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Porch Group (PRCH)
NASDAQ:PRCH
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
0.08Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial story: significant improvement in profitability (11x adjusted EBITDA growth), strong Q4 results, meaningful build in reciprocal statutory surplus, top-of-funnel and distribution momentum, and the strategic rollout of Porch Insurance. These positives are balanced by macro housing softness that limits cyclical upside, a one-time software cost that compressed software gross margin, some near-term cash timing/interest headwinds, and execution risk in scaling conversion and agency penetration. On balance, the highlights materially outweigh the lowlights.Company Guidance
Transformational Profitability and Cash Generation
Full-year 2025 adjusted EBITDA of ~$77M, an 11x increase versus 2024, with an adjusted EBITDA margin of ~18% and strong cash generation: ~$65.4M cash flow from operations (≈85% conversion of adjusted EBITDA).
Strong Q4 Operating Results
Q4 2025: Reciprocal written premium (RWP) of ~$125.7M, Porch shareholder interest revenue of $112.3M, gross profit $91.4M (81% gross margin), and Q4 adjusted EBITDA of ~$23.5M (≈21% margin).
Material Capital Build at the Reciprocal
Reciprocal combined capital (statutory surplus + non-admitted assets) ended 2025 at ~$289M; statutory surplus was $155M, up ~$49M year-over-year (+47%), providing capacity to support substantially more premium (company estimates ~5:1 premium-to-statutory-surplus supports ~$780M and the broader capital base could support ~$1.5B).
Top-of-Funnel and Distribution Momentum
Number of active agencies more than doubled year-over-year and grew >30% sequentially; quote volumes were nearly 3x year-over-year and +9% sequentially; policies written in Q4 ~49,000; RWP per policy ~$2,569; new business premiums: November +61% and December +104% vs. Jan–Oct 2025 monthly average.
Product Launch — Porch Insurance (Texas)
Porch Insurance went live for all Texas agents in Jan 2026, offering a higher-end homeowners product (includes full home warranty, moving services, etc.), a 10% surplus contribution from customers, and higher agent economics to improve conversion and lifetime value.
Best-in-class Underwriting Metrics
Reciprocal full-year gross loss ratio of 27% and an attritional loss ratio of ~17%, described as industry-leading and enabling incremental margin that flows to surplus and Porch Group economics.
2026 Guidance and Ambitious Growth Path
Company targets organic RWP of $600M for 2026 (implied +25% YoY), revenue guidance of $475M–$490M (+13%–17%), gross margin 81%–82%, gross profit $385M–$400M, and adjusted EBITDA $98M–$105M (≈21% margin), with a medium-term ambition toward ~$3B RWP and $660M adjusted EBITDA.
PRCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PRCH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $7.59 | $8.54 | +12.52% |
Nov 05, 2025 | $15.96 | $10.63 | -33.40% |
Aug 05, 2025 | $13.16 | $16.04 | +21.88% |
May 06, 2025 | $6.34 | $10.65 | +67.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Porch Group (PRCH) report earnings?
Porch Group (PRCH) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Porch Group (PRCH) earnings time?
Porch Group (PRCH) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRCH EPS forecast?
PRCH EPS forecast for the fiscal quarter 2026 (Q1) is -0.06.