Porch Group Q3 2026: EPS Beats Expectations, Guidance Raised
As seen on the 24/7 Wall St. homepage on October 28, 2026.
Porch topped expectations on both lines and raised full-year adjusted EBITDA guidance for its owned segments to $135 million to $140 million, implying 76% to 83% growth. Insurance Services margin did the heavy lifting, expanding to 49% from 34%.
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Porch Group posted third-quarter 2026 GAAP earnings of $0.10 per share, beating expectations and swinging from a year-ago net loss.
Insurance Services drove the outperformance, with segment margin expanding to 49% from 34% on higher policies written and new-customer premium.
Management lifted full-year Adjusted EBITDA guidance for its Porch-owned segments to $135 million to $140 million, with revenue guidance raised as well.
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Porch also announced a pending acquisition of Allied Trust, valued at less than four times expected first-year Adjusted EBITDA contribution, expected to close in Q1 2027 pending Texas Department of Insurance approval.
CEO Matt Ehrlichman said Adjusted EBITDA excluding the Reciprocal more than doubled year over year and leverage improved to the low end of the targeted range. He called Insurance Services a Rule of 80 business in a soft insurance market.
Reciprocal written premium per policy fell 17% year over year in a soft homeowners market, and the convertible debt load warrants attention even as the operating trajectory improves.
Mentioned: PRCH