PRCH on Nasdaq
Porch Group
American software company1
In its 2026 annual report the company says: “Porch Group, Inc., together with its consolidated subsidiaries, is a new kind of homeowners insurance company—one designed to stand out in a massive and growing market of more than $100 billion. We are committed to being the go-to partner during one of life’s most significant transitions—buying a home—by offering services that simplify moving and home setup. We combine homeowners insurance with home warranty, filling coverage gaps and reducing unexpected costs for consumers.”5 It is headquartered in Seattle, Washington.1 Its shares trade on Nasdaq under the symbol PRCH.1
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Last updated Oct 21, 2026.
Overview
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- TickerPRCH on Nasdaq1
- IndustryAccident & Health Insurance1
- HeadquartersSeattle, Washington1
- Websiteporch.com
- Business address411 1St Avenue S., Suite 501, Seattle, Wa 981043
- Filer categoryLarge accelerated filer3
- Legal formCorporation
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Porch Group, Inc., together with its consolidated subsidiaries, (“Porch,” the “Company,” “we,” “our,” “us”) is a new kind of homeowners insurance company—one designed to stand out in a massive and growing market of more than $100 billion. Our strategy is built on three differentiators that set us apart.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
81.2%Gross margin6
8.7%Operating margin6
-0.8%Net margin6
33.7%Revenue growth, 20256
$66.0MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Recurring brought in 92% of the revenue Porch Group broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Recurring | $247.9M | $283.5M | $394.3M |
| Transactional | $40.4M | $31.9M | $33.7M |
Business segments
Insurance Services brought in 42% of the revenue Porch Group broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| Insurance Services | $125.8M | $157.1M | $266.7M |
| Reciprocal | $155.8M | $182.1M | $200.5M |
| Software & Data | $84.9M | $89.2M | $92.9M |
| Consumer Services | $77.5M | $69.1M | $68.4M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue34¢$142.4M
- Other costs63¢$265.1M
- Income tax3¢$11.4M
Out of $418.9M in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending1¢$454.0K
- Kept or used elsewhere99¢$66.0M
Out of $66.4M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total revenue | $482.4M | $437.8M | $430.3M |
| Cost of revenue | $142.4M | $235.9M | $229.4M |
| Gross profit | $340.0M | $201.9M | $200.9M |
| Selling and marketing | $139.6M | $122.9M | $144.3M |
| Product and technology | $53.3M | $48.1M | $51.5M |
| General and administrative | $105.2M | $95.2M | $101.1M |
| Provision for doubtful accounts | $5.3M | $239.0K | $37.2M |
| Impairment loss on intangible assets and goodwill | $0 | $0 | $57.2M |
| Operating income (loss) | $36.6M | -$64.6M | -$190.4M |
| Interest expense | -$51.6M | -$42.5M | -$31.8M |
| Change in fair value of earnout liability | $0 | $0 | $44.0K |
| Change in fair value of private warrant liability | -$4.0M | $691.0K | -$444.0K |
| Change in fair value of derivatives | $19.6M | $5.9M | -$4.3M |
| Gain on extinguishment of debt | $395.0K | $27.4M | $81.4M |
| Investment income and realized gains and losses, net of investment expenses | $11.7M | $13.7M | $8.3M |
| Other income, net | $14.0M | $28.7M | $3.9M |
| Total other income (expense) | -$9.8M | $33.9M | $57.0M |
| Income (loss) before income taxes | $26.7M | -$30.7M | -$133.3M |
| Income tax expense | -$11.4M | -$2.1M | -$622.0K |
| Net income (loss) | $15.3M | -$32.8M | -$133.9M |
| Less: Net income attributable to the Reciprocal | $18.7M | $0 | |
| Net loss attributable to Porch | -$3.4M | -$32.8M | -$133.9M |
| Net income (loss) attributable to Porch per share - basic (in usd per share) | -$0.03 | -$0.33 | -$1.39 |
| Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - basic (in shares) | 103.7M shares | 99.6M shares | 96.1M shares |
| Net income (loss) attributable to Porch per share - diluted (in usd per share) | -$0.03 | -$0.33 | -$1.39 |
| Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - diluted (in shares) | 103.7M shares | 99.6M shares | 96.1M shares |
| Change in net unrealized loss, net of tax | $6.3M | -$1.6M | $2.3M |
| Comprehensive income (loss) | $21.6M | -$34.4M | -$131.6M |
| Less: Comprehensive income attributable to the Reciprocal | $24.4M | $0 | $0 |
| Comprehensive loss attributable to Porch | -$2.8M | -$34.4M | -$131.6M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $44.7M | $167.6M | ||
| Accounts receivable, net | $11.3M | $19.1M | ||
| Short-term investments | $12.6M | $24.1M | ||
| Reinsurance balance due | $0 | $92.3M | ||
| Prepaid expenses | $6.4M | $8.4M | ||
| Deferred policy acquisition costs | $0 | $17.5M | ||
| Restricted cash and cash equivalents | $8.5M | $29.1M | ||
