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EarningsQ2 2026 Earnings Report
PRCH Q2 2026 EPS Results
Actual EPS$0.05
Consensus EPS-$0.03
Beat/MissBeat by +$0.08
One Year Ago EPS$0.03
PRCH Q2 2026 Revenue Results
Actual Revenue$140.88M
Expected Revenue$122.30M
Beat/MissBeat by +$18.58M
YoY Revenue Growth+18.10%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
PRCH Upcoming Earnings
Porch Group's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
PRCH Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveys largely positive momentum: strong, high‑margin growth coming from Insurance Services with accelerating policies written, raised full‑year guidance, a healthier reciprocal statutory surplus and inaugural reinsurance (cat bond). Offsetting items are concentrated and generally manageable in the near term — a softer homeowners pricing environment that briefly pressured conversion, non‑recurring benefits supporting some margin improvement, a Q2 storm, and subdued performance in housing‑tied Software & Data and Consumer Services. Management emphasized durable economics, AI/data advantages, and path to continued scaling and profitability.Company Guidance
Positive Net Income Milestone
Net income attributable to Porch shareholders was $6 million in Q2 and management expects positive net income for the full year 2026 and ongoing, marking a transition to sustained profitability.
Strong Insurance Services Growth and Margins
Insurance Services revenue was $93 million, up 38% year-over-year, with gross profit of $81 million (up 40% YoY) and an adjusted EBITDA of $44 million, up 126% YoY. Adjusted EBITDA margin for the segment reached 48% (vs. 29% prior year).
Rule of 50 and Company-Level Profitability
Company revenue excluding the reciprocal was $132 million (up 23% YoY) and adjusted EBITDA excluding the reciprocal was $39 million (2.5x YoY / ~150% increase). Management reported adjusted EBITDA margin excluding the reciprocal at ~30%, qualifying the company as a 'Rule of 50' business.
Raised Full-Year Guidance
Porch raised 2026 guidance: revenue excluding the reciprocal to $506–$517 million (midpoint $512M, +22% YoY), gross profit excluding reciprocal to $419–$429 million (midpoint +23% YoY), and adjusted EBITDA excluding reciprocal to $119–$125 million (midpoint $122M, +59% YoY).
Rapid Policy Growth and RWP Momentum
Total reciprocal policies written were ~59,000 in Q2, up 38% YoY. Reciprocal written premium (RWP) was $140 million in Q2 (+16% YoY). Management expects policy writes to ramp to more than 70,000 per quarter by year-end.
High Incremental Margins from Premium
RWP flowed to Insurance Services adjusted EBITDA at a ~32% conversion rate and to company adjusted EBITDA (ex-reciprocal) at ~28%, highlighting strong incremental margins as premium scales.
Strengthened Reciprocal Capital and Reinsurance
Reciprocal statutory surplus was $170 million, up 33% YoY (quarterly increase despite seasonal weather), supporting >$800M of premium and with capacity to approach $2B. The reciprocal also placed a $100 million cat bond to augment reinsurance.
Top-of-Funnel and Distribution Expansion
Producing agency branch locations grew 148% YoY and quote volumes grew 87% YoY, increasing sequentially for the seventh straight quarter — solidifying distribution expansion and the land-and-expand strategy.
Data & AI Productivity Gains
Porch highlighted proprietary data coverage (~90% of U.S. residential properties / homebuyer signals) and AI adoption: engineering productivity improved (2.4x lines of code changed; 73% increase in merge requests), ~10% cloud compute savings in targeted areas, and faster Home Factor model development (now ~100 Home Factors).
PRCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed