XML 43 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Pay vs Performance Disclosure
$ / shares in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
Dec. 31, 2024
USD ($)
$ / shares
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
Value of Initial Fixed $100 Investment Based on:
Year
(1)
Summary Compensation Table
Total
for PEO
($)(2)
Compensation Actually Paid to
PEO
($)(3)
Average Summary
Compensation Table Total for
Non-PEO NEOs
($)(2)
Average Compensation Actually
Paid to Non-PEO NEOs
($)(3)
Company Total
Shareholder Return
($)(4)
Peer Group Total
Shareholder Return
($)(5)
Net Income (Loss)
(in thousands)
($)(6)
Adjusted EBITDA (Loss) (in thousands)
($)(7)
202514,545,617 36,786,422 4,897,307 11,528,995 64 248 15,318 76,604 
202412,760,578 22,388,040 4,199,271 6,945,312 34 201 (32,829)7,171 
20234,266,774 9,047,023 1,873,307 3,318,178 22 148 (133,933)(44,514)
202213,583,222 (5,051,506)896,705 (1,798,741)13 95 (156,559)(49,601)
20211,272,840 12,645,437 5,272,339 3,812,619 109 133 (106,606)(24,020)
        
Named Executive Officers, Footnote
(2)The dollar amounts reported in the table are the amounts of total compensation reported for Mr. Ehrlichman and the average amounts of total compensation reported for the other NEOs as a group, as listed in footnote (4), for each corresponding year in the "Total" column of the Summary Compensation Table, as applicable. See "NEO Compensation Tables—2025 Summary Compensation Table."
The PEO reported in the table represents Mr. Ehrlichman for all five years shown, and the other NEOs as a group represents Messrs. Neagle and Heimbinger for 2021, Messrs. Tabak, Neagle, and Heimbigner for 2022, and Messrs. Tabak and Neagle for years 2023, 2024, and 2025. The dollar amounts reported represent the amount of CAP as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Ehrlichman or the other NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table provides the adjustments that were made to Mr. Ehrlichman’s and the other NEOs' total compensation for 2025 to determine the CAP. 		       
Peer Group Issuers, Footnote Assumes an investment of $100 was made in the S&P 500 IT Index on December 31, 2020, and measures cumulative TSR from that date through and including December 31 of the most recent fiscal year.        
PEO Total Compensation Amount $ 14,545,617 $ 12,760,578 $ 4,266,774 $ 13,583,222 $ 1,272,840
PEO Actually Paid Compensation Amount $ 36,786,422 22,388,040 9,047,023 (5,051,506) 12,645,437
Adjustment To PEO Compensation, Footnote
(3)The PEO reported in the table represents Mr. Ehrlichman for all five years shown, and the other NEOs as a group represents Messrs. Neagle and Heimbinger for 2021, Messrs. Tabak, Neagle, and Heimbigner for 2022, and Messrs. Tabak and Neagle for years 2023, 2024, and 2025. The dollar amounts reported represent the amount of CAP as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Ehrlichman or the other NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table provides the adjustments that were made to Mr. Ehrlichman’s and the other NEOs' total compensation for 2025 to determine the CAP.
Fiscal Year 2025
PEO
($)		Non-PEO NEOs
($)
Summary Compensation Table Total14,545,617 4,897,307 
Adjustments: (a)
Less Reported Value of Equity Awards (b)
(12,599,322)(3,787,539)
Plus Value of Outstanding and Unvested Awards Granted During the Year18,299,291 5,467,302 
Plus Change in Value of Outstanding and Unvested Awards Granted in Prior Years14,437,885 4,064,568 
Plus Value as of Vesting Date of Awards Granted and Vested During the Year— — 
Plus Change in Value of Awards Granted in Prior Years and Vested During the Year2,191,325 887,357 
Minus Fair Value at the End of the Prior Year of Awards that Failed to Meet Vesting
Conditions During the Year
(88,374)— 
Compensation Actually Paid (CAP)$36,786,422 $11,528,995 

(a)    The fair values of RSUs and PRSUs included in the CAP to our PEO and the Average CAP to our other NEOs are calculated at the required measurement dates in accordance with FASB ASC 718, consistent with the approach used to value the awards at the grant
date as described in our Form 10-K. In accordance with Item 402(v) of Regulation S-K, the fair values of unvested and outstanding equity awards were remeasured as of the end of each year, and as of each vesting date. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the grant date. Any material changes to the RSU, PRSU, and stock option fair values from the grant date (for current year grants) and from prior year-end (for prior year grants) are based on our updated stock price at the respective measurement dates, and for PRSUs, updated estimates for performance outcomes.
(b)    The grant date fair value of equity awards represents the total of the amounts reported in the "Stock Awards" column in the Summary Compensation Table for the applicable year.
        
