Porch Group, Inc. (PRCH) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19
	10-K	10-K	10-K	10-K
Revenues:
Insurance	121.0	55.3	4.2
Vertical Software	154.9	137.2	63.8	59.3
Divested Businesses			4.3	18.3
Total revenues	275.9	192.4	72.3	77.6
Revenue growth	43.4%	166.2%	-6.8%
Loss and loss adjustment expenses	56.3	18.5
Policy acquisition costs	14.5	2.5
Other operating expenses	352.1	282.6	113.3	173.7
General and administrative	110.6	85.8	28.2	52.0
EBITDA	-87.7	-67.0	-37.0	-80.7
EBITDA margin	-31.8%	-34.8%	-51.2%	-104.1%
Depreciation	27.9	16.4	6.6	7.4
EBIT	-115.7	-83.4	-43.7	-88.1
EBIT margin	-41.9%	-43.3%	-60.4%	-113.6%
Interest income, net [+]	12.6	-34.2	-22.5	-22.7
Interest expense	8.7	5.8	14.7	7.1
Interest income	21.3	-28.4	-7.7	-15.6
Other income (expense), net	0.6	0.3	-6.9	-7.5
Pre-tax income	-155.7	-116.9	-55.7	-103.2
Income taxes	0.8	-10.3	-1.7	0.1
Tax rate		8.8%	3.0%
Net income	-156.6	-106.6	-71.3	-103.3
Net margin	-56.7%	-55.4%	-98.6%	-133.2%

Basic EPS	($1.61)	($1.14)	($1.96)	($3.31)
Diluted EPS	($1.61)	($1.14)	($1.96)	($3.31)

Shares outstanding (basic)	97.4	93.9	36.3	31.2
Shares outstanding (diluted)	97.4	93.9	36.4	31.2

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.