7Baggers
Quarterly
Annual
    Unit: USD2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 
      
    		              
      cash flows from operating activities:
    		              
      net income
    		30,474,000 14,382,000 -64,323,000 -13,362,000 -2,486,000 -5,744,000 -86,963,000 -38,740,000 -37,995,000 -86,391,000 -26,377,000 -5,796,000 -20,109,000 -5,099,000 
      adjustments to reconcile net income to net cash from operating activities
    		              
      depreciation and amortization
    		6,954,000 6,049,000 6,202,000 6,317,000 5,914,000 6,272,000 6,214,000 6,015,000 6,356,000 8,675,000 6,416,000 6,483,000 5,599,000 4,431,000 
      benefit from doubtful accounts
    		              
      impairment loss on intangible assets and goodwill
    		    0          
      gain on extinguishment of debt
    		0 -22,545,000 0 -4,891,000 0        0 3,133,000 
      loss on divestiture of business
    		0 0 87,000 5,244,000           
      change in fair value of private warrant liability
    		385,000 -50,000 -1,451,000 425,000 1,064,000          
      change in fair value of contingent consideration
    		-3,284,000 142,000 -1,351,000 1,051,000 -2,067,000          
      change in fair value of derivatives
    		-13,641,000 1,048,000 8,207,000 -1,483,000           
      stock-based compensation
    		7,973,000 6,735,000 7,105,000 5,368,000 432,000 6,979,000 6,404,000 6,894,000 6,396,000 5,089,000 9,702,000 5,854,000 9,231,000 5,884,000 
      non-cash interest expense
    		-330,000 10,311,000 6,879,000 10,434,000           
      gain on settlement of contingent consideration
    		0 0 0 -14,930,000           
      other operating activities
    		              
      change in operating assets and liabilities, net of acquisitions and divestitures
    		              
      accounts receivable
    		1,520,000 -127,000 -1,109,000 -439,000 2,374,000 -2,374,000 -1,589,000 2,619,000 3,753,000 1,268,000 -8,611,000 -1,296,000 2,519,000 -407,000 
      reinsurance balance due
    		11,059,000 1,586,000 -28,216,000 8,174,000 20,068,000          
      deferred policy acquisition costs
    		-967,000 -296,000 4,143,000 6,752,000           
      accounts payable
    		-607,000 2,011,000 -2,116,000 -3,511,000 -287,000 -151,000 2,998,000 -69,000 -449,000 3,978,000 -5,277,000 1,051,000 11,505,000 -1,867,000 
      accrued expenses and other current liabilities
    		1,490,000 -4,326,000 -9,656,000 1,829,000 7,937,000 1,583,000 -12,296,000 1,390,000 1,482,000 -10,359,000 5,503,000 -3,145,000 -19,012,000 6,323,000 
      losses and loss adjustment expense reserves
    		-32,825,000 -32,610,000 20,660,000 17,057,000 -34,272,000          
      other insurance liabilities, current
    		-34,613,000 6,553,000 26,457,000 9,158,000 -22,598,000          
      deferred revenue
    		-3,214,000 28,470,000 7,324,000 -33,017,000 -16,887,000 8,795,000 10,609,000 -24,100,000 -5,346,000 33,990,000 39,838,000 -2,228,000 10,608,000 27,124,000 
      refundable customer deposits
    		-497,000 -1,354,000 -1,560,000 -2,034,000 -1,677,000 -4,187,000 -3,454,000 -4,607,000 1,944,000 621,000 2,560,000 1,412,000 -1,104,000 -1,168,000 
      other assets and liabilities
    		3,860,000 -2,441,000 -1,688,000 11,122,000 -4,849,000          
      net cash from operating activities
    		-26,602,000 12,425,000 -25,970,000 8,465,000 -40,969,000 83,675,000 13,254,000 -22,031,000 -4,928,000 -10,502,000 10,985,000 -13,291,000 6,940,000 -10,945,000 
      capex
    		-3,874,000 -3,377,000 -3,188,000 -2,356,000 -2,397,000 -2,292,000 -2,624,000 -2,783,000 -2,661,000 -2,754,000 -2,294,000 -2,741,000 -1,474,000 -1,168,000 
      free cash flows
    		-30,476,000 9,048,000 -29,158,000 6,109,000 -43,366,000 81,383,000 10,630,000 -24,814,000 -7,589,000 -13,256,000 8,691,000 -16,032,000 5,466,000 -12,113,000 
      cash flows from investing activities:
    		              
