{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-003732","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2023-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.529145+00:00","generated_at":"2026-06-18T03:37:58.478276+00:00","sec_items":["4.02","7.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Porch Group restates Q1-Q3 2022 financials for reinsurance error; net loss revised","bullets":["Cost of revenue misstated due to quota share reinsurance accounting: Q1 understated $4.0M, Q2 understated $0.7M, Q3 overstated $0.3M.","Net loss restated: Q1 to ($9.3M) from ($5.8M), Q2 to ($27.3M) from ($26.4M), Q3 to ($84.5M) from ($86.4M).","Company will not amend quarterly 10-Qs; restated info included in 2022 10-K due March 16, 2023.","Also correcting immaterial errors in revenue, selling/marketing, interest expense, goodwill, and other items; cash unchanged.","Management will report ineffective internal control over financial reporting in the upcoming 2022 10-K."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-003732","json":"https://secwatch.observer/filing/0001558370-23-003732.json","markdown":"https://secwatch.observer/filing/0001558370-23-003732.md","text":"https://secwatch.observer/filing/0001558370-23-003732.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000155837023003732/0001558370-23-003732-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000155837023003732/prch-20230314x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T03:37:58.478276+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}