Porch Group ( (PRCH) ) has provided an announcement.
Porch Group reported its financial results for the fourth quarter of 2024, showing a net income of $30.5 million and an adjusted EBITDA of $41.8 million, marking significant improvements from the previous year. The company achieved a pivotal shift towards sustainable profitable growth, with operational highlights including the formation of the Porch Insurance Reciprocal Exchange and a strong increase in new business premiums, indicating a positive outlook for 2025.
More about Porch Group
Porch Group, Inc. is a homeowners insurance and vertical software platform company. It focuses on providing software solutions and insurance services, with a market emphasis on simplifying and enhancing the homeowner experience.
YTD Price Performance: -20.61%
Average Trading Volume: 1,797,348
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $401.8M
Learn more about PRCH stock on TipRanks’ Stock Analysis page.