v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 140,882 $ 126,077 $ 262,005 $ 230,822
Cost of revenue 53,302 43,422 83,577 82,719
Gross profit 87,580 82,655 178,428 148,103
Operating expenses:        
Selling and marketing 41,332 33,640 81,396 63,156
Product and technology 14,676 13,076 27,707 26,277
General and administrative 35,685 30,890 61,623 54,887
Operating income (loss) (4,113) 5,049 7,702 3,783
Other income (expense):        
Interest expense (14,775) (12,056) (29,381) (23,302)
Change in fair value of private warrant liability 0 (2,878) 0 (3,610)
Change in fair value of derivatives 860 12,853 2,627 19,526
Gain on extinguishment of debt 0 34 0 34
Investment income and realized gains and losses, net of investment expenses 3,151 2,665 6,549 5,475
Other income, net 1,312 1,493 2,679 9,893
Total other income (expense) (9,452) 2,111 (17,526) 8,016
Income (loss) before income taxes (13,565) 7,160 (9,824) 11,799
Income tax benefit (expense) (585) 1,087 (2,390) 184
Net income (loss) (14,150) 8,247 (12,214) 11,983
Less: Net income (loss) attributable to the Reciprocal (19,753) 5,668 (13,104) 1,009
Net income attributable to Porch $ 5,603 $ 2,579 $ 890 $ 10,974
Earnings Per Share - Basic        
Net income attributable to Porch per share - basic (in usd per share) $ 0.05 $ 0.03 $ 0.01 $ 0.11
Weighted average shares outstanding used to compute net income attributable to Porch per share - basic (in shares) 111,087 103,160 108,594 102,435
Earnings Per Share - Diluted        
Net income attributable to Porch per share - diluted (in usd per share) $ 0.05 $ 0 $ 0.01 $ 0.10
Weighted average shares outstanding used to compute net income attributable to Porch per share - diluted (in shares) 120,741 131,679 116,888 114,741
Comprehensive Income        
Net income (loss) $ (14,150) $ 8,247 $ (12,214) $ 11,983
Other comprehensive income (loss):        
Change in net unrealized loss, net of tax (948) 1,081 (3,859) 3,691
Comprehensive income (loss) (15,098) 9,328 (16,073) 15,674
Less: Comprehensive income (loss) attributable to the Reciprocal (20,492) 6,735 (15,796) 4,458
Comprehensive income (loss) attributable to Porch $ 5,394 $ 2,593 $ (277) $ 11,216