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Porch Group (NasdaqCM:PRCH) Earnings Call Presentation
2025-09-10 11:00
Financial Performance & Targets - Porch Group's 2025 full-year Porch Shareholder Interest Revenue guidance midpoint is $415 million[14] - The company targets $100 million in Adjusted EBITDA for 2026[14] - The company is aiming for medium-term revenue of $2.3 billion and Adjusted EBITDA of $660 million[72] - Q2 2025 saw Porch Shareholder Interest Revenue of $1207 million, Gross Profit of $892 million, and Adjusted EBITDA of $156 million[55] Insurance Services - The company's gross margins are approximately 80%[14, 16] - Insurance Services represented 61% of the company's YTD revenue mix in 2025[49] - The company's strategy involves managing a 3rd party-owned Reciprocal, participating in the U S Homeowners Insurance market[16] - The company aims to achieve a Reciprocal Written Premium of approximately $500 million in 2025 and approximately $600 million in 2026, with a medium-term target of approximately $3 billion[72, 113] Data & Technology - The company possesses unique property data for approximately 90% of US homes[14, 29] - The company's software supports over 40% of all US home inspections[25, 129]