| Other current assets | $4.7M | $6.9M | ||
| Total current assets | $88.2M | $365.1M | ||
| Property, equipment, and software, net | $27.6M | $22.5M | ||
| Goodwill | $191.9M | $191.9M | $191.9M | $244.7M |
| Long-term investments | $55.4M | $158.7M | ||
| Intangible assets, net | $30.5M | $68.7M | ||
| Other assets | $6.5M | $7.0M | ||
| Cash and cash equivalents, including restricted | $169.1M | $196.8M | $297.2M | $228.6M |
| Total assets | $797.4M | $814.0M | ||
| Accounts payable | $4.0M | $4.5M | ||
| Accrued expenses and other current liabilities | $38.9M | $41.2M | ||
| Deferred revenue | $4.6M | $248.7M | ||
| Refundable customer deposits | $12.5M | $12.6M | ||
| Current debt | $7.8M | $150.0K | ||
| Losses and loss adjustment expense reserves | $0 | $67.8M | ||
| Other insurance liabilities, current | $0 | $39.1M | ||
| Total current liabilities | $67.8M | $414.2M | ||
| Long-term debt | $385.1M | $403.8M | ||
| Other liabilities | $15.0M | $39.2M | ||
| Total liabilities | $775.0M | $857.2M | ||
| Common stock | $11.0K | $10.0K | ||
| Additional paid-in capital | $623.0M | $717.1M | ||
| Accumulated other comprehensive income (loss) | $642.0K | -$5.4M | ||
| Accumulated deficit | -$648.3M | -$754.9M | ||
| Porch stockholders' deficit | -$24.6M | -$43.2M | ||
| Noncontrolling interest related to the Reciprocal | $47.0M | $0 | ||
| Total stockholders' equity (deficit) | $22.4M | -$43.2M | -$35.7M | $79.4M |
| Total liabilities and stockholders' equity (deficit) | $797.4M | $814.0M | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 124.1M shares | 119.8M shares | ||
| Common stock, shares outstanding (in shares) | 124.1M shares | 119.8M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $44.7M | $167.6M | ||
| Accounts receivable, net | $11.3M | $19.1M | ||
| Short-term investments | $12.6M | $24.1M | ||
| Reinsurance balance due | $0 | $92.3M | ||
| Prepaid expenses | $6.4M | $8.4M | ||
| Deferred policy acquisition costs | $0 | $17.5M | ||
| Restricted cash and cash equivalents | $8.5M | $29.1M | ||
| Other current assets | $4.7M | $6.9M | ||
| Total current assets | $88.2M | $365.1M | ||
| Property, equipment, and software, net | $27.6M | $22.5M | ||
| Goodwill | $191.9M | $191.9M | $191.9M | $244.7M |
| Long-term investments | $55.4M | $158.7M | ||
| Intangible assets, net | $30.5M | $68.7M | ||
| Other assets | $6.5M | $7.0M | ||
| Cash and cash equivalents, including restricted | $169.1M | $196.8M | $297.2M | $228.6M |
| Total assets | $797.4M | $814.0M | ||
| Accounts payable | $4.0M | $4.5M | ||
| Accrued expenses and other current liabilities | $38.9M | $41.2M | ||
| Deferred revenue | $4.6M | $248.7M | ||
| Refundable customer deposits | $12.5M | $12.6M | ||
| Current debt | $7.8M | $150.0K | ||
| Losses and loss adjustment expense reserves | $0 | $67.8M | ||
| Other insurance liabilities, current | $0 | $39.1M | ||
| Total current liabilities | $67.8M | $414.2M | ||
| Long-term debt | $385.1M | $403.8M | ||
| Other liabilities | $15.0M | $39.2M | ||
| Total liabilities | $775.0M | $857.2M | ||
| Common stock | $11.0K | $10.0K | ||
| Additional paid-in capital | $623.0M | $717.1M | ||
| Accumulated other comprehensive income (loss) | $642.0K | -$5.4M | ||
| Accumulated deficit | -$648.3M | -$754.9M | ||
| Porch stockholders' deficit | -$24.6M | -$43.2M | ||
| Noncontrolling interest related to the Reciprocal | $47.0M | $0 | ||
| Total stockholders' equity (deficit) | $22.4M | -$43.2M | -$35.7M | $79.4M |
| Total liabilities and stockholders' equity (deficit) | $797.4M | $814.0M | ||
| Common stock, par value (in usd per share) | $0.00 | $0.00 | ||
| Common stock, shares authorized (in shares) | 400.0M shares | 400.0M shares | ||
| Common stock, shares issued (in shares) | 124.1M shares | 119.8M shares | ||
| Common stock, shares outstanding (in shares) | 124.1M shares | 119.8M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $15.3M | -$32.8M | -$133.9M |
| Depreciation and amortization | $24.5M | $25.5M | $24.4M |
| Provision for doubtful accounts | $5.3M | $239.0K | $37.2M |
| Impairment loss on intangible assets and goodwill | $0 | $0 | $57.2M |
| Gain on extinguishment of debt | -$395.0K | -$27.4M | -$81.4M |
| Loss on divestiture of business | $0 | $5.3M | $0 |
| Change in fair value of private warrant liability | $4.0M | -$691.0K | $444.0K |
| Change in fair value of contingent consideration | -$44.0K | -$3.4M | -$5.7M |
| Change in fair value of derivatives | -$19.6M | -$5.9M | $4.2M |
| Stock-based compensation | $29.0M | $27.2M | $20.7M |
| Non-cash interest expense | $29.2M | $27.3M | $20.8M |
| Gain on settlement of contingent consideration | $0 | -$14.9M | $0 |
| Other operating activities | -$2.6M | -$4.1M | $1.1M |
| Accounts receivable | -$5.5M | -$155.0K | $1.0M |
| Reinsurance balance due | $53.6M | -$7.4M | $179.4M |
| Deferred policy acquisition costs | -$9.2M | $9.6M | -$18.5M |
| Accounts payable | -$162.0K | -$4.2M | $2.5M |
| Accrued expenses and other current liabilities | $4.1M | -$10.7M | -$1.4M |
| Losses and loss adjustment expense reserves | -$18.6M | -$27.7M | -$5.1M |
| Other insurance liabilities, current | -$15.3M | $7.6M | -$30.1M |
| Deferred revenue | -$25.0M | -$437.0K | -$21.6M |
| Refundable customer deposits | -$94.0K | -$5.4M | -$13.9M |
| Other assets and liabilities, net | -$2.0M | $10.9M | -$3.5M |
| Net cash provided by (used in) operating activities | $66.4M | -$31.7M | $33.9M |
| Purchases of property and equipment | -$454.0K | -$523.0K | -$851.0K |
| Capitalized internal use software development costs | -$13.9M | -$12.3M | -$9.2M |
| Purchases of short-term and long-term investments | -$148.3M | -$110.9M | -$91.0M |
| Maturities, sales of short-term and long-term investments | $89.6M | $67.8M | $46.8M |
| Proceeds from sale of business | $1.2M | $10.9M | $0 |
| Acquisitions, net of cash acquired | $0 | $0 | -$2.0M |
| Net cash used in investing activities | -$71.9M | -$45.1M | -$56.3M |
| Proceeds from advance funding | $0 | $0 | $319.0K |
| Repayments of advance funding | $0 | $0 | -$4.1M |
| Proceeds from issuance of debt | $51.0M | $0 | $116.7M |
| Repayments of principal | -$68.2M | -$23.4M | -$10.2M |
| Cash paid for debt issuance costs | -$2.2M | $0 | -$4.7M |
| Repurchase of stock | $0 | $0 | -$5.6M |
| Other financing activities | -$2.8M | -$339.0K | -$1.4M |
| Net cash used in financing activities | -$22.2M | -$23.7M | $91.0M |
| Net change in cash, cash equivalents, and restricted cash and cash equivalents | -$27.7M | -$100.5M | $68.6M |
| Non-cash reduction in advance funding arrangement obligations | $0 | $94.0K | $11.8M |
| Non-cash reduction of convertible notes, net | $15.0M | $0 | $0 |
| Non-cash additions of internally developed software | $434.0K | $0 | $0 |
| Non-cash warrant exercises | $4.5M | $0 | $0 |
| Cash paid for interest | $29.0M | $23.8M | $12.2M |
| Income taxes paid (refunded) | $562.0K | $621.0K | -$2.3M |
No quarter-by-quarter statement was filed.
Corporate structure
Porch Group sits at the top of its group. 41 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Porch Group
- BlackRock Filed SCHEDULE 13G/A on Porch Group, latest Jul 29, 2026 (5 filings since Feb 4, 2022)
- Park West Asset Management LLC Filed SCHEDULE 13G/A on Porch Group, latest Jun 16, 2026 (11 filings since Jan 6, 2022)
- Matt Ehrlichman Filed SCHEDULE 13D/A on Porch Group, latest May 27, 2026 (11 filings since Feb 16, 2022)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Porch Group, latest Mar 27, 2026 (2 filings since Jul 29, 2025)
- Granahan Investment Management, LLC Filed SCHEDULE 13G/A on Porch Group, latest Dec 5, 2025 (7 filings since Jul 11, 2022)
- FMR LLC Filed SCHEDULE 13G/A on Porch Group, latest May 12, 2025 (5 filings since Feb 9, 2022)
- Portolan Capital Management, LLC Filed SC 13G/A on Porch Group, latest Feb 14, 2024 (3 filings since Dec 5, 2022)
- VILLERE ST DENIS J & CO LLC Filed SC 13D/A on Porch Group, latest Nov 9, 2023 (2 filings since Jan 12, 2023)
- Capital World Investors Filed SC 13G/A on Porch Group, latest Feb 13, 2023 (2 filings since Feb 11, 2022)
- Southpoint Capital Advisors LP Filed SC 13G/A on Porch Group, latest Feb 10, 2023 (2 filings since Feb 10, 2022)
- Vulcan Value Partners, LLC Filed SC 13G/A on Porch Group, latest Sep 12, 2022 (3 filings since Feb 10, 2022)
- Porch Group Seattle, Washington
- American Home Protect, LLC Subsidiary · Missouri, United States
- Americas Call Center, LLC Subsidiary · Missouri, United States
- DataMentors, LLC Subsidiary · Delaware, United States
- Floify LLC Subsidiary · Colorado, United States
- Guardian Small Business Consulting and Financial Services LLC Subsidiary · Idaho, United States
- Hilltop HoldCo LLC Subsidiary · California, United States
- Hire A Helper LLC Subsidiary · California, United States
- HireAHelper Corporate Relocation LLC Subsidiary · California, United States
- Home Inspector Pro, LLC Subsidiary · California, United States
- Homeowners of America Holding Corporation Subsidiary · Delaware, United States
- Homeowners of America Insurance Company Subsidiary · Texas, United States
- Homeowners of America MGA, Inc. Subsidiary · Texas, United States
- Inspection Support Limited Liability Company Subsidiary · Nevada, United States
- iRoofing, LLC Subsidiary · Florida, United States
- Mountain Warranty Corporation Subsidiary · Colorado, United States
- Moving Labor Services, Inc. Subsidiary · Texas, United States
- MovingPlace, LLC Subsidiary · Florida, United States
- NXT Inspekt, Inc. Subsidiary · Indiana, United States
- Permit Puller, Inc. Subsidiary · Massachusetts, United States
- Porch India Private Limited Subsidiary · India
- Porch Insurance Reciprocal Exchange Subsidiary · Texas, United States
