For the year ending 2025-12-31, PRCH made $482,414K in revenue. -$3,361K in net income. Net profit margin of -0.70%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 482,414 | 437,848 | ||
| Cost of revenue | 142,424 | 225,627 | ||
| Gross profit | 339,990 | - | ||
| Selling and marketing | 139,578 | 122,873 | ||
| Product and technology | 53,317 | 55,274 | ||
| General and administrative | 105,200 | 98,406 | ||
| Provision for doubtful accounts | 5,325 | 239 | ||
| Total operating expenses | - | 502,419 | ||
| Impairment loss on intangible assets and goodwill | 0 | - | ||
| Operating income (loss) | 36,570 | -64,571 | ||
| Interest expense | 51,572 | 42,536 | ||
| Change in fair value of derivatives | - | 5,869 | ||
| Change in fair value of earnout liability | 0 | - | ||
| Change in fair value of private warrant liability | 4,013 | -691 | ||
| Change in fair value of derivatives | 19,635 | - | ||
| Gain on extinguishment of debt | 395 | 27,436 | ||
| Investment income and realized gains and losses, net of investment expenses | 11,671 | 13,697 | ||
| Other income, net | 14,049 | 28,702 | ||
| Total other income (expense) | -9,835 | 33,859 | ||
| Income (loss) before income taxes | 26,735 | -30,712 | ||
| Income tax expense | 11,417 | 2,117 | ||
| Net income (loss) | 15,318 | - | ||
| Less net income attributable to the reciprocal | 18,679 | - | ||
| Net loss attributable to porch | -3,361 | -32,829 | ||
| Change in net unrealized loss, net of tax | - | -1,586 | ||
| Comprehensive loss | - | -34,415 | ||
| Net income (loss) attributable to porch per share - basic (in usd per share) | -0.03 | -0.33 | ||
| Net income (loss) attributable to porch per share - diluted (in usd per share) | -0.03 | -0.33 | ||
| Weighted average shares outstanding used to compute net income (loss) attributable to porch per share - basic (in shares) | 103,688,000 | 99,585,000 | ||
| Weighted average shares outstanding used to compute net income (loss) attributable to porch per share - diluted (in shares) | 103,688,000 | 99,585,000 | ||
Porch Group, Inc. (PRCH)
Porch Group, Inc. (PRCH)