PROCORE TECHNOLOGIES, INC. PCOR
Our mission is to connect everyone in construction on a global platform.
We are the leading global provider of construction management software, and are helping transform one of the oldest, largest, and least digitized industries in the world. We focus exclusively on connecting and empowering the construction industry's key stakeholders, such as owners, general contractors, and specialty contractors, to collaborate and access our capabilities from any location on any connected device. Our platform is modernizing and digitizing construction management by enabling timely access to critical project information, simplifying complex workflows, and facilitating seamless communication among relevant stakeholders, all of which we believe positions us to serve as a critical system of record and collaboration for the construction industry. We also continue to develop other products and services to address related challenges faced by the construction industry's key stakeholders. Our products, services, and platform help our customers increase productivity and efficiency, reduce rework and costly delays, improve safety and compliance, and enhance financial transparency and accountability.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.15B | $950.0M | $720.2M | $514.8M | $400.3M | $289.2M | — |
| Cost of revenue | $270.8M | $205.6M | $174.5M | $148.4M | $98.3M | $71.7M | $53.2M | — |
| Gross profit | $1.05B | $946.1M | $775.5M | $571.8M | $416.5M | $328.6M | $236.0M | — |
| R&D | $362.4M | $313.0M | $300.6M | $271.0M | $237.3M | $124.7M | $87.0M | — |
| SG&A | $233.0M | $217.5M | $195.7M | $166.3M | $156.6M | $73.5M | $58.2M | — |
| Total operating expenses | $1.18B | $1.08B | $991.2M | $862.2M | $702.4M | $387.2M | $318.7M | — |
| Operating income | -$124.3M | -$136.4M | -$215.7M | -$290.5M | -$285.9M | -$58.5M | -$82.6M | — |
| Interest expense | $1.2M | $1.9M | $2.0M | $2.1M | $2.3M | $2.4M | $930.0K | — |
| Pre-tax income | -$94.0M | -$104.2M | -$188.4M | -$286.5M | -$288.9M | -$97.2M | -$83.0M | — |
| Income tax | $6.8M | $1.8M | $1.3M | $466.0K | $23.8M | $993.0K | $71.0K | — |
| Net income | -$101.0M | -$106.0M | -$190.0M | -$287.0M | -$265.0M | -$96.2M | -$83.1M | — |
| EPS, basic | -0.67 | -0.72 | -1.34 | -2.10 | -2.86 | -3.45 | — | — |
| EPS, diluted | -0.67 | -0.72 | -1.34 | -2.10 | -2.86 | -3.56 | -3.41 | — |
| Shares, diluted (wtd. avg.) | $150.2M | $147.4M | $142.0M | $136.5M | $92.7M | $27.9M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $480.7M | $437.7M | $357.8M | $296.7M | $586.1M | $379.9M | $118.5M | — |
| Short-term investments | $287.8M | $337.7M | $320.2M | $285.5M | — | — | — | — |
| Receivables | $287.8M | $246.5M | $206.6M | $148.7M | $114.0M | $77.7M | — | — |
| Total current assets | $1.17B | $1.10B | $955.7M | $799.2M | $752.3M | $488.0M | — | — |
| Property, plant and equipment | $48.6M | $43.6M | $36.3M | $39.2M | $36.8M | $30.3M | — | — |
| Goodwill | $574.1M | $549.7M | $539.4M | $539.1M | $540.9M | $126.0M | $114.5M | — |
| Other intangibles | $105.4M | $120.9M | $137.5M | $163.0M | $202.0M | $33.2M | — | — |
| Total assets | $2.24B | $2.10B | $1.89B | $1.74B | $1.69B | $820.8M | — | — |
| Accounts payable | $25.2M | $33.1M | $13.2M | $14.3M | $15.5M | $9.0M | — | — |
| Total current liabilities | $884.6M | $728.0M | $642.4M | $531.6M | $403.7M | $261.7M | — | — |
| Total liabilities | $976.8M | $813.0M | $738.0M | $623.6M | $501.4M | $365.4M | — | — |
| Retained earnings | -$1.35B | -$1.24B | -$1.14B | -$949.1M | -$662.2M | -$397.0M | — | — |
| Total equity | $1.26B | $1.29B | $1.16B | $1.12B | $1.19B | -$272.1M | -$253.8M | -$199.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $300.3M | $196.2M | $92.0M | $12.6M | $36.7M | $21.9M | -$7.0M | — |
| Depreciation and amortisation | $110.6M | $89.8M | $71.6M | $63.0M | $36.4M | $26.0M | $14.9M | — |
| Stock-based compensation | $238.4M | $186.9M | $174.8M | $162.9M | $227.2M | $44.0M | $19.2M | — |
| Capital expenditure | $18.1M | $19.1M | $10.3M | $15.8M | $12.4M | $7.2M | $13.1M | — |
| Investing cash flow | -$70.5M | -$150.1M | -$76.1M | -$340.5M | -$541.8M | -$33.5M | -$66.7M | — |
| Financing cash flow | -$178.9M | $36.2M | $41.2M | $38.7M | $711.8M | $272.1M | $92.8M | — |
| Buybacks | $128.8M | $0 | $0 | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-177306.
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