---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-24-000061"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T12:15:48.653292+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q1 revenue $115.4M (+32%), net loss improves to $13.4M, raises FY Adjusted EBITDA guidance

## Summary
- Revenue $115.4M (+32% YoY), driven by Insurance segment premium per policy increases.
- GAAP net loss $13.4M (improvement of $25.4M vs Q1 2023); Adjusted EBITDA loss $16.8M ($5.1M improvement).
- Insurance segment: 71% current accident year gross loss ratio, 97% gross combined ratio; $36M net catastrophic weather claims.
- Sold EIG insurance agency for ~$12M; repurchased $8M principal of 2026 notes for $3M cash.
- Raised full-year Adjusted EBITDA guidance; $413.2M cash and investments at March 31, 2024.

## SEC filing metadata
- accession: 0001784535-24-000061
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000061/0001784535-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000061/prch-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-24-000061
- JSON: https://secwatch.observer/filing/0001784535-24-000061.json
- Plain text: https://secwatch.observer/filing/0001784535-24-000061.txt

## Key facts
- Earnings Releases
  Porch Group, Inc. updated its first quarter ended March 31, 2024 guidance (raised).
  - Period: first quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 8, 2024, Porch Group, Inc. (the “Company”) issued an earnings release announcing financial results for its first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1784535/000178453524000061/0001784535-24-000061-index.htm

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