---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-012901"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:14:10.997614+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q2 rev $70.8M (+38% YoY), net loss $26.4M; terminates CSE deal, cuts FY22 guidance to ~$290M

## Summary
- Q2 revenue $70.8M (+38% YoY); GAAP net loss $26.4M vs $16.3M loss; Adj. EBITDA loss $14.3M (-20.2%).
- Mutual termination of $48.6M CSE Insurance acquisition; no breakup fees; year-end unrestricted cash +~$50M.
- Updated FY22 guidance: rev ~$290M (from ~$320M), adj. EBITDA loss >$30M; auto insurance removed.
- Insurance segment rev $28.0M, adj. EBITDA loss $5.1M; GWP $145M, 379k policies.
- Vertical Software rev $42.8M, adj. EBITDA $6.0M (14.1%); avg companies 28,730; cash $282M.

## SEC filing metadata
- accession: 0001558370-22-012901
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.02, 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000155837022012901/0001558370-22-012901-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000155837022012901/prch-20220809x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-012901
- JSON: https://secwatch.observer/filing/0001558370-22-012901.json
- Plain text: https://secwatch.observer/filing/0001558370-22-012901.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.