NASDAQ$PRCH

Porch Group Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Porch Group reported strong Q4 and full year results, driven by operational and strategic execution.

Porch Group reported full year revenues of $192.4 million, representing a 166% year-over-year increase and provided 2022 guidance of $320 million in revenue and $600 million of Gross Written Premium, representing 66% and 95% Year-over-Year Growth Respectively.

  • Porch Group reported $192.4 million in full year revenues, up 166% year-over-year.
  • The company achieved its first quarter of Adjusted EBITDA profitability in Q3.
  • Porch expanded into new software verticals, including mortgage and title.
  • The company enhanced its insurance and warranty offerings through acquisitions.

Headline financials

Total Revenue

$51.6M

Previous: $19.5M+164.5%
EPS (adj)

-$0.25

Previous: -$0.40+37.5%
Capital Expenditures

$384K

Previous: $158K+143.0%
Free Cash Flow

$6.56M

Previous: -$47.8M+113.7%
Net Income

-$22.6M

Previous: -$18.1M-25.0%
Operating Income

-$20.8M

Previous: -$19.1M-8.9%
Gross Profit

$40.9M

Previous: $15.2M+168.9%
Cash & Equivalents

$316M

Previous: $196M+61.1%
Total Assets

$1.04B

Previous: $268M+287.0%
Stock-Based Comp

$9.23M

Previous: $9.87M-6.5%

Revenue & EPS history

Porch · Revenue · Quarterly

$51.6M

Q4 2021+164.5%vs Q4 2020
Beat estimate in 4 of 9 quarters(44%)
ActualEstimate

Forward guidance

Porch provides guidance based on current market conditions and expectations.

Tailwinds

  • Gross Written Premium ~$600M (95% year-over-year growth)
  • Revenue ~$320M (66% year-over-year growth)
  • Revenue Less Cost of Revenue ~$210M (53% year-over-year growth)
  • Adj. EBITDA ~-9%
  • Adj. EBITDA >-$26.5M (>400 basis points of Adj EBITDA margin improvement)

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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