NASDAQ$PRCH
Porch Group Inc. · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Porch exceeded Q2 guidance and increased full year 2021 revenue guidance.
Porch Group reported strong second-quarter results, with total revenue increasing by 200% compared to the same period last year. The company has raised its full year revenue outlook reflecting the continued confidence in its go-forward strategy.
- Total revenue for the second quarter of 2021 was $51.3 million, an increase of 200% from $17.1 million in the second quarter of 2020.
- Porch acquired Rynoh, a leading provider of software for title companies.
- The company increased its full-year revenue outlook from $178 million to $184 million, representing approximately 155% year-over-year revenue growth.
- Weather-related insurance claims costs contributed approximately $4 million of additional cost of revenue as compared to historical Q2 periods with average weather.
Headline financials
Revenue & EPS history
Porch · Revenue · Quarterly
$51.3M
Forward guidance
For the full year of 2021, Porch increased its revenue outlook from $178 million to $184 million, representing approximately 155% year-over-year revenue growth.
Tailwinds
- Approximately 90% of 2021 revenues from its vertical software solutions (25% from B2B software and service subscription fees and approximately 65% from corresponding move-related transaction revenues which includes insurance).
- Revenue less cost of revenue of approximately 72%.
- Contribution margin of approximately 40%.
- Adjusted EBITDA margin guidance range to -13% to -16%.
- The vast majority of Porch’s revenue is recurring.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+8.3%
Avg return
Earnings day
+11.8%
Avg return
5 days after
+18.4%
Avg return
30 days after
67%
16 / 24 earnings
Positive
+74.1%
Q4 2024
Best reaction
-36.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.4% | +20.7% | +21.3% | |
| Q3 2025 | +1.0% | -4.3% | -11.9% | |
| Q1 2025 | +67.4% | +67.0% | +71.3% | |
| Q4 2024 | +74.1% | +82.6% | +95.0% | |
| Q3 2024 | +58.8% | +47.8% | +141.7% | |
| Q2 2024 | -32.4% | -26.0% | -26.0% | |
| Q1 2024 | +4.3% | -14.8% | -41.2% | |
| Q4 2023 | +22.0% | +26.3% | +44.7% | |
| Q3 2023 | +37.4% | +50.7% | +211.6% | |
| Q2 2023 | -9.5% | -12.7% | -36.3% | |
| Q1 2023 | +26.8% | +22.4% | +37.6% | |
| Q4 2022 | -25.5% | -32.6% | -27.2% | |
| Q3 2022 | -36.5% | -31.5% | +18.8% | |
| Q2 2022 | +9.9% | +21.8% | -3.1% | |
| Q1 2022 | +2.0% | +30.3% | -2.0% | |
| Q4 2021 | -20.9% | +15.8% | -19.9% | |
| Q3 2021 | +8.0% | +2.9% | -29.8% | |
| Q2 2021 | -9.9% | -17.1% | -0.2% | |
| Q1 2021 | +6.5% | +16.3% | +20.8% | |
| Q2 2020 | +7.3% | +5.0% | -20.7% | |
| Q4 2020 | +5.2% | +7.0% | -20.5% | |
| Q3 2020 | +0.9% | +0.2% | +11.3% | |
| Q1 2020 | +0.0% | +0.0% | -0.6% | |
| Q4 2019 | +1.5% | +4.2% | +6.4% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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