---
schema_version: "secwatch.filing_event.v1"
accession: "0001784535-25-000046"
form_type: "8-K"
ticker: "PRCH"
cik: "0001784535"
company_name: "Porch Group, Inc."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T13:18:12.165508+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Porch Group Q1 beats, raises full-year guidance; Adj. EBITDA $16.9M (up $33.6M YoY)

## Summary
- 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.

## SEC filing metadata
- accession: 0001784535-25-000046
- form_type: 8-K
- ticker: PRCH
- cik: 0001784535
- company_name: Porch Group, Inc.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1784535/000178453525000046/0001784535-25-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1784535/000178453525000046/prch-20250506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001784535-25-000046
- JSON: https://secwatch.observer/filing/0001784535-25-000046.json
- Plain text: https://secwatch.observer/filing/0001784535-25-000046.txt

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