---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-23-000046"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:49:15.934826+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q3 revenue $129.6M (+67% YoY), first positive Adj. EBITDA $8.8M; HOA released from TDI supervision

## Summary
- GAAP net loss narrowed to $5.7M from $84.5M YoY; Adj. EBITDA improved to +$8.8M from -$10.9M.
- Insurance segment revenue $95.2M (+195% YoY); gross loss ratio 39%, combined ratio 58%.
- Vertical Software revenue $34.3M (-24% YoY) due to mix shift; segment Adj. EBITDA margin 9%.
- HOA released from Texas Department of Insurance supervision after $57M investment for surplus note and Vesttoo fraud claims.
- Unrestricted cash plus investments $458.4M; $49M surplus note issued to HOA.

## SEC filing metadata
- accession: 0001784535-23-000046
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000046/0001784535-23-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000046/prch-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-23-000046
- JSON: https://secwatch.observer/filing/0001784535-23-000046.json
- Plain text: https://secwatch.observer/filing/0001784535-23-000046.txt

## Key facts
- Earnings Releases
  Porch Group, Inc. reported the quarter ended September 30, 2023 results: revenue $129.6 million, net income $(5.7) million.
  - Period: the quarter ended September 30, 2023
  - Revenue: $129.6 million
  - Net income: $(5.7) million
  - Result: reported results
  source text: software company reinventing the home services and insurance industries, today reported third quarter results for the Company as of September 30, 2023, with total revenue of $129.6 million, which increased 67% compared to the prior year, and Adjusted EBI TDA of $8.8 million, which increased $19.7 million compared to the prior year. GAAP net loss of $(5.7) million,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453523000046/0001784535-23-000046-index.htm

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