Procore Technologies

Procore Technologies, Inc. engages in the development of cloud-based construction management software. Its platform streamlines and mobilizes project communications and documentation for stakeholders such as owners, architects, engineers, and general and specialty contractors. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Procore Technologies excels in Q4, eyes fintech growth opportunities

Procore Technologies' Q4 earnings call showcased strong performance, strategic leadership changes, and a focus on efficiency and growth. Despite challenges, the company remains optimistic about customer sentiment and industry trends, with a keen eye on fintech opportunities and innovative solutions.

Procore reports robust Q1 earnings, eyes Fintech opportunities for growth

Procore Technologies delivered a strong Q1 performance, with revenue growth, customer additions, and strategic initiatives driving growth and operational efficiency.
The company's leadership team is aligned on key objectives, with a focus on capitalizing on strengths, addressing challenges, and pursuing growth opportunities.
Despite cautiousness in the macro environment, Procore remains confident in meeting guidance, leveraging its diversified customer base and market positioning for future success.
Efforts in Fintech, risk management, and international market expansion position Procore for continued growth and success in the construction industry.

Procore reports robust Q2 growth, navigates customer behavior dynamics

Procore Technologies delivered strong Q2 results with revenue growth and customer expansion, showcasing resilience and innovation in the construction industry.
While facing challenges like customer sentiment-driven downgrades and margin improvement needs, Procore is focused on seizing opportunities for growth and efficiency.
The company's strategic initiatives and steady growth rate position it well for future success, supported by a belief in sustained demand for construction services.
Procore's performance, strengths, challenges, and opportunities collectively paint a picture of a company navigating industry dynamics with a focus on innovation and growth.

Procore reports robust Q3 revenue growth amidst macro challenges

Procore's Q3 showed strong revenue growth and stable customer base behavior.
Despite macroeconomic challenges, the company is focusing on efficiency and stability.
Opportunities lie in margin expansion, enterprise market stability, and cross-selling efforts.
Challenges include elongated sales cycles, increased deal scrutiny, and economic uncertainties.

Procore surpasses $1B ARR milestone, eyes growth in infrastructure

Procore's Q4 2023 performance reflects strong financial achievements and positive customer sentiment, with a focus on growth and efficiency in 2024.
The company faces challenges related to shifting customer sentiment, configurability demands, and navigating a challenging macro environment.
Opportunities lie in expanding into infrastructure projects, increasing financial suite adoption, and driving margin improvement through operational efficiency.
Procore's strategic strengths in client relationships, product focus, and operational enhancements position it well for future growth and success.

Procore Technologies excels in Q1 2024, eyes growth opportunities

Procore Technologies delivered robust Q1 results with strong revenue growth and operational performance, backed by a focus on efficiency and customer value.
While facing short-term challenges from macroeconomic headwinds and a slowdown in customer additions, Procore remains well-positioned for long-term success.
Opportunities in Procore Pay adoption, innovation through AI, and Larry Stack's leadership engagement present avenues for continued growth and market differentiation.

Procore Technologies reports strong Q2 growth amidst strategic transitions

Procore Technologies delivered a robust performance in Q2 2024, marked by strong revenue growth and strategic initiatives to drive long-term growth.
While facing challenges in churn and retention metrics, the company is proactively addressing them through a new go-to-market model and accelerated sales investments.
Maintaining revenue guidance and focusing on margin expansion reflect Procore's confidence in its ability to navigate transitions and capitalize on opportunities.
Overall, Procore's outlook remains optimistic, with a clear focus on innovation, operational optimization, and sustainable growth strategies.

Procore Technologies reports strong Q3 growth and outlines future expansion

Procore Technologies' Q3 performance reflects growth and strategic investments, with a focus on go-to-market changes and technology innovation. While challenges in margin management persist, the company is optimistic about long-term growth across global stakeholders.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Procore Technologies, Inc. engages in the development of cloud-based construction management software. The company was founded by Craig F. Courtemanche, Jr. and Steven C. Zahm in 2002 and is headquartered in Carpinteria, CA.

Procore Technologies has seen stable results since the offering. This growth and growth potential are now accelerated with a bolt-on acquisition.

Procore Technologies: Building The Core

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, has announced a partnership with the National Association of Minority Contractors (NAMC), the oldest minority construction trade association in the United States. Procore's social impact arm, Procore.org, will provide free Procore product training to NAMC National Members, NAMC Regional Chapter Members, and NAMC historically Black colleges and universities partn

Procore and The National Association of Minority Contractors Partner to Provide Product Training to Members

Procore is spending 40% of its cash balance to acquire Levelset. Will it be worth it?

