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Procore Technologies Stock PCOR

Procore Technologies, Inc. · SEC filings · Reporting currency USD · Quarterly reporting · Figures as of Q2 2026 · updated 2026-10-27 · ISIN US74275K1088 · WKN A2P1MS

Procore provides cloud-based construction management software to general contractors, specialty contractors, project owners, and developers worldwide. Procore Technologies stock (PCOR): Quarterly and annual results since 2023 from Quarterly Report and SEC filings: revenue, earnings, balance sheet, cash flow and management guidance, every figure with its source. As of 07/2026, quarterly reporting. Stock analysis by NadirAlpha. Procore Technologies stock (PCOR): listed on NYSE, WKN A2P1MS. NadirAlpha has evaluated 36 original documents, cross-checked every figure automatically and linked each to its source; sources as of 07/2026. Revenue Q2 2026: USD 375 million (+16% year on year). Latest reported (Q2 2026): Gross revenue retention rate, Total Remaining Performance Obligations, Total Remaining Performance Obligations prior year. Latest reading: Acquisition, Operating income turned positive, Net income turned positive, Cash flow inflection, Net cash to net debt.

strategy: Acquisition Operating income turned positive Net income turned positive Cash flow inflection Net cash to net debt ◦

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Procore Technologies Current Status

Where Procore Technologies stands after the report for Q2 2026: what changed in revenue, earnings and outlook, written editorially from the original report. NadirAlpha methodology

Assessment by NadirAlpha, as of Q2 2026.

Procore reported revenue of 375.2 million in Q2 2026, growing 16% year-over-year and achieving GAAP operating profitability 29. Net income was 16.9 million, or 0.11 per diluted share, and operating cash flow increased 185% year-over-year to 87.9 million 29. Procore Technologies also announced an agreement to acquire DroneDeploy for approximately $845.0 million in cash, with the transaction anticipated to close later in 2026 30.
Management commentary on the 2026-Q2 results (8-K-EX99.1, 2026-07-29):

“Our outstanding Q2 results demonstrate the continued value our platform provides to the construction industry. Customers are embracing our solutions, giving us more confidence in our direction, our ability to execute, and our future success. Procore offers users a system of collaboration that creates a powerful network effect across the industry, helping our customers achieve their business needs.”

Ajei Gopal, President and Chief Executive Officer 29

“We had strong Q2 performance, including achieving GAAP operating profitability. This achievement, alongside our 16% revenue growth and free cash flow generation, underscores our commitment to driving durable, profitable growth in FY26 and the long term.”

Rachel Pyles, Chief Financial Officer 29
Revenue · 2026-Q2375$ million+15.8 % vs. 2025-Q2
Net profit · 2026-Q217$ million+180.1 % vs. 2025-Q2
EPS · 2026-Q20.11$+178.6 % vs. 2025-Q2
Revenue trend
Guidance
For FY2026, Procore Technologies guides Revenue 1,510 to 1,514 $ million (raised); Operating margin 18.5 to 19% (raised); Free cash flow margin 19.5% (raised). 29 For 2026-Q3, Procore Technologies guides Revenue 382 to 384 $ million (confirmed); Operating margin 19 to 19.5% (confirmed). 29
Profitability
Procore achieved GAAP operating income of 4.3 million in Q2 2026, corresponding to a 1% GAAP operating margin, and non-GAAP adjusted operating income of 80.5 million at a 21% non-GAAP operating margin 29. For the six months ended June 30, 2026, gross profit grew $85.7 million, or 17%, to $587.6 million, with gross margin broadly stable at 80% 30. Free cash flow for the quarter was 80.9 million, after capital expenditures of 7 million.
Leverage
Procore ended Q2 2026 with cash and cash equivalents of 494.4 million, higher than the 386 million held at the close of Q1 2026. No explicit net debt figure or net-debt/EBITDA ratio was disclosed in the available period filings. To partially fund the pending DroneDeploy acquisition, the company entered into a commitment letter with Goldman Sachs Bank USA for a 364-day senior secured bridge loan facility of up to $700.0 million, which would introduce new debt obligations upon closing 30.
Recurring
Procore's gross revenue retention rate reached 95% in Q2 2026, reflecting low involuntary churn from the existing subscriber base 29. The number of customers contributing more than $100,000 in annual recurring revenue grew 14% year-over-year to 2,871 as of June 30, 2026 29. Current remaining performance obligations increased 22% to $1,072.5 million as of June 30, 2026, with 58% attributable to new customers and 42% to existing customers 30.
Management view
Procore launched new portfolio management and capital planning capabilities during Q2 2026 and announced a connected Common Data Environment designed to unify and verify project data across its platform 29. Procore Technologies also introduced an expanded Procore AI experience featuring a new suite of AI agents to support construction workflows 29. The agreement to acquire DroneDeploy, entered into July 27, 2026, is intended to add drone-based aerial intelligence and site documentation capabilities to the platform and is expected to close later in 2026 30.
Change
Procore's operating expenses in Q2 2026 included a $3.4 million increase in legal fees predominantly driven by the Oracle America trade secret dispute, which was filed in October 2024 and remains in pre-trial proceedings 30. U.S. government contracting activity faced increased uncertainty during the period following January 2025 Executive Orders affecting government spending policies 30. No major segment discontinuations, asset write-offs, or restructuring charges were disclosed for Q2 2026.
Risks (current)
Procore is subject to an active Oracle America lawsuit filed in October 2024 alleging misappropriation of trade secrets under the Defend Trade Secrets Act, related to the development of Procore Pay; the case is currently in pre-trial proceedings 30. Procore Pay requires money transmitter licenses across multiple U.S. states, and non-compliance could result in investigations, fines, business restrictions, or forced service cessation in certain jurisdictions 30. The pending DroneDeploy acquisition relies on a committed bridge loan facility of up to $700.0 million; if Procore cannot generate sufficient cash flow or refinance the facility, it may be required to sell assets, restructure debt, or face default on its obligations 30.
New this reporting period
Procore entered into an Agreement and Plan of Merger to acquire DroneDeploy on July 27, 2026, for approximately $845.0 million in cash, subject to adjustment, with the transaction anticipated to close later in 2026 30. Procore Technologies launched new portfolio management and capital planning capabilities and introduced a connected Common Data Environment to unify and verify project data during Q2 2026 29. An expanded Procore AI experience featuring a new suite of AI agents was also introduced in the quarter 29.

Procore Technologies Stock: Key Figures ($ million)

NadirAlpha shows fiscal years, half-years and quarters of Procore Technologies one below the other, most recently Q2 2026; every figure is clickable and leads to raw value, location and source. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

Revenue ($ million) · annual basis, as reported
Net income ($ million) · annual basis, as reported
EPS ($) · annual basis, as reported
Operating cash flow ($ million) · annual basis, as reported
Revenue ($ million) · quarterly basis, as reported
Net income ($ million) · quarterly basis, as reported
EPS ($) · quarterly basis, as reported
Operating cash flow ($ million) · quarterly basis, as reported
Cash ($ million) · annual basis, as reported
Capex ($ million) · annual basis, as reported
FCF ($ million) · annual basis, as reported
D&A ($ million) · annual basis, as reported
Cash ($ million) · quarterly basis, as reported
Capex ($ million) · quarterly basis, as reported
FCF ($ million) · quarterly basis, as reported
D&A ($ million) · quarterly basis, as reported
Shown: the most recent fiscal years. Full history since FY2020 is on record.

