Porch Group, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024, on February 25, 2025. The company achieved a record Adjusted EBITDA of $42 million in Q4 2024.
For the full year 2024, Porch Group reported positive Adjusted EBITDA for the first time, reaching $7 million. The fourth quarter also saw an impressive gross profit margin of 89%.
Looking ahead, the company provided 2025 guidance, expecting Adjusted EBITDA to increase to $60 million and projecting a gross margin of approximately 80%. This performance validates the strategic shift to a fee-based model and disciplined cost control.
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