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 $73.83M in free cash flow over the trailing twelve months, a 19.1% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $2.11B in total assets with no in long-term debt against $1.20B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 20 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.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
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 20 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -4.2x) — 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.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding rose 2.7% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation