Procore Technologies Inc Financials
This page shows Procore Technologies Inc (PCOR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
High gross margins and minimal reinvestment needs are turning Procore's growth into cash well before reported profit.
Across the last three years, free cash flow rose from$81.7M to$282.2M , improving far faster than the loss line. That gap matters because the company still posted a net loss of-$101M while operating cash flow reached$300.3M , which means accounting losses are increasingly non-cash and the business is already funding itself internally.
With gross margin still near
Capital intensity is unusually low for a company still reporting losses: capex was only
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Procore Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Procore Technologies Inc has an operating margin of -9.4%, meaning the company retains $-9 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -11.8% the prior year.
Procore Technologies Inc's revenue grew 14.8% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 63/100.
Procore Technologies Inc carries a low D/E ratio of 0.77, meaning only $0.77 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 86/100, indicating a strong balance sheet with room for future borrowing.
Procore Technologies Inc's current ratio of 1.32 is below the typical benchmark, resulting in a score of 22/100. However, the company holds substantial cash reserves (54% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Procore Technologies Inc converts 21.3% of revenue into free cash flow ($282.2M). This strong cash generation earns a score of 68/100.
Procore Technologies Inc generates a -8.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 0/100. This is up from -8.2% the prior year.
Procore Technologies Inc passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Procore Technologies Inc generates $-2.97 in operating cash flow ($300.3M OCF vs -$101.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Procore Technologies Inc earns $-107.8 in operating income for every $1 of interest expense (-$124.3M vs $1.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Procore Technologies Inc generated $1.3B in revenue in fiscal year 2025. This represents an increase of 14.8% from the prior year.
Procore Technologies Inc's EBITDA was -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.5% from the prior year.
Procore Technologies Inc reported -$101.0M in net income in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Procore Technologies Inc earned $-0.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.9% from the prior year.
Cash & Balance Sheet
Procore Technologies Inc generated $282.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 59.4% from the prior year.
Procore Technologies Inc held $480.7M in cash against $0 in long-term debt as of fiscal year 2025.
Procore Technologies Inc had 152M shares outstanding in fiscal year 2025. This represents an increase of 1.2% from the prior year.
Margins & Returns
Procore Technologies Inc's gross margin was 79.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.
Procore Technologies Inc's operating margin was -9.4% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Procore Technologies Inc's net profit margin was -7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.
Procore Technologies Inc's ROE was -8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Capital Allocation
Procore Technologies Inc invested $362.4M in research and development in fiscal year 2025. This represents an increase of 15.8% from the prior year.
Procore Technologies Inc spent $128.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Procore Technologies Inc invested $18.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.4% from the prior year.
PCOR Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $359.3M+2.9% | $349.1M+3.0% | $338.9M+4.6% | $323.9M+4.3% | $310.6M+2.8% | $302.0M+2.1% | $295.9M+4.1% | $284.3M |
| Cost of Revenue | $71.5M+3.0% | $69.4M+0.9% | $68.8M+1.5% | $67.7M+4.3% | $64.9M+14.2% | $56.8M+3.4% | $55.0M+14.2% | $48.1M |