Fiscal years

Amounts in $ million · EPS in $ per share · as reported
Procore Technologies stock: key figures on annual basis, FY2023 to FY2025, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodRevenueOp. incomeOp. income (adj.)Net incomeEPS ($)EPS adj. ($)OCFSource
FY20251,322.5-124.3186.6-100.8-0.671.39300.326
FY20241,151.7-136.4110.95-106-0.720.94196.218
FY2023950-215.718.7-189.7-1.340.299210

Quarters

Amounts in $ million · EPS in $ per share · as reported
Procore Technologies stock: key figures on quarterly basis, 2023-Q1 to 2026-Q2, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodPublishedRevenueOp. incomeOp. income (adj.)Net incomeEPS ($)EPS adj. ($)FCFCashSource
2026-Q2*2026-07-29375.24.380.516.90.110.47°80.9494.4129
2026-Q1*2026-05-05359.3-15.760.8-9.1-0.060.34°73.838627
2025-Q4*2026-02-12349.1-42.851.9-37.6-0.25*≈0.38≈109.2480.7125
2025-Q3*2025-11-05338.9-1558.6-9.1-0.060.4383.1350.5123
2025-Q2*2025-07-31323.9-30.343.7-21.1-0.140.3527.9324.321
2025-Q1*2025-05-01310.6-36.232.4-33-0.220.2362313.719
2024-Q4*2025-02-13302-66.2-2.5-62.3-0.42*≈0.0117.4437.717
2024-Q3*2024-10-30295.9-36.526.3-26.4-0.180.2435.7439.315
2024-Q2*2024-08-01284.3-14.850-6.3-0.040.3956.8356.213
2024-Q1*2024-05-01269.4-18.937.1-11-0.080.3067.1427.711
2023-Q4*2024-02-15260-37.318-29.5-0.21*≈0.1738.5357.89
2023-Q3*2023-11-01247.9-50.47.7-43.8-0.310.0930.3318.37
2023-Q2*2023-08-02228.5-58.7-3-52.9-0.370.02-14.2312.55
2023-Q1*2023-05-03213.5-69.3-4-63.4-0.450.0127.13293
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
Columns not reported in this reporting cadence are hidden: EBITDA (adj.), Net Debt (not reported in any source for these periods).

Procore Technologies Balance Sheet & Cash Flow ($ million)

NadirAlpha places cash, debt, operating cash flow and investments of Procore Technologies side by side per period, balance sheet values as of the period end, flow items for the period. NadirAlpha extracts all values automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original. NadirAlpha methodology

Fiscal years

Amounts in $ million · as reported
Procore Technologies stock: balance sheet and cash flow on annual basis, FY2023 to FY2025, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodPublishedCashD&AOCFCapexFCFSource
FY20252026-02-12480.7110.6300.318.1282.225
FY20242025-02-13437.789.8196.219.117717
FY20232024-02-15357.871.69210.381.79

Quarters

Amounts in $ million · as reported
Procore Technologies stock: balance sheet and cash flow on quarterly basis, 2023-Q1 to 2026-Q2, in $ million. Compiled by NadirAlpha from SEC filings.
PeriodPublishedCashD&AOCFCapexFCFSource
2026-Q22026-07-29494.430.887.9780.9129
2026-Q12026-05-0538629.276.82.973.827
2025-Q42026-02-12480.727.3114.95.7109.2125
2025-Q32025-11-05350.529.288.55.483.1123
2025-Q22025-07-31324.327.230.8327.921
2025-Q12025-05-01313.726.96646219
2024-Q42025-02-13437.724.629.111.617.417
2024-Q32024-10-30439.324.239.33.535.715
2024-Q22024-08-01356.220.858.71.956.813
2024-Q12024-05-01427.720.169.12.167.111
2023-Q42024-02-15357.819.740.72.338.59
2023-Q32023-11-01318.317.733.73.430.37
2023-Q22023-08-02312.517.3-11.72.5-14.25
2023-Q12023-05-0332916.929.32.227.13
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.

Procore Technologies Guidance Tracking (latest per metric/period · 19/39)

What Procore Technologies guided for Q2 2026 and beyond and whether the targets were met; ranges count as met when the actual lies within. NadirAlpha methodology

Actuals: revenue in $m · ratios in %

Direction: confirmedinitiatedraised Verdict: beatmisspending

Procore Technologies: guidance and actuals per metric and period, 39 entries. Compiled by NadirAlpha from SEC filings.
For periodGuided onMetricGuidedActualVerdictDirectionSource
FY20272026-07-29Operating margin25%–29
FY20262026-07-29Revenue1,510–1,514–29
FY20262026-07-29Operating margin18.5–19%–29
FY20262026-07-29Free cash flow margin19.5%–29
2026-Q32026-07-29Revenue382–384–29
2026-Q32026-07-29Operating margin19–19.5%–29
2026-Q22026-05-05Revenue364–366375.227
2026-Q22026-05-05Operating margin17.5–18.5%1.1–27
2026-Q12026-02-12Revenue351–353359.325
2026-Q12026-02-12Operating margin14–15%-4.425
FY20252025-11-05Revenue1,312–1,3141,322.523
FY20252025-11-05Operating margin14%-9.423
2025-Q42025-11-05Revenue339–341349.123
2025-Q32025-07-31Revenue326–328338.921
2025-Q32025-07-31Operating margin13–13.5%-4.421
2025-Q22025-05-01Revenue310–312323.919
2025-Q22025-05-01Operating margin11–11.5%-9.419
2025-Q12025-02-13Revenue301–303310.617
2025-Q12025-02-13Operating margin7–8%-11.717
FY20242024-10-30Revenue1,146–1,1481,151.715
FY20242024-10-30Operating margin10.5–11%-11.815
2024-Q42024-10-30Revenue296–29830215
2024-Q42024-10-30Operating margin3–4%-21.915
2024-Q32024-08-01Revenue286–288295.913
2024-Q32024-08-01Operating margin9–10%-12.313
2024-Q22024-05-01Revenue274–276284.311
2024-Q22024-05-01Operating margin11–12%-5.211
2024-Q12024-02-15Revenue262–264269.49
2024-Q12024-02-15Operating margin7–8%-79
FY20232023-11-01Revenue937–9399507
FY20232023-11-01Operating margin0.5–1%-22.7–7
2023-Q42023-11-01Revenue247–2492607
2023-Q42023-11-01Operating margin2–3%-14.37
2023-Q32023-08-02Revenue232–234247.95
2023-Q32023-08-02Operating margin5–6%-20.35
2023-Q22023-05-03Revenue216–218228.53
2023-Q22023-05-03Operating margin7.5–8.5%-25.73
2023-Q12023-02-16Revenue202–204213.51
2023-Q12023-02-16Operating margin8.5–9.5%-32.51

Procore Technologies Stock: Price & Chart

Price history of Procore Technologies stock (PCOR) as a TradingView chart, loaded only after a click, alongside the trend of the key figures from the tables. NadirAlpha methodology

Daily candles with news and earnings markers. Loads only on click.

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Procore Technologies Event Timeline

What happened at Procore Technologies since 2023: events from the filings, grouped by quarter, with the source date and a clickable source number. NadirAlpha methodology

Overview: one dot per event · click jumps to the period
earningsrevenuemarginguidancestrategyfinancials2023-Q12023-Q22023-Q32023-Q42024-Q12024-Q22024-Q32024-Q42025-Q12025-Q22025-Q32025-Q42026-Q12026-Q2
2026 · 8 events

Net cash to net debt ◦ 2026-07-31
Entered debt financing commitment with Goldman Sachs for up to $700.0 million 364-day senior secured bridge loan to fund DroneDeploy acquisition 30
Acquisition 2026-07-31
Entered Agreement and Plan of Merger to acquire DroneDeploy for approximately $845.0 million in cash, transaction anticipated to close later in 2026 30
Operating income turned positive 2026-07-29
Achieved GAAP operating profitability with 1% operating margin in Q2 2026 29
Net income turned positive 2026-07-29
Net income turned positive for the first time after 25 negative periods (-9.1 to +USD 16.9 million). 129
Cash flow inflection 2026-07-29
Operating cash flow reached USD 87.9 million vs USD 30.8 million in 2025-Q2 (×2.9). 129

“We delivered strong Q1 financials. That performance, which exceeded the high end of our guidance, gives us even more confidence in the future, enabling us to increase our full-year outlook. I am particularly pleased that we have also strengthened our flagship platform, as well as our agentic AI capabilities.”

Ajei Gopal, President and Chief Executive Officer 27
Acquisition 2026-05-06
Acquired Toric Labs (Datagrid) in January 2026 to accelerate AI strategy 28
Margin expanding 2026-05-05
Non-GAAP operating margin improved to 17% from 10% year-over-year 27
Guidance raised 2026-05-05
Full-year revenue outlook raised to $1,499-$1,503 million range 27
2025 · 14 events

“We closed out a strong year with exceptional Q4 results. Procore has built an incredible franchise with amazing technology. We believe AI stands to be the next meaningful catalyst for our industry and that Procore is strongly positioned to be an AI winner as we drive immense efficiency gains across our customers and the entire construction lifecycle.”

