Porch (PRCH) Operating Leases (2021 - 2023)
Porch (PRCH) posted quarterly Operating Leases of $1.9 million for Q3 2023, down 36.08% year-over-year from $3.0 million in Q3 2022, and down 11.23% quarter-over-quarter from $2.1 million in Q2 2023.
Porch (PRCH) Operating Leases (2021 - 2023) Analysis & Trends
Porch (PRCH) has reported Operating Leases for 3 consecutive years, with $1.9 million the latest figure, recorded in Q3 2023.
- In Q3 2023, Operating Leases fell 36.08% year-over-year to $1.9 million; the TTM figure through Sep 2023 stood at $1.9 million (down 36.08% YoY), while the FY2022 annual figure was $2.5 million, down 5.86% from the prior year.
- Operating Leases slipped to $1.9 million in Q3 2023 per PRCH's latest filing, from $2.1 million in the prior quarter.
- Across five years, Operating Leases topped out at $3.6 million in Q2 2022 and bottomed at $1.9 million in Q3 2023.
- Historically, Operating Leases has averaged $2.6 million across 3 years, with a median of $2.6 million in 2022.
- On a YoY basis, Operating Leases climbed as much as 14.03% in 2023 and fell as far as 41.0% in 2023.
- Porch's Operating Leases stood at $2.7 million in 2021, then dropped by 5.86% to $2.5 million in 2022, then declined by 25.2% to $1.9 million in 2023.
- Business Quant data shows PRCH's Operating Leases at $1.9 million in Q3 2023, $2.1 million in Q2 2023, and $2.6 million in Q1 2023.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Chubb | 135.03 Bn | 121.26 Bn | 9.13 Bn |
| 2 | Progressive | 124.11 Bn | 119.11 Bn | 9.04 Bn |
| 3 | Travelers Companies | 79.44 Bn | 55.69 Bn | 4.83 Bn |
| 4 | Allstate | 67.36 Bn | 28.63 Bn | 16.28 Bn |
| 5 | Fairfax Financial Holdings | 35.31 Bn | 35.31 Bn | - |
| 6 | Cincinnati Financial | 26.77 Bn | 24.88 Bn | 2.39 Bn |
| 7 | Loews | 23.31 Bn | 1.01 Bn | 2.57 Bn |
| 8 | Markel | 23.15 Bn | 6.26 Bn | 2.83 Bn |
| 9 | Assurant | 14.05 Bn | 12.02 Bn | 2.71 Bn |
| 10 | Porch | 1.76 Bn | 1.55 Bn | 87.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2023 | 1.90 Mn |
| Jun 30, 2023 | 2.14 Mn |
| Mar 31, 2023 | 2.59 Mn |
| Dec 31, 2022 | 2.54 Mn |
| Sep 30, 2022 | 2.97 Mn |
| Jun 30, 2022 | 3.62 Mn |
| Mar 31, 2022 | 2.27 Mn |
| Dec 31, 2021 | 2.69 Mn |