Porch Group, Inc. functions as a technology company, delivering a comprehensive software platform across both the United States and Canada. Its business ...
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Est. EPS $-0.00 · Revenue $134.95M · 2 analysts
Est. EPS $0.02 · Revenue $140.69M · 2 analysts
Est. EPS $-0.01 · Revenue $519.82M · 1 analysts
Est. EPS $-0.04 · Revenue $124.84M · 1 analysts
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $482.4M | +10.2% | +16.3% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $15.3M | +146.7% | +218.9% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +70.5% | +45.4% | -17.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +7.6% | +151.4% | -129.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +3.2% | +142.3% | +202.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $52.1M | +261.6% | +181.3% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +10.8% | +246.7% | +141.8% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | -1595.6% | -70.7% | -118.0% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 1.30x | +47.6% | +66.7% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $797.4M | -2.0% | +1.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | -0.03 vs -0.04 | +16.4% | 0.05 vs -0.00 | +3347.0% |
| Revenue Surprise | $482.4M vs $415.3M | +16.2% | $140.9M vs $134.9M | +4.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Mar 19, 2028 | Ehrlichman Matt | director, 10 percent owner, officer: CEO, CHAIRMAN AND FOUNDER | Common Stock | A | 1,748,472 | — |
| Aug 5, 2026 | Tabak Shawn | officer: CHIEF FINANCIAL OFFICER | Common Stock | D | 25,000 | $16.21 |
| Jul 2, 2026 | Tabak Shawn | officer: CHIEF FINANCIAL OFFICER | Common Stock | D | 25,000 | $16.13 |
| Jun 10, 2026 | TULLOCH MAURICE | director | Common Stock | A | 15,940 | — |
| Jun 10, 2026 | Vengalil Regi | director | Common Stock | A | 15,940 | — |
John Campbell : Good afternoon, and thank you for participating in Porch Group's Second Quarter 2026 Conference Call. Earlier today, we issued our press release and filed our related Form 8-K with the SEC. The earnings release and today's presentation are available on our Investor Relations website at ir.porchgroup.com. Before we begin, I'd like to review the company's safe harbor statement within the meaning of the Private Securities Litigation Reform Act of 1995, which provides important cautions regarding forward-looking statements. Today's discussion, including responses to your questions, reflect management's views as of today, July 29, 2026. We undertake no obligation to update or revise these remarks. We will make forward-looking statements that involve risks and uncertainties, and actual results may differ materially. Please refer to the information on this slide and our SEC filings for additional detail. We will also reference certain non-GAAP financial measures. Reconciliations to the most directly comparable GAAP measures are included in today's earnings release available at ir.porchgroup.com. A replay of this webcast will be available shortly after the call, again, on our Investor Relations site. Joining me here today are Matt Ehrlichman, Porch's CEO, Chairman and Founder; Shawn Tabak, Porch's CFO; and Matthew Neagle, Porch's COO. With that, I'll turn the call over to Matt for his key updates. Matt Ehrlichman : Thank you, John. Good afternoon, everyone. This will be another fun call here today. We are pleased to report a fantastic second quarter where we again delivered results that exceeded expectations and are raising guidance substantially across the board. We generated positive net income attributable to Porch in the quarter and expect that to be true for the full year 2026, 2027 and the years ongoing. I was excited to share this. Overall, now with Q2 revenue growth, excluding the reciprocal, at 23% and adjusted EBITDA margin, excluding the reciprocal, at 30%, we are now a Rule of 50 company. Insurance Services, our core largest and fastest growing business stands out even more with 38% revenue growth and a 48% adjusted EBITDA margin this quarter. Policy growth at our insurance business grew by the same 38% year-over-year. This is a big deal. Our Insurance Service business generates its economics based, yes, on reciprocal written premium volume but also meaningfully based on total number of policies given the policy fees that are charged to each policyholder. We managed to our financial results based both on premium and policy count, which I'm not sure is fully appreciated. Incremental margins at Insurance Services are exceptional, which you can see based on the fact that incremental revenues flowed almost fully into higher adjusted EBITDA. For our entire company, adjusted EBITDA, excluding the reciprocal, grew 2.5x year-over-year. The progress we've made on profitability is strengthening our balance sheet profile. We're …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Matthew Ehrlichman | Founder, Chairman & Chief Executive Officer | USD 1,946,295 | Male | 1980 | Active |
Matthew Neagle | Chief Operating Officer | USD 1,325,519 | Male | 1979 | Active |
Shawn Tabak | Chief Financial Officer | USD 894,016 | Male | 1979 | Active |
Joshua Steffan | Senior Vice President and Group GM of Inspection & Real Estate | — | Male | — | Active |
Emmanuel Bellegarde | Head of Reinsurance | — | Male | — | Active |
Hilary Cahill | Vice President of People | — | Female | — | Active |
Nicole Pelley | Executive Vice President & GM of Porch Platform | — | Female | — | Active |
Meghan Silver | Vice President, General Counsel & Secretary | — | — | — | Active |
Nicolas Graham | Senior Vice President & Group General Manager of Moving Division | — | Male | — | Active |
Michelle Taves | Vice President and Group GM of Data & Marketing | — | Female | — | Active |
John Campbell | Vice President of Investor Relations | — | — | — | Active |
Porch Group, Inc. (NASDAQ: PRCH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have assigned a buy recommendation to the
SEATTLE--(BUSINESS WIRE)--Porch Group, Inc. (“Porch”) (Nasdaq: PRCH), a new kind of homeowners insurance company, today announced its upcoming investor event attendance. Porch Management will be attending and participating in one-on-one and group investor meetings at these upcoming events: August 12, 2026: 29th Annual Technology, Internet & Communications Conference (Virtual) August 13, 2026: 8th Annual Needham FinTech & Digital Transformation Conference (Virtual) August 18-19, 2026: Cr.
Porch Group offers software and services to its network of homeowners, which gives it early access to homebuyers and property data. This positions PRCH very close to homeowners themselves, which I consider one of its main competitive advantages. Insurance Services turns Reciprocal's policy growth into fee and commission revenue for PRCH without making it a pure play insurance company.
Porch Group (PRCH) demonstrates a durable edge in homeowners insurance via proprietary inspection data and selective funnel management, supporting a Buy rating and $20 price target. Q2 2026 results validate PRCH's ability to convert data advantage into 38% policy growth and 126% Insurance Services Adjusted EBITDA growth, with strong 87% gross and 48% EBITDA margins. PRCH's selective customer acquisition, unconstrained by rate filings, enables precise margin management, but rapid new policy growth raises questions about loss ratio durability as the book ages.
Porch Group, Inc. (PRCH) Q2 2026 Earnings Call Transcript
