Net Income (Loss) Attributable To Porch Per Share (Tables)

6 Months Ended

Jun. 30, 2025

Schedule of Earnings per Share, Basic and Diluted

The following table summarizes the computation of basic and diluted net income (loss) attributable to Porch per share for the three and six months ended June 30, 2025 and 2024:


	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
Numerator:
Net income (loss) attributable to Porch used to compute net income (loss) attributable to Porch per share - basic	$	2,579	$	(64,323)	$	10,974	$	(77,685)
Effect of interest expense on dilutive 2028 Notes	10,739		—		—		—
Effect of change in fair value of derivatives related to dilutive 2028 Notes	(12,853)		—		—		—
Net income (loss) attributable to Porch used to compute net income (loss) attributable to Porch per share - diluted	$	465	$	(64,323)	$	10,974	$	(77,685)
Denominator:
Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - basic	103,160		99,193		102,435		98,353
Effect of dilutive securities:
Stock Options	1,952		—		1,733		—
RSUs	5,554		—		4,882		—
PRSUs	7,681		—		5,691		—

2028 Notes	13,332		—		—		—

Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - diluted	131,679		99,193		114,741		98,353

Net income (loss) attributable to Porch per share - basic	$	0.03	$	(0.65)	$	0.11	$	(0.79)
Net income (loss) attributable to Porch per share - diluted	$	—	$	(0.65)	$	0.10	$	(0.79)

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


		Three Months Ended June 30,		Six Months Ended June 30,
		2025	2024	2025	2024
Stock options		224	3,270	266	3,270
Restricted stock units and awards		—	9,308	—	9,308
Performance restricted stock units	(1)	2,621	6,301	2,621	6,301
Private warrants		1,796	1,796	1,796	1,796
Convertible debt - 2026 Notes	(2)	822	8,679	822	8,679
Convertible debt - 2028 Notes		—	13,332	13,332	13,332
Convertible debt - 2030 Notes		8,527	—	8,527	—

______________________________________.

(1)For the three and six months ending June 30, 2025, this represent the number of performance restricted stock units at the end of the period that were excluded from the computation of diluted earnings per share because the performance conditions associated with these awards were not met assuming the end of the reporting period was the end of the performance period.

(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, which would result in approximately 0.5 million potentially dilutive shares instead of the shares reported in this table as of June 30, 2025.