Ajei Gopal, President and Chief Executive Officer 25
Strategic pivot 2026-02-24
Dr. Ajei Gopal appointed President and CEO effective November 10, 2025, replacing Craig Courtemanche 26
Revenue accelerating 2026-02-12
Q4 revenue grew 16% year-over-year to 349.1 million 25
Margin expanding 2026-02-12
Non-GAAP operating margin improved to 15% in Q4 2025 from negative 1% in Q4 2024 25

“With this quarter's strong results, I am pleased to be giving Ajei Gopal a strong foundation as he steps into the CEO role next week. We are the clear market leader in one of the largest industries in the world, we have built an unrivaled platform that we believe is well-positioned to harness the power of AI for our customers, and our go-to-market model is yielding positive returns. And now, with Ajei's proven operational expertise and leadership, we will be even better positioned to drive durable growth while unlocking further shareholder value.”

Tooey Courtemanche, Founder, President, and CEO of Procore 23
Margin expanding 2025-11-05
Non-GAAP operating margin improved to 17% from 9% in Q3 2024 23
Partnership 2025-11-05
Announced Strategic Collaboration Agreement with AWS to accelerate AI product innovation and establish Procore availability in the AWS Marketplace 23
Regulation 2025-11-05
Achieved FedRAMP Moderate Equivalency Designation 23
EBITDA turned positive 2025-11-05
EBITDA turned positive for the first time after 4 negative periods (-3.0 to +USD 14.2 million). 123
Cash flow inflection 2025-11-05
Operating cash flow reached USD 88.5 million vs USD 39.3 million in 2024-Q3 (×2.3). 123

“Q2 represented another solid quarter and we remain well positioned for efficient growth. Our latest announcements unveiled at the Innovation Summit further cement Procore at the forefront of the construction industry's digital transformation.”

Tooey Courtemanche, Founder, President, and CEO 21
Margin compressing 2025-07-31
Non-GAAP operating margin declined to 13% from 18% in Q2 2024 21
Acquisition 2025-07-31
Announced acquisition of Flypaper Technologies to expand Building Information Modeling capabilities 21
Regulation 2025-07-31
Achieved FedRAMP In Process Designation and listed on FedRAMP marketplace 21

“Our Q1 performance represented a positive start to the year, reflecting our measurable ROI for our customers. Our ability to help customers achieve more with less positions us well to serve them as they navigate a dynamic environment.”

Tooey Courtemanche, Founder, President, and CEO 19
Acquisition 2025-05-02
Acquired Novorender AS in January 2025, a 3D viewer and building information modeling platform 20
Margin compressing 2025-05-01
Non-GAAP operating margin declined to 10% from 14% in Q1 2024 due to increased personnel and hosting costs 19
Guidance initiated 2025-05-01
Full-year 2025 revenue guidance of $1,286 to $1,290 million and non-GAAP operating margin of 13 to 13.5% 19
2024 · 16 events

“Our strong topline performance exceeded expectations, reinforcing our momentum heading into FY25.”

Tooey Courtemanche, Founder, President, and CEO 17
Margin expanding 2025-02-13
Non-GAAP operating margin improved 800 basis points to 10% for full year 2024 17
Guidance initiated 2025-02-13
Full year 2025 revenue guidance set at $1,285 to $1,290 million, representing 12% year-over-year growth 17
Strategic pivot 2025-02-13
Announced new AI products, AI Agents, Resource Management, Safety, and Scheduling capabilities at Groundbreak 2024 17

“We have made good progress on our go-to-market transition we announced last quarter. We believe this evolution will position us to become a multi-billion revenue company, while building deep and lasting partnerships with our customers.”

Tooey Courtemanche, Founder, President, and CEO 15
Strategic pivot 2024-10-31
Evolved GTM model in July 2024 to regional general manager structure covering North America, Europe, Asia-Pacific, Middle East, and public sector 16
revenue 2024-10-30
Revenue grew 19% year-over-year to USD 295.9 million in Q3 2024 15
New market 2024-10-30
Announced expansion of Procore Zones to UK, Australia, and New Zealand 15

“We are in the early innings of transforming one of the largest and least digitized industries in the world. I am excited about the future of Procore as we embark on the next phase of our journey by connecting everyone in construction on a global platform.”

Tooey Courtemanche, Founder, President, and CEO 13
Margin expanding 2024-08-02
Non-GAAP operating margin improved to 18% in Q2 2024 from negative 1% in Q2 2023 14
Acquisition 2024-08-02
Acquired Intelliwave Technologies in May 2024 to enhance Workforce Management solution 14
New market 2024-08-01
Launched FedRAMP authorization process to strengthen cloud security for Federal customers 13

“The highly complex and collaborative nature of our industry underscores the importance of our mission to connect everyone in construction on a global platform. Our trusted, innovative platform mirrors what the industry needs and will continue to deliver value to the industry in both the short and long term.”

Tooey Courtemanche, Founder and CEO of Procore 11

“2023 was a year of milestones at Procore as we surpassed $1B in total annual recurring revenue, reaffirmed our status as one of the best places to work in technology, and delivered numerous innovations on the platform. Our continued evolution leaves me optimistic about our ability to achieve our vision of improving the lives of everyone in construction.”

Tooey Courtemanche, Founder and CEO 9
Margin expanding 2024-05-02
Non-GAAP operating margin improved from negative 2% to positive 14% year-over-year 12
Strategic pivot 2024-05-02
January 2024 restructuring reduced headcount across cost of revenue, sales and marketing, and R&D 12
Guidance initiated 2024-05-01
Full year 2024 revenue guidance set at $1,140 to $1,144 million, representing 20% year-over-year growth 11
EBITDA turned positive 2024-05-01
EBITDA turned positive for the first time after 14 negative periods (-17.6 to +USD 1.1 million). 11
Cash flow inflection 2024-05-01
Operating cash flow reached USD 69.1 million vs USD 29.3 million in 2023-Q1 (×2.4). 11
Acquisition 2024-02-26
Acquired Unearth in September 2023 10
earnings 2024-02-15
Full-year non-GAAP operating margin improved to 2% from -10% in the prior year 9
2023 · 11 events

revenue 2024-02-15
Revenue increased 29% year-over-year to 260 million; surpassed $1 billion in total annual recurring revenue 9
Margin expanding 2024-02-15
Non-GAAP operating margin improved to 7% from -8% in Q4 2022 9

“We remain excited about the long-term opportunity ahead of us, as we continue to deliver technology that drives the efficiency and productivity gains that are critical for our customers in today's uncertain climate. Amidst a more challenging demand environment, we continued to advance our mission of connecting everyone in construction on a global platform, with a number of groundbreaking innovations to the Procore platform.”

Tooey Courtemanche, founder, president and CEO 7
Strategic pivot 2023-11-02
Ceased originations under materials financing program in October 2023 8
Adjusted result turned positive 2023-11-01
Returned to non-GAAP operating profitability with non-GAAP operating margin of 3% in Q3 7
revenue 2023-11-01
Revenue increased 33% year-over-year to 247.9 million in Q3 2023 7

“I'm proud of the results we delivered this quarter as we continued to work toward our vision of improving the lives of everyone in construction. We're delivering solutions that help the construction industry find valuable efficiencies in an uncertain environment. I am excited to showcase what digital and cultural transformation means for the industry at large at Groundbreak 2023.”

Tooey Courtemanche, Founder, President and CEO 5
revenue 2023-08-02
Revenue increased 33% year-over-year to 228.5 million in Q2 2023 5
Margin expanding 2023-08-02
Non-GAAP operating margin improved to -1% from -15% in Q2 2022 5

“I'm proud of the team's hard work in delivering our first quarter results. Looking ahead, our focus remains on solving the biggest challenges for construction and delivering a platform that helps our customers build better, safer and more efficiently.”

