Filing Flows › Porch Group (PRCH) › Q1 2025
Porch Group (PRCH) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Porch Group (PRCH) reported revenue of $105M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +4% from the quarter before. Operating margin was -1.2%, net earnings $3.7M (3.6% of revenue).
Porch Group, Q1 2025: revenue $105M (-9% year over year), operating margin -1.2%, net earnings $3.7M, operating cash flow −$11.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $105M | +4% | -9% |
| Operating profit | −$1.3M | — | — |
| Net earnings | $3.7M | — | — |
| Operating cash flow | −$11.2M | — | — |
What changed
Revenue was $104.7M in Q1 2025, down 9% year over year and up 4% from the previous quarter.
Gross margin was 62.5%, up 30.4 points from a year earlier. Operating costs exceeded revenue by $1.3M, an operating margin of -1.2%. Operating expenses fell 7% while revenue fell 9%. Net earnings were $8.4M ($3.7M including minority interests, which bore $4.7M of losses). The effective tax rate was 19.5%. Non-operating items added $5.9M, 127% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$11.2M. Non-cash charges added back $6.0M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $25.8M. Capital expenditures of $65K exceeded it, leaving free cash flow of −$11.2M.
Questions
What was Porch Group's revenue in the first quarter 2025?
Porch Group (PRCH) reported revenue of $105M for the first quarter 2025 (Q1 2025), -9% from a year earlier and +4% from the quarter before.
Was Porch Group profitable in the first quarter 2025?
Operating loss was $1.3M (-1.2% of revenue) and net earnings $3.7M.
Source: Porch Group 10-Q on SEC EDGAR.