earnings
confidence high
sentiment positive
materiality 0.85
Porch Group Q1 beats, raises full-year guidance; Adj. EBITDA $16.9M (up $33.6M YoY)
Porch Group, Inc.
2025-Q1 EPS reported
$0.07
revenue$104,745,000
- Porch Shareholder Interest Q1 revenue $84.5M, net income $8.4M, Adj. EBITDA $16.9M vs -$16.8M a year ago.
- Gross profit $69.1M, up 86% YoY; gross margin 82%.
- Raised FY2025 guidance: revenue $400-420M (prev $390-410M), Adj. EBITDA $60-70M (prev $55-65M).
- Sold HOA carrier to Reciprocal; holds $106M surplus notes at SOFR+9.75%; Reciprocal surplus $198M.
- Porch Shareholder cash+investments $113.8M; convertible debt $507.1M outstanding.