Tooey Courtemanche, Founder, President and CEO 3
revenue 2023-05-03
Revenue increased 34% year-over-year to 213.5 million in Q1 2023 3
Guidance initiated 2023-05-03
Full year 2023 revenue guidance initiated at $908 to $912 million, representing 26% to 27% year-over-year growth 3
New market 2023-05-03
Announced Procore Risk Advisors, a construction brokerage offering enhanced insurance solutions 3
Cash flow inflection 2023-05-03
Operating cash flow reached USD 29.3 million vs USD 10.3 million in 2022-Q1 (×2.8). 3

Procore Technologies Business Model

The Procore Technologies business model in brief: products, customers and revenue sources as the company itself describes them in its reports. NadirAlpha methodology

Procore provides cloud-based construction management software to general contractors, specialty contractors, project owners, and developers worldwide. The platform covers project management, financial management, and workforce management, with customers subscribing on annual or multi-year terms; fees are often linked to the volume of construction activity managed on the platform rather than a fixed per-seat structure. Revenue is predominantly recurring, driven primarily by existing customer retention and expansion; for the first half of 2026, 84% of revenue was attributable to existing customers and 16% to new customers 30. Procore continues to extend its platform through adjacent offerings including payments technology (Procore Pay), AI-assisted workflows, and, subject to close, drone-based site documentation through the planned DroneDeploy acquisition 30.

Procore Technologies Stock: Share-Price Drivers

Factors Procore Technologies itself names as material for its business development, reproduced neutrally, without price forecast and without assessment of our own. NadirAlpha methodology

Expansion of the Procore construction management platform into AI products and adjacent workflows while revenue growth decelerates and profitability turns positive
Procore reported revenue of 375.2 million with operating income of 4.3 million and net income of 16.9 million in 2026-Q2, a shift to positive results on a decelerating top-line, so the durability of platform adoption and new-product traction drives the share price 129.
AI product suite (Procore AI, AI agents, Agent Builder, Copilot, Assist)
Procore expanded its AI experience with AI agents and a Connected Common Data Environment, following the Agent Builder open beta and expanded Assist features, indicating a widening AI roadmap 29 23.
Platform breadth via acquisitions and mergers
Procore completed the Toric Labs (Datagrid) and Novorender acquisitions and announced a planned DroneDeploy merger, adding data, reality-capture and drone capabilities to the platform 30 28.
Public-sector push via government compliance
Procore obtained FedRAMP Moderate authorization for Procore for Government, opening the platform to U.S. federal customers 30.
Profitability improvement
Procore moved to positive operating income of 4.3 million and positive net income of 16.9 million in 2026-Q2 from an operating loss of 15.7 million in 2026-Q1, pointing to improving margins 129 127.
Revenue growth pace
Procore's revenue rose sequentially to 375.2 million but the growth cadence is decelerating across recent quarters 129.
Free cash flow generation
Procore generated operating cash flow of 87.9 million and free cash flow of 80.9 million in 2026-Q2 against capex of 7 million 129.

Sector trend: Demand for construction management software remains the central KPI, with Procore directing its roadmap toward AI agents, a connected common data environment and ecosystem integrations such as NVIDIA Omniverse and an AWS collaboration 29 27. Reported margins are improving as the company reaches positive operating income while top-line growth decelerates 129.

Procore Technologies Products & announcements (10/19 active+recent)

Product announcements of Procore Technologies from the reports: market launches, approvals, partnerships, with first mention and source; discontinued products are shown in grey. NadirAlpha methodology

Status: PlannedLaunched

Procore Technologies: product announcements from the filings, 19 entries. Compiled by NadirAlpha from SEC filings.
Product/LineSinceStatusSource
2026
New portfolio management and capital planning capabilities2026-0629
Expanded Procore AI experience with AI agents2026-0629
Connected Common Data Environment2026-0629
NVIDIA Omniverse DSX Blueprint integration2026-0327
Bundled package offerings2026-0226
2025
Procore Assist expanded features2025-0923
Procore Agent Builder Open Beta release2025-0923
FedRAMP In Process Designation2025-0621
Future State of Construction Report2025-0319
2024
FedRAMP authorization process (3x)2024-0630
Procore Zones expansion to UK, Australia and New Zealand2024-0915
Scheduling202417
Safety202417
Resource Management202417
Procore Artificial Intelligence and AI Agents202417
2023
Procore Pay2023-0926
Procore Copilot2023-097
Procore Connectability enhancements2023-097
Procore Risk Advisors2023-0312

Procore Technologies Transactions & Events (13)

Transactions of Procore Technologies since 2023: acquisitions, disposals, agreements and regulation, deliberately including smaller items; purchase prices only when the company names them. NadirAlpha methodology

Acquisitions · 7Partnerships/contracts · 2older: 4 (in the table)
202420252026

Acquisitions by Procore Technologies

Procore Technologies: Acquisitions, 11 entries. Compiled by NadirAlpha from SEC filings.
Transaction / stakeDateTypeSource
2026
DroneDeploy Merger2026-07Completed30
2025
Novorender acquisition2025-01Completed28
Acquired Novorender AS2025-01Completed30
Flypaper Technologies acquisition2025Completed26
Datagrid acquisition (2×)2025Completed30
2024
Intelliwave Acquisition2024Completed26
2023
Unearth2023Completed26
2021
Materials financing program (3×)2021-11Completed6
Levelset acquisition (materials financing program ceased October 2023)2021-11Completed30
Levelset acquisition2021Completed10
LaborChart acquisition2021Completed10

Partnerships and contracts of Procore Technologies

Procore Technologies: Partnerships & contracts, 2 entries. Compiled by NadirAlpha from SEC filings.
Transaction / stakeDateTypeSource
2025
Strategic Collaboration Agreement with AWS2025Agreement23
2023
Partnership with The B1M for Get Construction Talking mental health campaign2023-06Agreement5

Procore Technologies Risks (114 since the annual report of 2026-02-24, 315 tracked in total)

Risk factors Procore Technologies itself names in its reports, merged by topic across periods, with category, first mention and source; new risks of the latest period come first. NadirAlpha methodology

Category: CyberFinancialCustomersPeopleLegalRegulatoryESGSupply chainMarketTechnologyCompetitionMacroGeopolitics

