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Porch Group Inc   (PRCH)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $3.4600 $0.12 3.593%
Day's High: $3.465 Week Perf: 25.82 %
Day's Low: $ 3.21 30 Day Perf: 47.23 %
Volume (M): 1,674 52 Wk High: $ 3.66
Volume (M$): $ 5,793 52 Wk Avg: $1.49
Open: $3.37 52 Wk Low: $0.50



 Market Capitalization (Millions $) 333
 Shares Outstanding (Millions) 96
 Employees 1,700
 Revenues (TTM) (Millions $) 383
 Net Income (TTM) (Millions $) -169
 Cash Flow (TTM) (Millions $) 181
 Capital Exp. (TTM) (Millions $) 8

Porch Group Inc
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. Seattle 98104 WA
   Company Phone Number: 767-2400   Stock Exchange / Ticker: NASDAQ PRCH
   PRCH is expected to report next financial results on March 07, 2024.


Customers Net Income grew by PRCH's Customers Net Profit Margin grew to

33.68 %

21.54 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADBE        1.86% 
CRM        5.49% 
CXM        5.5% 
HUBS        4.42% 
ORCL        2.53% 
PTC        3.35% 
• View Complete Report
   



Contract

Porch Group Secures $25M In Strategic Business Agreement with Aon; Reveals 71.9% Revenue Increase Despite Income Loss

Published Thu, Jan 25 2024 9:05 PM UTC

SEATTLE - Porch Group, Inc., a pioneer in home services industry offering vertical software solutions, recently secured $25 million as part of a business collaboration deal with Aon Corp. and Aon Re, Inc. There's an expectation of a further $5 million to be received over the subsequent four years. The new agreement will extend various services to Porch Group's subsidiaries, ...

Product Service News

The Grand Migration Standstill: How America's Dormant Year Impacted Porch Group's Marketable Success

Published Tue, Jan 9 2024 7:37 PM UTC

In an extraordinary turn of events, HireAHelper, an online moving marketplace and part of Porch Group (NASDAQ: PRCH), reports that 2023 witnessed the fewest number of moves countrywide since the 1940s. This revelation emerged in the findings of its sixth annual U.S migration study, an extensive analysis of over 75,000 moving jobs booked in the United States in 2023.This movi...

Product Service News

Porch Group Paves the Way in Utilities Innovation while Securing Stability in Insurance Services, Earning Exceptional Ratings from Industry Experts

Published Wed, Jan 3 2024 9:05 PM UTC

Porch Group Expands Partnerships in Utilities Channel and Achieves Exceptional Financial Stability Rating for its Insurance Carrier, HOASEATTLE - Porch Group, Inc. (NASDAQ: PRCH), a leading vertical software company redefining the home services and insurance industries, has recently made significant strides in its utility concierge channel through new partnerships. In additi...

Product Service News

Porch Group Inc.: Reinventing Home Service Warranty with Profitable Growth and Notable Revenue Increases

Published Tue, Dec 5 2023 9:42 PM UTC



Porch Group Inc., a leading vertical software company revolutionizing the home services and insurance sectors, has recently announced new partnerships and innovative products in its warranty division. The company's warranty business, known as Porch Warranty, has seen profitable growth over the past two years and now offers its products in 49 states. This expansion ...

Business Update

Porch Group's ESG Report Showcases Impressive Revenue Growth and Resilient Corporate Clients: Unlocking the Secrets to Sustainable Success

Published Thu, Nov 30 2023 9:01 PM UTC



Porch Group, Inc. (Porch), a leading vertical software company revolutionizing the home services and insurance industries, has recently released its inaugural Environmental, Social and Governance (ESG) report. This comprehensive report highlights the establishment of Porch's ESG journey and outlines the company's commitment to providing annual updates on the progre...






 

Porch Group Inc's Segments
 
 
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