Porch Group (PRCH) - Net Assets

Net assets on the balance sheet as of June 2024 : -₹8.56 B

According to Porch Group's latest financial reports the company has -₹8.56 B 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	$₹6.56 B	-59.35%
2021-12-31	$₹16.15 B	105.82%
2020-12-31	$₹7.84 B	-283.51%
2019-12-31	$-₹4.28 B

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