Porch
Financials
Estimates*
| USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Revenues | 73.2m | 192m | 276m | 430m | 458m | 508m | 565m |
| % growth | (6 %) | 163 % | 43 % | 56 % | 6 % | 11 % | 11 % |
| EBITDA | (33.4m) | (67.3m) | (85.0m) | (105m) | (19.1m) | 28.5m | 38.7m |
| % EBITDA margin | (46 %) | (35 %) | (31 %) | (24 %) | (4 %) | 6 % | 7 % |
| Profit | (51.6m) | (109m) | (157m) | (134m) | (99.4m) | (72.8m) | (65.4m) |
| % profit margin | (70 %) | (57 %) | (57 %) | (31 %) | (22 %) | (14 %) | (12 %) |
| EV / revenue | 15.9x | 8.4x | 1.4x | 1.0x | 0.3x | 0.3x | 0.3x |
| EV / EBITDA | -34.9x | -24.1x | -4.5x | -4.3x | -7.6x | 5.1x | 3.7x |
| R&D budget | 28.3m | 47.0m | 59.6m | 58.5m | - | - | - |
| R&D % of revenue | 39 % | 24 % | 22 % | 14 % | - | - | - |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
$6.3m | Seed | ||
N/A | Seed | ||
$27.6m | Series A | ||
$65.0m | Series B | ||
N/A | Early VC | ||
$21.0m | Series C | ||
$322m | SPAC IPO | ||
* | N/A | $333m | Post IPO Convertible |
* | $25.0m | Post IPO Equity | |
| Total Funding | €109m | ||
Related Content
Recent News about Porch
EditPorch.com is a home services platform that connects homeowners with a wide range of home improvement, repair, and maintenance professionals. The company operates primarily in the home services market, serving clients who are homeowners looking to undertake various projects, from minor repairs to major renovations.
Porch's business model revolves around providing a comprehensive online marketplace where users can find and compare quotes from top-rated local professionals. The platform covers over 1,100 types of projects, including handyman services, electrical work, HVAC (heating, ventilation, and air conditioning), plumbing, flooring, lawn care, painting, window installation, appliance repair, remodeling, roofing, and door installation.
The company makes money through several revenue streams. Firstly, it charges professionals a fee to be listed on its platform and to receive leads from potential clients. Secondly, Porch offers premium services and tools to these professionals to help them manage their businesses more effectively. Additionally, Porch generates revenue through partnerships with major brands and insurance providers, offering users the ability to compare quotes and services quickly and efficiently.
Porch stands out by providing a satisfaction guarantee, known as the Porch Guarantee, which includes the Porch Property Protection program. This program ensures that clients are happy with the work performed, whether it's done by Porch's own team or a recommended professional from the Porch Pro Network. The platform also offers extensive resources, guides, and articles to help homeowners plan their projects and make informed decisions.
In summary, Porch.com is a robust home services platform that simplifies the process of finding and hiring quality professionals for home improvement projects. It serves homeowners by providing a reliable and efficient way to connect with local experts, ensuring satisfaction and peace of mind through its comprehensive guarantees and protections.
Keywords: home services, marketplace, homeowners, professionals, handyman, renovations, quotes, satisfaction guarantee, property protection, partnerships.
Tech stack
Investments by Porch
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