Quarterly ResultApr 28, 2026, 05:07 PM
PRCH Q1 Revenue +15.6% to $121.1M; Net Loss Attributable to Porch
AI Summary
Porch Group, Inc. reported a 15.6% increase in Q1 2026 revenue to $121.1 million, with gross profit rising 38.8% to $90.8 million and operating income turning positive at $11.8 million from a loss in the prior year. Despite these operational improvements, the company recorded a net loss attributable to Porch shareholders of $4.7 million, or $(0.04) per share, compared to a net income of $8.4 million in Q1 2025. Cash flow from operating activities significantly improved, turning positive at $13.0 million from a negative $11.2 million in the previous year.
Key Highlights
- Q1 2026 Revenue increased 15.6% to $121.1 million.
- Gross profit rose 38.8% to $90.8 million.
- Operating income was $11.8 million, up from a $1.3 million loss YoY.
- Net loss attributable to Porch was $4.7 million, or $(0.04) per share.
- Net cash from operating activities was $13.0 million, up from $(11.2) million YoY.
- Insurance Services revenue was $74.7 million.
- Software & Data revenue reached $21.9 million.
- Repurchased $2.5 million of common stock.