- Porch Risk Management Services LLC Subsidiary · Texas, United States
- Porch Services International LLC Subsidiary · Delaware, United States
- Porch.com, Inc. Subsidiary · Delaware, United States
- Porticus Reinsurance Ltd. Subsidiary · Cayman Islands
- and 15 more
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Porch Group reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $57.9M6 Dec 31, 2025 | $45.5M6 Dec 31, 2024 | +27.1% |
| Accumulated depreciation | $30.3M6 Dec 31, 2025 | $23.0M6 Dec 31, 2024 | +31.6% |
| Property and equipment, net | $27.6M6 Dec 31, 2025 | $22.5M6 Dec 31, 2024 | +22.5% |
| Operating-lease assets (leased space) | $1.8M6 Dec 31, 2025 | $2.2M6 Dec 31, 2024 | −19.4% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $44.7M6 Dec 31, 2025 | $167.6M6 Dec 31, 2024 | −73.4% |
| Marketable securities, current | $12.6M6 Dec 31, 2025 | $24.1M6 Dec 31, 2024 | −47.6% |
| Debt securities available for sale | $68.0M6 Dec 31, 2025 | $182.8M6 Dec 31, 2024 | −62.8% |
| Long-term investments | $55.4M6 Dec 31, 2025 | $158.7M6 Dec 31, 2024 | −65.1% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $191.9M6 Dec 31, 2025 | $191.9M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $30.5M6 Dec 31, 2025 | $68.7M6 Dec 31, 2024 | −55.6% |
| Finite-lived intangibles, net | $48.9M6 Dec 31, 2025 | $63.8M10 Dec 31, 2024 | −23.4% |
Properties, in its own words
To support our business operations in the United States and other countries we lease real properties. Our reportable segments use these facilities for their respective business purposes, and we believe these current facilities are suitable for their respective uses and are adequate for our anticipated future needs. We do not anticipate any future problems renewing or obtaining suitable leases for us or any of our businesses.
Item 2 of the 10-K filed Feb 20, 2026.5
Leadership
Who has led Porch Group, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
20202025
- Chief executive officerMilton Joseph Beck Nov 21, 2019 to Nov 21, 201914
- Chief executive officerThomas D. Hennessy Nov 21, 2019 to Nov 21, 201915
- PresidentThomas D. Hennessy Nov 21, 2019 to Nov 21, 201915
- Chief financial officerShawn Tabak Nov 14, 2022 to now16
- Chief financial officerMartin L. Heimbigner Dec 29, 2020 to Dec 28, 202117
- Chief financial officerMilton Joseph Beck Nov 21, 2019 to Nov 21, 201914
- Chief operating officerMatthew Neagle Dec 29, 2020 to now18
Board members and other officers (15)
- Board memberSean Davis Kell Mar 21, 2022 to now19
- Board memberAmanda L. Reierson Oct 14, 2022 to now20
- Board memberCamilla Velasquez Oct 14, 2022 to now21
- Board memberMaurice Tulloch Aug 16, 2021 to now22
- Board memberRachel Lam Aug 16, 2021 to now23
- Board memberAlan R. Pickerill Dec 29, 2020 to now24
- Board memberAsha Sharma Dec 29, 2020 to Dec 28, 202125
- Board memberJavier Saade Dec 29, 2020 to Jun 11, 202126
- Board memberJoe F. Hanauer Dec 29, 2020 to Feb 19, 202127
- Board memberRegi Vengalil Dec 29, 2020 to now28
- Board memberCourtney A. Robinson Nov 21, 2019 to Nov 21, 201929
- Board memberJack Leeney Nov 21, 2019 to Nov 21, 201930
- Board memberMargaret M. Whelan Nov 21, 2019 to Jun 11, 202131
- Board memberMilton Joseph Beck Nov 21, 2019 to Dec 29, 202014
- Board memberThomas D. Hennessy Nov 21, 2019 to Jun 11, 202115
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- American Home Protect, LLC Missouri4
- Americas Call Center, LLC Missouri4
- DataMentors, LLC Delaware4
- Floify LLC Colorado4
- Guardian Small Business Consulting and Financial Services LLC Idaho4
- Hilltop HoldCo LLC California4
- Hire A Helper LLC California4
- HireAHelper Corporate Relocation LLC California4
- Home Inspector Pro, LLC California4
- Homeowners of America Holding Corporation Delaware4
- Homeowners of America Insurance Company Texas4
- Homeowners of America MGA, Inc. Texas4
- Inspection Support Limited Liability Company Nevada4
- Mountain Warranty Corporation Colorado4
- Moving Labor Services, Inc. Texas4
- MovingPlace, LLC Florida4
- NXT Inspekt, Inc. Indiana4
- Permit Puller, Inc. Massachusetts4
- Porch India Private Limited India4
- Porch Insurance Reciprocal Exchange Texas4
- Porch Risk Management Services LLC Texas4
- Porch Services International LLC Delaware4
- Porch.com, Inc. Delaware4
- Porticus Reinsurance Ltd. Cayman Islands4
All 40 listed subsidiaries
- RWS Home Service Contracts LLC Indiana4
- RWS Inspector Services Group, LLC Indiana4
- RWS Insurance Services, LLC Indiana4
- RWS of America, LLC Indiana4
- Residential Warranty Home Protection of California, Inc. California4
- Residential Warranty Home Protection, LLC Indiana4
- Residential Warranty Services of Canada, Inc. Indiana4
- Riprock Holding, LLC Texas4
- SML Relocation, LLC Texas4
- SML Transport LLC Texas4
- SVZ Holding, Inc. California4
- Segin Systems, Inc. Virginia4
- Sergin Software, LLC Virginia4
- Simple Movers, LLC Texas4
- Welcome Wagon, LLC Delaware4
- iRoofing, LLC Florida4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
- PropTech Acquisition CorpSep 11, 2019 to Dec 21, 20203
Timeline
- Oct 13, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure33
- Jul 29, 20268-K Results of operations; Regulation FD disclosure34
- Jun 15, 20268-K Shareholder vote35
- Jun 11, 20268-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure36
- Apr 28, 20268-K Results of operations; Regulation FD disclosure37
- Feb 11, 20268-K Results of operations; Regulation FD disclosure38
- Nov 5, 20258-K Results of operations; Regulation FD disclosure39
- Aug 5, 20258-K Results of operations; Regulation FD disclosure40
- Jun 27, 20258-K Executive or director change41
- Jun 16, 20258-K Shareholder vote42
- May 28, 20258-K Entered a material agreement; New debt or obligation; Unregistered sale of shares43
- May 20, 20258-K Entered a material agreement; Unregistered sale of shares; Regulation FD disclosure44
- Dec 24, 2020Went public Listed on NASDAQ1
- Nov 21, 2019New chief executive Thomas D. Hennessy becomes CEO15
- Nov 21, 2019New chief executive Milton Joseph Beck becomes CEO14
Calendar
Coming up
- Nov 4, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.10) a share, on Nov 5, 2025.45
When it reported results
- Jul 29, 2026Reported quarterly or annual results34
- Apr 28, 2026Reported quarterly or annual results37
- Feb 11, 2026Reported quarterly or annual results38
- Nov 5, 2025Reported quarterly or annual results39
- Aug 5, 2025Reported quarterly or annual results40
- May 6, 2025Reported quarterly or annual results46
- Feb 25, 2025Reported quarterly or annual results47
- Nov 7, 2024Reported quarterly or annual results48
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
455 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 60 major events, 241 insider forms, 53 large holders, 1 private raises, 80 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 7, 20264 EDGAR
- Oct 6, 2026144 EDGAR
- Oct 5, 2026144 EDGAR
- Oct 5, 20264 EDGAR
- Oct 5, 2026144 EDGAR
- Oct 5, 2026144 EDGAR
- Sep 16, 20264 EDGAR
- Sep 16, 20264 EDGAR
- Sep 14, 2026144 EDGAR
- Sep 14, 2026144 EDGAR
- Aug 7, 20264 EDGAR
- Aug 5, 2026144 EDGAR
- Jul 30, 2026S-8 EDGAR
- Jul 29, 2026SCHEDULE 13G/A EDGAR
- Jul 29, 202610-Q EDGAR
- Jul 29, 20268-K EDGAR
The 455 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
142 open-market trades by officers, directors and large owners since October 2021: 53 buys and 89 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 14, 2026 | Reierson Amanda LDirector | Sale | 33,135 | $16.46 | $545.4K | Form 4 |
| Sep 14, 2026 | Neagle MatthewChief Operating Officer | Sale | 50,000 | $16.46 | $823.0K | Form 4 |
| Aug 5, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 25,000 | $16.21 | $405.2K | Form 4 |
| Jul 2, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 25,000 | $16.13 | $403.2K | Form 4 |
| Jun 2, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 3,944 | $10.87 | $42.9K | Form 4 |
| May 26, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 30,000 | $10.08 | $302.4K | Form 4 |
| May 20, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 10,881 | $9.78 | $106.4K | Form 4 |
| May 20, 2026 | Neagle MatthewChief Operating Officer | Sale | 62,344 | $9.78 | $609.7K | Form 4 |
| May 20, 2026 | Ehrlichman MattCEO, CHAIRMAN AND FOUNDER | Sale | 120,368 | $9.78 | $1.2M | Form 4 |
| May 15, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 10,467 | $10.34 | $108.2K | Form 4 |
| May 15, 2026 | Neagle MatthewChief Operating Officer | Sale | 59,983 | $10.34 | $620.2K | Form 4 |
| May 15, 2026 | Ehrlichman MattCEO, CHAIRMAN AND FOUNDER | Sale | 115,805 | $10.34 | $1.2M | Form 4 |
| May 12, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 11,107 | $10.52 | $116.8K | Form 4 |
| May 12, 2026 | Neagle MatthewChief Operating Officer | Sale | 63,650 | $10.52 | $669.6K | Form 4 |
| May 12, 2026 | Ehrlichman MattCEO, CHAIRMAN AND FOUNDER | Sale | 122,881 | $10.52 | $1.3M | Form 4 |
| May 8, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 10,511 | $11.12 | $116.9K | Form 4 |
| May 8, 2026 | Neagle MatthewChief Operating Officer | Sale | 60,240 | $11.12 | $669.9K | Form 4 |
| May 8, 2026 | Ehrlichman MattCEO, CHAIRMAN AND FOUNDER | Sale | 116,303 | $11.12 | $1.3M | Form 4 |
| May 5, 2026 | Tabak ShawnCHIEF FINANCIAL OFFICER | Sale | 10,610 | $10.43 | $110.7K | Form 4 |
| May 5, 2026 | Neagle MatthewChief Operating Officer | Sale | 60,802 | $10.43 | $634.2K | Form 4 |
All 142 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- BlackRockSCHEDULE 13G/A, 5 filings Feb 4, 2022 to Jul 29, 202649
- Park West Asset Management LLCSCHEDULE 13G/A, 11 filings Jan 6, 2022 to Jun 16, 202650
- Matt EhrlichmanSCHEDULE 13D/A, 11 filings Feb 16, 2022 to May 27, 202651
- VANGUARD GROUP INCSCHEDULE 13G/A, 2 filings Jul 29, 2025 to Mar 27, 202652
