Porch Group (PRCH) Revenue & Revenue Breakdown
Porch Group Revenue Highlights
Latest Revenue (Y)
$430.30M
Latest Revenue (Q)
$110.84M
Main Segment (Y)
Insurance
Porch Group Revenue by Period
Porch Group Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $430.30M | 55.94% |
| 2022-12-31 | $275.95M | 43.40% |
| 2021-12-31 | $192.43M | 162.83% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $110.84M | -3.98% |
| 2024-03-31 | $115.44M | 0.73% |
| 2023-12-31 | $114.61M | -11.53% |
| 2023-09-30 | $129.56M | 31.18% |
| 2023-06-30 | $98.77M | 13.04% |
| 2023-03-31 | $87.37M | 36.27% |
| 2022-12-31 | $64.11M | -17.12% |
| 2022-09-30 | $77.35M | 9.30% |
| 2022-06-30 | $70.77M | 13.12% |
| 2022-03-31 | $62.56M | 21.29% |
| 2021-12-31 | $51.58M | -17.82% |
| 2021-09-30 | $62.77M | 22.26% |
| 2021-06-30 | $51.34M | 91.98% |
| 2021-03-31 | $26.74M | 37.05% |
| 2020-12-31 | $19.51M | -9.27% |
| 2020-09-30 | $21.51M | 25.61% |
| 2020-06-30 | $17.12M | 13.59% |
| 2020-03-31 | $15.07M | -17.82% |
| 2019-12-31 | $18.34M | -15.46% |
| 2019-09-30 | $21.70M | 15.54% |
| 2019-06-30 | $18.78M | - |
| 2019-03-31 | $18.78M | - |
Porch Group generated $110.84M in revenue during Q2 2024, up -3.98% compared to the previous quarter, and up 126.87% compared to the same period a year ago.
Porch Group Revenue Breakdown
Porch Group Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|
| Insurance | $305.19M | $121.03M | - | - |
| Vertical Software | $125.12M | $154.91M | - | - |
| 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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Insurance | $87.95M | $86.89M | $95.23M | $64.33M | $58.74M | $34.30M | $30.90M | - | - | - | - | - | - |
| Vertical Software | $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 | - | - | - | - |
| Managed services revenue | - | - | - | - | - | - | - | - | - | $8.59M | $14.25M | - | - |
| Core services revenue | - | - | - | - | - | - | - | - | - | $25.61M | $32.95M | - | - |
| Software and service subscription revenue | - | - | - | - | - | - | - | - | - | - | $15.57M | - | - |
| Service | - | - | - | - | - | - | - | - | - | - | - | $28.68M | - |
| Management Service | - | - | - | - | - | - | - | - | - | - | - | $9.67M | $4.64M |
| Software And Service Subscription | - | - | - | - | - | - | - | - | - | - | - | $12.99M | $11.07M |
| Referral Network | - | - | - | - | - | - | - | - | - | - | - | - | $11.02M |
Porch Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Insurance (76.18%), and Vertical Software (23.82%).
Porch Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PCOR | Procore | $950.01M | $284.35M |
| PWSC | PowerSchool | $697.65M | $191.59M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| PRCH | Porch Group | $430.30M | $110.84M |
| ML | MoneyLion | $423.43M | $130.85M |
| CWAN | Clearwater Analytics | $368.17M | $106.79M |
| ALKT | Alkami | $264.83M | $82.16M |
| GRND | Grindr | $259.69M | $82.34M |
| SMRT | SmartRent | $236.84M | $48.50M |
| VTEX | VTEX | $201.52M | $52.65M |
| NRDY | Nerdy | $193.40M | $50.98M |
| ENFN | Enfusion | $174.53M | $49.45M |
| ONTF | ON24 | $163.71M | $37.35M |
| BLND | Blend Labs | $156.85M | $40.48M |
| EXFY | Expensify | $150.69M | $33.29M |
| LAW | CS Disco | $138.09M | $36.01M |
| PET | Wag! Group | $83.92M | $23.22M |
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 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). The company'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). PRCH's quarterly revenue for Q4 2023 was $114.61M, a -11.53% decrease from the previous quarter (Q3 2023), and a 78.77% increase year-over-year (Q4 2022).
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 Insurance, and Vertical Software. Insurance generated $305.19M in revenue, accounting 70.92% of the company's total revenue, up 152.15% year-over-year. Vertical Software generated $125.12M in revenue, accounting 29.08% of the company's total revenue, down -19.24% 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.