      purchases of property and equipment
    		-192,000 -245,000 -45,000 -41,000 -75,000 -104,000 -316,000 -356,000 -364,000 -447,000 -372,000 -1,167,000 -384,000 -49,000 
      capitalized internal use software development costs
    		-3,682,000 -3,132,000 -3,143,000 -2,315,000 -2,322,000 -2,188,000 -2,308,000 -2,427,000 -2,297,000 -2,307,000 -1,922,000 -1,574,000 -1,090,000 -1,119,000 
      purchases of short-term and long-term investments
    		-12,777,000 -78,955,000   -31,164,000 -36,249,000 -18,192,000 -5,410,000 -33,060,000 -5,885,000 -4,726,000 -8,835,000 -4,880,000 -9,650,000 
      maturities, sales of short-term and long-term investments
    		23,799,000 21,359,000   11,511,000          
      proceeds from sale of business
    		0 0 522,000 10,348,000           
      acquisitions, net of cash acquired
    		    0        -77,749,000 -50,798,000 
      net cash from investing activities
    		7,148,000 -60,973,000 -3,933,000 12,697,000 -22,050,000 -26,253,000 -2,803,000 -5,147,000 -33,234,000 -8,040,000 -30,327,000 -8,077,000 -78,776,000 -53,359,000 
      cash flows from financing activities:
    		              
      proceeds from line of credit
    		              
      proceeds from advance funding
    		    0          
      repayments of advance funding
    		    -1,171,000          
      proceeds from issuance of debt
    		    0          
      repayments of principal
    		-169,000 -20,049,000 0 -3,150,000 0 0         
      cash paid for debt issuance costs
    		    -44,000          
      repurchase of stock
    		    0          
      other financing activities
    		              
      net cash from financing activities
    		-442,000 -20,139,000 -625,000 -2,501,000 -1,463,000 -558,000 100,246,000 -7,274,000 -10,227,000    -19,203,000 327,712,000 
      net change in cash and cash equivalents & restricted cash and cash equivalents
    		-19,896,000 -68,687,000 -30,528,000 18,661,000           
      cash and cash equivalents & restricted cash and cash equivalents, beginning of period
    		0 0 0 297,232,000           
      cash and cash equivalents & restricted cash and cash equivalents, end of period
    		-19,896,000 -68,687,000 -30,528,000 315,893,000           
      benefit from (recovery of) doubtful accounts
    		 -39,000             
      other
    		 -1,074,000 -1,083,000 -799,000 55,000 197,000 563,000 242,000 405,000 400,000 16,000 64,000 2,434,000 100,000 
      supplemental schedule of non-cash investing and financing activities
    		              
      non-cash reduction of convertible notes
    		 23,180,000 0 5,000,000           
      non-cash reduction in advanced funding arrangement obligations
    		 0 0 94,000           
      supplemental disclosures
    		              
      cash paid for interest
    		 457,000 11,087,000 969,000           
      income tax refunds paid
    		 8,000             
      purchases, maturities, sales of short-term and long-term investments
    		   4,705,000           
      income tax refunds received
    		   -174,000           
      change in fair value of earnout liability and derivatives
    		    1,777,000          
      capped call transactions
    		              
      proceeds from exercises of warrants
    		            -31,000 0 
      income tax withholdings paid upon vesting of restricted stock units
    		              
