Porch Group, Inc. (PRCH) Earnings
Porch Group, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $-0.04. PRCH has beaten EPS estimates in 5 of its last 11 reported quarters (average surprise -10.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $-0.10 | $-0.04 | +60.0% | $109M | +15.5% |
| Feb 11, 2026 | $-0.08 | $-0.03 | +62.5% | $124M | +21.9% |
| Nov 5, 2025 | $-0.08 | $-0.10 | -25.0% | $118M | +8.6% |
| Nov 7, 2024 | $-0.01 | $-0.02 | -140.7% | $111M | +1.5% |
| Mar 7, 2024 | $-0.19 | $-0.06 | +68.4% | $115M | +15.4% |
| Mar 14, 2023 | $-0.28 | $-0.36 | -28.6% | $64M | -3.3% |
| Aug 9, 2022 | $-0.24 | $-0.27 | -12.5% | $71M | -9.8% |
| Mar 1, 2022 | $-0.21 | $-0.25 | -19.0% | $52M | -5.6% |
| Nov 15, 2021 | $-0.16 | $-0.15 | +6.3% | $63M | +9.6% |
| Aug 16, 2021 | $-0.23 | $-0.17 | +26.1% | $51M | -9.2% |
| May 17, 2021 | $-0.23 | $-0.35 | -52.2% | $27M | +22.7% |
| Dec 3, 2020 | — | $-0.11 | — | $22M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 28, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• 2026 Q1 results exceeded expectations, and full year guidance for Porch shareholder interest revenue, gross profit and adjusted EBITDA was raised. • Portra is a simpler, higher margin fee and commission based business. • Insurance services delivered 50% year-over-year revenue growth in Q1. • AI is being used across Porch to improve engineering velocity, operations, customer support, etc. • Focus on scaling the insurance growth engine with capacity, top of funnel, and conversion. • Launched Porch Insurance in Texas as a tailwind for conversion.
Guidance
• Raised revenue guidance to a range of $495 million to $507 million, representing 20% year-over-year growth at the midpoint. • Raised gross profit guidance to a range of $401 million to $413 million, still with an 81% gross margin at the midpoint. • Raised adjusted EBITDA guidance to a range of $103 million to $109 million, still a 21% adjusted EBITDA margin at the midpoint.
Segment performance
Insurance services: Q1 revenue was $75 million, up 50% year-over-year. Gross profit was $64 million with an 85% gross margin. Adjusted EBITDA was $27 million, or a 37% margin. Software and data: Revenue was $22 million in Q1, gross profit was $17 million with a 75% gross margin, and adjusted EBITDA was $4.6 million. Consumer services: Segment revenue was $15 million, gross profit was $13 million with an 87% gross margin, and adjusted EBITDA was approximately break-even. Revenue contribution: Insurance services contributed 68%, software and data 20%, with the remainder from consumer services.
Risks & headwinds
• Macro environment changes could impact business. • Competition in the insurance industry. • Risks related to AI application and integration. • Seasonal factors affecting cash flow timing for the reciprocal.
Analyst Q&A
Q: Thoughts on RWP guide for the year and premium per policy written?
A: Sean mentioned revenue guidance increased, and Matt and Matthew discussed porch insurance's impact on premium mix and future growth.
Q: Talk about loss ratios or combined ratio trends for Q1?
A: Matt and Gaston discussed Q1 gross loss ratios of 24% and attritional loss ratios of 19%, and Porch's consistent top-performing loss ratios.
Q: Cash flow for operations and home factors?
A: Sean talked about cash flow timing and statutory surplus, and Matthew discussed home factors' internal use and external commercialization.
Q: Price action and conversion rate improvement?
A: Matt and Adam discussed pricing actions and conversion rate drivers.
Q: Top of funnel disruption from AI and M&A appetite?
A: Ryan and Matt discussed Porch's net AI beneficiary position and potential M&A activity.
Q: Porch Insurance rollout and software/data/consumer services KPIs?
A: Timothy discussed Porch Insurance rollout feedback and how KPIs in software/data and consumer services may perform with housing market unthaw.
Q: Agency branch locations saturation and conversion levers?
A: Matt discussed agency branch locations growth potential and conversion rate levers consideration.