Porch Group Files 2024 10-K
Ticker: PRCH · Form: 10-K · Filed: 2025-02-25T00:00:00.000Z
Sentiment: neutral
Topics: 10-K, annual-report, software
TL;DR
Porch Group dropped its 2024 10-K. Check financials.
AI Summary
Porch Group, Inc. filed its 2024 10-K on February 25, 2025, reporting its fiscal year ending December 31, 2024. The company, formerly known as PropTech Acquisition Corp, is based in Seattle, WA, and operates in the pre-packaged software industry. The filing details its financial performance and business operations for the fiscal year 2024.
Why It Matters
This filing provides a comprehensive overview of Porch Group's financial health and strategic direction for the past fiscal year, crucial for investors and stakeholders to assess the company's performance and future prospects.
Risk Assessment
Risk Level: medium — As a publicly traded company filing a 10-K, there are inherent risks associated with financial reporting and market performance.
Key Numbers
- 20241231 — Fiscal Year End (Reporting period for the 10-K)
- 20250225 — Filing Date (Date the 10-K was submitted to the SEC)
Key Players & Entities
- Porch Group, Inc. (company) — Filer
- PropTech Acquisition Corp (company) — Former Company Name
- Seattle, WA (location) — Business Address
- 7372 (industry_code) — Standard Industrial Classification
- 001-39142 (sec_file_number) — SEC File Number
FAQ
What was Porch Group's primary business activity in fiscal year 2024?
Porch Group, Inc. is classified under Standard Industrial Classification code 7372, which pertains to SERVICES-PREPACKAGED SOFTWARE.
When did Porch Group change its name from PropTech Acquisition Corp?
The date of the name change from PropTech Acquisition Corp to Porch Group, Inc. was August 5, 2019 (20190805).
What is the business address of Porch Group, Inc.?
The business address for Porch Group, Inc. is 411 1ST AVENUE S., SUITE 501, SEATTLE, WA 98104.
What is the SEC file number for Porch Group, Inc.?
The SEC file number for Porch Group, Inc. is 001-39142.
What is the accession number for this 10-K filing?
The accession number for this 10-K filing is 0001784535-25-000011.
From the Filing
0001784535-25-000011.txt : 20250225 0001784535-25-000011.hdr.sgml : 20250225 20250225171225 ACCESSION NUMBER: 0001784535-25-000011 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 151 CONFORMED PERIOD OF REPORT: 20241231 FILED AS OF DATE: 20250225 DATE AS OF CHANGE: 20250225 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 832587663 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 25664793 BUSINESS ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 BUSINESS PHONE: (855) 767-2400 MAIL ADDRESS: STREET 1: 411 1ST AVENUE S., SUITE 501 CITY: SEATTLE STATE: WA ZIP: 98104 FORMER COMPANY: FORMER CONFORMED NAME: PropTech Acquisition Corp DATE OF NAME CHANGE: 20190805 10-K 1 prch-20241231.htm 10-K prch-20241231 0001784535 2024 FY false http://porchgroup.com/20241231#ProductAndTechnologyExpense http://porchgroup.com/20241231#ProductAndTechnologyExpense http://porchgroup.com/20241231#ProductAndTechnologyExpense http://fasb.org/us-gaap/2024#OtherNonoperatingIncomeExpense http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://fasb.org/us-gaap/2024#OtherAssetsNoncurrent http://porchgroup.com/20241231#AccruedExpensesAndOtherLiabilitiesCurrent http://porchgroup.com/20241231#AccruedExpensesAndOtherLiabilitiesCurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent http://fasb.org/us-gaap/2024#OtherLiabilitiesNoncurrent P5Y 477 382 iso4217:USD xbrli:shares iso4217:USD xbrli:shares prch:company prch:segment xbrli:pure prch:bank prch:state prch:security utr:D prch:installment prch:type prch:program prch:layer prch:placement prch:claim prch:proceeding prch:action prch:defendant 0001784535 2024-01-01 2024-12-31 0001784535 2024-06-30 0001784535 2025-02-18 0001784535 2024-12-31 0001784535 2023-12-31 0001784535 srt:SubsidiariesMember 2024-12-31 0001784535 2023-01-01 2023-12-31 0001784535 2022-01-01 2022-12-31 0001784535 us-gaap:CommonStockMember 2021-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001784535 us-gaap:RetainedEarningsMember 2021-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2021-12-31 0001784535 2021-12-31 0001784535 us-gaap:RetainedEarningsMember 2022-01-01 2022-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-01-01 2022-12-31 0001784535 us-gaap:CommonStockMember 2022-01-01 2022-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-12-31 0001784535 us-gaap:CommonStockMember 2022-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001784535 us-gaap:RetainedEarningsMember 2022-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001784535 2022-12-31 0001784535 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-12-31 0001784535 us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001784535 us-gaap:CommonStockMember 2023-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001784535 us-gaap:RetainedEarningsMember 2023-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001784535 us-gaap:RetainedEarningsMember 2024-01-01 2024-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-12-31 0001784535 us-gaap:CommonStockMember 2024-01-01 2024-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-12-31 0001784535 us-gaap:CommonStockMember 2024-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001784535 us-gaap:RetainedEarningsMember 2024-12-31 0001784535 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001784535 srt:RevisionOfPriorPeriodErrorCorrectionAdjustmentMember 2024-10-01 2024-12-31 0001784535 prch: