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PRCH • CIK 0001784535
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Revenues | — | $437,848 | $482,414 | $520,379 |
| Cost of Revenue | $220,243 | $225,627 | $142,424 | $143,282 |
| Gross Profit | — | — | $339,990 | $377,097 |
| Operating Income (Loss) | $-190,354 | $-64,571 | $36,570 | $40,489 |
| Nonoperating Income (Expense) | $57,043 | $33,859 | $-9,835 | $-35,377 |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $-133,311 | $-30,712 | $26,735 | $5,112 |
| Income Tax Expense (Benefit) | $622 | $2,117 | $11,417 | $13,991 |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-133,933 | $-32,829 | $15,318 | $-8,879 |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $18,679 | $4,566 |
| Net Income (Loss) Attributable to Parent | $-133,933 | $-32,829 | $-3,361 | $-13,445 |
| Selling and Marketing Expense | $144,307 | $122,873 | $139,578 | $164,600 |
| General and Administrative Expense | $103,192 | $98,406 | $105,200 | $111,936 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $37,180 | $239 | $5,325 | $5,245 |
| Goodwill and Intangible Asset Impairment | $57,232 | $0 | $0 | $0 |
| InterestExpenseNonoperating | — | $42,536 | $51,572 | $57,651 |
| Derivative, Gain (Loss) on Derivative, Net | — | — | $19,635 | $2,736 |
| Gain (Loss) on Extinguishment of Debt | $81,354 | $27,436 | $395 | $361 |
| Other Nonoperating Income (Expense) | $3,893 | $28,702 | $14,049 | $6,835 |
| Weighted Average Number of Shares Outstanding, Basic | 96,057,000 | 99,585,000 | 103,688,000 | 109,847,000 |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $21,584 | $-10,163 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | — | — | $24,359 | $4,105 |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $-131,622 | $-34,415 | $-2,775 | $-14,268 |
| Other Comprehensive Income (Loss), Net of Tax | — | — | $6,266 | $-1,284 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Property, Plant and Equipment, Net | $16,861 | $22,542 | $27,607 | $29,933 |
| Goodwill | $191,907 | $191,907 | $191,907 | $191,907 |
| Long-term Investments | $103,588 | $158,652 | $55,412 | $57,597 |
| Intangible Assets, Net (Excluding Goodwill) | $87,216 | $68,746 | $30,492 | $28,815 |
| Other Assets, Noncurrent | $5,314 | $6,994 | $6,541 | $6,381 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $297,232 | $196,782 | $169,111 | $195,604 |
| Assets | $899,393 | $813,968 | $797,423 | $818,992 |
| Long-term Debt, Excluding Current Maturities | $435,495 | $403,788 | $385,060 | $397,491 |
| Other Liabilities, Noncurrent | $37,429 | $39,249 | $14,987 | $11,435 |
| Liabilities | $935,076 | $857,193 | $775,037 | $799,616 |
| Cash and Cash Equivalents, at Carrying Value | $258,418 | $167,643 | $44,676 | $64,202 |
| Accounts Receivable, after Allowance for Credit Loss, Current | $24,288 | $19,106 | $11,307 | $12,100 |
| Short-term Investments | $35,588 | $24,099 | $12,616 | $4,215 |
| Prepaid Expense, Current | — | — | $6,440 | $4,827 |
| Prepaid Expense and Other Assets, Current | $13,214 | $15,295 | — | $9,912 |
| Deferred Policy Acquisition Cost | $27,174 | $17,542 | $0 | $0 |
| Restricted Cash, Current | — | $29,139 | $8,503 | $7,562 |
| Other Assets, Current | — | — | $4,666 | $7,744 |
| Assets, Current | $481,078 | $365,127 | $88,208 | $93,481 |
| Accounts Payable, Current | $8,761 | $4,538 | $4,046 | $2,602 |
| Contract with Customer, Liability, Current | $248,683 | $248,669 | $4,552 | $4,261 |
| Customer Refund Liability, Current | $17,980 | $12,629 | $12,535 | $10,854 |
| Long-term Debt, Current Maturities | $244 | $150 | $7,772 | $7,792 |
| Liabilities, Current | $462,152 | $414,156 | $67,782 | $64,573 |
| Common Stock, Value, Issued | $10 | $10 | $11 | $11 |
| Additional Paid in Capital | $690,223 | $717,066 | $622,996 | $638,558 |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $-3,860 | $-5,446 | $642 | $-525 |
