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PRCH Financial Statements and Analysis

NASDAQ : PRCH

Porch Group, Inc.

$6.60
2.81+74.14%
At Close 4:00 PM
$7.00
0.4+6.06%
After-Market 07:59 PM
64.69
BESG ScoreESG Rating

PRCH FINANCIAL STATEMENTS

An instrumental part of fundamental analysis is measuring key indicators of an asset, which are the factors that can influence its value and price. However, sometimes investors show more interest in financial statements with other factors to determine whether investing in that company is the right decision. Financial statements of a company include:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement

PRCH Income Statement

A company's income statement helps investors and business owners determine whether the company is profitable or losing money. Profitability is a key factor investors consider before investing in a stock. Income statements provide them with information about a company's profitability over time. The statement also enables them to observe trends in company spending and earnings since it breaks down individual costs and revenues. Income statements also provide details on where a company's money is going when it isn't profitable or its profits fluctuate.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
revenue111.20M110.844M115.443M114.612M129.556M
cost of revenue47.076M101.646M89.044M34.677M52.961M
gross profit64.124M9.198M26.399M79.935M76.595M
gross profit ratio0.5770.0830.2290.6970.591
research and development expenses014.731M13.92M14.611M14.446M
general and administrative expenses24.875M24.371M26.399M25.925M28.659M
selling and marketing expenses27.233M33.197M33.948M36.95M40.135M
selling general and administrative expenses52.108M46.362M45.939M44.967M68.794M
other expenses14.52M1.203M-12.00K-3.527M1.185M
operating expenses66.628M61.093M59.859M59.578M76.396M
cost and expenses113.704M162.739M148.903M94.255M129.357M
interest income492.00K360.00K434.00K3.81M2.515M
interest expense10.645M10.326M10.787M10.598M10.267M
depreciation and amortization6.049M20.902M24.217M5.914M6.272M
ebitda-2.504M-47.107M21.82M26.271M7.656M
ebitda ratio-0.023-0.28-0.080.2290.059
operating income-2.504M-51.895M-33.46M20.357M199.00K
operating income ratio-0.023-0.468-0.290.1780.002
total other income expenses net16.703M-11.156M20.276M-22.255M4.44M
income before tax14.199M-63.635M-13.184M-1.898M-5.628M
income before tax ratio0.128-0.574-0.114-0.017-0.043
income tax expense-183.00K688.00K178.00K588.00K116.00K
net income14.382M-64.323M-13.362M-2.486M-5.744M
net income ratio0.129-0.58-0.116-0.022-0.044
eps0.14-0.65-0.14-0.026-0.06
eps diluted0.14-0.65-0.14-0.026-0.06
weighted average shs out99.193M99.193M97.512M96.896M96.367M
weighted average shs out dil99.193M99.193M97.512M96.896M96.367M
Graph

