The strong beat and raised guidance confirm accelerating momentum in the insurance segment. Traders should watch for continued premium growth and margin expansion in upcoming quarters; the raised guidance provides a positive catalyst for the stock in the near term.
Price Chart
Executive Summary
Porch Group reported Q1 2026 results that beat expectations, with Porch Shareholder Interest revenue growing 29% YoY to $109.4M and GAAP EPS of -$0.04 beating consensus of -$0.10. The company raised full-year 2026 guidance across revenue, gross profit, and Adjusted EBITDA, driven by 50% growth in Insurance Services revenue and 33% growth in Reciprocal Policies Written.
Key Financial Metrics
Key Facts
- Porch Shareholder Interest revenue $109.4M, +29% YoY (vs $84.5M Q1 2025)
- GAAP EPS -$0.04 vs consensus -$0.10 (60% beat)
- Adjusted EBITDA $19.7M, +17% YoY (vs $16.9M Q1 2025)
- FY2026 guidance raised: Revenue $495M-$507M (prior $475M-$490M), Adj. EBITDA $103M-$109M (prior $98M-$105M)
- Insurance Services revenue +50% YoY; Reciprocal Policies Written +33% YoY
- Porch Shareholder Interest operating cash flow $19.8M
Financial Impact
Revenue guidance raised by ~$20M at midpoint vs prior; EPS beat of $0.06 vs consensus.
Risk Factors
- Dependence on Reciprocal Exchange for premium scaling and statutory surplus
- High convertible debt ($475.1M outstanding) with upcoming maturity in Sep 2026
- Regulatory risks in insurance operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001784535-26-000028 |
| Document: prch-20260428.htm | 0001784535-26-000028 |
| Document: 0001784535-26-000028-index-headers.html | 0001784535-26-000028 |
| Document: 0001784535-26-000028-index.html | 0001784535-26-000028 |
| Document: 0001784535-26-000028.txt | 0001784535-26-000028 |
| 8-K Data (Synthetic) | 0001784535-26-000028 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Insider Cluster | $17.73 | awaiting T+5 | — | $17.73 (+0.00%) |
Oct 20, 2026 6d ago | Insider Cluster | $18.59 | awaiting T+5 | — | $17.73 (−4.63%) |
Oct 13, 2026 13d ago | 8-K | $16.44 $18.59 | ▲ +13.08% | ▲ +12.62% | $17.73 (+7.85%) |
Oct 6, 2026 20d ago | 144 | $17.31 $16.44 | ▼ −5.03% | ▼ −4.05% | $17.73 (+2.43%) |
Oct 5, 2026 21d ago | 144 | $17.35 $17.69 | ▲ +1.96% | ▲ +1.54% | $17.73 (+2.19%) |
Sep 16, 2026 5w ago | Insider Cluster | $15.98 $16.47 | ▼ −3.07% | ▼ −2.47% | $17.73 (−10.95%) |
Jun 11, 2026 19w ago | 8-K | $9.72 $12.25 | ▲ +26.03% | ▲ +25.60% | $17.73 (+82.41%) |
May 28, 2026 21w ago | Insider Cluster | $10.42 $9.26 | ▲ +11.13% | ▲ +8.61% | $17.73 (−70.15%) |
May 21, 2026 22w ago | Insider Cluster | $9.56 $11.03 | ▼ −15.38% | ▼ −13.72% | $17.73 (−85.46%) |
May 19, 2026 22w ago | Insider Cluster | $9.74 $10.34 | ▲ +6.16% | ▲ +4.36% | $17.73 (+82.03%) |
US Market Status
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