- Granahan Investment Management, LLCSCHEDULE 13G/A, 7 filings Jul 11, 2022 to Dec 5, 202553
- FMR LLCSCHEDULE 13G/A, 5 filings Feb 9, 2022 to May 12, 202554
- Portolan Capital Management, LLCSC 13G/A, 3 filings Dec 5, 2022 to Feb 14, 202455
- VILLERE ST DENIS J & CO LLCSC 13D/A, 2 filings Jan 12, 2023 to Nov 9, 202356
- Capital World InvestorsSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202357
- Southpoint Capital Advisors LPSC 13G/A, 2 filings Feb 10, 2022 to Feb 10, 202358
- Vulcan Value Partners, LLCSC 13G/A, 3 filings Feb 10, 2022 to Sep 12, 202259
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Matt Ehrlichman | $643.3K | $14.5M60 | |
| 2025 | Matthew Neagle | $468.3K | $6.9M60 | |
| 2025 | Shawn Tabak | $424.6K | $2.8M60 | |
| 2024 | Chief Executive Officer and Chairman | $618.3K | $12.8M60 | |
| 2024 | Chief Operating Officer | $443.3K | $6.0M60 | |
| 2024 | Chief Financial Officer | $404.6K | $2.4M60 | |
| 2023 | Chief Executive Officer and Chairman | $600.0K | $4.3M60 | |
| 2023 | Chief Operating Officer | $417.9K | $2.4M60 | |
| 2023 | Chief Financial Officer | $390.0K | $1.3M60 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Apr 1, 2022Raised $4 million in a private offering of equity Form D: 2 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Granahan Investment Management, LLC | 12,393,660 | $186.4M | 6.6% | −281,327 |
| BlackRock, Inc. | 8,576,809 | $129.0M | 0.0% | +641,235 |
| D. E. Shaw & Co., Inc. | 5,289,385 | $79.6M | 0.1% | +927,585 |
| Vanguard Capital Management LLC | 4,508,442 | $67.8M | 0.0% | +161,642 |
| Gilder Gagnon Howe & Co LLC | 4,381,990 | $65.9M | 0.7% | +207,073 |
| Park West Asset Management LLC | 3,536,810 | $53.2M | 3.6% | −1,560,382 |
| Goldman Sachs Group Inc | 3,222,042 | $48.5M | 0.0% | −161,816 |
| Geode Capital Management, LLC | 2,621,360 | $39.4M | 0.0% | +347,366 |
| State Street Corp | 2,481,518 | $37.3M | 0.0% | +172,540 |
| Portolan Capital Management, LLC | 2,456,451 | $36.9M | 1.4% | +311,561 |
| Vanguard Portfolio Management LLC | 2,340,871 | $35.2M | 0.0% | +174,017 |
| Driehaus Capital Management LLC | 2,145,989 | $32.3M | 0.2% | +1,385,365 |
| Divisadero Street Capital Management, LP | 2,105,695 | $31.7M | 0.7% | New |
| Dimensional Fund Advisors LP | 1,665,626 | $25.0M | 0.0% | +125,544 |
| Frontier Capital Management Co LLC | 1,547,453 | $23.3M | 0.2% | New |
| Jupiter Topco LLC | 1,461,364 | $22.0M | 0.0% | New |
| UBS Group AG | 1,423,495 | $21.4M | 0.0% | +382,811 |
| Wellington Management Group Llp | 1,297,050 | $19.5M | 0.0% | +70,139 |
| Fmr LLC | 1,184,434 | $17.8M | 0.0% | +1,165,825 |
| Silvercrest Asset Management Group LLC | 1,042,691 | $15.7M | 0.1% | New |
| Ashford Capital Management Inc | 976,320 | $14.7M | 1.6% | +280,140 |
| Northern Trust Corp | 867,794 | $13.1M | 0.0% | −8,907 |
| Jpmorgan Chase & Co | 887,414 | $13.0M | 0.0% | +273,709 |
| Charles Schwab Investment Management Inc | 849,852 | $12.8M | 0.0% | +127,239 |
| Pembroke Management, LTD | 823,718 | $12.4M | 0.9% | +552,614 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How Porch Group is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARPorch Group, Inc.2
- CIK0001784535
- Employer ID (EIN)84-25876635
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 312
- Industry code (SIC)6321 Accident & Health Insurance2
- SEC reviewing officeOffice of Finance, Division of Corporation Finance2
- Business address411 1St Avenue S., Suite 501, Seattle, WA 981042
- Phone(855) 767-24002
- Shares outstanding131,832,044 as of Jul 24, 202612
- Public float$840.0M as of Jun 30, 20255
- AuditorGRANT THORNTON LLP, Bellevue, Washington PCAOB ID 248; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceSep 11, 20192
- Filings649 in all: 4 (274), 8-K (81), 144 (36), SC 13G/A (34), 3 (24), SC 13G (22), 10-Q (20), 425 (19)2
All 45 form types
4/A (12), CORRESP (12), 424B3 (9), DEFA14A (9), SC 13D/A (8), SCHEDULE 13G/A (8), UPLOAD (8), 10-K (7), EFFECT (7), S-8 (7), DEF 14A (6), 8-K/A (4), ARS (4), SCHEDULE 13D/A (4), SCHEDULE 13G (4), 25-NSE (2), 5 (2), D (2), POS AM (2), S-1 (2), S-1/A (2), S-3 (2), S-4/A (2), 10-K/A (1), 424B4 (1), 8-A12B (1), CERT (1), DEFR14A (1), DRS (1), DRS/A (1), DRSLTR (1), NT 10-K (1), NT 10-Q (1), PRE 14A (1), S-3/A (1), S-4 (1), SC 13D (1)
- Latest filingsAnnual report (10-K) Feb 20, 2026
Quarterly report (10-Q) Jul 29, 2026
Proxy statement (DEF 14A) Apr 17, 2026
Latest 8-K (8-K) Oct 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, par value $0.0001 per share | PRCH | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Feb 20, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks Porch Group names in Item 1A of its 10-K filed Feb 20, 2026: 39 risks under these headings, as written.5
- •Our brands and businesses, including the insurance business we manage, operate in an especially competitive and evolving industry.