PRCH Balance Sheet

Balance sheet summarizes a company's financials and can be used as a basis by investors to determine the value of a company. It shows the value of the stock, as well as the assets and liabilities of the company. A company's balance sheet displays how its assets are put to use and how those assets are financed, based on the liabilities section. Both investors and analysts analyze a company's balance sheet to determine how it allocates its resources.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
cash and cash equivalents206.728M285.365M315.893M297.232M343.008M
short term investments31.843M34.152M31.175M35.588M28.679M
cash and short term investments238.571M319.517M347.068M332.82M371.687M
net receivables124.747M126.167M96.22M107.87M125.381M
inventory000018.706M
other current assets43.552M18.168M16.666M13.214M45.981M
total current assets406.87M463.852M459.954M453.904M561.755M
property plant equipment net21.141M19.278M17.588M20.07M15.66M
goodwill191.907M191.907M191.907M191.907M191.907M
intangible assets73.273M77.80M82.505M87.216M91.952M
goodwill and intangible assets265.18M269.707M274.412M279.123M283.859M
long term investments165.935M101.409M103.137M117.017M86.689M
tax assets000013.673M
other non current assets8.138M21.86M26.022M29.279M5.748M
total non current assets460.394M412.254M421.159M445.489M405.629M
other assets00000
total assets867.264M876.106M881.113M899.393M967.384M
account payables5.145M3.134M5.25M8.761M9.054M
short term debt150.00K-45.386M-74.944M1.913M1.647M
tax payables00000
deferred revenue251.777M223.202M215.771M248.683M284.907M
other current liabilities234.435M260.436M222.808M202.795M226.215M
total current liabilities491.507M486.922M443.979M462.152M521.823M
long term debt398.882M436.635M432.082M435.495M433.083M
deferred revenue non current00000
deferred tax liabilities non current00000
other non current liabilities53.918M54.458M48.91M37.429M49.658M
total non current liabilities452.80M491.093M480.992M472.924M482.741M
other liabilities01.00000
capital lease obligations0001.63M1.897M
total liabilities944.307M978.015M924.971M935.076M1.005B
preferred stock00000
common stock10.00K10.00K10.00K10.00K10.00K
retained earnings-785.359M-799.741M-735.418M-722.056M-719.571M
accumulated other comprehensive income loss-1.058M-4.898M-4.69M-3.86M-7.643M
other total stockholders equity709.364M702.72M696.24M690.223M690.024M
total stockholders equity-77.043M-101.909M-43.858M-35.683M-37.18M
total equity-77.043M-101.909M-43.858M-35.683M-37.18M
total liabilities and stockholders equity867.264M876.106M881.113M899.393M967.384M
minority interest00000
total investments197.778M135.561M134.312M152.605M115.368M
total debt399.032M436.785M432.232M439.038M434.73M
net debt192.304M151.42M116.339M141.806M91.722M
Graph

PRCH Cash Flow

A cash flow statement is regarded as a valuable indicator of profitability and the long-term outlook for a company. It assists the company in evaluating whether it has sufficient funds to cover its expenses. Essentially, a cash flow statement represents an organization's financial health. The cash flow statement, which measures the business's ability to operate in the short as well as long term, is broken down into operating, investing, and financing activities.

Date2024-09-302024-06-302024-03-312023-12-312023-09-30
reported currencyUSDUSDUSDUSDUSD
calendar year20242024202420232023
periodQ3Q2Q1Q4Q3
deferred income tax-688.00K688.00K057.232M116.00K
stock based compensation6.735M7.105M5.368M432.00K6.979M
change in working capital-29.33M14.239M15.091M-41.269M73.986M
accounts receivables19.915M-29.325M7.735M22.442M-2.374M
inventory0000107.449M
accounts payables2.011M-2.116M-3.511M-287.00K-151.00K
other working capital-56.547M45.68M10.867M-63.424M-30.938M
other non cash items47.877M76.457M26.729M-172.809M2.066M
net cash provided by operating activities12.425M-25.97M8.465M-152.986M83.675M
investments in property plant and equipment5.213M-3.188M-2.356M-2.397M-2.292M
acquisitions net-10.87M522.00K10.348M02.188M
purchases of investments-83.66M-19.193M4.705M-31.164M-36.249M
sales maturities of investments21.359M17.926M4.705M11.511M12.288M
other investing activites6.985M-3.888M12.738M0-2.188M
net cash used for investing activites-60.973M-3.933M12.697M-22.05M-26.253M
debt repayment-3.15M0-3.15M-110.802M-276.00K
common stock issued0000-199.00K
common stock repurchased00000
dividends paid00000
other financing activites-16.989M-625.00K649.00K221.356M-83.00K
net cash used provided by financing activities-20.139M-625.00K-2.501M110.554M-558.00K
effect of forex changes on cash00068.342M-49.241M
net change in cash-68.687M-30.528M18.661M-64.482M56.864M
cash at end of period216.678M285.365M315.893M297.232M361.714M
cash at beginning of period285.365M315.893M297.232M361.714M304.85M
operating cashflow12.425M-25.97M8.465M-152.986M83.675M
capital expenditure5.213M-3.188M-2.356M-2.397M-2.292M
free cash flow17.638M-29.158M6.109M-155.383M81.383M
Graph

Frequently Asked Questions

How did Porch Group, Inc. do last quarter? What was its Total Revenue and Cost of Revenue?

