Procore Technologies, Inc.
- Open
- 41.92
- Day high
- 43.28
- Day low
- 41.64
- Prev close
- 40.62
- Volume
- 1.5M
- Mkt cap
- $6.5B
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 5.4
- P/S
- 4.7
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$9.4M over the last 3 months (1 open-market buy, 17 sales)
- 🏛Institutions accumulating (13F)
Procore Technologies, Inc. (PCOR) is a Technology company listed on NYSE. The stock is down 42% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 17 sales (SEC Form 4).
Procore Technologies, Inc. (PCOR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
PCOR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $0.36 | $0.34 | -5.6% | $359M | +1.8% |
| Feb 12, 2026 | $0.35 | $0.37 | +5.7% | $349M | +0.0% |
| Nov 5, 2025 | $0.32 | $0.42 | +30.1% | $339M | +3.2% |
| Jul 31, 2025 | $0.24 | $0.35 | +45.8% | $324M | -1.3% |
| May 1, 2025 | $0.17 | $0.23 | +35.3% | $311M | +2.6% |
| Feb 13, 2025 | $0.11 | $0.01 | -90.9% | $302M | +1.6% |
| Oct 30, 2024 | $0.21 | $0.24 | +14.3% | $296M | -0.5% |
| Aug 1, 2024 | $0.24 | $0.39 | +62.5% | $284M | -1.1% |
| May 1, 2024 | $0.16 | $0.30 | +87.5% | $269M | -2.1% |
| Feb 15, 2024 | $0.07 | $0.17 | +142.9% | $260M | +4.7% |
| Nov 1, 2023 | $-0.06 | $0.09 | +250.0% | $248M | +6.1% |
| Aug 2, 2023 | $-0.10 | $0.02 | +120.0% | $229M | +4.9% |
PCOR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 17, 2026 | O CONNOR KEVIN Jdirector | Sell | 5,658 | $42.91 |
| Jun 17, 2026 | O CONNOR KEVIN Jdirector | Sell | 5,769 | $42.00 |
| Jun 17, 2026 | O CONNOR KEVIN Jdirector | Sell | 117 | $43.26 |
| Jun 12, 2026 | Courtemanche Craig F. Jr.director, other: Chairman of the Board | Sell | 13,701 | $44.69 |
| Jun 12, 2026 | Courtemanche Craig F. Jr.director, other: Chairman of the Board | Buy | 2 | — |
| Jun 12, 2026 | Courtemanche Craig F. Jr.director, other: Chairman of the Board | Sell | 2 | — |
| Jun 12, 2026 | Courtemanche Craig F. Jr.director, other: Chairman of the Board | Sell | 42,421 | $45.29 |
| Jun 12, 2026 | Courtemanche Craig F. Jr.director, other: Chairman of the Board | Option | 56,122 | $2.42 |
| Jun 8, 2026 | Chapple Erindirector | Grant | 4,712 | — |
| Jun 8, 2026 | HOVSEPIAN RONALD Wdirector | Grant | 2,330 | — |
| Jun 8, 2026 | Steele Elisadirector | Grant | 4,712 | — |
| Jun 8, 2026 | SMITH GRAHAMdirector | Grant | 4,712 | — |
| Jun 8, 2026 | Misra Vishaldirector | Grant | 603 | — |
| Jun 8, 2026 | CALDWELL NANCIdirector | Grant | 4,712 | — |
| Jun 8, 2026 | Bueker Kathryndirector | Grant | 4,712 | — |
Source: PCOR SEC Form 4 filings, latest Jun 17, 2026. For informational purposes only — not investment advice.
See the full PCOR insider & 13F page →Procore Technologies, Inc. company profile
Overview
Procore Technologies, Inc. (NYSE:PCOR) is a leading provider of cloud-based construction management software founded in 2002 and headquartered in Carpinteria, California. The company went public in May 2021 and has grown to serve over 17,000 customers globally across the construction industry. Procore operates as a Software-as-a-Service (SaaS) platform that connects various stakeholders in construction projects, from owners and general contractors to specialty contractors, architects, and engineers, enabling them to collaborate more effectively throughout the entire construction lifecycle.
