Porch Beats Q3 Expectations, Raises 2026 Guidance for Second Time
PRCH has more than doubled off its 52-week low of $6.36 on elevated volume (2.0× avg).
Summary
Porch reported Q3 2026 revenue of $143.9 million and Adjusted EBITDA (Excluding Reciprocal) of $44.5 million, more than double last year, and raised full-year Adjusted EBITDA guidance to $135m-$140m from $119m-$125m.
Key Events · Earnings and Guidance · PRCH
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Q3 Revenue and Profit Beat
Consolidated revenue was $143.9 million, up 13% YoY, with net income attributable to Porch of $12.2 million versus a $10.9 million loss a year earlier.
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Adjusted EBITDA More Than Doubles
Adjusted EBITDA (Excluding Reciprocal) reached $44.5 million, up 116% from $20.6 million, on $161.0 million of Reciprocal Written Premium.
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Full-Year Guidance Raised Again
2026 Adjusted EBITDA guidance lifted to $135m-$140m from $119m-$125m; revenue to $518m-$523m from $506m-$517m; gross profit to $438m-$443m from $419m-$429m.
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Insurance Services Growth and Margin
Insurance Services revenue rose 39% to $102.8 million and segment Adjusted EBITDA hit 31% of Reciprocal Written Premium versus 18% a year ago.
Analysis · PRCH · Finance
Porch delivered Q3 revenue of $143.9 million (up 13% YoY) and Adjusted EBITDA (Excluding Reciprocal) of $44.5 million, more than double the prior-year $20.6 million, and swung to $12.2 million of net income attributable to Porch from a $10.9 million loss a year ago. Management raised full-year Adjusted EBITDA guidance to $135m-$140m from $119m-$125m — the second raise this year — which is the number that matters for a company still carrying $467.3 million of convertible debt. Insurance Services revenue grew 39% to $102.8 million while Reciprocal Policies Written rose 42%, and the segment is now running at a 31% Adjusted EBITDA margin on Reciprocal Written Premium versus 18% a year ago. The pending Allied Trust acquisition, expected to close in Q1 2027 at a multiple below four times earnings, is the next event that would change the earnings base.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39% of the 991 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PRCH was trading at $20.25 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 filing was assessed with positive market sentiment and an importance score of 8 out of 10.