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Porch Group, Inc. PRCH Contract Liabilities and Refund Liability

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Other financials

Income statement

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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

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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

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Operating cash flow$13.0M+216%
CapEx$176.0K+171%
Free cash flow$12.8M+214%

Valuation

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Market cap$1.41B+27.8%
Enterprise value$1.63B+21.1%
P/S2.8×+0.2×

Profitability

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Gross margin73.3%+19.3pp
Operating margin10%
Net margin-3.3%
FCF margin18.1%

Returns & leverage

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Return on equity-144.9%-188pp
Debt / equity9.7×+7.6×
Current ratio1.3×-0.2×

Where this comes from

Reported directly by Porch Group, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CustomerRefundLiabilityCurrent.

The official record: Porch Group, Inc.’s 10-Q, filed April 28, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Porch Group, Inc.'s contract liabilities and refund liability?
Porch Group, Inc. (PRCH) reported contract liabilities and refund liability of $11.77M in Q1 2026.
How has Porch Group, Inc.'s contract liabilities and refund liability changed year-over-year?
Porch Group, Inc.'s contract liabilities and refund liability decreased by 7.8% year-over-year, from $12.77M to $11.77M.
What is the long-term trend for Porch Group, Inc.'s contract liabilities and refund liability?
Over 5 years (2020 to 2025), Porch Group, Inc.'s contract liabilities and refund liability has grown at a 36.3% compound annual growth rate (CAGR), from $2.66M to $12.54M.
What does contract liabilities and refund liability mean?
This represents deferred revenue from customer payments received in advance of service delivery, alongside estimated obligations for potential refunds. It reflects the company's performance obligations and the timing of revenue recognition for software subscriptions or transactional services. A growing balance often indicates strong forward-looking demand or changes in billing cycles.