- •We face a variety of risks from our expansion into the insurance business, including as a result of higher than expected claims costs and other factors outside of our control, which may result in an adverse impact on the Company’s financial condition.
- •Porch Shareholder Interests and our future growth are largely dependent on our ability to manage the operations of and grow the insurance business we manage and operate by limiting attrition, generating surplus at the Reciprocal, and increasing our revenue by increasing the number of sales of home-related services per customer and consumer. We may not succeed in these efforts.
- •The incidence, frequency and severity of weather events, extensive wildfires, and other catastrophes, particularly occurring where the Porch Reciprocal Exchange (the “Reciprocal”) has a concentration of homeowners insurance policyholders, or that adversely impact consumer confidence and spending behavior in the industries we serve, could have a material effect on our results of operations and financial condition.
- •Our efforts to develop new insurance products, expand in targeted insurance markets, improve business processes and workflows, use Home Factors in underwriting, or make acquisitions may not be successful and may create enhanced risk.
- •We may not be able to protect our systems, technology and infrastructure from cyberattacks and cyberattacks experienced by third parties may adversely affect us. If personal, confidential, or sensitive user information or property data that we maintain and store is breached or otherwise accessed by unauthorized persons, it may be costly to mitigate, and our reputation could be harmed.
- •Our brands and businesses are sensitive to general economic events, trends and conditions, including those related to, without limitation, the housing and financial markets, which impacts the demand and costs for a portion of our products and services.
- •We may be unable to access the capital markets when needed, which could adversely affect the ability to take advantage of business opportunities as they arise. refinance our outstanding debt, and fund operations in a cost-effective manner.
- •We may fail to adequately protect our intellectual property rights or may be accused of infringing the intellectual property rights of third parties.
- •We operate an insurance business through a reciprocal exchange, the Reciprocal. We do not own the Reciprocal but provide certain management services for which we receive compensation. The growth and financial health of the Reciprocal directly affect our operating revenue and the payment of interest and principal on surplus notes we hold is uncertain.
- •If the management fee rate retained by Porch’s insurance services businesses is reduced or if there is a significant decrease in the amount of gross premiums written by the Reciprocal, revenues and profitability of the Company could be materially adversely affected.
- •The Reciprocal is dependent on the use of reinsurance, including reinsurance from our wholly owned reinsurance captive.
The other 27 risks
- •We may change the structure of the reinsurance arrangement for the Reciprocal and our reinsurance captive in the future, which may impact our overall risk profile and financial condition.
- •Reinsurance may be unavailable at current levels and prices, which may limit the Reciprocal’s ability to write new business. Furthermore, reinsurance subjects the Reciprocal to counterparty risk and may not be adequate to protect it against losses, which could have a material effect on results of our operations and financial condition.
- •The performance of the Reciprocal’s and our reinsurance captive’s investment portfolios is subject to a variety of investment risks.
- •The financial strength ratings of the Reciprocal and Homeowners of America (“HOA”), its insurance company subsidiary, could be downgraded.
- •Increases in parts, appliance and home system prices and other operating costs could adversely impact our business, financial position, results of operations and cash flows.
- •The effects of emerging claim and coverage issues in the insurance industry are uncertain.
- •Failure to maintain the Reciprocal’s risk-based capital at the required levels could adversely affect its ability to maintain regulatory authority to conduct business.
- •The Reciprocal’s and our insurance captive’s loss reserves may be inadequate to cover actual losses.
- •The Reciprocal and our reinsurance captive could be forced to sell investments to meet liquidity requirements.
- •Our results of operations and financial condition may be adversely affected due to limitations in the analytical models or changes in accessibility to such models used to assess and predict the Reciprocal’s exposure to catastrophic losses.
- •Regulatory factors could, and a sustained decline in the price of our common stock would, negatively impact the Reciprocal’s statutory surplus, which may require it to raise additional funds to enable the Reciprocal to adhere to regulatory requirements and maintain its financial stability rating.
