Board Change • May 21
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Camilla Velasquez was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annuncio • Apr 21
Porch Group, Inc., Annual General Meeting, Jun 10, 2026 Porch Group, Inc., Annual General Meeting, Jun 10, 2026. Annuncio • Apr 16
Porch Group, Inc. to Report Q1, 2026 Results on Apr 28, 2026 Porch Group, Inc. announced that they will report Q1, 2026 results After-Market on Apr 28, 2026 Annuncio • Feb 12
Porch Group, Inc. Provides Earnings Guidance for the Year 2026 Porch Group, Inc. provided earnings guidance for the year 2026. For the year, the company expects revenue of $475 million to $490 million against $419 million for the year 2025. Annuncio • Jan 27
Porch Group, Inc. to Report Q4, 2025 Results on Feb 11, 2026 Porch Group, Inc. announced that they will report Q4, 2025 results After-Market on Feb 11, 2026 Annuncio • Nov 06
Porch Group, Inc. Revises Earnings Guidance for Porch Shareholder Interest for Full Year 2025 Porch Group, Inc. revised earnings guidance for Porch Shareholder Interest for full year 2025. For the year, the company expects revenue to be $410 million to $420 million (Previously: $405 million to $425 million). Annuncio • Oct 21
Porch Group, Inc. to Report Q3, 2025 Results on Nov 05, 2025 Porch Group, Inc. announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Annuncio • Oct 14
Porch Group Expands Home Factors with New Roof and Electrical Insights to Strengthen Carrier Risk Models Porch Group announced the expansion of its Home Factors property intelligence platform. The latest release introduces several new and enhanced attributes, including electrical panel and sub-panel location, roof life stage segment, roof life stage segment, and updated plumbing material indicators. These additions bring the platform closer to its goal of offering over 100 property attributes, covering approximately 90% of U.S. homes. Home Factors provides interior and exterior attributes and condition data to help carriers improve underwriting, pricing, and risk selection. Collectively, these newly released attributes offer deeper visibility into critical home systems- supporting stronger risk models and more accurate decisioning. Electrical Panel Location: Offers insight into where a home's electrical systems are situated, helping carriers assess potential fire and maintenance risks. Roof Life Stage: Segments roofs by age and expected remaining lifespan, enabling more precise risk stratification. Plumbing Material Indicators: Flags the presence of PVC in inlet pipes and CPVC in outlet pipes, which can signal long-term durability or risk concerns. Annuncio • Aug 06
Porch Group, Inc. Revises Earnings Guidance for the Year 2025 Porch Group, Inc. revised earnings guidance for the year 2025. For the year, the company expects Revenue of $405 million to $425 million against previous guidance of $400 million to $420 million. Annuncio • Jul 22
Porch Group, Inc. to Report Q2, 2025 Results on Aug 05, 2025 Porch Group, Inc. announced that they will report Q2, 2025 results After-Market on Aug 05, 2025 Annuncio • Jul 02
Porch Group Releases Three New Home Factors Geared Towards Improving Property Risk Segmentation in Home Insurance Porch Group announced the launch of three new interior Home Factors related to signs of water intrusion in the home. These enhancements aim to improve risk segmentation and underwriting precision. The company plans to have over 100 such attributes available by the end of 2025. These insights enable insurers to gain a comprehensive understanding of 90% of properties across the United States. Home Factors is Porch’s next-generation property intelligence platform of unique data on both interior and exterior home conditions. Leveraging advanced AI-driven models, the platform transforms this data into actionable insights, empowering insurers to make more informed decisions, refine risk segmentation, and improve underwriting precision. The new home factors focus on one of the most critical areas of property damage. By identifying the presence of water damage in specific areas of the home, insurers can make more informed decisions about pricing, underwriting, and loss prevention. An analysis with third party carriers revealed that properties with water intrusion damage have more than 40% higher claims frequency. Annuncio • May 21
Porch Group, Inc. announced that it expects to receive $278.3 million in funding Porch Group, Inc. announced a private placement that it will issue 0.75% Convertible Senior Notes due 2026 for the gross proceeds of $144,300,000 and 9.00% Convertible Senior Unsecured Notes due 2030 of the Company for the gross proceeds of $134,000,000 for the aggregate gross proceeds of up to $278,300,000 on May 20, 2025. The transaction is expected to close on May 27, 2025. The 2030 Notes will be convertible into cash, shares of common stock of the Company or a combination thereof, at Porch's election, at an initial conversion price representing an approximately 60% premium to the volume weighted average price of Porch's common stock for the three trading days immediately following May 19, 2025. The 2030 Notes are also redeemable at the option of the Company on or after November 20, 2026, if the last reported sale price of Porch's common stock has been at least 20% higher than the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period. If Porch is able to exercise this redemption option on November 20, 2026, only three full semi-annual interest payments will have been paid prior to such redemption. The 2030 Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 9.00%, payable semi-annually in arrears on May 15 and November 15 of each year, beginning on November 15, 2025. The 2030 Notes will mature on May 15, 2030, unless earlier repurchased, redeemed or converted. Prior to the close of business on the business day immediately preceding February 15, 2030, the 2030 Notes will be convertible at the option of the holders only upon the satisfaction of certain conditions and during certain periods. The 2030 Notes will be issued in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended. Annuncio • May 07
Porch Group, Inc. Revises Earnings Guidance for the Year 2025 Porch Group, Inc. revised earnings guidance for the year 2025. For the year, the company expects Revenue of $400 million to $420 million against previous guidance of $390 million to $410 million. Annuncio • Apr 23
Porch Group, Inc. to Report Q1, 2025 Results on May 06, 2025 Porch Group, Inc. announced that they will report Q1, 2025 results After-Market on May 06, 2025 Annuncio • Apr 18
Porch Group, Inc., Annual General Meeting, Jun 11, 2025 Porch Group, Inc., Annual General Meeting, Jun 11, 2025. Annuncio • Mar 12
Porch Group, Inc Announces Management Appointments Porch Group, Inc. announced appointment of Eric Lemieur as Head of Insurance Sales & Distribution. Eric is a sales, strategy, and operations executive with deep expertise in both exclusive and independent agent distribution channels. His experience will be instrumental in driving the high-performing sales team and strengthening third-party agency relationships as Porch focuses on premium growth and distribution. Previously, Eric held sales leadership roles at Farmers Insurance and Foremost. The company also appointed Emmanuel Bellegarde as Head of Reinsurance. Emmanuel is a risk management professional with a demonstrated history of success in the reinsurance industry. His expertise will be pivotal in driving the reinsurance strategy, structuring placements, and securing optimal coverage with third-party reinsurance providers. Previously, Emmanuel has led North America Casualty Facultative reinsurance at McGill and Partners, and held reinsurance leadership roles at Aon Benfield, with additional insurance experience at Willis Towers Watson. Annuncio • Feb 26
Porch Group, Inc. Provides Guidance for Full Year 2025 Porch Group, Inc. provided guidance for full year 2025. The company expects revenue to be in the range of $390 million to $410 million. Annuncio • Feb 07
Porch Group, Inc. to Report Q4, 2024 Results on Feb 25, 2025 Porch Group, Inc. announced that they will report Q4, 2024 results After-Market on Feb 25, 2025 Annuncio • Jan 08
Porch Insurance Reciprocal Exchange agreed to acquire Homeowners of America Insurance Company from Porch Group, Inc. (NasdaqCM:PRCH) for approximately $47 million. Porch Insurance Reciprocal Exchange agreed to acquire Homeowners of America Insurance Company from Porch Group, Inc. (NasdaqCM:PRCH) for approximately $47 million on January 7, 2025. The transaction's final terms included an expected surplus of approximately $105 million for Homeowners of America Insurance Company as of December 31, 2024, adjusted by a $49 million surplus note and $9 million in outstanding interest expected to be paid in 2025. This brings the total surplus notes held by Porch Group, Inc. to about $106 million. Moving forward, all Homeowners of America Insurance Company assets, liabilities, and insurance policies will be owned by Porch Insurance Reciprocal Exchange.
