Porch Group (PRCH) - Net Assets

Net assets on the balance sheet as of June 2024 : -$0.11 Billion USD

According to Porch Group's latest financial reports the company has -$0.11 Billion USD 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	$$79.35 M	-63.44%
2021-12-31	$$0.21 B	102.23%
2020-12-31	$$0.10 B	-278.94%
2019-12-31	$-$59.98 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