A company's Total Revenue reveals how much money it generates before any expenses or deductions are made. As a result, this metric informs investors/stakeholders how much money the business makes. Tracking and understanding it is essential for evaluating a company's growth. As opposed to revenue, Cost of Revenue is any expenses a business incur to generate revenue. There can be high revenue in a business, but if the costs are high, it won't make a profit and will go out of business when money runs out. Therefore, PRCH generated $111.20M in revenue last quarter, while its costs came in at $47.08M.

Last quarter, how much Gross Profit did Porch Group, Inc. report?

A business's Gross Profit is a key indicator of its profitability and financial performance. In other words, it reflects how efficiently a business uses labor, raw materials, and other resources. Porch Group, Inc. reported a $64.12M Gross Profit for the quarter ended Sep 30, 2024.

Have PRCH's Total Operating Expenses and Operating Income been favorable recently?

Operational Expenses represent the costs a company must incur to generate revenue, which is the ultimate goal of a business, whereas Operating Income shows the revenue left after operational direct and indirect costs have been deducted. PRCH incurred $66.63M worth of Operating Expenses, while it generated -$2.50M worth of Operating Income.

How much Net Income has PRCH posted recently?

The Net Income of a company is one of the factors investors consider when investing in the company. According to recent earnings report from Porch Group, Inc., the company generated $14.38M in Net Income. When a company has a history of consistent net income, investors are more likely to invest in it since they know they will get a return.

At the end of the last quarter, how much Cash and Equivalents did Porch Group, Inc. have?

The amount of Cash and Cash Equivalents is an effective indicator of the financial strength and well-being of a company. An excess cash situation occurs when a company has more cash and cash equivalents than it needs for operating activities. The amount of Cash and Cash Equivalents available to Porch Group, Inc. as of the end of the last quarter was $206.73M.

What are PRCH's Total Net Receivables for the last quarter?

Total Net Receivables are a company's outstanding debts to its customers. Therefore, it refers to the amount that a company expects to collect from its customers. The higher a company's net receivables are, the more confident it is that it can collect money from its debtors. As of the end of the last quarter, PRCH had Total Net Receivables of $124.75M.

In terms of Total Assets and Current Assets, where did Porch Group, Inc. stand at?

An asset with an economic value within a year is considered a current asset. Total assets, however, also include long-term fixed assets, intangible assets, and other non-current assets. The current Assets of PRCH were $406.87M, while the Total Assets stand at $867.26M.

As of the last quarter, how much Total Debt did Porch Group, Inc. have?

The total debt of a business refers to how much it borrows. A company's current and long-term liabilities are added together to calculate its Total Debt. A debt ratio may be taken into account on a balance sheet by financial lenders, investors, and business leaders when making informed decisions about future loans or investments. The total amount of PRCH's debt was $399.03M at the end of the last quarter.

What were PRCH's Total Liabilities during the last reported quarter?

A company's total liabilities are the sum of all debts it is liable for, including any off-balance shee liabilities it may incur. This can be calculated by adding up all short-term and long-term liabilities. In its last quarter, PRCH reported total liabilities of $944.31M.

How much did PRCH's Working Capital change over the last quarter?

Working Capital Change for PRCH was -$29.33M over the last quarter. Working Capital Change refers to the difference between net working capital amounts at the end of one accounting period and the end of another. It tells investors/stakeholders how much the company's cash flow will differ from its Net Income (i.e., after-tax profits). More powerful companies often have positive Change in Working Capital numbers as they have increased control over collecting cash from customers and delaying payments to suppliers.

PRCH generated how much cash from operating activities?

An operating cash flow statement usually contains cash from operating activities in the first section. An organization's cash from operating activities refers to the money it takes in and takes out as a result of its regular business operations. PRCH generated $12.43M of Cash from Operating Activities during its recently reported quarter.

What was PRCH's latest reported Net Change in Cash?

An increase or decrease in cash and cash equivalent balances within a specified period is considered the net change in cash in a cash flow statement. Furthermore, it takes into account cash changes as a result of investments, financing, and operating activities. PRCH reported a -$68.69M Net Change in Cash in the most recent quarter.

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