Procore Technologies: risk factors as reported, 114 since the last annual report, 315 tracked. Compiled by NadirAlpha from SEC filings.
RiskCategoryLast reported
Procore Technologies: first mention in 10-Q quarterly report of 2026-07-31 (2026-Q2), source 30
Cyberattacks, ransomware, malware, credential harvesting, supply chain attacks threaten sensitive customer data including building plans for regulated industries=
DroneDeploy Merger financing includes committed acquisition debt; inability to generate sufficient cash flow or refinance may require asset sales, debt restructuring, or default on obligations=
Significant customer base uses credit card billing; exposed to fraudulent chargebacks; excessive claims could result in fines and loss of card acceptance rights.=
Craig F. Courtemanche Jr. resigned as President and CEO effective November 10, 2025; Dr. Ajei S. Gopal appointed CEO; at-will employment may lead to key personnel departures=
Oracle filed October 2024 lawsuit alleging misappropriation of trade secrets via Defend Trade Secrets Act related to Procore Pay development; case in pre-trial phase=
Ongoing lawsuit with Oracle America Inc. generating significant legal fees; 3.4 million increase in legal fees predominantly related to this dispute.=
Officers, directors, and principal stockholders own significant percentage; may prevent new investors from influencing major corporate decisions.=
Government contracts less favorable than commercial terms, subject to investigations/audits, statutory termination rights, specific certifications/technical requirements; January 2025 Executive Orders create uncertainty on government spending policies=
Procore Pay requires money transmitter licenses in multiple states; non-compliance risks investigations, fines, business restrictions, or forced cessation in certain jurisdictions=
Customer and user violations of platform policies including offensive/illegal messages, spam, phishing, copyright infringement, trademark misuse, and fraudulent activity risk reputational harm and litigation=
Use of third-party open source software exposes company to claims of license non-compliance, potential forced disclosure of proprietary code, and security vulnerabilities that competitors may exploit=
May need additional capital for growth; DroneDeploy Merger requires repayment of committed acquisition financing.=
Bridge loan facility of 700.0 million committed to fund DroneDeploy acquisition; market conditions could affect terms or availability.=
Acquisition valuations may experience rapid impairment or other-than-temporary declines resulting in material goodwill write-off charges=
Must make significant investments in cloud infrastructure capacity and new technologies; risk of inaccurate demand forecasting and ineffective scaling impairs performance and increases costs=
Customers store sensitive information including government works and regulated industry plans (banks, healthcare) on platform=
Supply chain challenges and labor shortages can delay construction project starts, negatively impacting customer demand.=
Overall sentiment in construction industry remains uncertain; customers may reduce spending on software and construction volume may decrease.=
Revenue growth rate has declined and may continue to decline due to business maturation and macroeconomic conditions affecting customer spending.=
Remote workforce and recent leadership changes create uncertainty in preserving corporate culture; past workforce reductions may harm employer reputation and recruitment=
Significant competition for personnel with technical skills and AI expertise; failure to hire and retain on expected timeframes or integration issues harm productivity and morale=
Tax positions uncertain; subject to audit in various jurisdictions; final determinations could differ materially from estimates.=
Multiple evolving laws across jurisdictions (taxation, tariffs, data protection, AI, content, advertising, consumer protection, payment processing, cross-border money transmission) create compliance uncertainty and increased costs=
Credit card merchant standards subject to change; non-compliance could result in fines or termination of agreements.=
Must maintain effective internal controls over financial reporting; Section 404 compliance requires substantial expenses and management effort.=
Subject to FCPA and UK Bribery Act; anti-corruption laws prohibit improper payments to government officials; held liable for third-party intermediaries' violations=
Significant investment in AI tools may not generate expected returns; AI models may produce inaccurate outputs creating legal and reputational risks.=
Products inherently complex with potential material defects or errors particularly at new product/feature release; costs of correction may be substantial=
Competitors may develop superior AI-powered products or generic large language models that displace existing platform functionality.=
Procore Technologies: first mention in 10-K annual report of 2026-02-24 (FY2025), source 26
Platform primarily hosted on AWS; subject to AWS service disruptions, failures, terminations, pricing increases, bandwidth limits, or cyberattacks beyond our control2026-Q2
2026-07-31 30
Climate-related events could increase in frequency/severity; may disrupt operations, increase attrition, costs, and regulatory requirements.2026-Q2
2026-07-31 30
Collection requirements vary by state; substantial compliance costs; exposure to tax liability if unsuccessful.2026-Q2
2026-07-31 30
Marketable securities subject to credit, liquidity, market, and interest rate risks; value may decline significantly.2026-Q2
2026-07-31 30
Competitors may incorporate AI more quickly or successfully; challenges and costs of recruiting AI talent may impair competitive development and leverage of AI technologies2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2025-08-01 (2025-Q2), source 22
EU AI Act imposes compliance obligations with administrative fines up to 35 million euros or 7% of worldwide revenue for non-compliance.2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-K annual report of 2025-02-26 (FY2024), source 18
$913.9M federal NOLs and $660.9M state NOLs available; Section 382/383 limitations apply; past ownership changes may restrict utilization.2026-Q2
2026-07-31 30
Procore Pay subject to anti-money laundering laws; non-compliance risks significant fines, regulatory sanctions, and enforcement actions2026-Q2
2026-07-31 30
EEA/UK restrictions on personal data transfer to US; Irish DPC fined major social media 1.2bn EUR for standard contractual clauses; legal uncertainty on compliant transfer mechanisms2026-Q2
2026-07-31 30
Company has history of losses and accumulated deficit of 1.3 billion; uncertain whether profitability can be sustained.2026-Q2
2026-07-31 30
Competitors offer lower-priced or free products or bundle broader product ranges; may be forced to engage in price-cutting or increased marketing expenses to retain customers2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2024-05-02 (2024-Q1), source 12
Majority of cash from sales in USD but expenses in foreign currencies; remeasurement exposure to currency fluctuations; no current hedging program for non-USD currency exposures2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-K annual report of 2024-02-26 (FY2023), source 10
Levelset lien rights management services subject to unauthorized practice of law (UPL) claims; varying UPL definitions and enforcement across jurisdictions create compliance uncertainty2026-Q2
2026-07-31 30
Platform vulnerable to economic volatility, interest rate changes, inflation, tariffs, geopolitical conflicts, supply chain disruptions.2026-Q2
2026-07-31 30
OECD BEPS 2.0 Pillar Two minimum tax rules effective; may impact effective tax rates; safety harbor eligibility under review.2026-Q2
2026-07-31 30
Intercompany transfer pricing subject to challenge by tax authorities; could result in additional taxes, interest, penalties.2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2023-11-02 (2023-Q3), source 8
Completed Levelset acquisition in November 2021; planned DroneDeploy Merger for approximately $845m in July 2026 subjects company to integration risks, cost overruns, synergy realization failures, and management distraction2026-Q2
2026-07-31 30
Expanding internationally requires navigation of complex regulatory environments, political instability, and currency fluctuation risks.2026-Q2
2026-07-31 30
Privacy laws extend consumer rights and regulate automated decision-making; compliance could increase operating costs and restrict AI deployment.2026-Q2
2026-07-31 30
US export control and sanctions laws restrict sales to embargoed countries and require encryption authorization; FedRAMP Moderate authorization for Procore for Government achieved January 20262026-Q2
2026-07-31 30
Federal Communications Commission network neutrality rules vacated January 2, 2025; multiple states (CA, WA, OR, CO, NJ, VT) have adopted or enforce own network neutrality rules2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2023-08-04 (2023-Q2), source 6
