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
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S.
- Rest of the world
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| U.S. | $1.13B | $981.9M | $815.8M |
| Rest of the world | $194.8M | $169.8M | $134.2M |
As the company reported it, from the “GEOGRAPHIC INFORMATION - Summary of Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
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.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $289.2M | $400.3M | $514.8M | $720.2M | $950.0M | $1.15B | $1.32B |
| Gross profit | — | $236.0M | $328.6M | $416.5M | $571.8M | $775.5M | $946.1M | $1.05B |
| Net income | — | -$83.1M | -$96.2M | -$265.0M | -$287.0M | -$190.0M | -$106.0M | -$101.0M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |