Porch Group
PRCH on Nasdaq. Porch Group sells software and insurance to homeowners and home service companies. Market value $2.3bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: -106 cents. Above 10 is good.
We don't have this figure for this company.
Profit per $100 you pay: $-0.59.
Quality score: 16 of 100. Price score: 0 of 100. Our list needs 70 on quality and 60 on price.
$17.17 a share, 170% above its 1-year low
Over the past year the price has ranged from $6.36 to $18.37.
Pays no dividend
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $192m | $276m | $430m | $438m | $482m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.10bn | 0.10bn | 0.12bn | 0.12bn | 0.13bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 46.2% a year
- Buying back its own sharesNo, 31% more shares since 2021
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $141 million last quarter, up 12% on a year ago.
- Profit: $6 million, up 117% on a year ago.
- Spare cash over the past 12 months: $80 million. A year earlier it spent $4 million more than it brought in.
- 8% fewer shares than a year ago. Each share owns a bit more of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $111m |
| December 2024 | $100m |
| March 2025 | $105m |
| June 2025 | $126m |
| September 2025 | $118m |
| December 2025 | $140m |
| March 2026 | $121m |
| June 2026 | $141m |
| Quarter to | Amount |
|---|---|
| September 2024 | $14m |
| December 2024 | $30m |
| March 2025 | $8m |
| June 2025 | $3m |
| September 2025 | -$11m |
| December 2025 | -$3m |
| March 2026 | -$5m |
| June 2026 | $6m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 20 February 2026
- Next quarterly (estimated, 10-Q)
- 28 October 2026
Who owns it
2 long-term investors we follow own it, unchanged from 2 last quarter. 200 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Boston PartnersBoston Partners team | $709,510 | <0.1% | Added |
| Gotham Asset ManagementJoel Greenblatt | $206,499 | <0.1% | Added |
Largest holders overall
- Granahan Investment Management$186mCut
- BlackRock$129mAdded
- D. E. Shaw$80mAdded
- Vanguard Capital Management$68mAdded
- Gilder Gagnon Howe$66mAdded
- Park West Asset Management$53mCut
- Goldman Sachs Group$48mCut
- Geode Capital Management$39mAdded
- State Street$37mAdded
- Portolan Capital Management$37mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- Ehrlichman MattInsider or founder21.0%−0.8 ptsSince 21 May 2026
What they said
Other than as previously reported or reported below, Mr. Ehrlichman does not have any plan or proposal that would relate to or would results in (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an…
Read the filing - Granahan Investment Management LLCPassive investor11.0%+1.8 ptsSince 28 November 2025
- BlackRock, Inc.Passive investor7.2%+2.0 ptsSince 30 June 2026
- Park West Asset Management LLCPassive investorat least 4.8%−0.7 pts(filed with 2 related holders)Since 13 February 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
- FMR LLCPassive investorSold down below 5%Since 31 March 2025
| Holder | Stake | Since | |
|---|---|---|---|
Ehrlichman Matt Insider or founder | 21.0%−0.8 pts | 21 May 2026 | What they saidOther than as previously reported or reported below, Mr. Ehrlichman does not have any plan or proposal that would relate to or would results in (a) the acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; (b) an… Read the filing |
Granahan Investment Management LLC Passive investor | 11.0%+1.8 pts | 28 November 2025 | |
BlackRock, Inc. Passive investor | 7.2%+2.0 pts | 30 June 2026 | |
Park West Asset Management LLC Passive investor | at least 4.8%−0.7 pts (filed with 2 related holders) | 13 February 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 | |
FMR LLC Passive investor | Sold down below 5% | 31 March 2025 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought shares on the open market in the last 12 months. 4 sold $26m, $3m of it under preset trading plans.
- Neagle MatthewChief Operating OfficerSoldunder a preset trading plan
- Date
- 1 October 2026
- Shares
- 40,625
- Price
- $16.69
- Value
- $678,022
- Reierson Amanda LDirectorSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 33,135
- Price
- $16.46
- Value
- $545,313
- Neagle MatthewChief Operating OfficerSoldunder a preset trading plan
- Date
- 14 September 2026
- Shares
- 50,000
- Price
- $16.46
- Value
- $822,905
- Tabak ShawnCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 5 August 2026
- Shares
- 25,000
- Price
- $16.21
- Value
- $405,158
- Tabak ShawnCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 2 July 2026
- Shares
- 25,000
- Price
- $16.13
- Value
- $403,278
- Tabak ShawnCHIEF FINANCIAL OFFICERSold
- Date
- 2 June 2026
- Shares
- 3,944
- Price
- $10.87
- Value
- $42,871
- Tabak ShawnCHIEF FINANCIAL OFFICERSoldunder a preset trading plan
- Date
- 26 May 2026
- Shares
- 30,000
- Price
- $10.08
- Value
- $302,400
- Tabak ShawnCHIEF FINANCIAL OFFICERSold
- Date
- 20 May 2026
- Shares
- 10,881
- Price
- $9.78
- Value
- $106,416
- Neagle MatthewChief Operating OfficerSold
- Date
- 20 May 2026
- Shares
- 62,344
- Price
- $9.78
- Value
- $609,724
- Ehrlichman MattCEO, CHAIRMAN AND FOUNDER, DirectorSold
- Date
- 20 May 2026
- Shares
- 120,368
- Price
- $9.78
- Value
- $1m
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 October 2026 | Neagle Matthew Chief Operating Officer | Sold under a preset trading plan | 40,625 | $16.69 | $678,022 |
| 14 September 2026 | Reierson Amanda L Director | Sold under a preset trading plan | 33,135 | $16.46 | $545,313 |
| 14 September 2026 | Neagle Matthew Chief Operating Officer | Sold under a preset trading plan | 50,000 | $16.46 | $822,905 |
| 5 August 2026 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 25,000 | $16.21 | $405,158 |
| 2 July 2026 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 25,000 | $16.13 | $403,278 |
| 2 June 2026 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold | 3,944 | $10.87 | $42,871 |
| 26 May 2026 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold under a preset trading plan | 30,000 | $10.08 | $302,400 |
| 20 May 2026 | Tabak Shawn CHIEF FINANCIAL OFFICER | Sold | 10,881 | $9.78 | $106,416 |
| 20 May 2026 | Neagle Matthew Chief Operating Officer | Sold | 62,344 | $9.78 | $609,724 |
| 20 May 2026 | Ehrlichman Matt CEO, CHAIRMAN AND FOUNDER, Director | Sold | 120,368 | $9.78 | $1m |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the warning signs we check for were found.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 20 Feb 2026, plus the 10-Q filed 29 Jul 2026 and 4 later 8-Ks.
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
What could go wrong
- It owes more than it owns on paper (negative equity). Often that's from borrowing to buy back shares.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.