- •If the costs of providing services to the Reciprocal are not controlled, our profitability could be materially adversely affected.
- •Our quarterly operating results may fluctuate in the future. As a result, we may fail to meet or exceed the expectations of the market, including research analysts or investors, which could cause our stock price to decline.
- •Our quarterly results of operations fluctuate due to seasonality in consumer demand and historical weather trends, in addition to other factors associated with our industry.
- •Prior to the fourth quarter of fiscal 2024, we had a history of losses, and we may be unable to sustain profitability.
- •Our risk management policies and procedures may prove to be ineffective and leave us exposed to unidentified or unanticipated risk.
- •We are subject to credit risk arising from the financial soundness of counterparties, including the Reciprocal’s and our reinsurance captive’s reinsurers, which may have a material adverse effect on our business, financial condition, and results of operations.
- •The insurance businesses we manage and operate are subject to state governmental regulation, which could limit the growth of the insurance businesses and impose additional costs on the Reciprocal and HOA.
- •The processing, storage, use and disclosure of personal data is subject to a variety of federal and state laws and regulations and could give rise to liabilities and increased costs.
- •Implementation of artificial intelligence (“AI”) and machine learning technologies may result in legal and regulatory risks, reputational harm or have other adverse consequences to our business.
- •The indenture governing our 2028 Notes contains, and instruments governing any future indebtedness of ours would likely contain, restrictions that may limit our flexibility in operating our business, and any default on our 2028 Notes or other future secured indebtedness could result in foreclosure by our secured debtholders on our assets. In addition, servicing our indebtedness requires a significant amount of cash, and we may not have sufficient cash flow from our business to make such payments.
- •We face risks associated with our independent contractors, including complying with applicable laws.
- •We depend on key personnel to operate our business, and if we are unable to retain, attract and integrate qualified personnel, our ability to develop and successfully grow our business could be harmed.
- •Expansion of our employee base to foreign countries will subject us to additional risks that can adversely affect our business, results of operations, and financial condition.
- •The price of the Company’s securities may change significantly, and investors could lose all or part of their investment as a result.
- •Because there are no current plans to pay cash dividends on the Company’s common stock for the foreseeable future, you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
- Risks Relating to Porch’s Business and Industry
- Risks Relating to our Insurance Operations
- Risks Relating to Financial Reporting and Results of Operations
- Risks Relating to Compliance with Laws and Regulations, and Litigation
- Risks Relating to our Indebtedness
- Risks Relating to Personnel
- Risks Relating to Our Growth Strategy and Strategic Initiatives
- Additional Risks Relating to Ownership of Company Securities
Legal proceedings
See Note 19, Commitments and Contingencies, in the notes to the consolidated financial statements included in Part II, “Item 8. Financial Statements and Supplementary Data” of this Annual Report, which is incorporated by reference into this Part I, Item 3, for a description of certain litigation and legal proceedings.
In addition, in the ordinary course of business, we and our subsidiaries are (or may become) parties to litigation involving property, personal injury, contract, intellectual property and other claims, stockholder derivative actions, class action lawsuits and other matters. The amounts that may be recovered in such matters may be subject to insurance coverage. Although the results of legal proceedings and claims cannot be predicted with certainty, neither we nor any of our subsidiaries are currently a party to any legal proceedings the outcome of which, we believe, if determined adversely to us, would individually or in the aggregate have a material adverse effect on our business, financial condition or results of operations.
The opening of Item 3, Legal Proceedings.5
Links
- Websiteporch.com1
- WikidataQ134298823
- SEC EDGARCIK 1784535
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataPorch Group on Wikidata
- 2SEC EDGARPorch Group filings on SEC EDGAR
- 3SEC EDGARPorch Group filings on SEC EDGAR
- 4
- 5
- 6SEC EDGARPorch Group 10-K for fiscal 2025
- 7SEC EDGARPorch Group 10-K for fiscal 2019
- 8SEC EDGARPorch Group 10-K for fiscal 2020
- 9SEC EDGARPorch Group 10-K for fiscal 2021
- 10SEC EDGARPorch Group 10-K for fiscal 2022
- 11SEC EDGARPorch Group 10-Q for fiscal 2026
- 12SEC EDGARPorch Group 10-Q for fiscal 2026
- 13SEC EDGARPorch Group 10-K for fiscal 2019
- 14
- 15
- 16SEC EDGARShawn Tabak, Chief financial officer
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- 19SEC EDGARSean Davis Kell, Board member
- 20SEC EDGARAmanda L. Reierson, Board member
- 21SEC EDGARCamilla Velasquez, Board member
- 22SEC EDGARMaurice Tulloch, Board member
- 23SEC EDGARRachel Lam, Board member
- 24SEC EDGARAlan R. Pickerill, Board member
- 25SEC EDGARAsha Sharma, Board member
- 26SEC EDGARJavier Saade, Board member
- 27SEC EDGARJoe F. Hanauer, Board member
- 28SEC EDGARRegi Vengalil, Board member
- 29SEC EDGARCourtney A. Robinson, Board member
- 30SEC EDGARJack Leeney, Board member
- 31SEC EDGARMargaret M. Whelan, Board member
- 32
- 33
- 34
- 35SEC EDGARShareholder vote
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- 40
- 41SEC EDGARExecutive or director change
- 42SEC EDGARShareholder vote
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- 45NasdaqNasdaq calendar
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