---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-016882"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T04:16:32.671225+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q3 revenue $75.4M (+20% YoY); net loss $86.4M; cuts 2022 guidance

## Summary
- GAAP net loss $86.4M includes $57.1M goodwill impairment vs $5.1M loss a year ago.
- Adjusted EBITDA loss $13.0M (-17.2% of revenue) vs $0.9M profit in Q3 2021.
- 2022 revenue guidance lowered to ~$275M from ~$290M; adj. EBITDA now ~-17% vs prior ~-10%.
- Insurance revenue $30.9M with $157M gross written premium; cost of revenue hurt by Hurricane Ian.
- Board authorized up to $15M repurchase of common stock or convertible notes through June 30, 2023.

## SEC filing metadata
- accession: 0001558370-22-016882
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000155837022016882/0001558370-22-016882-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000155837022016882/prch-20221108x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-016882
- JSON: https://secwatch.observer/filing/0001558370-22-016882.json
- Plain text: https://secwatch.observer/filing/0001558370-22-016882.txt

## Key facts
- Earnings Releases
  Porch Group, Inc. reported quarter ended September 30, 2022 results: revenue $75.4 million, net income $86.4 million net loss.
  - Period: quarter ended September 30, 2022
  - Revenue: $75.4 million
  - Net income: $86.4 million net loss
  - Result: reported results
  source text: 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. ​ --- EX-99.1 (EX-99.1) --- ​ Porch Group Reports Third Quarter 2022 Results ​ - Reports $75.4 Million of Revenue, up 20% Year-Over-Year ​ - Announces Authorization of Up to $15 Million Repurchase Program ​ - Provides Updated 2022 Guidance; Reflecting Weather and Housing Market
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784535/000155837022016882/0001558370-22-016882-index.htm

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