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Porch Group (PRCH) Revenue & Revenue Breakdown

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Porch Group Revenue Highlights

Latest Revenue (Y)

$430.30M

Latest Revenue (Q)

$111.20M

Main Segment (Y)

Insurance

Porch Group Revenue by Period

Porch Group Revenue by Year

DateRevenueChange
2023-12-31$430.30M55.94%
2022-12-31$275.95M43.40%
2021-12-31$192.43M162.83%
2020-12-31$73.22M-5.64%
2019-12-31$77.59M-

Porch Group generated $430.30M in revenue during NA 2023, up 55.94% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

Porch Group Revenue by Quarter

DateRevenueChange
2024-09-30$111.20M0.32%
2024-06-30$110.84M-3.98%
2024-03-31$115.44M0.73%
2023-12-31$114.61M-11.53%
2023-09-30$129.56M31.18%
2023-06-30$98.77M13.04%
2023-03-31$87.37M36.27%
2022-12-31$64.11M-17.12%
2022-09-30$77.35M9.30%
2022-06-30$70.77M13.12%
2022-03-31$62.56M21.29%
2021-12-31$51.58M-17.82%
2021-09-30$62.77M22.26%
2021-06-30$51.34M91.98%
2021-03-31$26.74M37.05%
2020-12-31$19.51M-9.27%
2020-09-30$21.51M25.61%
2020-06-30$17.12M13.59%
2020-03-31$15.07M-17.82%
2019-12-31$18.34M-15.46%
2019-09-30$21.70M15.54%
2019-06-30$18.78M-
2019-03-31$18.78M-

Porch Group generated $111.20M in revenue during Q3 2024, up 0.32% compared to the previous quarter, and up 112.59% compared to the same period a year ago.

Porch Group Revenue Breakdown

Porch Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21Dec 20
Vertical Software$125.12M$154.91M--
Insurance$305.19M$121.03M--
Software subscription revenue--$57.00M-
Core services revenue--$98.28M-
Managed services revenue--$37.15M-
Software Subscription---$8.01M
Referral Network---$53.44M
Management Service---$11.77M

Porch Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Insurance (70.92%), and Vertical Software (29.08%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Insurance$79.95M$87.95M$86.89M$95.23M$64.33M$58.74M$34.30M$30.90M------
Vertical Software$31.25M$27.50M$27.73M$34.33M$34.44M$28.63M$32.95M$44.46M------
Software and service subscriptions--------$20.54M$17.96M----
Move-related transactions (excluding insurance)--------$17.54M$12.19M----
Post-move transactions--------$4.73M$4.53M----
Core services revenue----------$25.61M$32.95M--
Managed services revenue----------$8.59M$14.25M--
Software and service subscription revenue-----------$15.57M--
Service------------$28.68M-
Software And Service Subscription------------$12.99M$11.07M
Management Service------------$9.67M$4.64M
Referral Network-------------$11.02M

Porch Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Insurance (71.90%), and Vertical Software (28.10%).

Porch Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
PCORProcore$950.01M$295.88M
PYCRPaycor HCM$654.95M$167.48M
PRCHPorch Group$430.30M$111.20M
MLMoneyLion$423.43M$130.85M
CWANClearwater Analytics$368.17M$115.83M
ALKTAlkami$264.83M$85.91M
GRNDGrindr$259.69M$89.33M
SMRTSmartRent$236.84M$40.51M
VTEXVTEX$201.52M$52.65M
NRDYNerdy$193.40M$37.53M
ENFNEnfusion$174.53M$51.17M
ONTFON24$163.71M$37.35M
BLNDBlend Labs$156.85M$40.48M
EXFYExpensify$150.69M$35.41M
LAWCS Disco$138.09M$36.27M
PETWag! Group$83.92M$13.20M

PRCH Revenue FAQ

What is Porch Group’s yearly revenue?

Porch Group's yearly revenue for 2023 was $430.3M, representing an increase of 55.94% compared to 2022. The company's yearly revenue for 2022 was $275.95M, representing an increase of 43.40% compared to 2021. PRCH's yearly revenue for 2021 was $192.43M, representing an increase of 162.83% compared to 2020.

What is Porch Group’s quarterly revenue?

Porch Group's quarterly revenue for Q3 2024 was $111.2M, a 0.32% increase from the previous quarter (Q2 2024), and a -14.17% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $110.84M, a -3.98% decrease from the previous quarter (Q1 2024), and a 12.23% increase year-over-year (Q2 2023). PRCH's quarterly revenue for Q1 2024 was $115.44M, a 0.73% increase from the previous quarter (Q4 2023), and a 32.13% increase year-over-year (Q1 2023).

What is Porch Group’s revenue growth rate?

Porch Group's revenue growth rate for the last 3 years (2021-2023) was 123.61%, and for the last 5 years (2019-2023) was 454.55%.

What are Porch Group’s revenue streams?

Porch Group's revenue streams in c 23 are Vertical Software, and Insurance. Vertical Software generated $125.12M in revenue, accounting 29.08% of the company's total revenue, down -19.24% year-over-year. Insurance generated $305.19M in revenue, accounting 70.92% of the company's total revenue, up 152.15% year-over-year.

What is Porch Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Porch Group was Insurance. This segment made a revenue of $305.19M, representing 70.92% of the company's total revenue.