| Market Capitalization (Millions $) |
2,051 |
| Shares
Outstanding (Millions) |
121 |
| Employees |
803 |
| Revenues (TTM) (Millions $) |
520 |
| Net Income (TTM) (Millions $) |
-9 |
| Cash Flow (TTM) (Millions $) |
-9 |
| Capital Exp. (TTM) (Millions $) |
11 |
Business Description
Porch is a home vertical software platform that provides software and services to over 24,000 home service firms, including house inspectors, mortgage companies and loan officers, title companies, moving companies, real estate agencies, utility providers, roofers, and others. Porch assists these service providers in expanding their businesses and improving the client experience. Porch also helps purchasers save time and make smarter decisions on important services such as insurance, warranties, moving, security, TV/Internet, and home maintenance and improvement. Porch can provide its own product to customers for some services like as insurance and warranty.
Porch has two reportable segments: the Vertical Software segment and the Insurance segment.
Porch's Vertical Software segment provides software and services to home services companies and, through these relationships, earns SaaS fees and gains unique and early access to homebuyers and homeowners. This early access allows Porch to assist homebuyers and homeowners with critical services such as moving, and, in turn, Porch's platform drives demand for other services from such companies as part of our value proposition. The Vertical Software segment has three types of customers: (1) home services companies, such as home inspectors, for whom Porch provides software and services to help them make their businesses run more efficiently and grow; (2) consumers, such as homebuyers and homeowners, whom Porch assists with the comparison and provision of various critical home services, such as moving, security, TV/Internet, and home repair and improvement; and (3) service providers, such as moving companies, insurance companies, warranty companies, security companies and TV/Internet providers, who pay Porch for new customer sign-ups.
Our Insurance segment offers various property-related insurance policies through our own risk-bearing carrier and independent agency as well as a risk-bearing home warranty company. Third-party insurance companies pay Porch's agency upfront and renewal commissions for selling their policies, reinsurers pay Porch ceding commissions when we cede premiums from our owned insurance products, and we earn revenues in the form of policy premiums collected from insureds from our owned insurance products. The Insurance segment also includes home warranty revenue which mainly consists of premiums paid by warranty customers for Porch's home warranty products.
Company Address: 411 1st Avenue S. Zagreb 98104 City of Zagreb
Company Phone Number: 767-2400 Stock Exchange / Ticker: NASDAQ PRCH
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5.98% 
78.72 %