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Porch Group, Inc. PRCH Contract Liabilities

Contract Liabilities at other companies

Erie Indemnity CompanyERIE

$22.94M+5.7%

Frontdoor, Inc.FTDR

$18M-5.3%

Segments

By segment

Software & Data$2.11M-38.1%

Other financials

Income statement

Revenue$121.1M+15.6%

Gross profit$90.8M+38.8%

Operating income$11.8M+1,033%

Net income-$4.7M-156%

EPS (diluted)-$0.04-157%

Balance sheet

Cash & equivalents$179.4M+8.0%

Total debt$399.0M-2.5%

Total equity-$25.4M+51.5%

Total assets$806.6M+0.5%

Cash flow

Operating cash flow$13.0M+216%

CapEx$176.0K+171%

Free cash flow$12.8M+214%

Valuation

Market cap$1.44B+30.0%

Enterprise value$1.66B+22.9%

P/S2.9×+0.3×

Profitability

Gross margin73.3%+19.3pp

Operating margin10%—

Net margin-3.3%—

FCF margin18.1%—

Returns & leverage

Return on equity-144.9%-188pp

Debt / equity9.7×+7.6×

Current ratio1.3×-0.2×

Questions, answered.

What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.