      net change in cash, cash equivalents, and restricted cash
    		    -64,482,000 56,864,000 110,697,000 -34,452,000 -48,389,000 -5,083,000 -20,958,000 -21,757,000 -91,039,000  
      cash, cash equivalents, and restricted cash, beginning of period
    		    0 0 0 228,605,000 0 0 0 324,792,000 0 0 
      cash, cash equivalents, and restricted cash end of period
    		    -64,482,000 56,864,000 110,697,000 194,153,000 -48,389,000 -5,083,000 -20,958,000 303,035,000 -91,039,000 263,408,000 
      interest expense
    		     10,386,000 8,294,000 1,534,000 -17,000 -52,000 1,293,000 1,046,000 2,320,000 0 
      prepaid expenses and other current assets
    		     -16,316,000 1,170,000 -10,826,000 1,151,000 1,461,000 -1,009,000 -6,749,000 -5,413,000 -1,564,000 
      long-term insurance commissions receivable
    		     -171,000 -362,000 -875,000 -335,000 -1,469,000 -1,400,000 -1,540,000   
      supplemental schedule of non-cash financing activities
    		              
      non-cash consideration for acquisitions
    		              
      gain on remeasurement of private warrant liability
    		      -15,000 -345,000 -95,000 -124,000 -4,078,000 -10,189,000   
      gain on remeasurement of contingent consideration
    		      -2,656,000 -154,000 1,693,000 565,000 1,481,000 3,205,000 -1,864,000 -66,000 
      gain on remeasurement of earnout liability and derivatives
    		              
      proceeds from exercises of stock options
    		              
      proceeds from sale of common stock
    		              
      payments of acquisition-related contingent consideration
    		              
      amortization of operating lease right-of-use assets
    		              
      loss on sale and impairment of property, equipment, and software
    		              
      gain on remeasurement of earnout liability
    		              
      amortization of investment premium/accretion of discount
    		              
      net realized losses on investments
    		              
      operating lease liabilities, non-current
    		              
      repayments of principal and related fees
    		       -499,000 -5,000,000 0 0 -150,000 -4,000,000 -42,815,000 
      loss on remeasurement of debt
    		              
      gain on divestiture of businesses
    		              
      loss on remeasurement of legacy porch warrants
    		              
      deferred income tax
    		              
      proceeds from recapitalization and pipe financing
    		              
      distribution to stockholders
    		              
      transaction costs - recapitalization
    		              
      proceeds from debt issuance, net of fees
    		            0  
      proceeds from issuance of redeemable convertible preferred stock, net of fees
    		              
      capped call transaction
    		              
      proceeds from exercises of stock options and legacy porch warrants
    		              
      deferred income tax benefit
    		              
      loss on sale and impairment of long-lived assets
    		              
      net cash (used) provided by financing activities
    		          -1,616,000 -389,000   
      contingent consideration - business combination
    		              
      non-refundable deposit for acquisition
    		           -4,950,000   
      settlement of contingent consideration related to a business acquisition
    		              
      loss on remeasurement of private warrant liability
    		              
      loss on remeasurement of earnout liability
    		              
      amortization of premium/accretion of discount
    		              
      divestiture of businesses net of cash disposed
    		              
      loss on remeasurement of warrants
    		             -2,691,000 
      deferred offering costs
    		              
      net realized (gains) losses on investments
    		              
      settlement of contingent consideration related to a business combination
    		              
      change in cash, cash equivalents, and restricted cash
    		              
      warrants issued for services
    		              
      deferred taxes
    		              
      divestiture of businesses, net of cash disposed
    		              
      proceeds from exercises of stock options and warrants
    		              
      adjustments to reconcile net income to net cash from operating activities:
    		              
      investment income from investments held in trust account
    		              
      changes in operating assets and liabilities:
    		              
      prepaid expenses
    		              
      accrued expenses
    		              
      franchise tax payable
    		              
      income tax payable
    		              
      cash deposited in trust account
    		              
      proceeds from sale of class b common stock to sponsor
    		              
      proceeds from note payable to related party
    		              
      repayment of note payable to related party
    		              
      proceeds received from initial public offering, gross
    		              
      proceeds received from sale of private placement warrants
    		              
      offering costs paid
    		              
      net increase in cash
    		              
      cash - beginning of the period
    		              
      cash - end of the period
    		              
      supplemental disclosure of noncash investing and financing activities:
    		              
      deferred underwriting commissions associated with the initial public offering
    		              
      offering cost included note payable to related party
    		              
      offering cost included in accounts payable
    		              
      offering cost included in accrued expenses
    		              
      value of common stock subject to possible redemption
    		              
      ●
    		              
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.