v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Prepaid expenses $ 4,827 $ 6,440
Restricted cash and cash equivalents 7,562 8,503
Other current assets 7,744 4,666
Total current assets 93,481 88,208
Property, equipment, and software, net 29,933 27,607
Goodwill 191,907 191,907
Cash and cash equivalents, including restricted 195,604 169,111
Total assets 818,992 797,423
Current liabilities    
Accounts payable 2,602 4,046
Accrued expenses and other current liabilities 39,064 38,877
Deferred revenue 4,261 4,552
Refundable customer deposits 10,854 12,535
Current debt 7,792 7,772
Total current liabilities 64,573 67,782
Long-term debt 397,491 385,060
Other liabilities 11,435 14,987
Total liabilities 799,616 775,037
Commitments and contingencies (Note 16)
Redeemable noncontrolling interest related to the Reciprocal 10 0
Stockholders' equity    
Common stock, $0.0001 par value per share 11 11
Additional paid-in capital 638,558 622,996
Accumulated other comprehensive income (loss) (525) 642
Accumulated deficit (649,889) (648,268)
Porch stockholders' deficit (11,845) (24,619)
Noncontrolling interest related to the Reciprocal 31,211 47,005
Total stockholders' equity 19,366 22,386
Total liabilities, redeemable noncontrolling interest, and stockholders' equity 818,992 797,423
Consolidated Entity, Excluding Consolidated VIE    
Current assets    
Cash and cash equivalents 54,140 44,676
Accounts receivable, net 14,177 11,307
Short-term investments 5,031 12,616
Restricted cash and cash equivalents 7,562 8,503
Long-term investments 60,091 55,412
Intangible assets, net 21,688 30,492
Other assets 7,252 6,541
Variable Interest Entity, Primary Beneficiary    
Current assets    
Cash and cash equivalents 133,321 115,373
Accounts receivable, net [1] 11,419 9,054
Short-term investments [1] 25,386 7,664
Restricted cash and cash equivalents 581 559
Long-term investments [1] 171,702 172,978
Intangible assets, net [1] 21,394 23,319
Other assets [1] 71 4
Cash and cash equivalents, including restricted [1] 133,902 115,932
Reinsurance balance due [1] 7,899 37,653
Prepaid expenses and other current assets [1] 6,137 3,945
Deferred policy acquisition costs [1] 36,730 26,707
Current liabilities    
Other liabilities [2] 854 818
Accounts payable and other current liabilities [2] 5,366 13,838
Deferred revenue [2] 227,234 219,559
Losses and loss adjustment expense reserves [2] 61,108 49,159
Other insurance liabilities, current [2] 31,555 23,834
Redeemable noncontrolling interest related to the Reciprocal $ 10 $ 0
[1] Porch Reciprocal Exchange (the “Reciprocal”) is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements).
[2] The Reciprocal is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements)