Revenue: As of FY2026 Q2, the actual value is USD 140.88 M.

EPS: As of FY2026 Q2, the actual value is USD 0.05.

EBIT: As of FY2026 Q2, the actual value is USD 10.66 M.

Second Quarter 2026 Financial Highlights

Consolidated Performance

• Net income attributable to Porch was $5.6 million.
• Adjusted EBITDA (Excluding Reciprocal) reached $39.1 million, growing 150% year-over-year (YoY).
• Consolidated gross profit was $87.6 million.

Porch-Owned Segments Performance (Excluding Reciprocal)

• Gross profit for Porch-Owned Segments grew 25% YoY to $111.6 million.

Segment Gross Profit (Three Months Ended June 30, 2026 vs. 2025)

• Insurance Services
  • Gross Profit: $81,189 thousand in 2026 compared to $57,864 thousand in 2025.
  • Gross Margin: 87% in 2026 compared to 86% in 2025.
  • Adjusted EBITDA: $44,399 thousand in 2026 compared to $19,657 thousand in 2025.
  • Adjusted EBITDA Margin: 48% in 2026 compared to 29% in 2025.
• Software & Data
  • Gross Profit: $17,424 thousand in 2026 compared to $18,167 thousand in 2025.
  • Gross Margin: 75% in 2026 compared to 76% in 2025.
  • Adjusted EBITDA: $5,210 thousand in 2026 compared to $5,542 thousand in 2025.
  • Adjusted EBITDA Margin: 23% in both 2026 and 2025.
• Consumer Services
  • Gross Profit: $15,281 thousand in 2026 compared to $15,236 thousand in 2025.
  • Gross Margin: 84% in 2026 compared to 86% in 2025.
  • Adjusted EBITDA: $3,247 thousand in 2026 compared to $1,957 thousand in 2025.
  • Adjusted EBITDA Margin: 18% in 2026 compared to 11% in 2025.
• Reciprocal
  • Gross Profit: $22,697 thousand in 2026 compared to $31,513 thousand in 2025.
  • Gross Margin: 38% in 2026 compared to 57% in 2025.
  • Net income (loss): - $8,832 thousand in 2026 compared to $5,668 thousand in 2025.

Operational Metrics (Three Months Ended June 30, 2026 vs. 2025)

• Insurance Services & Reciprocal
  • Reciprocal Written Premium (“RWP”): $139.8 million in 2026, up 16% from $120.7 million in 2025.
  • Insurance Service Gross Profit as % of RWP: 58% in 2026 compared to 48% in 2025.
  • Insurance Services Adjusted EBITDA % of RWP: 32% in 2026 compared to 16% in 2025.
  • Reciprocal Policies Written: 58.7 thousand in 2026, up 38% from 42.5 thousand in 2025.
  • RWP per Policy Written: $2,383 in 2026 compared to $2,843 in 2025, a decrease of 16%.
• Software & Data
  • Average Number of Companies: 18.7 thousand in 2026, a decrease of 22% from 24.2 thousand in 2025.
  • Annualized Average Revenue per Company: $4,926 in 2026, up 24% from $3,974 in 2025.
• Consumer Services
  • Monetized Services: 83.9 thousand in 2026, a decrease of 4% from 87.2 thousand in 2025.
  • Average Revenue per Monetized Service: $216 in 2026, up 7% from $202 in 2025.

Cash Flow (Three Months Ended June 30, 2026 vs. 2025)

• Consolidated
  • Net cash provided by operating activities: $41,267 thousand in 2026 compared to $35,569 thousand in 2025.
  • Net cash used in investing activities: - $25,325 thousand in 2026 compared to - $5,901 thousand in 2025.
  • Net cash provided by (used in) financing activities: $306 thousand in 2026 compared to - $7,782 thousand in 2025.
• Reciprocal Segment
  • Net cash provided by operating activities: $28,563 thousand in 2026 compared to $20,679 thousand in 2025.
  • Net cash used in investing activities: - $1,761 thousand in 2026 compared to - $179 thousand in 2025.
  • Net cash provided by (used in) financing activities: $6 thousand in 2026 compared to $0 thousand in 2025.

Balance Sheet Information (As of June 30, 2026 vs. March 31, 2026)

• Porch-Owned Segments (Excluding Reciprocal)
  • Cash and cash equivalents: $54.1 million as of June 30, 2026, compared to $64.2 million as of March 31, 2026.
  • Unrestricted cash, cash equivalents, and investments: $119.2 million as of June 30, 2026, compared to $126.0 million as of March 31, 2026.
  • Total cash, cash equivalents, restricted cash and cash equivalents, and investments: $126.8 million as of June 30, 2026.
• Reciprocal
  • Cash and cash equivalents: $133.3 million as of June 30, 2026, compared to $106.5 million as of March 31, 2026.
  • Unrestricted cash, cash equivalents, and investments: $330.4 million as of June 30, 2026, compared to $287.4 million as of March 31, 2026.
  • Total cash, cash equivalents, restricted cash and cash equivalents, and investments: $331.0 million as of June 30, 2026.
  • Statutory surplus: $169.9 million as of June 30, 2026.
  • Surplus combined with non-admitted assets: $376.5 million as of June 30, 2026.

Debt (As of June 30, 2026)

• Outstanding principal for convertible debt was $475.1 million, including $134.0 million of 9.00% Convertible Senior Unsecured Notes due May 2030, $333.3 million of 6.75% Convertible Senior Secured Notes due October 2028, and $7.8 million of 0.75% Convertible Senior Unsecured Notes due September 2026.
• Management expects to settle the 2026 Notes at maturity on September 15, 2026.

Full-Year 2026 Financial Outlook (Porch-Owned Segments)

Porch Group, Inc. raised its full-year 2026 guidance for Porch-Owned Segments, projecting revenue (Excluding Reciprocal) between $506 million and $517 million, representing 21% to 23% YoY growth. Gross Profit (Excluding Reciprocal) is expected to range from $419 million to $429 million, a 22% to 25% YoY increase. Adjusted EBITDA (Excluding Reciprocal) is guided to be between $119 million and $125 million, reflecting 55% to 63% YoY growth.