Headquarters near Santa Barbara (seismic and fire risk); significant workforce in Austin (extreme weather risk); disaster recovery plans may be inadequate.2026-Q2
2026-07-31 30
Stringent, changing data privacy laws (EU GDPR, UK GDPR, CCPA, LGPD, Brazil LGPD, India DPDP) impose compliance obligations and substantial fines up to 4% annual revenue or 20m EUR/17.5m GBP2026-Q2
2026-07-31 30
High-value customers generate significant revenue; loss of large customers could materially impact financial results.2026-Q2
2026-07-31 30
Rising inflation increases vendor, employee, and facility costs and may decrease demand for construction software.2026-Q2
2026-07-31 30
Classified Board, two-thirds approval requirements, preferred stock issuance authority, and advance notice procedures could delay change of control.2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2023-05-05 (2023-Q1), source 4
Reliance on AWS and third-party cloud providers for platform hosting; service disruptions, terminations, pricing changes, or cyberattacks could impair availability and reliability2026-Q2
2026-07-31 30
Service interruptions, performance degradation from capacity constraints, browser/OS/device incompatibility, third-party integration disruptions could cause customer switching and subscription renewals decline2026-Q2
2026-07-31 30
Section 230 CDA protections for third-party content subject to proposed Congressional amendments since 2019; Florida and Texas state laws challenging CDA are litigated2026-Q2
2026-07-31 30
International expansion increases operating costs, complexity, payment cycle challenges, collections difficulties, and compliance costs; exposure to currency exchange rate fluctuations2026-Q2
2026-07-31 30
Uncertainty on sufficient nexus for state and local tax jurisdiction to levy indirect taxes on internet sales; tax authorities may audit business for sales/use and VAT tax compliance2026-Q2
2026-07-31 30
Procore Technologies: first mention in 8-K-EX99.1 earnings release of 2023-05-03 (2023-Q1), source 3
Highly competitive construction management software market with aggregated tools, accounting vendors, point solutions, AI-enabled competitors with superior resources and market positions2026-Q2
2026-07-31 30
Procore Technologies: first mention in 10-Q quarterly report of 2026-05-06 (2026-Q1), source 28
Ongoing lawsuit with Oracle resulted in $8.8 million in legal fees.=
International operations subject to differing legal, tax, regulatory requirements across multiple jurisdictions.=
Results subject to risk of foreign currency exchange rate fluctuations.=
May require additional capital resources to execute strategic initiatives.=
Unable to fully offset higher inflationary costs if they become significant.=
GTM operating model evolution required new investments in sales headcount and enablement.=
Procore Technologies: first mention in 10-K annual report of 2026-02-24 (FY2025), source 26
FedRAMP Moderate authorization increases nation-state threat targeting=
Third-party service provider security incidents; supply chain attack frequency/severity rising=
Accumulated deficit of $1.3 billion as of December 31, 2025; history of losses may continue; no certainty of achieving sustainable profitability=
$913.9M federal/$660.9M state NOL; Section 382 ownership change limitations; prior changes experienced=
PCI DSS penalties $5K-$100K/month; payment card company enforcement=
CEO changed November 10, 2025; at-will employment; loss of key executives could harm strategic objectives and business performance=
FedRAMP authorization obtained January 2026; government contract terms often less favorable; non-compliance risks criminal liability, False Claims Act exposure=
Executive Orders issued January 2025 directing federal agencies to evaluate spending; pending litigation on orders; implementation uncertainty=
Oracle America lawsuit alleging trade secret misappropriation; damages unestimated=
Officers and directors beneficially own significant percentage; may prevent outside investors from influencing decisions=
Unauthorized practice of law claims on lien rights management; Levelset acquisition legacy risk=
EEA/UK cross-border data transfer restrictions, May 2023 Irish DPC 1.2B euro fine precedent=
Money transmitter licensing gaps; payment partner dependency; AML/sanctions compliance=
AI models may produce flawed, inaccurate, or incomplete outputs; risk of hallucinations and discriminatory outcomes harming customer trust=
Service level commitments in customer agreements; frequent interruptions could cause customer switches and reduce renewal rates=
Complex products may contain defects or errors, especially upon new feature release; costs to correct may be substantial=
Platform interoperability depends on third-party service providers; disruptions, terminations, or unfavorable term changes could cause service issues=
Ransomware increasing; nation-state/geopolitical targeting heightened=
Multinational operations expose to foreign currency fluctuations in AUD, CAD, GBP, EUR, NOK, AED=
Substantial continued investment in sales, marketing, engineering, product development, and acquisitions may not generate proportional revenue increase=
Stock repurchase program may not enhance shareholder value; subject to 1% excise tax under IRA=
Subscription revenue recognized over time; downturns in new sales not immediately reflected; long sales cycles unpredictable=
Stock price historically volatile; macroeconomic and geopolitical factors unrelated to operations affect price=
Construction industry supply chain disruptions may delay project starts and reduce customer volume=
Construction industry cyclical; economic contraction from policy tightening, credit fluctuations, tariffs, weak FX, inflation, interest rates=
Construction industry affected by inflation, interest rates, geopolitical events, supply chain disruption=
Headquarters near Santa Barbara seismic zone; significant Austin Texas workforce vulnerable to extreme weather=
OECD Pillar Two minimum tax (15%); entered scope 2025; side-by-side safe harbor TBD=
Potential employment law/workplace regulation claims ongoing=
Delaware and federal courts exclusive forums for disputes; may limit stockholder litigation options=
Classified Board, voting requirements, poison pill provisions may delay change of control transactions=
Platform vulnerable to damage or interruption from cyberattacks, fraud, and system failures=
Increasing competition from aggregated tools, accounting software vendors, point solutions, in-house systems, and emerging AI-based competitors=
Must continue technology innovation including AI features to maintain competitive position=
Procore Technologies: first mention in 10-Q quarterly report of 2025-08-01 (2025-Q2), source 22
Third-party AI technologies may misuse or fail to protect customer, employee, or proprietary data input; risk of data leakageFY2025
2026-02-24 26
Procore Technologies: first mention in 10-K annual report of 2025-02-26 (FY2024), source 18
High volume of unremediated IT vulnerabilities; delayed patch deploymentFY2025
2026-02-24 26
Uncertain construction industry sentiment presents growth challenges; declining revenue growth rate possibleFY2025
2026-02-24 26
Procore Technologies: first mention in 10-Q quarterly report of 2024-08-02 (2024-Q2), source 14
Inflation, interest rates, capital market volatility, foreign exchange fluctuations impact customer spending.2026-Q1
2026-05-06 28
Procore Technologies: first mention in 10-K annual report of 2024-02-26 (FY2023), source 10
Exposed to fraudulent credit card transactions and chargebacks; subject to evolving merchant standardsFY2025
2026-02-24 26
Russia-Ukraine war and international conflicts create political and economic instability risks; longer payment cycles internationallyFY2025
2026-02-24 26
Procore Technologies: first mention in 10-Q quarterly report of 2023-11-02 (2023-Q3), source 8
Company has accumulated deficit of $1.4 billion as of March 31, 2026.2026-Q1
2026-05-06 28
Supply chain challenges and labor shortages can delay construction project starts.2026-Q1
2026-05-06 28
Procore Technologies: first mention in 10-Q quarterly report of 2023-08-04 (2023-Q2), source 6
Complex web of international laws; anti-corruption, competition, import/export controls, employment, privacy, data protection requirementsFY2025
2026-02-24 26
Procore Technologies: first mention in 10-Q quarterly report of 2023-05-05 (2023-Q1), source 4
Recent leadership changes create uncertainty and potential culture shifts; remote work dispersal may impair culture preservationFY2025
2026-02-24 26
May need additional capital; debt covenants/equity dilution riskFY2025
2026-02-24 26
Significant investment in GTM operating model and headcount; need to retain sales and engineering talentFY2025
2026-02-24 26
FCPA/UK Bribery Act/AML compliance; third-party intermediary liability; international expansion riskFY2025
2026-02-24 26
= last mention identical with the first mention (same source)

