Filing Flows › Porch Group (PRCH) › Q4 2025
Porch Group (PRCH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 20, 2026
Porch Group (PRCH) reported revenue of $124M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and +5% from the quarter before. Operating margin was 13.2%, net earnings $4.3M (3.5% of revenue).
Porch Group, Q4 2025: revenue $124M (+24% year over year), operating margin 13.2%, net earnings $4.3M, operating cash flow $1.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $124M | +5% | +24% |
| Gross profit | $112M | +28% | +29% |
| Operating profit | $16.5M | +0.7% | -34% |
| Net earnings | $4.3M | — | -86% |
| Operating cash flow | $1.2M | -97% | — |
| Free cash flow | $1.1M | -97% | — |
What changed
Revenue was $124.3M in Q4 2025, up 24% year over year and up 5% from the previous quarter.
Gross margin was 89.9%, up 3.9 points from a year earlier. Operating profit was $16.5M, a 13.2% margin (down 11.8 points year over year). Operating profit fell $8.6M even though revenue rose $23.9M versus a year earlier, so costs grew faster than sales. Operating expenses grew 56% against revenue growth of 24%. The fastest-growing cost line was Sales & marketing (+86%). Net earnings were −$3.5M. The effective tax rate was 62.8%.
Operating cash flow was $1.2M, 28% of net income including minority interests. Non-cash charges added back $7.2M of depreciation and amortization and $8.9M of share-based compensation. Working capital and other items used $19.2M. Capital expenditures of $92K left free cash flow of $1.1M.
Questions
What was Porch Group's revenue in the fourth quarter 2025?
Porch Group (PRCH) reported revenue of $124M for the fourth quarter 2025 (Q4 2025), +24% from a year earlier and +5% from the quarter before.
Was Porch Group profitable in the fourth quarter 2025?
Operating profit was $16.5M (13.2% of revenue) and net earnings $4.3M.
Source: Porch Group 10-K on SEC EDGAR.