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Porch Group Reports Second Quarter 2026 Results
SEATTLE, July 29, 2026--Porch Group, Inc. ("Porch," "the Company," "we," "our," "us") (NASDAQ: PRCH), a new kind of homeowners insurance company, today reported second quarter results through June 30, 2026, that exceeded our expectations. As a result, the Company raised guidance for the remainder of the year.
About this update from Porch Group, Inc.
Insurance Services Revenue Growth of 38% YoY; Reciprocal Policies Written 3 Growth of 38% YoY SEATTLE, July 29, 2026 --( BUSINESS WIRE )-- Porch Group, Inc. ("Porch," "the Company," "we," "our," "us") (NASDAQ: PRCH), a new kind of homeowners insurance company, today reported second quarter results through June 30, 2026, that exceeded our expectations. As a result, the Company raised guidance for the remainder of the year. CEO Summary "Q2 was a strong quarter and another clear proof point that the model is working. We exceeded expectations, grew Adjusted EBITDA (Excluding Reciprocal)1 meaningfully, delivered positive net income attributable to Porch, and are raising guidance2 across the board. Insurance Services continues to run ahead of schedule, with Reciprocal Written Premium3 scaling, total Reciprocal Policies Written3 up 38% year-over-year, and strong earnings flow-through from premium into Adjusted EBITDA (Excluding Reciprocal)1. With strong capacity, expanding top-of-funnel activity, and rapid policy growth, we believe Porch is increasingly positioned for sustained profitability, a stronger balance sheet profile, and disciplined premium growth over time," said Matt Ehrlichman, Chief Executive Officer, Chairman and Founder. Second Quarter 2026 Key Financial Highlights Second Quarter 2026 Operational Highlights The following table presents the Company's unaudited segment operating results for the current quarter. The following table reconciles segment Adjusted EBITDA to Adjusted EBITDA (Excluding Reciprocal). The following table presents the Company's unaudited segment operating results for the same quarter of the prior year. The following table reconciles segment Adjusted EBITDA to Adjusted EBITDA (Excluding Reciprocal).