Procore Technologies Reported KPIs (as disclosed) (269)

The story KPIs of Procore Technologies that standard databases usually miss, grouped by publication, most recent first, with source number. NadirAlpha methodology

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
Procore Technologies: reported KPIs as disclosed, 269 entries. Compiled by NadirAlpha from SEC filings.
KPIValue / changeSource
Procore Technologies, published 2026-07-31, period 2026-Q2
Total Remaining Performance Obligations prior year1,343,75730
Total Remaining Performance Obligations1,669,91530
Outstanding letters of credit7.6 million30
Non-current Remaining Performance Obligations prior year464,26830
Non-current Remaining Performance Obligations597,42530
Non-GAAP sales and marketing125.98230
Non-GAAP sales and marketing120.07630
Non-GAAP sales and marketing252.54830
Non-GAAP sales and marketing238.71830
Non-GAAP research and development67.44630
Non-GAAP research and development65.20930
Non-GAAP research and development130.15830
Non-GAAP research and development130.98730
Non-GAAP income from operations80.49430
Non-GAAP income from operations43.67630
Non-GAAP income from operations141.26430
Non-GAAP income from operations76.07530
Non-GAAP general and administrative40.51030
Non-GAAP general and administrative41.30930
Non-GAAP general and administrative92.07630
Non-GAAP general and administrative83.32730
Gross Retention Rate (GRR)95%30
Current Remaining Performance Obligations (cRPO) prior year879,48930
Current Remaining Performance Obligations (cRPO)1,072,49030
Cash, cash equivalents, and marketable securities655.9 million30
Accumulated deficit1.3 billion30
ARR (customers contributing more than $100,000) prior year2,51730
ARR (customers contributing more than $100,000)2,87130
Procore Technologies, published 2026-07-29, period 2026-Q2
Number of organic customers with >$100k ARR2,87129
Gross revenue retention rate95%29
Procore Technologies, published 2026-05-06, period 2026-Q1
Non-US revenue pct15%28
cRPO1,019.45428
Total RPO1,561.59328
Non-current RPO542.13928
GRR95%28
ARR customers over 100k2,79528
Procore Technologies, published 2026-05-05, period 2026-Q1
Total remaining performance obligations1,561,59327
Remaining performance obligations - Non-current542,13927
Remaining performance obligations - Current1,019,45427
Gross revenue retention rate95%27
Customers with $100K+ annual recurring revenue2,79527
Procore Technologies, published 2026-02-24, period FY2025
total customers1785026
total customer count17,85026
customers >$1M ARR11526
customers >$100K ARR2,71026
cRPO$1,009,29326
Total RPO$1,590,86326
non-current RPO$581,57026
NRR106%26
GRR95%26
ARR $1M+ customers pct20%26
ARR $1M+ customers11526
ARR $100K+ customers pct66%26
ARR $100K+ customers271026
Procore Technologies, published 2026-02-12, period 2025-Q4
total remaining performance obligations1,590,86325
total organic customers17,85025
remaining performance obligations non-current581,57025
remaining performance obligations current1,009,29325
organic customers $1M ARR11525
organic customers $100K ARR2,71025
net revenue retention rate106%25
net new organic customers Q422725
gross revenue retention rate95%25
customers using 6+ products pct52%25
customers using 4 or more products pct78%25
Procore Technologies, published 2025-11-06, period 2025-Q3
Total remaining performance obligations$1,409.5 million24
Total customers17,62324
Non-current remaining performance obligations$498.3 million24
Gross retention rate95%24
Current remaining performance obligations (cRPO)$911.2 million24
Cash, cash equivalents, and marketable securities$727.9 million24
ARR (customers >$100k)2,60224
Procore Technologies, published 2025-11-05, period 2025-Q3
Total organic customers17,62323
Operating cash inflow Q3$88 million23
Organic customers >$100k ARR2,60223
Net new organic customers Q312223
Gross revenue retention rate95%23
Free cash inflow Q3$68 million23
Procore Technologies, published 2025-08-01, period 2025-Q2
Total customers prior year16,75022
total customers17,50122
Total customer growth rate4%22
Total RPO prior year1,035.213 million22
Total RPO1,343.757 million22
Stock repurchases shares1,499,09422
Stock repurchases amount103.2 million22
Stock repurchase weighted average price68.8222
Operating cash flow 6M prior year127.840 million22
Operating cash flow 6M96.856 million22
Non-current RPO prior year310.381 million22
Non-current RPO464.268 million22
Non-US revenue %15%22
Gross retention rate prior year94%22
Gross retention rate95%22
Current RPO prior year724.832 million22
Current RPO879.489 million22
Cash, equivalents and marketable securities706.7 million22
cRPO growth21%22
Accumulated deficit1.3 billion22
ARR $100k+ customers prior year2,19122
ARR $100k+ customers2,51722
ARR $100k+ customer growth rate15%22
Procore Technologies, published 2025-07-31, period 2025-Q2
Total organic customers17,50121
Organic customers >$100k ARR2,51721
Net new organic customers19521
Gross revenue retention rate95%21
Procore Technologies, published 2025-05-02, period 2025-Q1
Total customers prior year16,59820
Total customers growth YoY4%20
total customers17,30620
Total RPO prior year1,006,81520
Total RPO growth YoY28%20
Total RPO1,290,26520
Non-current RPO prior year302,15920
Non-current RPO growth YoY48%20
Non-current RPO447,70720
Non-US revenue % prior year14%20
Non-US revenue %15%20
Letters of credit outstanding6.0 million20
Cash, equivalents and marketable securities698.8 million20
cRPO prior year704,65620
cRPO growth yoy20%20
cRPO842,55820
Accumulated deficit1.3 billion20
GRR prior year95%20
GRR95%20
ARR customers over 100k prior year2,11920
ARR customers over 100k growth yoy14%20
ARR customers over 100k2,41820
Procore Technologies, published 2025-05-01, period 2025-Q1
Total remaining performance obligations1,290,26519
Total organic customers17,30619
Remaining performance obligations (non-current)447,70719
Remaining performance obligations (current)842,55819
Organic customers with $100,000+ ARR2,41819
Net new organic customers21819
Gross revenue retention rate95%19
Procore Technologies, published 2025-02-26, period FY2024
total customers17,08818
Total RPO1,286,46718
Pending patent applications US9318
Pending patent applications foreign2818
Pending international patent applications618
Non-current RPO456,80118
Non-US revenue %15%18
Issued patents US8018
Issued patents foreign318
Customers over 1M ARR8618
Customers over 100k ARR2,33318
Customers 1M ARR pct of total ARR17%18
Customers 1M ARR8618
Customers 100k ARR pct of total ARR63%18
Customers 100k ARR2,33318
Cash and marketable securities821.418
cRPO829,66618
Accumulated deficit1.2 billion18
NRR106%18
GRR94%18
ARRNot disclosed as of December 31, 202418
Procore Technologies, published 2025-02-13, period 2024-Q4
Total organic customers17,08817
Percentage of total ARR from customers using six or more products48%17
Percentage of total ARR from customers using four or more products75%17
Organic customers >$100k ARR2,33317
Organic customers contributing more than $1,000,000 ARR8617
Net revenue retention rate106%17
Net new organic customers in Q411317
Gross revenue retention rate94%17
Procore Technologies, published 2024-10-31, period 2024-Q3
total customers16,97516
Total RPO$1,073,41616
Non-current RPO$334,56016
Letters of credit$4.4 million16
Gross retention rate94%16
Current RPO$738,85616
Cash equivalents and marketable securities$809.2 million16
ARR customers over 100k2,26116
Procore Technologies, published 2024-10-30, period 2024-Q3
Total remaining performance obligations1,073,41615
Total organic customers16,97515
Remaining performance obligations (non-current)334,56015
Remaining performance obligations (current)738,85615
Net new organic customers (Q3)22515
Gross revenue retention rate94%15
Customers with ARR >$100,0002,26115
Cash and cash equivalents439,29815
Procore Technologies, published 2024-08-02, period 2024-Q2
cRPO growth16%14
cRPO$724,83214
Total customers1675014
Total RPO$1,035,21314
Operating lease commitments increase$10.714
Non-current RPO$310,38114
Non-US revenue pct 6m15%14
GRR94%14
Cash equivalents and marketable securities$780.814
Accumulated deficit$1.214
ARR customers over 100k219114
Procore Technologies, published 2024-08-01, period 2024-Q2
Total organic customers16,75013
Organic customers contributing more than $100,000 ARR2,19113
Net new organic customers15213
Gross revenue retention rate94%13
Procore Technologies, published 2024-05-02, period 2024-Q1
cRPO$704,656 thousand12
Total RPO$1,006,815 thousand12
Non-US revenue percentage14%12
GRR95%12
Customers16,59812
Procore Technologies, published 2024-05-01, period 2024-Q1
Total remaining performance obligations1,006,81511
Total organic customers16,59811
Remaining performance obligations (Non-current)302,15911
Remaining performance obligations (Current)704,65611
Net new organic customers23111
Gross revenue retention rate95%11
Procore Technologies, published 2024-02-26, period FY2023
Customers 1M ARR6210
Customers 100k ARR2,00810
Customers16,36710
cRPO growth24%10
cRPO698,28410
Percentage of ARR from >$100k customers60%10
Percentage of ARR from >$1,000,000 customers14%10
Pending U.S. patent applications7310
Number of customers with >$100k ARR2,00810
Number of customers with >$1,000,000 ARR6210
Number of customers16,36710
NRR114%10
Issued U.S. patents5610
GRR95%10
Procore Technologies, published 2024-02-15, period 2023-Q4
Total organic customers16,3679
Total annual recurring revenue$1B9
Percentage of total ARR from customers using six or more products45%9
Percentage of total ARR from customers using four or more products74%9
Organic customers contributing more than $100,000 of ARR2,0089
Organic customers contributing more than $1,000,000 of ARR629
Net revenue retention rate114%9
Net new organic customers in Q43009
Gross revenue retention rate95%9
Glassdoor ranking5 on 100 Best Places to Work in 20249
Procore Technologies, published 2023-11-02, period 2023-Q3
Non-US revenue pct14%8
Customer count16,0678
cRPO$635,0008
GRR95%8
Procore Technologies, published 2023-11-01, period 2023-Q3
Total remaining performance obligations890,3817
Total organic customers16,0677
Remaining performance obligations (non-current)255,3817
Remaining performance obligations (current)635,0007
Net new organic customers3637
Gross revenue retention rate95%7
Procore Technologies, published 2023-08-04, period 2023-Q2
Total RPO$849,5166
Non-US revenue pct14%6
Customer count15,7046
cRPO$622,6396
GRR94%6
Procore Technologies, published 2023-08-02, period 2023-Q2
Total Remaining Performance Obligations849,5165
Total organic customers15,7045
Remaining performance obligations - non-current226,8775
Remaining performance obligations - current622,6395
Net new organic customers6155
Gross revenue retention rate94%5
Procore Technologies, published 2023-05-05, period 2023-Q1
Sales and marketing as % of revenue55%4
Research and development as % of revenue37%4
Remaining performance obligations805.5 million4
Operating margin-32%4
Non-US revenue %14%4
Non-GAAP sales and marketing as % of revenue46%4
Non-GAAP research and development as % of revenue24%4
Non-GAAP operating margin-2%4
Non-GAAP gross margin85%4
Non-GAAP general and administrative as % of revenue16%4
Gross margin81%4
General and administrative as % of revenue21%4
Customers as of March 3115,0894
Customers as of March 3112,8094
Cash, cash equivalents and marketable securities602.8 million4
Accumulated deficit1.0 billion4
Procore Technologies, published 2023-05-03, period 2023-Q1
Total organic customers15,0893
Remaining performance obligation805.5 million3
Organic customer additions6013

