Porch Q4 Revenue Reaches $124.3M, Exceeds Expectations
Reports Q4 revenue $124.3M, consensus $109.1M. "Porch had a pivotal year in 2025. We executed our transition to a simpler commission- and fee-based model, delivered outperformance each quarter, and translated that progress into strong cash generation for our shareholders and statutory surplus growth for the Reciprocal. Entering 2026, we're positioned to further scale Reciprocal Written Premium. Our confidence is reflected in our 2026 Porch Shareholder Interest outlook, which includes $98 million to $105 million of Adjusted EBITDA6 and a target of $600 million of Reciprocal Written Premium7, which would represent 25% year-over-year organic growth. We are seeing strong performance across our insurance business from adding new agencies, increasing quote volumes, improving conversion, and the launch of Porch Insurance to add a fundamentally differentiated product for customers. The Reciprocal's 2025 gross loss ratio of 27% continues to be best-in-class, supported by our unique property data and underwriting," said Matt Ehrlichman, Chief Executive Officer, Chairman and Founder.