Non-PEO NEO Average Total Compensation Amount $ 4,897,307 4,199,271 1,873,307 896,705 5,272,339
Non-PEO NEO Average Compensation Actually Paid Amount $ 11,528,995 6,945,312 3,318,178 (1,798,741) 3,812,619
Adjustment to Non-PEO NEO Compensation Footnote The PEO reported in the table represents Mr. Ehrlichman for all five years shown, and the other NEOs as a group represents Messrs. Neagle and Heimbinger for 2021, Messrs. Tabak, Neagle, and Heimbigner for 2022, and Messrs. Tabak and Neagle for years 2023, 2024, and 2025. The dollar amounts reported represent the amount of CAP as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned by or paid to Mr. Ehrlichman or the other NEOs during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following table provides the adjustments that were made to Mr. Ehrlichman’s and the other NEOs' total compensation for 2025 to determine the CAP.
Fiscal Year 2025
PEO
($)		Non-PEO NEOs
($)
Summary Compensation Table Total14,545,617 4,897,307 
Adjustments: (a)
Less Reported Value of Equity Awards (b)
(12,599,322)(3,787,539)
Plus Value of Outstanding and Unvested Awards Granted During the Year18,299,291 5,467,302 
Plus Change in Value of Outstanding and Unvested Awards Granted in Prior Years14,437,885 4,064,568 
Plus Value as of Vesting Date of Awards Granted and Vested During the Year— — 
Plus Change in Value of Awards Granted in Prior Years and Vested During the Year2,191,325 887,357 
Minus Fair Value at the End of the Prior Year of Awards that Failed to Meet Vesting
Conditions During the Year
(88,374)— 
Compensation Actually Paid (CAP)$36,786,422 $11,528,995 

(a)    The fair values of RSUs and PRSUs included in the CAP to our PEO and the Average CAP to our other NEOs are calculated at the required measurement dates in accordance with FASB ASC 718, consistent with the approach used to value the awards at the grant
date as described in our Form 10-K. In accordance with Item 402(v) of Regulation S-K, the fair values of unvested and outstanding equity awards were remeasured as of the end of each year, and as of each vesting date. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the grant date. Any material changes to the RSU, PRSU, and stock option fair values from the grant date (for current year grants) and from prior year-end (for prior year grants) are based on our updated stock price at the respective measurement dates, and for PRSUs, updated estimates for performance outcomes.
(b)    The grant date fair value of equity awards represents the total of the amounts reported in the "Stock Awards" column in the Summary Compensation Table for the applicable year.
        
Compensation Actually Paid vs. Total Shareholder Return 6323        
Compensation Actually Paid vs. Net Income 6325        
Compensation Actually Paid vs. Company Selected Measure
549755826486
        
Total Shareholder Return Vs Peer Group 6323        
Tabular List, Table
MOST IMPORTANT PERFORMANCE MEASURES TO DETERMINE 2025 COMPENSATION ACTUALLY PAID
Adjusted EBITDA (Loss)Relative Total Shareholder ReturnPorch Shareholder Interest RevenueReciprocal Health Modifier
        
Total Shareholder Return Amount $ 64 34 22 13 109
Peer Group Total Shareholder Return Amount 248 201 148 95 133
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 15,318,000 $ (32,829,000) $ (133,933,000) $ (156,559,000) $ (106,606,000)
Company Selected Measure Amount | $ / shares 76,604 7,171 (44,514) (49,601) (24,020)
PEO Name Mr. Ehrlichman        
Additional 402(v) Disclosure We have never sponsored or maintained any defined benefit or actuarial pension plans. Therefore no pension value adjustments were made to the compensation actually paid amounts set forth in the table above. The Company has not paid nor accrued any dividends on equity awards in any applicable year.Assumes an investment of $100 was made in the Company's common stock on December 31, 2020, the last trading day before the Company's earliest year in the table, and measures cumulative TSR from that date through and including December 31 of the most recent fiscal year. Historical stock performance is not necessarily indicative of future stock performance. Reflects the Company's Net Income (Loss) as reported in our financial statements for the specified year.        
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted EBITDA (Loss)        
Non-GAAP Measure Description Reflects the Company's Adjusted EBITDA (Loss) as reported in our financial statements for the specified year.        
Measure:: 2          
Pay vs Performance Disclosure          
Name Relative Total Shareholder Return        
Measure:: 3          
Pay vs Performance Disclosure          
Name Porch Shareholder Interest Revenue        
Measure:: 4          
Pay vs Performance Disclosure          
Name Reciprocal Health Modifier        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (12,599,322)        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 18,299,291        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 14,437,885        
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,191,325        
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (88,374)        
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (3,787,539)        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,467,302        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,064,568        
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 0        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 887,357        
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 0