Porch Insurance Reciprocal Exchange completed the acquisition of Homeowners of America Insurance Company from Porch Group, Inc. (NasdaqCM:PRCH) on January 7, 2025. Annuncio • Dec 19
Porch Group, Inc. Launches MovingPlace, a One-Stop Marketplace for Moving Services Porch Group, Inc. announced the launch of MovingPlace, a new marketplace helping consumers to manage their entire move. MovingPlace builds on Porch Group’s vision of helping make the home simple, from moving, maintenance, and protection. MovingPlace simplifies the moving process by helping consumers research, compare, and book the moving company that's best suited to their unique needs, all in a simple digital experience. This solution saves customers hours they've previously been spending calling multiple companies to compare quotes. In 2025, MovingPlace will expand to include other services customers need to build their perfect move, such as supplies, packing and storage. Eventually, MovingPlace will incorporate the rest of the moving services a homebuyer needs such as insurance, warranty, TV/internet, and security. New Risk • Nov 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-US$77m). Earnings are forecast to decline by an average of 11% per year for the foreseeable future. Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$74m net loss in 2 years). Shareholders have been diluted in the past year (2.4% increase in shares outstanding). New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Negative equity (-US$77m). Earnings are forecast to decline by an average of 7.7% per year for the foreseeable future. Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$73m net loss in 2 years). Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.14 (vs US$0.06 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.14 (up from US$0.06 loss in 3Q 2023). Revenue: US$111.2m (down 14% from 3Q 2023). Net income: US$14.4m (up US$20.1m from 3Q 2023). Profit margin: 13% (up from net loss in 3Q 2023). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Software industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 51% per year, which means it is significantly lagging earnings. Annuncio • Nov 08
Porch Group, Inc. Revises Earnings Guidance for the Full Year 2024 Porch Group, Inc. revised earnings guidance for the full year 2024. For the period, the company expects gross written premium to be in the range of $460 million to $470 million (Previously: $460 million to $480 million) and revenue to be in the range of $440 million and $455 million (Previously: $450 million to $470 million), growth of 2% to 6%. Annuncio • Oct 28
Porch Group, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Porch Group, Inc. announced that they will report Q3, 2024 results on Nov 07, 2024 New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-US$102m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$69m net loss in 2 years). Shareholders have been diluted in the past year (2.3% increase in shares outstanding). Reported Earnings • Aug 07
Second quarter 2024 earnings released: US$0.65 loss per share (vs US$0.91 loss in 2Q 2023) Second quarter 2024 results: US$0.65 loss per share (improved from US$0.91 loss in 2Q 2023). Revenue: US$110.8m (up 12% from 2Q 2023). Net loss: US$64.3m (loss narrowed 26% from 2Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Software industry in Germany. Annuncio • Aug 07
Porch Group, Inc. Updates Earnings Guidance for the Full Year 2024 Porch Group, Inc. updated earnings guidance for the full year 2024. For the period, the company expects gross written premium to be in the range of $460 million to $480 million (Unchanged) and revenue to be in the range of $450 million and $470 million, growth of 5% to 9%. Annuncio • Jul 25
Porch Group, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Porch Group, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Buy Or Sell Opportunity • May 13
Now 24% undervalued Over the last 90 days, the stock has risen 6.4% to €2.66. The fair value is estimated to be €3.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Earnings per share has grown by 3.0%. Revenue is forecast to grow by 17% in 2 years. Earnings are forecast to grow by 45% in the next 2 years. Annuncio • May 10
Porch Group, Inc. Revises Earnings Guidance for the Full Year 2024 Porch Group, Inc. revised earnings guidance for the full year 2024. For the period, the company expects gross written premium to be in the range of $460 million to $480 million (Unchanged) and revenue to be in the range of $450 million and $470 million, with growth of 5% to 9% (Previously: $450 million to $490 million). Reported Earnings • May 10
First quarter 2024 earnings released: US$0.14 loss per share (vs US$0.41 loss in 1Q 2023) First quarter 2024 results: US$0.14 loss per share (improved from US$0.41 loss in 1Q 2023). Revenue: US$115.4m (up 32% from 1Q 2023). Net loss: US$13.4m (loss narrowed 66% from 1Q 2023). Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Software industry in Germany. New Risk • Apr 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-US$36m). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (US$59m net loss in 3 years). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Breakeven Date Change • Mar 13
No longer forecast to breakeven The 7 analysts covering Porch Group no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of US$54.2m in 2026. New consensus forecast suggests the company will make a loss of US$58.8m in 2026. Reported Earnings • Mar 08
Full year 2023 earnings released: US$1.39 loss per share (vs US$1.61 loss in FY 2022) Full year 2023 results: US$1.39 loss per share (improved from US$1.61 loss in FY 2022). Revenue: US$430.3m (up 56% from FY 2022). Net loss: US$133.9m (loss narrowed 14% from FY 2022). Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Software industry in Germany. Annuncio • Feb 13
Porch Group, Inc. to Report Q4, 2023 Results on Mar 07, 2024 Porch Group, Inc. announced that they will report Q4, 2023 results After-Market on Mar 07, 2024 Annuncio • Jan 10
