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Condensed Consolidated Statements of Stockholders’ Equity (Deficit) and Noncontrolling Interest (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
Total
Variable Interest Entity, Primary Beneficiary
Porch Stockholders' Equity (Deficit)
Common Stock
Additional Paid-in Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Noncontrolling Interest Related to the Reciprocal
Beginning balance (in shares) at Dec. 31, 2023       97,061        
Beginning balance at Dec. 31, 2023 $ (35,683)   $ (35,683) $ 10 $ 690,223 $ (3,860) $ (722,056) $ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (77,685)   (77,685)       (77,685)  
Other comprehensive income (loss), net of tax (1,038)   (1,038)     (1,038)    
Stock-based compensation (in shares)       2,925        
Stock-based compensation 12,473   12,473   12,473      
Exercise of stock options (in shares)       328        
Exercise of stock options 1,027   1,027   1,027      
Income tax withholdings (in shares)       (289)        
Income tax withholdings (1,003)   (1,003)   (1,003)      
Ending balance (in shares) at Jun. 30, 2024 [1]       100,025        
Ending balance at Jun. 30, 2024 (101,909)   (101,909) $ 10 702,720 (4,898) (799,741) 0
Beginning balance (in shares) at Mar. 31, 2024       97,869        
Beginning balance at Mar. 31, 2024 (43,858)   (43,858) $ 10 696,240 (4,690) (735,418) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) (64,323)   (64,323)       (64,323)  
Other comprehensive income (loss), net of tax (208)   (208)     (208)    
Stock-based compensation (in shares)       2,305        
Stock-based compensation 7,105   7,105   7,105      
Exercise of stock options (in shares)       85        
Exercise of stock options 213   213   213      
Income tax withholdings (in shares)       (234)        
Income tax withholdings (838)   (838)   (838)      
Ending balance (in shares) at Jun. 30, 2024 [1]       100,025        
Ending balance at Jun. 30, 2024 (101,909)   (101,909) $ 10 702,720 (4,898) (799,741) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Contributions to subsidiary (in shares)   4,500            
Contributions to subsidiary (in shares)   18,300            
Beginning balance (in shares) at Dec. 31, 2024 [2]       101,458        
Beginning balance at Dec. 31, 2024 (43,225)   (43,225) $ 10 717,066 (5,446) (754,855) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 11,983   10,974       10,974 1,009
Other comprehensive income (loss), net of tax 3,691   242     242   3,449
Issuance of convertible debt 13,400   13,400   13,400      
Stock-based compensation (in shares)       2,551        
Stock-based compensation 12,910   12,910   12,910      
Formation of Reciprocal 0   (22,646)   (138,096) 5,502 109,948 22,646
Exercise of stock options (in shares)       160        
Exercise of stock options 606   606   606      
Income tax withholdings (in shares)       (262)        
Income tax withholdings (1,553)   (1,553)   (1,553)      
Ending balance (in shares) at Jun. 30, 2025 [3],[4]       103,907        
Ending balance at Jun. 30, 2025 (2,188)   (29,292) $ 10 604,333 298 (633,933) 27,104
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Contributions to subsidiary (in shares)   18,300            
Beginning balance (in shares) at Mar. 31, 2025 [4]       101,837        
Beginning balance at Mar. 31, 2025 (32,049)   (52,418) $ 10 583,800 284 (636,512) 20,369
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income (loss) 8,247   2,579       2,579 5,668
Other comprehensive income (loss), net of tax 1,081   14     14   1,067
Issuance of convertible debt 13,400   13,400   13,400      
Stock-based compensation (in shares)       2,177        
Stock-based compensation 8,000   8,000   8,000      
Exercise of stock options (in shares)       119        
Exercise of stock options 513   513   513      
Income tax withholdings (in shares)       (226)        
Income tax withholdings (1,380)   (1,380)   (1,380)      
Ending balance (in shares) at Jun. 30, 2025 [3],[4]       103,907        
Ending balance at Jun. 30, 2025 $ (2,188)   $ (29,292) $ 10 $ 604,333 $ 298 $ (633,933) $ 27,104
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Contributions to subsidiary (in shares)   18,300            
[1] Excludes 4.5 million shares of common stock held by HOA as of June 30, 2024.
[2] Excludes 18.3 million shares of common stock held by HOA as of December 31, 2024.
[3] Excludes 18.3 million shares of common stock held by the Reciprocal as of June 30, 2025 (following the distribution of such shares to the Reciprocal in connection with the sale of HOA to the Reciprocal in the first quarter of 2025).
[4] Excludes 18.3 million shares of common stock held by the Reciprocal as of March 31, 2025 and June 30, 2025 (following the distribution of such shares to the Reciprocal in connection with the sale of Homeowners of America (“HOA”) to the Reciprocal in the first quarter of 2025).