v3.26.1
Description of Business and Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedules of Concentration of the Reinsurers The following table presents the concentration of the reinsurers that individually exceeded 10% of the reinsurance balance due as of June 30, 2026:
June 30, 2026December 31, 2025
Reinsurer A14 %*
Reinsurer B11 %16 %
Reinsurer C10 %23 %
Reinsurer D10 %*
Reinsurer E*14 %
46 %53 %
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*Represents reinsurers that did not individually exceed 10% of the reinsurance balance due as of the period presented.
Schedule of Cash, Cash Equivalents and Restricted Cash
The reconciliation of cash, cash equivalents, and restricted cash and cash equivalents to amounts presented in the unaudited Condensed Consolidated Statements of Cash Flows are as follows:
June 30, 2026December 31, 2025
Cash and cash equivalents of Porch$54,140$44,676
Restricted cash and cash equivalents of Porch7,5628,503
Cash and cash equivalents of the Reciprocal133,321115,373
Restricted cash and cash equivalents of the Reciprocal581559
Total cash, cash equivalents, and restricted cash and cash equivalents$195,604$169,111
Schedule of Restricted Cash and Cash Equivalents
The reconciliation of cash, cash equivalents, and restricted cash and cash equivalents to amounts presented in the unaudited Condensed Consolidated Statements of Cash Flows are as follows:
June 30, 2026December 31, 2025
Cash and cash equivalents of Porch$54,140$44,676
Restricted cash and cash equivalents of Porch7,5628,503
Cash and cash equivalents of the Reciprocal133,321115,373
Restricted cash and cash equivalents of the Reciprocal581559
Total cash, cash equivalents, and restricted cash and cash equivalents$195,604$169,111


The following table provides the components of restricted cash and cash equivalents on the unaudited Condensed Consolidated Balance Sheets:
June 30, 2026December 31, 2025
Held as collateral by our wholly owned captive reinsurance business for benefit of the Reciprocal$29 $7 
Held for payment of possible warranty claims(1)6,533 7,496 
Other1,000 1,000 
Restricted cash and cash equivalents$7,562 $8,503 
Restricted cash and cash equivalents of the Reciprocal:
Pledged to state departments of insurance(2)$581 $559 
Total restricted cash and cash equivalents$8,143$9,062
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(1)Required under regulatory guidelines in 25 states and 26 states as of June 30, 2026, and December 31, 2025, respectively.
(2)Pledged to the Department of Insurance in certain states as a condition of our Certificate of Authority for the purpose of meeting obligations to policyholders and creditors.
Schedule of Accrued Expenses
The following table details the components of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets.
June 30, 2026December 31, 2025
Accrued expenses$15,213$15,115
Payroll liabilities9,6548,858
Interest payable7,1837,183
Sales taxes payable4,3064,472
Other current liabilities2,7083,249
Accrued expenses and other current liabilities at Porch$39,064$38,877
Schedule of Other Current Liabilities
The following table details the components of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets.
June 30, 2026December 31, 2025
Accrued expenses$15,213$15,115
Payroll liabilities9,6548,858
Interest payable7,1837,183
Sales taxes payable4,3064,472
Other current liabilities2,7083,249
Accrued expenses and other current liabilities at Porch$39,064$38,877
Schedule of Components of Other Insurance Liabilities, Current
The following table details the components of other insurance liabilities, current, on the unaudited Condensed Consolidated Balance Sheets. Other insurance liabilities were held by the Reciprocal as of June 30, 2026.
June 30, 2026December 31, 2025
Ceded reinsurance premiums payable$2,414$4,191
Commissions payable, reinsurers and agents15,76611,655
Advance premiums8,8285,961
Funds held under reinsurance treaty1,1481,335
General and accrued expenses payable3,399692
Other insurance liabilities, current$31,555$23,834