| Retained Earnings (Accumulated Deficit) | $-722,056 | $-754,855 | $-648,268 | $-649,889 |
| Stockholders' Equity Attributable to Parent | $-35,683 | $-43,225 | $-24,619 | $-11,845 |
| Stockholders' Equity Attributable to Noncontrolling Interest | — | — | $47,005 | $31,211 |
| Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | — | — | $22,386 | $19,366 |
| Common Stock, Shares Authorized | 400,000,000 | 400,000,000 | 400,000,000 | 400,000,000 |
| Common Stock, Shares, Issued | 97,100,000 | 119,800,000 | 124,100,000 | 124,100,000 |
| Common Stock, Shares, Outstanding | 97,061,000 | 119,800,000 | 124,100,000 | 124,100,000 |
| Interest Payable, Current | — | — | $7,183 | $7,183 |
| (in thousands, except per share data) | FY 2023 | FY 2024 | FY 2025 | TTM |
|---|---|---|---|---|
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $-133,933 | $-32,829 | $15,318 | $-8,879 |
| Net Cash Provided by (Used in) Operating Activities | $33,929 | $-31,682 | $66,419 | $96,317 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $68,627 | $-100,450 | $-27,671 | $7,711 |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $297,232 | $196,782 | $169,111 | $182,460 |
| Depreciation, Depletion and Amortization | $24,415 | $25,522 | $24,468 | $28,660 |
| Payments to Acquire Property, Plant, and Equipment | $851 | $523 | $454 | $731 |
| Accounts Receivable, Credit Loss Expense (Reversal) | $37,180 | $239 | $5,325 | $5,245 |
| Payments for Software | $9,245 | $12,272 | $13,907 | $15,471 |
| Goodwill and Intangible Asset Impairment | $57,232 | $0 | $0 | $0 |
| Gain (Loss) on Extinguishment of Debt | $81,354 | $27,436 | $395 | $361 |
| Proceeds from Sale, Maturity and Collection of Investments | $46,832 | $67,789 | $89,562 | $78,322 |
| Gain (Loss) on Disposition of Business | — | $-5,331 | $0 | $0 |
| Proceeds from Divestiture of Businesses | — | $10,870 | $1,217 | $1,217 |
| Fair Value Adjustment of Warrants | — | $-691 | $4,013 | $403 |
| Payments to Acquire Businesses, Net of Cash Acquired | $1,974 | $0 | $0 | $0 |
| Net Cash Provided by (Used in) Investing Activities | $-56,253 | $-45,061 | $-71,921 | $-72,367 |
| Share-based Payment Arrangement, Noncash Expense | $20,709 | $27,181 | $28,952 | $31,187 |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | — | $-14,930 | $0 | $0 |
| Other Operating Activities, Cash Flow Statement | — | $-4,054 | $-2,596 | $-3,762 |
| Proceeds from Issuance of Debt | $116,667 | $0 | $51,000 | $0 |
| Repayments of Debt | $10,150 | $23,368 | $68,164 | $12,306 |
| Payments of Debt Issuance Costs | — | $0 | $2,206 | $0 |
| Payments for Repurchase of Common Stock | $5,608 | $0 | $0 | $2,511 |
| Proceeds from (Payments for) Other Financing Activities | $-210 | $-339 | $-2,799 | $-1,422 |
| Net Cash Provided by (Used in) Financing Activities | $90,951 | $-23,707 | $-22,169 | $-16,239 |
| Notes Reduction | — | — | $14,958 | $444 |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $12,212 | $23,763 | $29,006 | $34,313 |
| Income Taxes Paid, Net | $2,287 | $621 | $562 | $13,462 |
| Increase (Decrease) in Accounts Receivable | $-1,030 | $155 | $5,491 | $11,222 |
| Increase (Decrease) in Insurance Settlements Receivable | $-179,436 | $7,397 | $-53,562 | $-36,402 |
| Increase (Decrease) in Deferred Policy Acquisition Costs | $18,458 | $-9,632 | $9,165 | $27,127 |
| Increase (Decrease) in Accounts Payable | $2,491 | $-4,223 | $-162 | $-956 |
| Increase (Decrease) in Accrued Liabilities | $-1,386 | $-10,663 | $4,066 | $-9,174 |
| Increase (Decrease) in Other Insurance Liabilities | $-30,125 | $7,555 | $-15,306 | $1,597 |
| Increase (Decrease) in Deferred Revenue | $-21,583 | $-437 | $-24,982 | $33,719 |
| Increase (Decrease) in Other Operating Assets and Liabilities, Net | $3,481 | $-10,853 | $2,035 | $-5,252 |