Porch (PRCH) financial statements
Porch reported revenue of $482M in fiscal 2025, up 35.6% a year over 6 years.
Net income was -$3M and the operating margin 7.6%, against -113.6% in 2019.
Free cash flow was $52M.
The diluted share count rose 233% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Porch's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $78M | $72M | $192M | $276M | $430M | $438M | $482M |
| Cost of revenue | $22M | $18M | $59M | $108M | $229M | $236M | $142M |
| Gross profit | $56M | $55M | $134M | $168M | $201M | $202M | $340M |
| Selling, general and admin | $108M | $70M | $169M | $224M | $245M | $218M | $245M |
| Operating income | -$88M | -$42M | -$83M | -$177M | -$190M | -$65M | $37M |
| Interest expense | $7M | $15M | $6M | $9M | $32M | $43M | $52M |
| Pre-tax income | -$103M | -$56M | -$117M | -$156M | -$133M | -$31M | $27M |
| Income tax | $96,000 | -$2M | -$10M | $842,000 | $622,000 | $2M | $11M |
| Net income | -$103M | -$54M | -$107M | -$157M | -$134M | -$33M | -$3M |
| EPS (diluted) | -$3.31 | -$2.03 | -$1.14 | -$1.61 | -$1.39 | -$0.33 | -$0.03 |
| Diluted shares | 31M | 36M | 94M | 97M | 96M | 100M | 104M |
| Gross margin | 72.3% | 75.7% | 69.5% | 61.0% | 46.7% | 46.1% | 70.5% |
| Operating margin | -113.6% | -58.4% | -43.3% | -64.2% | -44.2% | -14.7% | 7.6% |
| Net margin | -133.2% | -74.7% | -55.4% | -56.7% | -31.1% | -7.5% | -0.7% |
Balance sheet
Fiscal years, from Porch's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $196M | $325M | $252M | $294M | $192M | $57M |
| Receivables | $5M | $4M | $29M | $26M | $24M | $19M | $11M |
| Total current assets | $10M | $216M | $605M | $611M | $481M | $365M | $88M |
| Property, plant and equipment | $7M | $5M | $7M | $12M | $17M | $23M | $28M |
| Goodwill | $18M | $28M | $226M | $245M | $192M | $192M | $192M |
| Total assets | $48M | $268M | $1.0B | $1.0B | $899M | $814M | $797M |
| Total current liabilities | $57M | $32M | $363M | $516M | $462M | $414M | $68M |
| Long-term debt | $41M | $43M | $415M | $425M | $435M | $404M | $385M |
| Total liabilities | $108M | $161M | $822M | $970M | $935M | $857M | $775M |
| Shareholders' equity | -$60M | $107M | $217M | $79M | -$36M | -$43M | -$25M |
| Net debt | $57M | -$148M | $99M | $227M | $177M | $236M | $348M |
Cash flow
Fiscal years, from Porch's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$29M | -$49M | -$35M | -$18M | $34M | -$32M | $66M |
| Capital spending | $5M | $3M | $5M | $10M | $10M | $13M | $14M |
| Free cash flow | -$34M | -$52M | -$39M | -$28M | $24M | -$44M | $52M |
| Stock-based compensation | $36M | $11M | $39M | $27M | $21M | $27M | $29M |
| Dividends paid | — | $30M | — | — | — | — | — |
| Share buybacks (net) | — | -$42,000 | $0 | -$2M | -$6M | $0 | $0 |
| Net borrowing | $31M | -$15M | $367M | $5M | $107M | -$23M | -$17M |
| Free cash flow margin | -43.7% | -71.3% | -20.5% | -10.2% | 5.5% | -10.2% | 10.8% |
| Dividends per share | — | $0.82 | — | — | — | — | — |
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Open PRCH in InvestinglyQuestions
What was Porch's revenue in 2025?
$482M in fiscal 2025, from its 10-K filing.
How much free cash flow does Porch generate?
$52M in fiscal 2025 (operating cash flow minus capital spending).
From Porch's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.