Here's Why Construction Platform Procore Just Made A $500 Million Acquisition

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that TrustRadius has recognized Procore with a 2021 Tech Cares Award. This award celebrates companies that have gone above and beyond to provide strong Corporate Social Responsibility (CSR) worldwide. “We're excited to announce our second annual Tech Cares Award winners,” said TrustRadius CEO Vinay Bhagat. “The past two years have tested the tech

Procore Earns a 2021 Tech Cares Award From TrustRadius

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced platform enhancements that will deliver added flexibility and deeper insights for project teams. These innovations bring cross-platform insights with a new reports builder, and a new global workflow engine, which will improve the efficiency of estimating and bidding processes. “For almost 20 years, Procore has been working to connect everyone in

Procore Announces Preconstruction and Platform Innovations

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today released a report in partnership with Dodge Data & Analytics, a leading provider of commercial construction project data. The report found that both owners and contractors face a variety of challenges when it comes to project cost management, but they believe using one streamlined tool will help facilitate construction projects and cost management more

New Survey Reveals Top Opportunities for Construction Project Cost Management

Construction Makes up 13% of the World's GDP

This Recent IPO's Product Suite is Revolutionizing the Stodgy Construction Industry

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced multiple platform updates to further meet the needs of its global customers — from document control to data and privacy enhancements. Used in over 125 countries, Procore's platform is continually advancing to provide customers with everything they need to meet business and security needs worldwide. “Procore builds software for the people who buil

Procore Expands Document Management, Data Center Coverage and Regional Customization to Meet Global Demand

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced the next wave of enhancements for a smarter and more connected platform. “For almost 20 years, Procore has been working to connect everyone in construction on a global platform, providing a single source of truth for customers around the world,” said Tooey Courtemanche, Procore founder and CEO. “We're consistently innovating by connecting all of

Procore Announces New Innovation Connecting Construction with Mobile Personalization, Messaging and Investments in AI

NEW YORK--(BUSINESS WIRE)-- #DADavidsonIB--D.A. Davidson & Co. acts as exclusive financial advisor to Levelset on its agreement to be acquired by Procore Technologies, Inc.

D.A. Davidson & Co. Acts as Exclusive Financial Advisor to Levelset on Its Agreement to be Acquired by Procore Technologies, Inc.

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore to Acquire Levelset to Simplify Lien Management Workflows for Construction

Procore to Acquire Levelset to Simplify Lien Management Workflows for Construction

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, has appointed construction technology expert Sandra Benson as its Head of Industry Transformation. In this new role, Benson will advise Procore's product and sales engineering teams on customer and partner requirements. “At Procore, we are not only committed to developing best-in-class technology for the construction industry, but also being a partner to it. San

Procore Appoints Sandra Benson as Global Head of Industry Transformation

WASHINGTON--(BUSINESS WIRE)--Associated Builders and Contractors and Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced a partnership that provides ABC chapters and members exclusive discounted pricing on their new purchases of Procore products and services. “Many of our members are eager to boost their technology portfolio to enhance profitability, safety and efficiency, and this partnership can help our members achieve their goals,

ABC and Procore Announce Partnership to Provide Construction Management Solutions for ABC Members

SYDNEY--(BUSINESS WIRE)---- $PCOR--Three in five Australian construction leaders say data analysis helps reduce project defects. New research from Procore.

Three In Five Australian Construction Leaders Say Data Analysis Helps Reduce Project Defects

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), a leading provider of construction management software, today announced that it has again received top honors from G2 users across several software categories, increasing its leadership status from the previous G2 2021 Summer Report. In the G2 2021 Fall Report, Procore maintained its leadership status across construction management, construction project management, bid management, construction ERP, construction drawi

Procore Leads Eight Key Categories in G2 2021 Fall Report

Discussing construction, the importance of education, and future trends.

Procore CEO Tooey Courtemanche on Making Construction Work Better

UiPath

Roblox

DoorDash

Zoom Video

Chase Coleman (Trades, Portfolio), founder of Tiger Global Management and one of Julian Robertson (Trades, Portfolio)'s former "tiger cubs," disclosed his third-quarter portfolio earlier this week.

Chase Coleman's Tiger Global Pounces on Procore and UiPath, Curbs Roblox Stake

TORONTO--(BUSINESS WIRE)---- $PCOR--160-year-old Shaw Group in Eastern Canada Prepares for the Future with Procore.

160-year-old Shaw Group in Eastern Canada Prepares for the Future with Procore

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--78% of Corporate and Public Real Estate Owners Over Budget On Construction Projects: IDC Survey

78% of Corporate and Public Real Estate Owners Over Budget On Construction Projects: IDC Survey

Facing several short-term challenges, construction companies are in need of its digital solutions.

Is Procore Still a Good Buy After Its Q2 Earnings?

Procore Technologies' (PCOR) CEO Tooey Courtemanche on Q2 2021 Results - Earnings Call Transcript

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR #earnings--Procore Announces Strong Second Quarter 2021 Financial Results Revenue Accelerates to 27% Year-Over-Year Growth

Procore Announces Strong Second Quarter 2021 Financial Results

This overlooked technology stock could be a big winner over the next few years if an infrastructure bill is passed.

1 Under-the-Radar Tech Stock That Could Boom From an Infrastructure Bill

CARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc., (NYSE: PCOR), a leading provider of construction management software, today announced the availability of its global ERP Connector platform, along with four new Procore-built accounting integrations. Now companies can obtain real-time insight into the financial health of their construction projects through centralized, accurate data that connects all of their stakeholders. They can easily connect their enterprise resource plannin

New Procore ERP Connector Platform Provides Real-Time Insight on Financial Health of Construction Projects

CARPINTERIA, Calif.--(BUSINESS WIRE)---- $PCOR--Procore Announces Timing of Second Quarter Fiscal Year 2021 Earnings Call

News for Procore Technologies Stock (PCOR)