Shares of Porch Group, Inc. (NASDAQ: PRCH) skyrocketed 15.30% in after-hours trading on Tuesday following the release of its impressive first-quarter 2025 financial results. The home services platform provider significantly outperformed analyst expectations, demonstrating strong growth and improved profitability.

Porch Group reported quarterly earnings of $0.08 per share, dramatically beating the analyst consensus estimate of a $0.12 loss. This represents a remarkable turnaround from the $0.21 loss per share reported in the same period last year. Revenue for the quarter came in at $104.75 million, surpassing the analyst estimate of $79.44 million by 31.86%. Although this figure represents a 9.27% year-over-year decrease, the substantial beat against expectations likely contributed to the stock's surge.

The company's adjusted EBITDA for Q1 was $17 million, significantly higher than the IBES estimate of $5.98 million. This strong performance, coupled with a healthy cash and investments position of $113.8 million, suggests improved operational efficiency and financial stability. Furthermore, Porch Group provided a positive outlook for the fiscal year, projecting revenue between $400 million and $420 million, which may have further boosted investor confidence and contributed to the stock's after-hours rally.