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PRCH Porch Group+28.2%Stock moveEarnings and guidance

Porch Group Stock Jumps 28% After Raising 2026 Outlook in Third-Quarter Results

The company reported Q3 2026 revenue up 13% and net income of $12.2 million, and raised full-year Porch-Owned Segments guidance.

By Zintick Team · Editor: Kratik Mehta
Published

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Key points

  • Porch shares rose 28.2% on Oct. 29, 2026, after third-quarter results beat its own expectations and guidance was raised
  • Q3 revenue $143.9 million, up 13% year over year; Insurance Services revenue up 39%
  • Net income attributable to Porch was $12.2 million versus a loss of $10.9 million a year earlier
  • Full-year Porch-Owned Segments Adjusted EBITDA guidance raised to $135 million to $140 million

Porch Group (Nasdaq: PRCH) shares rose 28.2% on Thursday, Oct. 29, 2026, closing at $20.89 from a previous close of $16.30, on volume five times normal. The S&P 500 ETF (SPY) fell 0.38% over the same session.

The move followed the company's third-quarter results, which it released in an 8-K filed after the close on Oct. 28, 2026. In the release, Porch said results for the quarter exceeded its expectations and that it had raised guidance for the rest of the year.

Insurance Services drives growth

Consolidated revenue was $143.9 million, up 13% from a year earlier. Insurance Services revenue rose 39% to $102.8 million. Reciprocal Policies Written grew 42% year over year, while Adjusted EBITDA (Excluding Reciprocal) more than doubled to $44.5 million. Net income attributable to Porch was $12.2 million, compared with a loss of $10.9 million a year earlier.

Guidance raised

For full-year 2026, Porch raised its Porch-Owned Segments revenue guidance to $518 million to $523 million, from a prior range of $506 million to $517 million. It also raised Adjusted EBITDA (Excluding Reciprocal) guidance to $135 million to $140 million, from $119 million to $125 million.

Pending Allied Trust deal

The release also described a pending acquisition of Allied Trust. The Reciprocal will acquire Allied Trust Insurance Company for an initial base price of $55 million in cash, and Porch will acquire Allied Trust's managing general agency and captive reinsurance entity for an aggregate base purchase price of $95 million. The company expects the deal to close in the first quarter of 2027. The filings do not state how investors weighed the acquisition against the results.

The company's cash, cash equivalents and investments of Porch totaled $157.6 million unrestricted at Sept. 30, 2026, and cash and cash equivalents including restricted cash were $230.5 million.

Sources

Written with AI from SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Porch Group page.