Overview

* Porch Group ( PRCH ) 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 ( PRCH ) raises full-year revenue guidance to $410 mln-$420 mln, from prior outlook of

* 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/Mis Actual Consensu

s s

Estimate

Q3 Beat $115.10 $111.16

Revenue mln mln (7

Analysts

)

Q3 Net -$10.90

Income mln

Q3 Beat $20.60 $16.68

Adjusted mln mln (8

EBITDA Analysts

)

Q3 Cash $132.10

& mln

Investme

nts

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 ( PRCH ) 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:

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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.)