Porch Group Inc
NASDAQ:PRCH

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Porch Group Inc
NASDAQ:PRCH
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Price: 5.94 USD 6.45% Market Closed
Market Cap: 589.2m USD

Porch Group Inc
Investor Relations

Porch Group, Inc. engages in the development and operation of a vertical software platform. The company is headquartered in Seattle, Washington and currently employs 1,700 full-time employees. The company went IPO on 2019-11-26. The firm provides software and services to several home service industries, including home inspectors, moving companies, utility companies, home insurance, warranty companies, and others. Porch offers a Moving Concierge service that home services companies can provide to their end customers in order to improve the moving and home improvement experience. The company also offers home service companies to grow their business through new customer acquisition. The firm offers a range of services to homebuyers, including insurance, moving, security, television or Internet, home repair and improvement, and more. The firm operates under a number of brands, such as Inspection Support LLC (ISN), Porch’s enterprise resource planning (ERP) and customer relationship management (CRM) software, HireAHelper, where it provides software and demand for moving companies.

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Earnings Calls

2024 Q4
Feb 25, 2025
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Porch Group shows strong financial momentum with increased guidance for 2025
2024 Q4
Feb 25, 2025

Porch Group delivered impressive Q4 2024 results, achieving $42 million in adjusted EBITDA and $7 million for the full year. They've raised their 2025 guidance to $60 million EBITDA and $400 million revenue. The shift to a commission-based model promises 80% gross margins. Notably, new business premiums grew 50% in Q4, with continued momentum into 2025. The completion of the Porch Insurance Reciprocal Exchange enhances margin predictability. With strategic investments planned, Porch aims for $500 million in gross written premiums for 2025, projecting increased profitability while navigating a flat housing market.

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Management

Mr. Matthew Ehrlichman
Founder, Chairman & CEO
No Bio Available
Mr. Shawn Tabak CPA
Chief Financial Officer
No Bio Available
Mr. Matthew Neagle
Chief Operating Officer
No Bio Available
Mr. Ronnie Castro
Co-Founder & VP of Homeowner Operations
No Bio Available
Nicole Pelley
Senior Vice President of Product & Technology
No Bio Available
Lois Perkins
Head of Investor Relations
No Bio Available
Mr. Matthew Cullen
General Counsel & Secretary
No Bio Available
Ms. Janet Zimmermann
Vice President of People
No Bio Available
Mr. Adam Kornick
President of InsurTech Division
No Bio Available
Mr. Andrew Beck
Head of Contractor Tools SaaS
No Bio Available

Contacts

Address
WASHINGTON
Seattle
2200 1St Avenue S.
Contacts
+12069472472.0
porchgroup.com