Porch Historical Income Statement
| PRCH Stock | USD 3.45 0.11 3.09% |
Historical analysis of Porch income statement accounts such as Selling General Administrative of 84.9 M, Selling And Marketing Expenses of 96.9 M, Total Revenue of 230.9 M or Gross Profit of 138 M can show how well Porch Group performed in making a profits. Evaluating Porch income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Porch's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Porch Group latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Porch Group is a good buy for the upcoming year.
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About Porch Income Statement Analysis
Porch Group Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Porch shareholders. The income statement also shows Porch investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Porch Income Statement Chart
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Depreciation And Amortization
The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.Total Revenue
Total revenue comprises all receipts Porch Group generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Porch Group minus its cost of goods sold. It is profit before Porch operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Most accounts from Porch's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Porch Group current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Porch Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. As of now, Porch's Cost Of Revenue is increasing as compared to previous years. The Porch's current Total Other Income Expense Net is estimated to increase to about 5.4 M, while EBIT is projected to decrease to (106.6 M).
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 137.1M | 168.4M | 210.1M | 138.0M | Total Revenue | 192.4M | 275.9M | 430.3M | 230.9M |
Porch income statement Correlations
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Porch Account Relationship Matchups
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Porch income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 7.1M | 14.7M | 5.8M | 8.7M | 31.8M | 33.4M | |
| Ebit | (83.1M) | (41.0M) | (111.1M) | (147.0M) | (101.5M) | (106.6M) | |
| Net Income Applicable To Common Shares | (103.3M) | (71.3M) | (109.1M) | (156.6M) | (140.9M) | (147.9M) | |
| Income Tax Expense | 96K | (1.7M) | (10.3M) | 842K | 622K | 653.1K |
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When determining whether Porch Group offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Porch's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Porch Group Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Porch Group Stock:Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Porch Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Is Application Software space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Porch. If investors know Porch will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Porch listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.66) | Revenue Per Share 4.589 | Quarterly Revenue Growth (0.14) | Return On Assets (0.06) | Return On Equity (153.11) |
The market value of Porch Group is measured differently than its book value, which is the value of Porch that is recorded on the company's balance sheet. Investors also form their own opinion of Porch's value that differs from its market value or its book value, called intrinsic value, which is Porch's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Porch's market value can be influenced by many factors that don't directly affect Porch's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Porch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Porch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Porch's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.