Business
Procore operates in the construction technology sector, providing a comprehensive cloud-based platform that digitizes and streamlines construction project management. The construction industry has traditionally relied on paper-based processes, fragmented communication systems, and disconnected software tools, leading to inefficiencies, cost overruns, and project delays. Procore's platform addresses these challenges by serving as a centralized hub for all construction project data and workflows. The company's core offering consists of several integrated modules that cover the entire construction project lifecycle. Preconstruction facilitates collaboration during planning, budgeting, estimating, bidding, and partner selection phases. Project Management enables real-time collaboration, information storage, design coordination, Building Information Modeling (BIM) clash detection, and regulatory compliance for both field and office teams. Resource Management helps contractors schedule, track, and forecast labor productivity while managing profitability. Financial Management provides visibility into the financial health of individual projects and portfolios, linking field operations with back-office financial data in real-time. The platform serves three primary customer segments within the construction industry. General contractors represent the largest segment, using Procore to manage multiple projects and coordinate with various subcontractors. Specialty contractors utilize the platform to manage their specific trades and integrate with general contractors' workflows. Project owners, including commercial real estate developers, government entities, and institutional owners, use Procore to oversee their construction investments and maintain visibility into project progress and costs. Procore has also expanded into adjacent areas including Procore Pay, a fintech solution that streamlines payment processes in construction, and Procore Risk Advisors, an insurance brokerage service that leverages construction risk data to provide better insurance pricing for customers. The company is increasingly investing in artificial intelligence capabilities, developing AI agents and copilot features to enhance productivity and provide intelligent insights to users.
Revenue model
Procore operates on a subscription-based Software-as-a-Service (SaaS) business model, generating revenue primarily through annual and multi-year software licenses. Customers pay recurring subscription fees to access the platform on computers, smartphones, and tablets through web browsers or mobile applications. The company sells subscriptions directly through its sales team, with pricing typically based on the number of users, project volume, and specific modules selected. The company's revenue growth is driven by several key factors. New customer acquisition remains important, with Procore addressing a total addressable market of approximately 360,000 potential construction company logos globally, of which they currently serve about 17,000. Existing customer expansion represents a significant opportunity, as the company estimates it currently captures less than half of its customers' total project volume. Cross-selling additional modules and products to existing customers provides another revenue stream, while international expansion offers geographic growth potential. Revenue growth can be positively influenced by several factors including increased construction activity driven by infrastructure spending, digital transformation adoption in the traditionally analog construction industry, and the company's expanding product portfolio including AI-powered features and fintech solutions. The platform's network effects strengthen as more stakeholders join, creating switching costs and increasing customer stickiness. Conversely, revenue growth faces headwinds from macroeconomic factors affecting construction spending, including interest rate changes that impact real estate development, economic uncertainty that may cause customers to delay expansion or reduce project volumes, and potential construction industry downturns. The company also faces competitive pressure from both established enterprise software providers and emerging construction technology startups. Customer concentration in certain geographic markets or construction segments could create vulnerability to regional economic downturns. Profitability margins are influenced by the company's ability to scale its platform efficiently while managing customer acquisition costs and ongoing development expenses. The transition to a new go-to-market model with general managers and expanded sales teams represents a significant investment that may temporarily impact margins before driving long-term growth.
Competitive moat
Procore's competitive moat is moderately strong but faces ongoing challenges in a rapidly evolving market. The company's primary moat stems from its position as a central platform that connects multiple stakeholders in construction projects, creating network effects as more participants join the ecosystem. Once implemented, Procore becomes deeply embedded in customers' workflows, storing critical project data and facilitating communication across teams, which creates switching costs for customers who would need to migrate substantial amounts of historical data and retrain users on alternative platforms. The platform's comprehensive suite of integrated modules provides another defensive advantage, as customers prefer unified solutions over managing multiple point solutions from different vendors. Procore's scale advantages include its large customer base of over 17,000 companies, which provides valuable data for product development and creates a feedback loop for continuous improvement. The company's brand recognition in the construction industry and established relationships with key stakeholders strengthen its competitive position. However, Procore's moat faces several vulnerabilities. The construction technology market remains fragmented and competitive, with both large enterprise software companies and specialized startups targeting various aspects of construction management. The company estimates that approximately 50% of its new opportunities still come from analog or greenfield markets, indicating that much of the industry has not yet adopted digital solutions, which means competitive dynamics remain fluid. The relatively low barriers to entry in software development mean that well-funded competitors can potentially replicate core functionality. Large technology companies with substantial resources could enter the market and leverage their existing enterprise relationships or cloud infrastructure advantages. Additionally, as the construction industry becomes more digitized, customers may become more sophisticated in their technology choices and more willing to switch between platforms. The company's international expansion efforts also face local competitors with better understanding of regional construction practices and regulations. While Procore's platform creates switching costs, these may not be insurmountable for determined competitors offering significantly superior functionality or pricing.
Risks & safety
Procore demonstrates a solid financial position with manageable risks, though the company remains unprofitable on a GAAP basis while investing heavily in growth. • **Cash and Liquidity**: Strong cash position of $314 million as of Q1 2025, down from $438 million at year-end 2024, providing substantial runway for operations and growth investments. • **Debt Level**: Minimal debt with debt-to-equity ratio of 5.5%, indicating low financial leverage and reduced solvency risk. • **Cash Flow**: Positive operating cash flow of $66 million in Q1 2025 and $196 million for full year 2024, with free cash flow of $62 million in Q1 2025 and $177 million for full year 2024, demonstrating the business model's ability to generate cash despite GAAP losses. • **Burn Rate**: Manageable cash consumption with improving free cash flow generation, though significant investments in go-to-market transformation and product development continue. • **Valuation Metrics**: Trading at high multiples with price-to-book ratio of 8.4x, reflecting growth expectations but creating downside risk if growth disappoints. • **Current Ratio**: Healthy liquidity position with current ratio of 1.19x, though down from previous quarters due to higher current liabilities. • **Revenue Visibility**: Strong recurring revenue model with current RPO growing 20% year-over-year, providing good revenue predictability. • **Other Considerations**: Go-to-market transformation creates near-term execution risk, while dependence on construction industry cyclicality poses macro sensitivity.
Recent development
Over the past few years, Procore has undergone significant strategic evolution focused on scaling its platform and expanding market reach. The most substantial recent development is the company's comprehensive go-to-market transformation, transitioning from a matrix organization structure to a general manager model with dedicated regional leadership covering North America, Europe, Australia, New Zealand, and the Middle East. This transformation, which began in 2024 and continues through 2025, involves hiring approximately 200 net new go-to-market resources and restructuring sales territories and compensation plans. The company has made substantial investments in artificial intelligence capabilities, launching Procore Copilot and AI Agents designed to enhance productivity and provide intelligent insights to users. These AI tools monitor project schedules, budgets, and identify emerging patterns to help customers manage time, budget, and project risks more effectively. The development of Agent Studio allows customers to create custom AI agents tailored to their specific workflows. Product expansion has been another key focus area, with the launch of Resource Management solutions to help contractors optimize labor productivity and profitability. The company has also expanded Procore Pay, its fintech offering, to over 250 customers, streamlining payment processes in construction projects. International capabilities have been enhanced through Procore Global, adapting the platform for regional construction practices and regulations. Strategic partnerships and market expansion efforts include pursuing FedRAMP authorization to serve government customers and building out public sector and channel partner programs. The company has also introduced Procore Risk Advisors, an insurance brokerage service that leverages construction risk data to provide better insurance pricing for customers. Leadership changes have accompanied this strategic evolution, with the current CEO initiating a succession search process while maintaining focus on operational execution. The company has also authorized a $300 million stock repurchase program, signaling confidence in its long-term prospects while providing capital allocation flexibility.
PCOR company profile · for informational purposes only — not investment advice.
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