Porch Beats Q3 Estimates, Lifts Full-Year EBITDA Outlook to $135-140M
PRCH has more than doubled off its 52-week low of $6.36 on elevated volume (1.9× avg).
Summary
Porch delivered Q3 2026 results above its own expectations and raised full-year guidance for the second time. Consolidated revenue came in at $143.9 million, up 13% year-over-year, while Adjusted EBITDA (Excluding Reciprocal) more than doubled to $44.5 million from $20.6 million a year ago. Net income attributable to Porch swung to $12.2 million, or $0.10 per diluted share, versus a $10.9 million loss in Q3 2025. Insurance Services drove the quarter with $102.8 million of revenue, up 39%, and Reciprocal Policies Written grew 42% year-over-year, accelerating from 38% in Q2. Management now guides full-year 2026 Porch-Owned Segments revenue to $518-523 million and Adjusted EBITDA to $135-140 million, up from the prior $119-125 million range. The pending Allied Trust acquisition, announced October 13, is expected to close in Q1 2027 and is not included in guidance.
At the time of this announcement, PRCH was trading at $16.33 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.9B. The 52-week trading range was $6.36 to $18.75. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.