Procore Technologies Development

The business development of Procore Technologies period by period up to Q2 2026, each text from the original report of that period, source numbers lead to the source. NadirAlpha methodology

FY2026: Procore Technologies

Procore generated revenue of 359.3 million in Q1 and 375.2 million in Q2 fiscal 2026, each representing 16% year-over-year growth 27 29. Procore Technologies reached GAAP operating profitability in Q2 with operating income of 4.3 million, compared to an operating loss of 15.7 million in Q1 129 127, while non-GAAP operating margin expanded from 17% in Q1 to 21% in Q2 27 29. Gross revenue retention held at 95% across both reported quarters 27 29, and customers contributing more than $100,000 in annual recurring revenue grew 14% year-over-year to 2,871 by the end of Q2, with current remaining performance obligations rising 22% to $1,072.5 million 30. Procore acquired Toric Labs, operating as Datagrid, in January 2026 to advance its AI capabilities 28, and in Q2 signed an agreement to acquire DroneDeploy for approximately $845.0 million in cash, with the transaction anticipated to close later in 2026 30.

FY2025: Procore Technologies

Procore achieved full-year revenue of 1,322.5 million in fiscal 2025, up 15% year-over-year, with Q4 growing 16% to 349.1 million 25. The full-year net loss was 100.8 million, improved from $106.0 million in 2024 26, while non-GAAP operating margin expanded to 14% from 10% in 2024 25. Operating cash flow increased 53% to 300.3 million 26, and gross revenue retention held at 95% for the year 25. Organic customers contributing more than $100,000 in ARR grew 16% to 2,710, and those above $1 million in ARR grew 34% to 115 25. Dr. Ajei Gopal was appointed President and CEO effective November 10, 2025, replacing Craig Courtemanche 26.

FY2024: Procore Technologies

Procore grew full-year 2024 revenue 21% year-over-year to USD 1,151.7 million 18, while narrowing its net loss to USD 106 million from $189.7 million in 2023 18. Procore Technologies's non-GAAP operating margin improved 800 basis points to 10% for the year 17, and operating cash flow reached USD 196.2 million 18. The company completed the acquisition of Intelliwave Technologies in May 2024 and evolved its go-to-market model to a regional general manager structure in July 2024 18. For 2025, Procore guided to revenue of $1,285 million to $1,290 million, representing 12% year-over-year growth 17.

FY2023: Procore Technologies

Procore grew full-year 2023 revenue 32% year-over-year to 950 million, ending the year having surpassed $1 billion in total annual recurring revenue 9. Gross margin improved to 82% from 79% in the prior year, and the full-year non-GAAP operating margin improved to 2% from -10% in the prior year 9. Net loss narrowed to 189.7 million in 2023 from $286.9 million in 2022, while net cash from operations increased to 92 million from $12.6 million in the prior year 10. The customer base grew 13% year-over-year to 16,367 customers as of December 31, 2023, with customers contributing more than $100,000 of ARR growing 27% to 2,008 10.

Glossary

  • Revenue: Revenue from contracts with customers, net of sales deductions, as the company itself reports it; not total output, gross revenue, GMV or order intake.
  • Op. income: The operating line of the income statement; EBIT only as a marked fallback, never pre-tax or ordinary income.
  • Op. income (adj.): Adjusted operating income, verbatim and company-defined (non-GAAP), never derived.
  • Net income: Net income attributable to the shareholders of the parent, after discontinued operations; not the result including minority interests, not comprehensive income.
  • EPS: Diluted earnings per share attributable to the shareholders of the parent; a printed figure always beats a calculated one, calculated values are marked.
  • EPS adj.: Adjusted earnings per share, verbatim and company-defined (non-GAAP).
  • FCF: Free cash flow = operating cash flow minus capital expenditure on property, plant and equipment; the company's own free cash flow figure is shown separately.
  • OCF: Cash flow from operating activities as reported; IFRS companies may show interest paid in financing cash flow, so the figure is not always comparable.
  • Cash: Cash and cash equivalents, without securities unless the company reports them as part of the position.
  • *: derived, the formula is in the hover
  • ≈: calculated, approximation
  • ~: uncertain; the value stays visible, verdicts do not use it
  • °: repaired by a targeted query against the document, or curated with documentary evidence
  • EBIT: EBIT as a fallback: the income statement carries no operating line
  • basic: basic earnings per share as a fallback when diluted is missing

Sources: quarterly reports, annual reports and investor relations documents

36 sources on Procore Technologies since 2023; the superscript numbers in the chapters refer to these rows, older documents are in the expandable part. NadirAlpha methodology

36 documents · 2021 to 2026 · SEC EDGAR (USA)
Sources for Procore Technologies stock: 36 original documents, 2021 to 2026. Compiled by NadirAlpha.
#Document typePublished
#1 / #1018-K-EX99.1 earnings release2023-02-16
#210-K annual report2023-03-01
#3 / #1038-K-EX99.1 earnings release2023-05-03
#410-Q quarterly report2023-05-05
#5 / #1058-K-EX99.1 earnings release2023-08-02
#610-Q quarterly report2023-08-04
#7 / #1078-K-EX99.1 earnings release2023-11-01
#810-Q quarterly report2023-11-02
#9 / #1098-K-EX99.1 earnings release2024-02-15
#1010-K annual report2024-02-26
#11 / #1118-K-EX99.1 earnings release2024-05-01
#1210-Q quarterly report2024-05-02
#13 / #1138-K-EX99.1 earnings release2024-08-01
#1410-Q quarterly report2024-08-02
#15 / #1158-K-EX99.1 earnings release2024-10-30
#1610-Q quarterly report2024-10-31
#17 / #1178-K-EX99.1 earnings release2025-02-13
#1810-K annual report2025-02-26
#19 / #1198-K-EX99.1 earnings release2025-05-01
#2010-Q quarterly report2025-05-02
#21 / #1218-K-EX99.1 earnings release2025-07-31
#2210-Q quarterly report2025-08-01
#23 / #1238-K-EX99.1 earnings release2025-11-05
#2410-Q quarterly report2025-11-06
#25 / #1258-K-EX99.1 earnings release2026-02-12
#2610-K annual report2026-02-24
#27 / #1278-K-EX99.1 earnings release2026-05-05
#2810-Q quarterly report2026-05-06
#29 / #1298-K-EX99.1 earnings release2026-07-29
#3010-Q quarterly report2026-07-31
Older sources (+6)
Older sources for Procore Technologies, 6 documents
#Document typePublished
#20110-Q quarterly report2021-08-06
#20210-Q quarterly report2021-08-06
#20510-Q quarterly report2021-08-06
#20610-Q quarterly report2021-11-05
#20310-K annual report2022-03-04
#20410-Q quarterly report2022-05-06

Procore Technologies Stock FAQ

Is there a management forecast (guidance) for FY2027?

Yes. Management has issued targets for FY2027, including Operating margin. The guidance tracking chapter shows all targets and checks them against the actuals reported later; neutral, with no estimate of our own.

Which additional key figures does Procore Technologies report?

As reported for Q2 2026: Gross revenue retention rate, Total Remaining Performance Obligations, Total Remaining Performance Obligations prior year, Non-current Remaining Performance Obligations prior year, Non-current Remaining Performance Obligations, Gross Retention Rate (GRR). The chapter Reported KPIs lists every value with its source.

Where can I find the official investor relations documents of Procore Technologies?

NadirAlpha links all 36 original filings used (SEC filings) in the sources chapter: earnings release, quarterly report, annual report, each with type, publication date and a direct link; every figure in the report carries a source number.

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