---
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"
generated_at: "2026-06-12T02:31:24.734273+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q2 revenue up 39% to $98.8M but net loss widens to $87M on weather, impairments

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-23-000015
- JSON: https://secwatch.observer/filing/0001784535-23-000015.json
- Plain text: https://secwatch.observer/filing/0001784535-23-000015.txt

## Key facts
- Earnings Releases
  Porch Group, Inc. reported the quarter ended June 30, 2023 results: revenue $98.8 million, net income GAAP net loss of $87.0 million.
  - Period: the quarter ended June 30, 2023
  - Revenue: $98.8 million
  - Net income: GAAP net loss of $87.0 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000015/0001784535-23-000015-index.htm

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