Porch Group, Inc.
For the period ended Sep 30, 2026. Filed Oct 28, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Oct 28, 2026
PRCH$21.95+6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
(all numbers in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $(3,201) | $11,001 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | ||
| Depreciation and amortization | 20,844 | 17,283 |
| Provision for doubtful accounts | 3,618 | 3,504 |
| Gain on extinguishment of debt | — | (395) |
| Change in fair value of private warrant liability | — | 9,312 |
| Change in fair value of derivatives | (2,627) | (21,311) |
| Stock-based compensation | 26,521 | 20,091 |
| Non-cash interest expense | 36,931 | 31,632 |
| Other operating activities | (2,600) | (1,708) |
| Change in operating assets and liabilities, net of acquisitions and divestitures | ||
| Accounts receivable | (9,081) | (4,114) |
| Reinsurance balance due | 32,166 | 55,449 |
| Deferred policy acquisition costs | (16,055) | 6,955 |
| Prepaid expenses and other current assets | (1,762) | (14,184) |
| Accounts payable | (1,134) | 2,272 |
| Accrued expenses and other current liabilities | (17,206) | 1,046 |
| Losses and loss adjustment expense reserves | 8,761 | (10,724) |
| Other insurance liabilities, current | 10,024 | (12,425) |
| Deferred revenue | 34,142 | (28,448) |
| Refundable customer deposits | (2,433) | 655 |
| Other assets and liabilities, net | (3,098) | (673) |
| Net cash provided by operating activities | 113,810 | 65,218 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (915) | (362) |
| Capitalized internal use software development costs | (12,003) | (10,513) |
| Purchases of short-term and long-term investments | (94,891) | (103,999) |
| Maturities, sales of short-term and long-term investments | 64,930 | 64,246 |
| Proceeds from sale of business | — | 1,217 |
| Net cash used in investing activities | (42,879) | (49,411) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of debt | — | 51,000 |
| Repayments of principal | (7,799) | (68,164) |
| Cash paid for debt issuance costs | — | (2,206) |
| Repurchase of stock | (2,511) | — |
| Other financing activities | 810 | (423) |
| Net cash used in financing activities | (9,500) | (19,793) |
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | $61,431 | $(3,986) |
| Cash, cash equivalents, and restricted cash and cash equivalents at beginning of period | 169,111 | 196,782 |
| Cash, cash equivalents, and restricted cash and cash equivalents at end of period | $230,542 | $192,796 |
| Supplemental schedule of non-cash investing and financing activities | ||
| Non-cash reduction of convertible notes, net | $— | $14,958 |
| Non-cash additions of internally developed software | $1,305 | $— |
| Non-cash warrant exercises | $— | $4,473 |
| Supplemental disclosures | ||
| Cash paid for interest | $17,352 | $12,106 |
| Income taxes paid | $13,516 | $451 |
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