Net Loss Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings per Share, Basic and Diluted

The following table sets summarizes the computation of basic and diluted net loss per share attributable to common stockholders for the years ended December 31, 2024, 2023 and 2022.

	Year Ended December 31,
	2024		2023		2022
Numerator:
Net loss used to compute net loss per share - basic and diluted	$	(32,829)	$	(133,933)	$	(156,559)
Denominator:
Weighted average shares outstanding used to compute net loss per share - basic and diluted	99,585		96,057		97,351
Net loss per share - basic and diluted	$	(0.33)	$	(1.39)	$	(1.61)

Schedule of Antidilutive Securities Excluded from Computation of Earnings per Share

The following table discloses securities that were not included in the computation of diluted net loss per share because to do so would have been antidilutive for the periods presented.

	Year Ended December 31,
	2024	2023	2022
Stock options	3,181	3,642	3,863
Restricted stock units and awards	7,847	8,311	5,309
Performance restricted stock units	6,272	3,754	921
Public and private warrants	1,796	1,796	1,796
Earnout shares (1)	—	—	2,050
Convertible debt (2)	20,282	22,331	16,998
Contingently issuable shares in connection with acquisitions (3)	—	5,908	10,632

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(1)Earnout shares expired on December 23, 2023, without vesting and were subsequently cancelled.

(2)In connection with the September 16, 2021, issuance of the 2026 Notes, we used a portion of the proceeds to pay for the capped call transactions, which are expected to generally reduce the potential dilution to our common stock. The capped call transactions impact the number of shares that may be issued by effectively increasing our conversion price from $25 per share to approximately $37.74 per share, which would result in approximately 5 million potentially dilutive shares instead of the shares reported in this table as of December 31, 2024.

(3)In connection with the acquisition of Floify, we issued shares as partial closing consideration and guaranteed that the value of those shares would equal or exceed 200% of such price on or prior to December 31, 2024. If the value of those shares did not equal or exceed 200% of their value, we would have been obligated to settle any differences in cash, Porch common stock, or combination thereof. On March 27, 2024, we entered into a settlement agreement to settle a post-closing dispute. As part of this agreement, the sellers of Floify agreed to terminate this obligation in full.