Porch Group, Inc. Launches New Product in the Rynoh Title Platform Porch Group, Inc. announced the release of RynohVerifi, a new fraud warning product for title and escrow companies who want to help protect against fraud. Rynoh, which was acquired by Porch in 2021, is a leading provider of SaaS solutions for title and escrow agents. Rynoh’s clients conduct real estate closing by collecting funds from homebuyers and lenders and disbursing funds to sellers, brokers, tax authorities and other stakeholders. The Rynoh software sits between the agent’s transaction system and their bank and helps them manage the flow of money into and out of their escrow accounts. The title and escrow industry is highly complex and regulated. In many cases, title agencies receive and disburse millions of dollars of funds daily. Therefore, Rynoh is a critical part of their monetary control environment. In 2021, more than 30% of all US residential purchases and home refinances were protected by Rynoh software. Now this number is closer to 40%. Rynoh’s newest product, RynohVerifi, is designed to help protect against payment fraud. It confirms the payee account ownership and alerts clients to any anomalies with the account details which could suggest fraudulent interference, such as compromised business emails or email impersonation. Reported Earnings • Nov 09
Third quarter 2023 earnings released: US$0.06 loss per share (vs US$0.88 loss in 3Q 2022) Third quarter 2023 results: US$0.06 loss per share (improved from US$0.88 loss in 3Q 2022). Revenue: US$129.6m (up 72% from 3Q 2022). Net loss: US$5.74m (loss narrowed 93% from 3Q 2022). Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Software industry in Germany. Annuncio • Nov 09
Porch Group, Inc. Increases Earnings Guidance for the Year 2023 Porch Group, Inc. increased earnings guidance for the year 2023. The company revised its revenue outlook for the year of $415 million ~50% YoY growth (previously: ~$330 million to $350 million). Annuncio • Nov 02
Porch Group, Inc. to Report Q3, 2023 Results on Nov 07, 2023 Porch Group, Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023 Annuncio • Oct 05
Porch Group, Inc. Receives A Letter from Nasdaq Regarding Bid Price Requirement On September 27, 2023, Porch Group, Inc. (the ‘Company’) received a letter (the ‘Bid Price Deficiency Notice’) from the listing qualifications department of The Nasdaq Stock Market LLC (‘Nasdaq’) indicating that the Company is not in compliance with Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the ‘Bid Price Requirement’). The Company was not in compliance with the Bid Price Requirement because the closing bid price for the Company's common stock was below $1.00 per share for the previous 30 consecutive trading days. The Bid Price Deficiency Notice has no immediate effect on the listing of the Company's common stock, and the Company's common stock continues to trade on Nasdaq under the symbol PRCH.’ In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has 180 calendar days from the date of the Bid Price Deficiency Notice, or until March 25, 2024, to regain compliance with respect to the Bid Price Requirement. The Bid Price Deficiency Notice states that to regain compliance with the Bid Price Requirement, the closing bid price of the Company's common stock must meet or exceed $1.00 per share for a minimum of ten consecutive trading days during the compliance period ending March 25, 2024. The Company intends to actively monitor the closing bid price of the Company's common stock between now and March 25, 2024 and may, if appropriate, evaluate available options to resolve the deficiency and regain compliance with the Bid Price Requirement. While the Company is exercising diligent efforts to maintain the listing of its common stock on Nasdaq, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing standards. If the Company fails to regain compliance with the Bid Price Requirement by March 25, 2024, the Company may be eligible for an additional 180-day compliance period to demonstrate compliance with the Bid Price Requirement. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq, with the exception of the Bid Price Requirement, and will need to provide written notice to Nasdaq of its intention to cure the deficiency during the second compliance period by effecting a reverse stock split, if necessary. If the Company does not qualify for the second compliance period or fails to regain compliance with the Bid Price Requirement during the second 180-day period, Nasdaq will notify the Company of its determination to delist its common stock, at which point the Company may have an opportunity to appeal the delisting determination to a Hearings Panel. Recent Insider Transactions • Oct 02
Founder recently bought €55k worth of stock On the 28th of September, Matthew Ehrlichman bought around 69k shares on-market at roughly €0.80 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of €2.0m worth in shares. Recent Insider Transactions • Sep 12
Founder recently bought €437k worth of stock On the 8th of September, Matthew Ehrlichman bought around 594k shares on-market at roughly €0.74 per share. This transaction amounted to 3.5% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Matthew has been a buyer over the last 12 months, purchasing a net total of €2.3m worth in shares. New Risk • Aug 09
New major risk - Negative shareholders equity The company has negative equity. Total equity: -US$37m This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Negative equity (-US$37m). Minor Risk Currently unprofitable and not forecast to become profitable over next 2 years (US$81m net loss in 2 years). Reported Earnings • Aug 09
Second quarter 2023 earnings released: US$0.91 loss per share (vs US$0.27 loss in 2Q 2022) Second quarter 2023 results: US$0.91 loss per share (further deteriorated from US$0.27 loss in 2Q 2022). Revenue: US$98.8m (up 40% from 2Q 2022). Net loss: US$87.0m (loss widened 230% from 2Q 2022). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Software industry in Germany. Board Change • Jul 26
High number of new and inexperienced directors There are 8 new directors who have joined the board in the last 3 years. The company's board is composed of: 8 new directors. No experienced directors. No highly experienced directors. Independent Director Regi Vengalil is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.