Porch Group backs FY25 adjusted EBITDA view $50M

Backs FY26 adjusted EBITDA view $100m. The company said, “Porch reiterated its Adjusted EBITDA targets of $50 million in 2025 and $100 million in 2026 and outlined its plans to achieve these results. Porch outlined its financial targets1,2,3, including: Porch Shareholder Interest Revenue of $380 million in 2025 and $460 million in 2026 A significant improvement in margins, including Porch Shareholder Interest Gross Profits of $297 million in 2025 and $365 million in 2026 And $100 million of Adjusted EBITDA1 in 2026, with Adjusted EBITDA margins reaching 22% The Company announced plans to operate under new segments effective Q1 2025: the three segments that will impact Porch Shareholder Interests3 are Insurance Services, Software & Data, and Consumer Services. The financial targets in this release reflect expected segment changes. Porch outlined financial targets2, including: Insurance Services: $200 million in revenue in 2025, scaling to $245 million in 2026, with 80% gross margins and 33% Adjusted EBITDA margins Software & Data: $105 million in revenue in 2025, scaling to $130 million in 2026, with 81% gross margins and 31% Adjusted EBITDA margins Consumer Services: $75 million in revenue in 2025, scaling to $85 million in 2026, with 76% gross margins and 24% Adjusted EBITDA margins Corporate costs are targeted to continue to reduce from $61 million in 2023 to $53 million expected in 2024 to $45 million in 2025 and $40 million in 2026, through continued focus on operational efficiency, reduction in overhead expenses, and use of lower cost locations. All assumptions include only mid-single digit improvements in housing market sales in 2025 and 2026, and modest revenue from Home Factors in 2025 and 2026. Porch expects greater than20% long-term Revenue growth rate and greater than40% Adjusted EBITDA margins with clear growth opportunities from its high margin businesses.”