Overview

* Porch Group ( PRCH ) Q2 revenue rises to $107 mln

* Adjusted EBITDA for Q2 at $15.6 mln, beating analyst estimates, per LSEG data

Outlook

* Porch raises 2025 revenue guidance to $405 mln-$425 mln

* Porch increases 2025 gross profit guidance to $328 mln-$342 mln

* Porch lifts 2025 adjusted EBITDA guidance to $65 mln-$70 mln

Result Drivers

* PARTNERSHIPS - Renewed and new insurance agency partnerships, including Goosehead Insurance, contributed to Q2 results

* RECIPROCAL EXCHANGE - Formation of Porch Reciprocal Exchange impacts reporting and financial results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $15.60 $10.80

Adjusted mln mln (6

EBITDA Analysts

)

Q2 Cash $117.50

& mln

Investme

nts

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 ( PRCH ) is $14.50, about 11.3% above its August 4 closing price of $12.86

* The stock recently traded at 149 times the next 12-month earnings vs. a P/E of 288 three months ago

Press Release:

(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.)