Porch Group Inc
NASDAQ:PRCH
Porch Group Inc
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.
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.
Big Profit Growth: Adjusted EBITDA hit $77 million for 2025, up 11x from last year, with strong cash flow of $65 million.
Premium Momentum: Reciprocal written premium (RWP) reached $126 million in Q4, helped by more agencies and nearly tripled quote volumes.
Guidance Raised: Management raised 2026 guidance, targeting $600 million in organic RWP (25% growth) and $98–$105 million in adjusted EBITDA.
Margin Strength: Gross margin remained high at 81% in Q4, with industry-leading low loss ratios (full-year gross loss ratio 27%).
Insurance Product Launch: Porch Insurance launched statewide in Texas, offering unique features and higher commissions for agents.
Surplus Buffer: Statutory surplus at the reciprocal grew to $155 million, up $49 million, providing ample capacity for premium growth.
Operating Leverage: RWP to adjusted EBITDA conversion rate reached 23% in Q4, with expectations for further margin improvement in 2026.
Housing Market Headwind Offset: Despite weak U.S. housing activity, Insurance Services growth has more than offset market softness.
