PRCH · Porch Group, Inc.

Porch Group's second quarter 2026 results significantly exceeded expectations, driven by robust growth in Insurance Services and accelerating momentum in the Reciprocal Exchange. Consolidated revenue rose 12% year-over-year to $140.9 million, with the core Porch-Owned Segments (excluding the Reciprocal) growing 23% to $131.8 million. The Insurance Services segment led the way, with revenue up 38% to $92.9 million, fueled by a 38% increase in Reciprocal Policies Written. The company achieved its second consecutive quarter of positive net income attributable to Porch ($5.6 million), compared to $2.6 million in the prior-year quarter, and Adjusted EBITDA (Excluding Reciprocal) soared 150% to $39.1 million, reflecting improved operating leverage. Management credited higher quote volumes, stronger conversion rates, and expanding agency branch locations for the outperformance. CEO Matt Ehrlichman noted that the company is 'increasingly positioned for sustained profitability.' As a result, Porch raised its full-year 2026 guidance across all key metrics: Porch-Owned Segments Revenue is now expected to be $506 million to $517 million (up from $495-$507 million), Gross Profit $419-$429 million (from $401-$413 million), and Adjusted EBITDA $119-$125 million (from $103-$109 million). The company also highlighted a strong balance sheet with $119.2 million in unrestricted cash and investments at quarter-end, and $106 million in surplus notes from the Reciprocal. The execution marks a clear proof point that Porch’s integrated homeowners insurance model is delivering on its promise of profitable growth.