Porch Group, Inc. reported second quarter 2026 financial results for the period ended June 30, 2026, announcing consolidated revenue of $140.9 million, a 12% year-over-year increase, and net income attributable to Porch of $5.6 million. Adjusted EBITDA (Excluding Reciprocal) grew 150% year-over-year to $39.1 million, driven by Insurance Services revenue of $92.9 million, which rose 38%, and Reciprocal Written Premium reaching $139.8 million. The company raised its full-year 2026 guidance for Porch-Owned Segments Revenue (Excluding Reciprocal) to a range of $506 million to $517 million, representing 21% to 23% year-over-year growth. Additionally, the filing disclosed that outstanding convertible debt stood at $475.1 million as of June 30, 2026. Porch Group operates in the homeowners insurance and technology services industry.

On June 10, 2026, Porch Group, Inc. subsidiary Porticus Reinsurance Ltd. entered into a Securities Purchase Agreement with Porch Reciprocal Exchange. Porticus purchased 2,092,050 shares of common stock for an aggregate price of $14,999,998.50, representing $7.17 per share. The transaction follows regulatory approvals from the Texas Department of Insurance and the Cayman Islands Monetary Authority. This exchange of common stock for cash aims to increase the Reciprocal's statutory surplus by converting non-admitted assets into cash. The Reciprocal retains approximately 16.2 million shares. Porch Group, Inc. provides technology-enabled insurance and home services.