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v3.26.1

Description of Business and Summary of Significant Accounting Policies (Tables) | 6 Months Ended
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Jun. 30, 2026
Accounting Policies [Abstract] |
Schedules of Concentration of the Reinsurers | The following table presents the concentration of the reinsurers that individually exceeded 10% of the reinsurance balance due as of June 30, 2026:
| June 30, 2026 |  | December 31, 2025
Reinsurer A | 14 | % |  | *
Reinsurer B | 11 | % |  | 16 | %
Reinsurer C | 10 | % |  | 23 | %
Reinsurer D | 10 | % |  | *
Reinsurer E | * |  | 14 | %
| 46 | % |  | 53 | %
______________________________________ *Represents reinsurers that did not individually exceed 10% of the reinsurance balance due as of the period presented.
Schedule of Cash, Cash Equivalents and Restricted Cash | The reconciliation of cash, cash equivalents, and restricted cash and cash equivalents to amounts presented in the unaudited Condensed Consolidated Statements of Cash Flows are as follows:
|  | June 30, 2026 |  | December 31, 2025
Cash and cash equivalents of Porch |  | $ | 54,140 |  | $ | 44,676
Restricted cash and cash equivalents of Porch |  | 7,562 |  | 8,503
Cash and cash equivalents of the Reciprocal |  | 133,321 |  | 115,373
Restricted cash and cash equivalents of the Reciprocal |  | 581 |  | 559
Total cash, cash equivalents, and restricted cash and cash equivalents |  | $ | 195,604 |  | $ | 169,111
Schedule of Restricted Cash and Cash Equivalents | The reconciliation of cash, cash equivalents, and restricted cash and cash equivalents to amounts presented in the unaudited Condensed Consolidated Statements of Cash Flows are as follows:
|  | June 30, 2026 |  | December 31, 2025
Cash and cash equivalents of Porch |  | $ | 54,140 |  | $ | 44,676
Restricted cash and cash equivalents of Porch |  | 7,562 |  | 8,503
Cash and cash equivalents of the Reciprocal |  | 133,321 |  | 115,373
Restricted cash and cash equivalents of the Reciprocal |  | 581 |  | 559
Total cash, cash equivalents, and restricted cash and cash equivalents |  | $ | 195,604 |  | $ | 169,111
The following table provides the components of restricted cash and cash equivalents on the unaudited Condensed Consolidated Balance Sheets:
|  | June 30, 2026 |  | December 31, 2025
Held as collateral by our wholly owned captive reinsurance business for benefit of the Reciprocal |  | $ | 29 |  |  | $ | 7 |
Held for payment of possible warranty claims | (1) |  | 6,533 |  |  | 7,496 |
Other |  | 1,000 |  |  | 1,000 |
Restricted cash and cash equivalents |  | $ | 7,562 |  |  | $ | 8,503 |
Restricted cash and cash equivalents of the Reciprocal: |  |  |  |
Pledged to state departments of insurance | (2) |  | $ | 581 |  |  | $ | 559 |
Total restricted cash and cash equivalents |  | $ | 8,143 |  | $ | 9,062
______________________________________ (1)Required under regulatory guidelines in 25 states and 26 states as of June 30, 2026, and December 31, 2025, respectively. (2)Pledged to the Department of Insurance in certain states as a condition of our Certificate of Authority for the purpose of meeting obligations to policyholders and creditors.
Schedule of Accrued Expenses | The following table details the components of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets.
|  | June 30, 2026 |  | December 31, 2025
Accrued expenses |  | $ | 15,213 |  | $ | 15,115
Payroll liabilities |  | 9,654 |  | 8,858
Interest payable |  | 7,183 |  | 7,183
Sales taxes payable |  | 4,306 |  | 4,472
Other current liabilities |  | 2,708 |  | 3,249
Accrued expenses and other current liabilities at Porch |  | $ | 39,064 |  | $ | 38,877
Schedule of Other Current Liabilities | The following table details the components of accrued expenses and other current liabilities on the unaudited Condensed Consolidated Balance Sheets.
|  | June 30, 2026 |  | December 31, 2025
Accrued expenses |  | $ | 15,213 |  | $ | 15,115
Payroll liabilities |  | 9,654 |  | 8,858
Interest payable |  | 7,183 |  | 7,183
Sales taxes payable |  | 4,306 |  | 4,472
Other current liabilities |  | 2,708 |  | 3,249
Accrued expenses and other current liabilities at Porch |  | $ | 39,064 |  | $ | 38,877
Schedule of Components of Other Insurance Liabilities, Current | The following table details the components of other insurance liabilities, current, on the unaudited Condensed Consolidated Balance Sheets. Other insurance liabilities were held by the Reciprocal as of June 30, 2026.
| June 30, 2026 |  | December 31, 2025
Ceded reinsurance premiums payable | $ | 2,414 |  | $ | 4,191
Commissions payable, reinsurers and agents | 15,766 |  | 11,655
Advance premiums | 8,828 |  | 5,961
Funds held under reinsurance treaty | 1,148 |  | 1,335
General and accrued expenses payable | 3,399 |  | 692
Other insurance liabilities, current | $ | 31,555 |  | $ | 23,834

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