Quarterly ResultApr 28, 2026, 04:13 PM
PRCH Q1 Revenue $109.4M (+29% YoY); Raises FY26 Guidance
AI Summary
Porch Group reported strong first-quarter 2026 results, with Porch Shareholder Interest revenue reaching $109.4 million, a 29% year-over-year increase, and consolidated revenue of $121.1 million, up 16% YoY. The company achieved an Adjusted EBITDA of $19.7 million, while net loss attributable to Porch was $(4.7) million. Following these results, Porch Group raised its full-year 2026 financial guidance for revenue, gross profit, and Adjusted EBITDA, citing strong operational momentum, particularly in its Insurance Services segment.
Key Highlights
- Porch Shareholder Interest revenue grew 29% YoY to $109.4 million; consolidated revenue rose 16% YoY to $121.1 million.
- Net loss attributable to Porch was $(4.7) million; Adjusted EBITDA reached $19.7 million.
- Insurance Services revenue increased 50% YoY to $74.7 million; Reciprocal Policies Written grew 33% YoY.
- Raised full-year 2026 revenue guidance to $495M-$507M and Adjusted EBITDA to $103M-$109M.
- Porch Shareholder Interest cash flow from operations was $19.8 million.
- Repurchased 0.3 million common shares for $2.5 million at an average of $7.48 per share.
- Total cash, cash equivalents, and investments for Porch Shareholder Interest increased to $134.1 million.