Financials

Procore Technologies Inc. financials

PCOR Software

Procore Technologies Inc. is a leading provider of cloud-based construction management software, serving over 10,000 customers globally since its founding in 2002. The company’s revenue is generated through subscription-based fees and professional services offered via its flagship platform, which includes project management, quality and safety, and construction financials modules. Led by CEO Toohey, Procore leverages its integrated cloud solution to compete effectively in a dynamic market. Strategic investments in AI, data analytics, and global expansion are set to drive its continued growth.

Snapshot

Procore Technologies Inc. reported $1.32B in revenue in fiscal 2025, up 14.8% year over year, with an operating margin of -9.4%.

Revenue (FY2025): $1.32B
YoY growth: +14.8%
Operating margin: -9.4%
Direction: Expanding

Financial statements

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Total Revenues	1,322,510	1,151,710	950,010	720,203
Cost of Sales	270,832	205,612	174,462	148,416
Gross Profit	1,051,680	946,096	775,548	571,787
Selling, General & Administrative Expenses	813,647	769,532	690,654	591,259
Research & Development Expenses	362,373	312,987	300,571	270,982
Operating Profit	(124,343)	(136,423)	(215,677)	(290,454)
Interest and Investment Income	20,941	23,694	19,779	5,826
Interest Expense	(1,153)	(1,899)	(1,957)	(2,135)
Non-Operating Income	10,574	10,447	9,434	298
Total Non-Operating Income	30,362	32,242	27,256	3,989
Income Before Provision for Income Taxes	(93,981)	(104,181)	(188,421)	(286,465)
Provision for Income Taxes	6,802	1,775	1,273	466
Consolidated Net Income	(100,783)	(105,956)	(189,694)	(286,931)
Net Income Attributable to Common Shareholders	(100,783)	(105,956)	(189,694)	(286,931)
Basic EPS	-0.67	-0.72	-1.34	-2.10
Diluted EPS	-0.67	-0.72	-1.34	-2.10
Basic Weighted Average Shares Outstanding	150,247	147,445	141,961	136,526
Diluted Weighted Average Shares Outstanding	150,247	147,445	141,961	136,526
Shares Outstanding	151,709	149,853	144,806	139,160

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Cash and Cash Equivalents	480,684	437,722	357,790	296,712
Short-Term Investments	287,802	337,673	320,161	285,493
Total Cash and Cash Equivalents	768,486	775,395	677,951	582,205
Accounts Receivable	287,805	246,472	206,644	148,683
Total Trade Receivables	287,805	246,472	206,644	148,683
Other Current Assets	110,541	78,012	71,139	68,331
Total Current Assets	1,166,830	1,099,880	955,734	799,219
Net Property, Plant & Equipment	104,267	104,109	114,774	118,153
Net Intangible Assets	247,592	233,267	220,591	221,530
Goodwill	574,083	549,651	539,354	539,128
Long-Term Investments	42,529	46,042	—	—
Other Long-Term Assets	103,762	68,423	63,115	62,380
Total Assets	2,239,070	2,101,370	1,893,570	1,740,410
Accounts Payable	—	—	13,177	14,282
Accrued Expenses	—	—	100,075	99,182
Unearned Revenue	—	—	501,903	396,535
Other Current Liabilities	—	—	27,275	21,639
Total Current Liabilities	—	—	642,430	531,638
Leases	—	—	81,504	83,665
Other Long-Term Liabilities	—	—	14,024	8,327
Total Long-Term Liabilities	—	—	95,528	91,992
Total Liabilities	—	—	737,958	623,630
Common Stock	15	15	15	14
Additional Paid-in Capital	—	—	2,295,810	2,068,230
Accumulated Other Comprehensive Income	(1,270)	(2,737)	(1,375)	(2,316)
Retained Earnings	—	—	(1,138,840)	(949,143)
Total Common Shareholders' Equity	(1,255)	(2,722)	1,155,610	1,116,780
Total Shareholders' Equity	(1,255)	(2,722)	1,155,610	1,116,780
Total Liabilities and Shareholders' Equity	(1,255)	(2,722)	1,893,570	1,740,410

In thousands, USD
	FY 2025	FY 2024	FY 2023	FY 2022
Net Income	(100,783)	(105,956)	(189,694)	(286,931)
Depreciation & Amortization	110,576	89,753	71,633	63,039
Share-Based Compensation Expense	238,425	186,880	174,835	162,886
Other Adjustments	(7,823)	1,260	11,836	11,938
Changes in Trade Receivables	(39,817)	(39,501)	(57,492)	(35,817)
Changes in Accounts Payable	(8,173)	19,729	(938)	459
Changes in Accrued Expenses	64,380	(15,501)	4,759	34,623
Changes in Unearned Revenue	100,099	79,091	106,590	97,029
Changes in Other Operating Activities	(56,614)	(19,583)	(29,514)	(34,618)
Cash from Operating Activities	300,270	196,172	92,015	12,608
Capital Expenditure	(18,100)	(19,143)	(10,325)	(15,782)
Purchases of Intangible Assets	(65,663)	(49,529)	(34,685)	(33,648)
Purchases of Investments	(353,616)	(493,842)	(403,188)	(373,165)
Proceeds from Sale of Investments	411,928	440,537	377,692	85,632
Payments for Business Acquisitions	(45,048)	(29,737)	(7,825)	—
Other Investing Activities	—	1,605	2,270	(3,513)
Cash from Investing Activities	(70,499)	(150,109)	(76,061)	(340,476)
Issuance of Common Shares	38,141	39,806	43,018	44,497
Repurchases of Common Shares	(222,958)	—	—	—
Net Issuance / (Repurchases) of Common Shares	(184,817)	39,806	43,018	44,497
Other Financing Activities	5,915	(3,570)	(1,853)	(5,845)
Cash from Financing Activities	(178,902)	36,236	41,165	38,652
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1,655	(2,367)	855	(180)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash	50,869	82,299	57,119	(289,216)

Key metrics

$11.04B

Market Cap

-108.57x

P/E

8.34x

P/S

-745.75x

EV/EBITDA

5068.3%

Return on Equity

-9.5%

Return on Invested Capital

21.3%

Free Cash Flow Margin

Quarterly trend

Quarter	Revenue	YoY growth	Operating margin	Operating income
Q1 2026	$359M	+15.7%	-4.4%	$-16M
Q4 2025	$349M	+15.6%	-12.3%	$-43M
Q3 2025	$339M	+14.5%	-4.4%	$-15M
Q2 2025	$324M	+13.9%	-9.3%	$-30M
Q1 2025	$311M	—	-11.7%	$-36M
Q4 2024	$302M	—	-21.9%	$-66M
Q3 2024	$296M	—	-12.3%	$-36M
Q2 2024	$284M	—	-5.2%	$-15M

Margins

79.5%

Gross margin

-9.4%

Operating margin

-7.6%

Net margin

SourceCompany financial filings (income statement, balance sheet, cash flow) Last updated2026-06-19

Snapshot

Financial statements

Key metrics

Quarterly trend

Margins

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