Filing Flows › Porch Group (PRCH) › Q2 2025
Porch Group (PRCH) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Porch Group (PRCH) reported revenue of $119M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +14% from the quarter before. Operating margin was 4.2%, net earnings $2.6M (2.2% of revenue).
Porch Group, Q2 2025: revenue $119M (+8% year over year), operating margin 4.2%, net earnings $2.6M, operating cash flow $35.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $119M | +14% | +8% |
| Gross profit | $75.9M | +16% | +352% |
| Operating profit | $5.0M | — | — |
| Net earnings | $2.6M | -69% | — |
| Operating cash flow | $35.6M | — | — |
| Free cash flow | $35.4M | — | — |
What changed
Revenue was $119.3M in Q2 2025, up 8% year over year and up 14% from the previous quarter.
Gross margin was 63.6%, up 48.4 points from a year earlier. Operating profit was $5.0M, a 4.2% margin (up 51.6 points year over year). Operating expenses grew 2% against revenue growth of 8%. The fastest-growing cost line was General & admin (+33%). Net earnings were $2.6M. The effective tax rate was -15.2%. Non-operating items added $2.1M, 29% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $35.6M, 431% of net income including minority interests. Non-cash charges added back $5.4M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items added $13.9M. Capital expenditures of $206K left free cash flow of $35.4M.
Questions
What was Porch Group's revenue in the second quarter 2025?
Porch Group (PRCH) reported revenue of $119M for the second quarter 2025 (Q2 2025), +8% from a year earlier and +14% from the quarter before.
Was Porch Group profitable in the second quarter 2025?
Operating profit was $5.0M (4.2% of revenue) and net earnings $2.6M.
Source: Porch Group 10-Q on SEC EDGAR.