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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 64,202 $ 44,676
Accounts receivable, net 12,100 11,307
Short-term investments 4,215 12,616
Prepaid expenses 7,542 6,440
Restricted cash and cash equivalents 8,060 8,503
Other current assets 5,334 4,666
Total current assets 101,453 88,208
Property, equipment, and software, net 29,600 27,607
Goodwill 191,907 191,907
Long-term investments 57,597 55,412
Intangible assets, net 28,815 30,492
Other assets 6,381 6,541
Cash and cash equivalents, including restricted 179,356 169,111
Reinsurance balance due   37,653
Total assets 806,582 797,423
Current liabilities    
Accounts payable 3,431 4,046
Accrued expenses and other current liabilities 52,193 38,877
Deferred revenue 4,161 4,552
Refundable customer deposits 11,773 12,535
Current debt 7,782 7,772
Total current liabilities 79,340 67,782
Long-term debt 391,263 385,060
Other liabilities 12,046 14,987
Other insurance liabilities, current   23,834
Total liabilities 780,275 775,037
Commitments and contingencies (Note 16)
Stockholders' equity    
Common stock, $0.0001 par value per share 11 11
Additional paid-in capital 630,397 622,996
Accumulated other comprehensive income (loss) (316) 642
Accumulated deficit (655,492) (648,268)
Porch stockholders' deficit (25,400) (24,619)
Noncontrolling interest related to the Reciprocal 51,707 47,005
Total stockholders' equity 26,307 22,386
Total liabilities and stockholders' equity 806,582 797,423
Variable Interest Entity, Primary Beneficiary    
Current assets    
Cash and cash equivalents 106,524 115,373
Accounts receivable, net [1] 10,396 9,054
Short-term investments [1] 9,483 7,664
Restricted cash and cash equivalents 570 559
Long-term investments [1] 171,399 172,978
Intangible assets, net [1] 22,356 23,319
Other assets [1] 0 4
Cash and cash equivalents, including restricted [1] 107,094 115,932
Reinsurance balance due [1] 38,409 37,653
Prepaid expenses and other current assets [1] 3,223 3,945
Deferred policy acquisition costs [1] 28,469 26,707
Current liabilities    
Other liabilities [2] 818 818
Accounts payable and other current liabilities [2] 7,768 13,838
Deferred revenue [2] 215,235 219,559
Losses and loss adjustment expense reserves [2] 47,448 49,159
Other insurance liabilities, current [2] $ 26,357 $ 23,834
[1] Porch Reciprocal Exchange (the “Reciprocal”) is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements).
[2] The Reciprocal is a consolidated variable interest entity not owned by Porch Group, Inc. (see Note 3 in the unaudited Notes to Condensed Consolidated Financial Statements)