{"schema_version":"secwatch.filing_event.v1","accession":"0001784535-23-000015","form_type":"8-K","ticker":"PRCH","cik":"0001784535","company_name":"Porch Group, Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.224937+00:00","generated_at":"2026-06-12T02:31:24.734273+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Porch Group Q2 revenue up 39% to $98.8M but net loss widens to $87M on weather, impairments","bullets":["Revenue $98.8M (+39% YoY); Insurance segment $64.3M (+127%), Vertical Software $34.4M (-19%).","GAAP net loss $87.0M vs $27.3M loss; includes $55.2M goodwill impairment and $48.2M Vesttoo write-off.","Adjusted EBITDA loss $43.1M (vs $15.0M loss prior year) driven by $18M catastrophic weather loss in Insurance.","Insurance gross written premium $143M with ~358k policies; $358M unrestricted cash plus investments.","Reiterates second half 2023 Adjusted EBITDA profitability outlook despite headwinds."],"urls":{"canonical":"https://secwatch.observer/filing/0001784535-23-000015","json":"https://secwatch.observer/filing/0001784535-23-000015.json","markdown":"https://secwatch.observer/filing/0001784535-23-000015.md","text":"https://secwatch.observer/filing/0001784535-23-000015.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1784535/000178453523000015/0001784535-23-000015-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1784535/000178453523000015/prch-20230808x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:31:24.734273+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":[{"claim_id":"439ba50104553cab1132933d18bcb8144942168e","claim":"Porch Group, Inc. reported the quarter ended June 30, 2023 results: revenue $98.8 million, net income GAAP net loss of $87.0 million.","evidence_excerpt":"as Exhibit 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 Second Quarter 2023 Results ​ $99 Million Revenue, With Growth of 39% Year-Over-Year ​ Operating Results Impacted By Extreme Weather, Otherwise In Line with Management Expectations ​ ​ SEATTLE, August 8, 2023 – Porch","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1784535/000178453523000015/0001784535-23-000015-index.htm","confidence":0.97,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$98.8 million"},{"label":"Net income","value":"GAAP net loss of $87.0 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}