Porch Group (PRCH) - Net Assets

Net assets on the balance sheet as of September 2024 : -£60.85 Million

According to Porch Group's latest financial reports the company has -£60.85 Million in net assets.
A company’s net assets is the sum of its assets minus the sum of its liabilities.

Porch Group - Net assets on balance sheet (from 2020 to 2024)

Net assets by year

Year	Net assets	Change
2022-12-31	$£65.59 M	-59.21%
2021-12-31	$£0.16 B	104.21%
2020-12-31	$£78.73 M	-272.14%
2019-12-31	$-£45.74 Million

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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Porch Group (PRCH) - Net assets