Porch Group, Inc. (PRCH)
NASDAQ:PRCH
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.03Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive view: strong, above-expectation Q1 results driven by Insurance Services (50% revenue growth), meaningful expansion in distribution and conversion (agency branches +181%, quote volume +69%, conversion nearly doubled), raised full-year revenue and EBITDA guidance, and improved capital/reserve economics (statutory surplus +59% and ~20% lower excess reinsurance costs). Offsetting items include flat Software & Data revenue due to cyclical housing weakness, Consumer Services at breakeven, a decline in average premium per policy from mix shift, and the normal seasonal weather risk in Q2. Overall the company demonstrated durable underwriting performance, expanding margins in the core insurance engine, and a plan to scale profitably—positives materially outweigh the cyclical and mix-related headwinds.Company Guidance
Strong Top-Line and Profitability Results
Q1 Porch shareholder interest revenue of $109M, up 29% year-over-year; Q1 gross profit $91M with an 83% gross margin; Q1 adjusted EBITDA $20M (18% margin).
Insurance Services Outperformance
Insurance Services revenue of $75M, up 50% year-over-year; segment gross profit $64M with an 85% gross margin; Insurance Services adjusted EBITDA $27M representing a 37% margin.
Reciprocal Written Premium and Policy Growth
Reciprocal written premium (RWP) of $114M, up 18% year-over-year; total reciprocal policies written nearly 48,000, up 33% year-over-year; RWP from new customers ~3x higher versus prior year.
Distribution and Funnel Expansion
Producing agency branch locations increased 181% year-over-year; quote volumes grew 69% year-over-year; quote-to-bind conversion rates nearly doubled year-over-year, with only a ~5% decline in premium per new customer.
Stronger Capital Position and Lower Reinsurance Costs
Q1 statutory surplus $165M, up 59% year-over-year (increase of ~$61M YoY); surplus supports north of $800M in premiums (and >$1.25B when including ~+$100M non-admitted assets); excess-of-loss reinsurance costs declined ~20% on renewal.
Raised Full-Year Financial Guidance
Raised 2026 Porch shareholder interest guidance: revenue to $495M–$507M (20% YoY growth at midpoint, +400bps vs prior), gross profit to $401M–$413M (81% margin at midpoint), and adjusted EBITDA to $103M–$109M (21% margin at midpoint). RWP target remains $600M (25% YoY).
Cash, Liquidity and Share Repurchase Activity
Porch shareholder interest cash + investments of $134M (up $13M QoQ); Porch shareholder interest operating cash flow $20M in Q1; repurchased 334,000 shares for $2.5M (avg $7.48) completing the authorized buyback under indenture constraints.
Underwriting Excellence
Industry-leading underwriting metrics: Q1 gross loss ratio 24%, attritional loss ratio 19%; Reciprocal among top-quartile peers and top performers nationally and in Texas on combined ratios; consistent top-tier loss ratios historically.
Data and AI Competitive Advantages
Proprietary data asset covering ~90% of U.S. residential properties and early insight into ~90% of homebuyers monthly; active AI deployment improving engineering velocity, customer support, inspection and title workflows—positioned as a net benefit to the business.
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 |
|---|---|---|---|
Apr 28, 2026 | $8.59 | $10.13 | +17.93% |
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% |
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, Inc. (PRCH) report earnings?
Porch Group, Inc. (PRCH) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Porch Group, Inc. (PRCH) earnings time?
Porch Group, Inc. (PRCH) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is PRCH EPS forecast?
PRCH EPS forecast for the fiscal quarter 2026 (Q2) is -0.03.