Porch Group Files Q1 2025 10-Q
Ticker: PRCH · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, financials, software
TL;DR
**PORCH Q1 2025 10-Q FILED: FINANCIALS & OPERATIONS UPDATE**
AI Summary
Porch Group, Inc. filed its 10-Q for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Key financial data and disclosures relevant to investors are presented, including balance sheet and income statement information.
Why It Matters
This filing provides investors with the latest financial health and operational performance of Porch Group, Inc., crucial for making informed investment decisions.
Risk Assessment
Risk Level: medium — 10-Q filings are standard disclosures, but the specific financial details and operational context within this report will determine the actual risk level for investors.
Key Numbers
- 2025-03-31 — Reporting Period End (Indicates the end date for the financial data presented in the 10-Q.)
- 2025-05-08 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Porch Group, Inc. (company) — Filer of the 10-Q
- PropTech Acquisition Corp (company) — Former name of Porch Group, Inc.
- 20250331 (date) — Conformed period of report
- 20250508 (date) — Filed as of date
FAQ
What were Porch Group's total assets as of March 31, 2025?
The filing indicates financial data for the period ending March 31, 2025, but specific total asset figures are not provided in this excerpt.
What is the company's primary industry classification?
Porch Group, Inc. is classified under SERVICES-PREPACKAGED SOFTWARE [7372].
When did the company 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.
What is the fiscal year end for Porch Group?
The fiscal year end for Porch Group is December 31.
What SEC Act does this filing fall under?
This filing falls under the 1934 Act.
From the Filing
0001784535-25-000048.txt : 20250508 0001784535-25-000048.hdr.sgml : 20250508 20250508153421 ACCESSION NUMBER: 0001784535-25-000048 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 106 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Porch Group, Inc. CENTRAL INDEX KEY: 0001784535 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology EIN: 842587663 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-39142 FILM NUMBER: 25925652 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-Q 1 prch-20250331.htm 10-Q prch-20250331 0001784535 12-31 false 2025 Q1 12 P5Y 369 367 xbrli:shares iso4217:USD iso4217:USD xbrli:shares prch:company prch:segment xbrli:pure prch:bank prch:state prch:security prch:program prch:layer prch:proceeding prch:action prch:defendant 0001784535 2025-01-01 2025-03-31 0001784535 2025-05-01 0001784535 2025-03-31 0001784535 2024-12-31 0001784535 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2025-03-31 0001784535 us-gaap:VariableInterestEntityPrimaryBeneficiaryMember 2024-12-31 0001784535 2024-01-01 2024-03-31 0001784535 us-gaap:CommonStockMember 2024-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-12-31 0001784535 us-gaap:RetainedEarningsMember 2024-12-31 0001784535 us-gaap:ParentMember 2024-12-31 0001784535 us-gaap:NoncontrollingInterestMember 2024-12-31 0001784535 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001784535 us-gaap:ParentMember 2025-01-01 2025-03-31 0001784535 us-gaap:NoncontrollingInterestMember 2025-01-01 2025-03-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2025-01-01 2025-03-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001784535 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001784535 us-gaap:CommonStockMember 2025-03-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2025-03-31 0001784535 us-gaap:RetainedEarningsMember 2025-03-31 0001784535 us-gaap:ParentMember 2025-03-31 0001784535 us-gaap:NoncontrollingInterestMember 2025-03-31 0001784535 us-gaap:CommonStockMember 2023-12-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2023-12-31 0001784535 us-gaap:RetainedEarningsMember 2023-12-31 0001784535 us-gaap:ParentMember 2023-12-31 0001784535 us-gaap:NoncontrollingInterestMember 2023-12-31 0001784535 2023-12-31 0001784535 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001784535 us-gaap:ParentMember 2024-01-01 2024-03-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-01-01 2024-03-31 0001784535 us-gaap:NoncontrollingInterestMember 2024-01-01 2024-03-31 0001784535 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001784535 us-gaap:CommonStockMember 2024-03-31 0001784535 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001784535 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2024-03-31 0001784535 us-gaap:RetainedEarningsMember 2024-03-31 0001784535 us-gaap:ParentMember 2024-03-31 0001784535 us-gaap:NoncontrollingInterestMember 2024-03-31 0001784535 2024-03-31 0001784535 2024-01-01 2024-12-31 0001784535 prch:ReinsuranceQuotaShareProgramMember 2024-04-01 2024-04-01 0001784535 prch:CustomerTwoMember us-gaap:CustomerConcentrationRiskMember us-gaap:AccountsRecei