Porch Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Description of Business and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Revenue (Tables)

v3.21.2

Revenue (Tables)

9 Months Ended

Sep. 30, 2021

Revenue

Schedule of disaggregation of revenue


	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Core services revenue	$	32,955	$	17,265	$	72,664	$	38,102
Managed services revenue		14,248		1,911		28,561		9,744
Software and service subscription revenue		15,566		2,331		39,627		5,857
Total revenue	$	62,769	$	21,507	$	140,852	$	53,703

Summary of the activity impacting the contract assets


	Contract Assets
Balance at December 31, 2020	$	3,529
Estimated lifetime value of insurance policies sold by carriers		5,488
Cash receipts		(1,580)
Balance at September 30, 2021	$	7,437

Summary of the activity impacting the contract liabilities


	Contract
	Liabilities
Balance at December 31, 2020	$	3,193
Additions to contract liabilities		517
Additions to contract liabilities – significant financing component interest		150
Contract liabilities transferred to revenue		(2,351)
Balance at September 30, 2021	$	1,509

Summary of the activity impacting deferred revenue balances


	Deferred
	Revenue
Balance at December 31, 2020	$	5,208
Revenue recognized		(38,406)
Additional amounts deferred		80,910
Impact of acquisitions		142,425
Balance at September 30, 2021	$	190,137

- Definition

Tabular disclosure of contract assets from contract with customers.

+ References

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+ References

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

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Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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