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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 119,295 $ 110,844 $ 224,040 $ 226,287
Cost of revenue 43,422 94,046 82,719 172,412
Gross profit 75,873 16,798 141,321 53,875
Operating expenses:        
Selling and marketing 26,858 33,197 56,374 67,145
Product and technology 13,076 12,927 26,277 25,219
General and administrative 30,890 23,153 54,887 48,658
Operating income (loss) 5,049 (52,479) 3,783 (87,147)
Other income (expense):        
Interest expense (12,056) (10,326) (23,302) (21,113)
Change in fair value of private warrant liability (2,878) 1,451 (3,610) 1,026
Change in fair value of derivatives 12,853 (8,207) 19,526 (6,724)
Gain on extinguishment of debt 34 0 34 4,891
Investment income and realized gains and losses, net of investment expenses 2,665 3,526 5,475 7,170
Other income, net 1,493 2,400 9,893 25,078
Total other income (expense) 2,111 (11,156) 8,016 10,328
Income (loss) before income taxes 7,160 (63,635) 11,799 (76,819)
Income tax benefit (provision) 1,087 (688) 184 (866)
Net income (loss) 8,247 (64,323) 11,983 (77,685)
Less: Net income attributable to the Reciprocal 5,668 0 1,009 0
Net income (loss) attributable to Porch $ 2,579 $ (64,323) $ 10,974 $ (77,685)
Earnings Per Share - Basic        
Net income (loss) attributable to Porch per share - basic (in usd per share) $ 0.03 $ (0.65) $ 0.11 $ (0.79)
Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - basic (in shares) 103,160 99,193 102,435 98,353
Earnings Per Share - Diluted        
Net income (loss) attributable to Porch per share - diluted (in usd per share) $ 0 $ (0.65) $ 0.10 $ (0.79)
Weighted average shares outstanding used to compute net income (loss) attributable to Porch per share - diluted (in shares) 131,679 99,193 114,741 98,353
Comprehensive Income        
Net income (loss) $ 8,247 $ (64,323) $ 11,983 $ (77,685)
Other comprehensive income (loss):        
Change in net unrealized loss, net of tax 1,081 (208) 3,691 (1,038)
Comprehensive income (loss) 9,328 (64,531) 15,674 (78,723)
Less: Comprehensive income attributable to the Reciprocal 6,735 0 4,458 0
Comprehensive income (loss) attributable to Porch $ 2,593 $ (64,531) $ 11,216 $ (78,723)