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Investing.com -- Porch Group, Inc. (NASDAQ:PRCH), a homeowners insurance company, saw its shares plunge 11.6% in after-hours trading Wednesday after reporting third quarter earnings that missed analyst expectations despite revenue outperformance.
The company reported a third quarter loss of -$0.10 per share, falling short of analyst estimates of -$0.03 per share. Revenue came in at $118.1 million, exceeding the consensus estimate of $111.13 million. The company’s revenue for its shareholder interest businesses was $115.1 million.
Porch Group’s full-year revenue guidance of $410-420 million disappointed investors, coming in below analyst expectations of $434 million, despite the company raising its gross profit and adjusted EBITDA targets. The company reported adjusted EBITDA of $20.6 million for the quarter, representing an increase of $3.7 million compared to the prior year.
"We’re proud to report another strong quarter—one in which we delivered Adjusted EBITDA of $20.6 million, generated $28.8 million of Porch Shareholder Interest Cash Flow from Operations, and importantly, further increased surplus combined with non-admitted assets to $412.0 million at the Reciprocal," said Matt Ehrlichman, Chief Executive Officer, Chairman and Founder.
The company’s Insurance Services segment generated $73.8 million in revenue, while Software & Data and Consumer Services contributed $24.6 million and $19.4 million respectively. The Software & Data segment grew 7% YoY, while Consumer Services increased 9%.
Porch Group’s cash position strengthened to $132.1 million as of September 30, 2025, up from $89.9 million at the end of 2024, driven by $70.9 million in cash flow from operations during the first nine months of the year.
The company’s Reciprocal Exchange, an insurance entity formed in January 2025 that is owned by policyholders but consolidated in Porch’s financial reporting, wrote $137.5 million in premiums during the quarter across 47,700 policies.
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