Porch Group, Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $482.4M | $437.8M | $430.3M | $275.9M | $192.4M | $72.3M | $77.6M |
| Cost of Revenue | — | $142.4M | $235.9M | $229.4M | $107.6M | $58.7M | $17.6M | $21.5M |
| Gross Profit | — | $340.0M | $201.9M | $200.9M | $168.4M | $133.7M | $54.7M | $56.1M |
| Gross Margin | — | 70.5% | 46.1% | 46.7% | 61.0% | 69.5% | 75.7% | 72.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $105.2M | $95.2M | $101.1M | $109.8M | $84.7M | $28.2M | $52.0M |
| Operating Income | — | $36.6M | $-64.6M | $-190.4M | $-177.0M | $-83.4M | $-42.2M | $-88.1M |
| Operating Margin | — | 7.6% | -14.7% | -44.2% | -64.2% | -43.3% | -58.4% | -113.6% |
| Interest Expense | — | $52.3M | $43.1M | $31.8M | $8.7M | $5.8M | $14.7M | $7.1M |
| Pretax Income | — | $26.7M | $-30.7M | $-133.3M | $-155.7M | $-116.9M | $-55.7M | $-103.2M |
| Income Tax Expense | — | $11.4M | $2.1M | $622.0K | $842.0K | $-10.3M | $-1.7M | $96.0K |
| Net Income | — | $-3.4M | $-32.8M | $-133.9M | $-156.6M | $-106.6M | $-54.0M | $-103.3M |
| Net Margin | — | -0.7% | -7.5% | -31.1% | -56.7% | -55.4% | -74.7% | -133.2% |
| EPS (Basic) | — | $-0.03 | $-0.33 | $-1.39 | $-1.61 | $-1.14 | $-0.65 | $-1.10 |
| EPS (Diluted) | — | $-0.03 | $-0.33 | $-1.39 | $-1.61 | $-1.14 | $-0.68 | $-1.10 |
| Shares Outstanding (Basic) | 124.5M | 103.7M | 99.6M | 96.1M | 97.4M | 93.9M | 109.0M | 93.5M |
| Shares Outstanding (Diluted) | 124.5M | 103.7M | 99.6M | 96.1M | 97.4M | 93.9M | 109.1M | 93.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |