Dilution profile // every instrument, one screen, from SEC filings

Porch Group, Inc. (PRCH)

CIK 1784535 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGHS-3 on file 2024-08-09
= is there a registration (S-1/S-3 family) on file without a later withdrawal
no structured fee data on the live registrations, so this is a yes/no, not a size
Overhead supply
LOWwarrants = 0% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
MEDIUM+34% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
Cash need
LOWoperating cash flow positive
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-03-262026-07-24

Latest: 131.8M shares as of Jul 24, 2026 (10-Q).

Cash runway

Self-funding

generates cash

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 0 underlying shares, as reported Dec 31, 2025 (10-K).

Rough fully diluted estimate: 131.8M = 131.8M O/S + 0 warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
Senior Secured Convertible Notes 6.75 Due 2028$333.3M$333.3M$256.75%~13.3M sh
Senior Unsecured Convertible Notes Due 2030$134.0M$134.0M$15.729%~8.5M sh
Senior Unsecured Convertible Notes Due 2026$7.8M$7.8M$250.75%~312,000 sh

If every note above converted at its tagged price: ~22.2M new shares on 131.8M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.

Notes exactly as the company dimensioned them in its 10-Q filed Jul 29, 2026. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding131.8MJul 24, 2026
+ Warrants (aggregate, as tagged) (if exercised)0Dec 31, 2025
+ Senior Secured Convertible Notes 6.75 Due 2028 (if fully converted)13.3MJun 30, 2026
+ Senior Unsecured Convertible Notes Due 2030 (if fully converted)8.5MJun 30, 2026
+ Senior Unsecured Convertible Notes Due 2026 (if fully converted)312,000Jun 30, 2026
Fully diluted estimate154.0M+16.8% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

S-3Aug 9, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →
S-3Mar 15, 2024no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 1 executed · 0 registered.

EXECUTEDJun 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 28, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDMay 20, 2025Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEAug 21, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDAug 9, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDAug 6, 2024Unregistered share sale disclosed (8-K item 3.02)8-K
EFFECTIVEMay 13, 2024SEC declared a registration effective — selling can beginEFFECT
REGISTEREDMay 9, 2024S-3/A registration — capacity to sell shares, not a sale yetS-3/A
REGISTEREDMar 15, 2024S-3 registration — capacity to sell shares, not a sale yetS-3
EXECUTEDApr 21, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 17, 2023Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEAug 19, 2022Prospectus update — often a resale registration, not necessarily new capital424B3

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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