PRCH Porch Group, Inc.

Overview and Growth

Porch Group, Inc. generated $482.41M of revenue in fiscal 2025, with net loss of $3.36M and an operating cash inflow of $66.42M. At $482.41M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 10.2% above fiscal 2024 revenue of $437.85M, marking a year-over-year increase. The company reported diluted EPS of -$0.03, adding a shareholder-level measure to the absolute income figures considered below. Revenue equaled 0.6x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The first profit layer was $339.99M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. Gross profit represented 70.5% of revenue, showing how much of the top line remained after direct costs. Operating income was $36.57M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 7.6%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was a net loss of $3.36M after operating, financing, tax, and other recognized items. The net loss equaled 0.7% of revenue, showing the bottom-line deficit relative to the company’s sales base. The earnings statement records $26.73M of pretax income, the profit base against which the reported tax provision can be assessed. The pretax margin was 5.5%, relating income before taxes directly to revenue. Income tax expense totaled $11.42M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 42.7% of pretax income, showing the tax burden absorbed by the year’s earnings. Relative to period-end equity, the net loss represented 15.0%. The net loss equaled 0.4% of period-end assets, showing the deficit relative to the asset base.

Liquidity and Capital Structure

The company held $797.42M of assets against $775.04M of liabilities and $22.39M of equity, revealing how the asset base was financed. Current assets were $88.21M against $67.78M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 1.3x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $44.68M, identifying the most liquid reported component available within the broader current-asset balance. The cash balance equaled 65.9% of current liabilities, showing how much near-term coverage came from cash alone. Borrowings totaled $392.83M, adding a fixed financing obligation alongside the company’s equity capital. Debt equaled 17.55x of book equity, describing the relative scale of borrowing and shareholder capital. Relative to total assets, debt measured 49.3%, showing how much of the asset base was matched by borrowing. Relative to total assets, liabilities measured 97.2%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 5.6%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 2.0% from $813.97M in fiscal 2024, leaving current total assets lower year over year.

Cash Flow and Earnings Quality

The company reported $66.42M of operating cash flow, a cash inflow that shows the cash generated by operations. The cash-flow statement records $454.00K of capital expenditures, the investment amount considered after operating cash generation. Capital expenditures represented 0.7% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $65.97M, leaving a positive amount after capital expenditures. The free-cash-flow margin was 13.7%, measuring cash remaining after capital spending against revenue. Measured against total assets, free cash flow represented 8.3%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.