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Corporation
INTERNET | eCommerce / Home Furnishings & Improvement
porch.com

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Founded Year

2013

Stage

Reverse Merger | IPO

Total Raised

$128.65M

Market Cap

2.07B

Stock Price

21.04

About Porch

Porch is a home network that is free for homeowners and home professionals. Porch enables homeowners to make smart home improvement decisions by giving them the information they need to find the right professionals, get inspiration, and manage their home. The Porch App, an app available for iOS, gives homeowners direct access to a personal Porch Concierge to help find professionals for users' homes.

Porch Headquarter Location

2200 1st Ave South Suite 300

Seattle, Washington, 98134,

United States

855-494-5972

Latest Porch News

Porch Group (PRCH) Stock: Why The Price Increased

Nov 17, 2021

The stock price of Porch Group Inc (NASDAQ: PRCH) increased by 8% in the most recent trading session. This is why it happened. The stock price of Porch Group Inc (NASDAQ: PRCH) increased by 8% in the most recent trading session. Investors are responding positively to the company’s Q3 2021 financial results. Q3 2021 Financial Results — Total revenue for the third quarter of 2021 was $62.8 million, an increase of 192% from $21.5 million in the third quarter of 2020. The increase in total revenue was driven by strong performance across the business including increased software sales to more companies and growth in sales of key services such as insurance as well as closed acquisitions. — Revenue less cost of revenue for the third quarter of 2021 was 69% and the contribution margin was 45%. GAAP net loss for the third quarter of 2021 totaled $5.1 million. Adjusted EBITDA for the third quarter of 2021 totaled $873 thousand (or 1% of total revenue). — For the first time, the company is reporting financials with two reportable operating segments: Vertical Software and Insurance. Segment Results for the Third Quarter 2021 — Vertical Software revenue was $42.3 million, revenue less cost of revenue was 66%, contribution margin was 42% and adjusted EBITDA margin was 18% — Insurance revenue was $20.5 million, revenue less cost of revenue was 77%, contribution margin was 54% and adjusted EBITDA margin was 27% — Insurance gross written premium was $108 million with 292,000 policyholders — In the third quarter, the company announced and closed an offering of $425 million aggregate principal amount of convertible senior notes due 2026. And as of September 30, 2021, cash, cash equivalents, and restricted cash totaled $416 million. This amount is measured prior to the October acquisition of Floify, a provider of software for mortgage companies. Q3 2021 Key Performance Indicators (KPIs) Software and services to companies: — Average number of companies increased to 20,472, up 90% year-over-year. — Average revenue per company per month increased to $1,022, up 54% year-over-year. Monetized services for consumers:

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Research containing Porch

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Porch in 1 CB Insights research brief, most recently on Apr 14, 2021.

Expert Collections containing Porch

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Porch is included in 2 Expert Collections, including Tech IPO Pipeline.

T

Tech IPO Pipeline

282 items

Track and capture company information and workflow.

R

Real Estate Tech

2,193 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, sm

Porch Patents

Porch has filed 2 patents.

The 3 most popular patent topics include:

  • Acetylcholinesterase inhibitors
  • Floors
  • Insecticides
patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/18/2018

3/30/2021

Woven fabrics, Acetylcholinesterase inhibitors, Architectural elements, Floors, Insecticides

Grant

00/00/0000

00/00/0000

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Application Date

6/18/2018

00/00/0000

Grant Date

3/30/2021

00/00/0000

Title

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Related Topics

Woven fabrics, Acetylcholinesterase inhibitors, Architectural elements, Floors, Insecticides

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Status

Grant

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Porch Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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