Earnings per share (“EPS”) is calculated using the two-class method unless the treasury stock method results in lower EPS. Basic EPS is calculated by dividing net income or loss attributable to common stockholders by the weighted-average number of shares of common stock outstanding during the period. To calculate diluted EPS, basic EPS is further adjusted to include the effect of potentially dilutive stock options, RSUs, PRSUs, convertible notes, and warrants using the more dilutive result of the treasury stock method or the if-converted method. All potentially dilutive securities are antidilutive to periods with net losses, and basic EPS equals diluted EPS in those periods.


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
Numerator:
Net income attributable to Porch used to compute net income attributable to Porch per share - basic	$	5,603	$	2,579	$	890	$	10,974

Effect of interest expense on dilutive 2028 Notes	—		10,739		—		—
Effect of change in fair value of derivatives related to dilutive 2028 Notes	—		(12,853)		—		—
Net income attributable to Porch used to compute net income attributable to Porch per share - diluted	$	5,603	$	465	$	890	$	10,974
Denominator:
Weighted average shares outstanding used to compute net income attributable to Porch per share - basic	111,087		103,160		108,594		102,435
Effect of dilutive securities:
Stock Options	1,841		1,952		1,808		1,733
RSUs	3,466		5,554		3,209		4,882
PRSUs	4,347		7,681		3,277		5,691

2028 Notes	—		13,332		—		—

Weighted average shares outstanding used to compute net income attributable to Porch per share - diluted	120,741		131,679		116,888		114,741

Net income attributable to Porch per share - basic	$	0.05	$	0.03	$	0.01	$	0.11
Net income attributable to Porch per share - diluted	$	0.05	$	—	$	0.01	$	0.10


		Three Months Ended June 30,		Six Months Ended June 30,
		2026	2025	2026	2025
Stock options		148	224	148	266

Performance restricted stock units	(1)	2,820	2,621	2,820	2,621
Private warrants		—	1,796	—	1,796
Convertible debt - 2026 Notes	(2)	312	822	312	822
Convertible debt - 2028 Notes		13,332	—	13,332	13,332
Convertible debt - 2030 Notes		8,527	8,527	8,527	8,527

(1)For the three and six months ending June 30, 2026 and June 30, 2025, this represents the number of performance restricted stock units at the end of the period that were excluded from the computation of diluted earnings per share because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.

(2)In connection with the September 16, 2021, issuance of the 2026 Notes, we used a portion of the proceeds to pay for the capped call transactions, which are expected to generally reduce the potential dilution to our common stock. The capped call transactions impact the number of shares that may be issued by effectively increasing our conversion price from $25 per share to approximately $37.74, which would result in approximately 0.2 million potentially dilutive shares instead of the shares reported in this table as of June 30, 2026. The capped calls expire on September 15, 2026.