Home services software firm Porch's Q3 revenue beats estimates, driven by insurance segment

Porch

05/11/2025 21:30

Overview

Porch Group Q3 revenue of $115.1 mln beats analyst expectations

Adjusted EBITDA for Q3 beats consensus, reaching $20.6 mln

Company raises gross profit and adjusted EBITDA guidance, driven by insurance services

Outlook

Porch Group raises full-year revenue guidance to $410 mln-$420 mln, from prior outlook of $405 mln to $425 mln

Company expects full-year Adjusted EBITDA of $70 mln

Porch prioritizes Reciprocal surplus generation to scale premiums in 2026

Result Drivers

INSURANCE SERVICES - Strong quoting activity and agency appointments drove results in Insurance Services

SOFTWARE & DATA INNOVATION - Continued introduction of new Home Factors in Software & Data segment

CONSUMER SERVICES PARTNERSHIPS - Partnership efforts progressed well, with lower warranty claims

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$115.10 mln
$111.16 mln (7 Analysts)
Q3 Net Income
-$10.90 mln
Q3 Adjusted EBITDA
Beat
$20.60 mln
$16.68 mln (8 Analysts)
Q3 Cash & Investments
$132.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Porch Group Inc is $20.50, about 28.7% above its November 4 closing price of $14.61

The stock recently traded at 95 times the next 12-month earnings vs. a P/E of 139 three months ago

Press Release: ID:nBw4rC9GQa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)