Procore Technologies, Inc.PCOR
NYSE•Technology•Software - Application
Procore Technologies, Inc., together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the United States and internationally. Its platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The company offers Preconstruction that facilitates collaboration between internal and external stakeholders during the takeoff, planning, budgeting, estimating, bidding, design, and partner selection phases of a construction project and Project Execution, which enables collaboration, information transmission and storage, and safety regulation compliance for teams on the jobsite and in the back office. It also provides Resource Management, that helps customers to schedule, track, and forecast workforce and equipment productivity, improve time management, communicate with workforces, optimize procurement and movement of materials, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, and support payments between key stakeholders. The company serves owners, general contractors, and specialty contractors operating in the residential and non-residential segments of the construction industry. The company sells its products online through computers, smartphones, tablets, web browser, and mobile application available for iOS and Android platforms. Procore Technologies, Inc. was formerly known as Butterfly Lane, Inc and changed its name to Procore Technologies, Inc. in May 2002. The company was incorporated in 2002 and is headquartered in Carpinteria, California.
Procore Technologies, Inc. (PCOR) reported trailing twelve months revenue of $1.37B as of March 2026, a 14.9% increase year-over-year. Quarterly revenue reached $359.28M, reflecting continued top-line momentum.
Procore Technologies, Inc. reported a TTM net loss of $76.89M, with quarterly EBITDA of $13.50M. The operating margin expanded from -11.7% to -4.4%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-4.4%) and net margin (-2.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -10.6% a year ago, signaling stronger bottom-line efficiency.
PCOR trades at a P/S of 6.1x. The price-to-book ratio of 7.0x indicates a significant premium over book value.
The company generated $8.33M in free cash flow over the trailing twelve months, a 47.5% decrease year-over-year, indicating strong cash generation ability. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -10.2%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Only 5 of the last 8 quarters had positive FCF — the business may require external capital to sustain operations.
TTM revenue has grown consistently (7 of 7 quarters up), with ~29.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -0.2x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 3 of the last 8 quarters — occasional cash consumption.
Shares outstanding rose 2.7% — mild dilution. Compare to earnings growth to assess net per-share impact.