---
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"
generated_at: "2026-06-18T03:37:58.478276+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Porch Group restates Q1-Q3 2022 financials for reinsurance error; net loss revised

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-003732
- JSON: https://secwatch.observer/filing/0001558370-23-003732.json
- Plain text: https://secwatch.observer/filing/0001558370-23-003732.txt

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