Porch Group, Inc. operates a software platform in the United States and Canada. The company operates through two segments, Vertical Software and Insurance. The Vertical Software segment provides software and services to home services companies and gives early access to homebuyers and homeowners. It offers services to home services companies, such as home inspectors, consumers, such as homebuyers and homeowners, service providers, such as moving, insurance, warranty, and security companies, and TV/Internet providers. This segment operates through Floify, HireAHelper, ISN, iRoofing, Palm-Tech, Porch.com, Rynoh, and V12 brands. The Insurance segment offers property related insurance policies through our own risk-bearing carrier and independent agency as well as risk-bearing home warranty company. This segment operates though American Home Protect, Elite Insurance Group, and Homeowners of America brands. In addition, the company provides property and casualty, home, auto, flood, and umbrella insurance products; and contractor services. The company was incorporated in 2011 and is headquartered in Seattle, Washington.
Revenue of Porch Group, Inc. (PRCH)
Revenue in 2023 (TTM): $430.3 M
According to Porch Group, Inc.'s latest financial reports the company's current revenue (TTM) is $430.3 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Porch Group, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $430.3 M | $210.06 M | $-64,619,000 | $-133,311,000 | $-133,933,000 |
| 2022 | $275.95 M | $168.37 M | $-85,043,000 | $-155,717,000 | $-156,559,000 |
| 2021 | $192.43 M | $137.15 M | $-67,251,000 | $-119,352,000 | $-109,079,000 |
| 2020 | $73.22 M | $55.65 M | $-33,364,000 | $-53,300,000 | $-51,609,000 |
| 2019 | $77.6 M | $56.1 M | $-81,145,000 | $-103,223,000 | $-103,319,000 |
| 2018 | $54.14 M | $38.8 M | $-43,796,000 | $-50,475,000 | $-49,917,000 |