| Gross Profit | $287.8M+2.9% | $279.7M+3.6% | $270.1M+5.4% | $256.2M+4.3% | $245.7M+0.2% | $245.2M+1.8% | $240.9M+2.0% | $236.2M |
| R&D Expenses | $85.6M-12.5% | $97.8M+11.1% | $88.0M-1.0% | $88.9M+1.5% | $87.6M-1.9% | $89.3M+10.5% | $80.8M+11.7% | $72.3M |
| SG&A Expenses | $68.7M-0.2% | $68.9M+30.5% | $52.8M-5.2% | $55.7M0.0% | $55.7M-7.9% | $60.4M+9.4% | $55.3M+8.8% | $50.8M |
| Operating Income | -$15.7M+63.4% | -$42.8M-184.8% | -$15.0M+50.3% | -$30.3M+16.5% | -$36.2M+45.3% | -$66.2M-81.5% | -$36.5M-147.0% | -$14.8M |
| Interest Expense | $268K-8.8% | $294K+6.5% | $276K-7.4% | $298K+4.6% | $285K-38.0% | $460K-5.7% | $488K+3.4% | $472K |
| Income Tax | -$1.9M-230.6% | $1.4M+200.6% | $479K+216.5% | -$411K-107.8% | $5.3M+285.0% | $1.4M+489.5% | -$353K-172.0% | $490K |
| Net Income | -$9.1M+75.9% | -$37.8M-315.6% | -$9.1M+56.8% | -$21.1M+36.1% | -$33.0M+47.1% | -$62.3M-136.2% | -$26.4M-318.1% | -$6.3M |
| EPS (Diluted) | $-0.06 | N/A | $-0.06+57.1% | $-0.14+36.4% | $-0.22 | N/A | $-0.18-350.0% | $-0.04 |
PCOR Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.1B-5.8% | $2.2B+8.8% | $2.1B+2.7% | $2.0B+2.8% | $1.9B-7.3% | $2.1B+4.1% | $2.0B+2.6% | $2.0B |
| Current Assets | $901.4M-22.8% | $1.2B+16.1% | $1.0B+10.2% | $912.5M+11.8% | $816.5M-25.8% | $1.1B+8.2% | $1.0B+5.2% | $966.5M |
| Cash & Equivalents | $386.0M-19.7% | $480.7M+37.1% | $350.5M+8.1% | $324.3M+3.4% | $313.7M-28.3% | $437.7M-0.4% | $439.3M+23.3% | $356.2M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $184.7M-35.8% | $287.8M+39.8% | $205.8M+6.0% | $194.1M+20.1% | $161.6M-34.4% | $246.5M+42.2% | $173.4M+9.3% | $158.7M |
| Goodwill | $688.8M+20.0% | $574.1M0.0% | $573.9M0.0% | $574.1M+0.1% | $573.4M+4.3% | $549.7M-0.1% | $550.2M0.0% | $550.4M |
| Total Liabilities | $908.1M-7.0% | $976.8M+17.1% | $834.5M+6.1% | $786.5M+2.5% | $767.1M-5.7% | $813.0M+10.9% | $733.1M+3.1% | $711.2M |
| Current Liabilities | $807.2M-8.7% | $884.6M+17.3% | $754.0M+6.8% | $705.9M+3.0% | $685.6M-5.8% | $728.0M+12.2% | $649.0M+3.9% | $624.8M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $1.2B-4.9% | $1.3B+3.1% | $1.2B+0.5% | $1.2B+3.0% | $1.2B-8.3% | $1.3B+0.2% | $1.3B+2.4% | $1.3B |
| Retained Earnings | -$1.4B-0.7% | -$1.3B-2.9% | -$1.3B-0.7% | -$1.3B-1.7% | -$1.3B-2.7% | -$1.2B-5.3% | -$1.2B-2.3% | -$1.2B |
PCOR Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $76.8M-33.2% | $114.9M+29.9% | $88.5M+187.0% | $30.8M-53.3% | $66.0M+127.2% | $29.1M-26.0% | $39.3M-33.1% | $58.7M |
| Capital Expenditures | $2.9M-48.7% | $5.7M+5.7% | $5.4M+81.2% | $3.0M-26.2% | $4.0M-65.3% | $11.6M+228.0% | $3.5M+89.3% | $1.9M |
| Free Cash Flow | $73.8M-32.4% | $109.2M+31.5% | $83.1M+198.3% | $27.9M-55.1% | $62.0M+255.8% | $17.4M-51.2% | $35.7M-37.1% | $56.8M |
| Investing Cash Flow | -$55.0M-323.8% | $24.6M+268.2% | -$14.6M+13.8% | -$17.0M+73.3% | -$63.5M-54.3% | -$41.2M-197.2% | $42.3M+128.9% | -$146.6M |
| Financing Cash Flow | -$109.7M-1438.4% | -$7.1M+82.2% | -$40.0M-636.8% | -$5.4M+95.7% | -$126.4M-1015.9% | $13.8M+275860.0% | $5K-100.0% | $15.8M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $100.0M+434834.8% | $23K-99.9% | $25.7M+719.4% | $3.1M-96.9% | $100.0M | $0 | $0 | $0 |
PCOR Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.1%-0.0pp | 80.1%+0.4pp | 79.7%+0.6pp | 79.1%0.0pp | 79.1%-2.1pp | 81.2%-0.3pp | 81.4%-1.6pp | 83.1% |
| Operating Margin | -4.4%+7.9pp | -12.3%-7.8pp | -4.4%+4.9pp | -9.3%+2.3pp | -11.7%+10.3pp | -21.9%-9.6pp | -12.3%-7.1pp | -5.2% |
| Net Margin | -2.5%+8.3pp | -10.8%-8.1pp | -2.7%+3.8pp | -6.5%+4.1pp | -10.6%+10.0pp | -20.6%-11.7pp | -8.9%-6.7pp | -2.2% |
| Return on Equity | -0.8%+2.2pp | -3.0%-2.3pp | -0.7%+1.0pp | -1.7%+1.1pp | -2.8%+2.0pp | -4.8%-2.8pp | -2.1%-1.6pp | -0.5% |
| Return on Assets | -0.4%+1.3pp | -1.7%-1.2pp | -0.4%+0.6pp | -1.1%+0.6pp | -1.7%+1.3pp | -3.0%-1.7pp | -1.3%-1.0pp | -0.3% |
| Current Ratio | 1.12-0.2 | 1.32-0.0 | 1.33+0.0 | 1.29+0.1 | 1.19-0.3 | 1.51-0.1 | 1.57+0.0 | 1.55 |
| Debt-to-Equity | 0.76-0.0 | 0.77+0.1 | 0.68+0.0 | 0.650.0 | 0.65+0.0 | 0.63+0.1 | 0.570.0 | 0.57 |
| FCF Margin | 20.5%-10.7pp | 31.3%+6.8pp | 24.5%+15.9pp | 8.6%-11.4pp | 20.0%+14.2pp | 5.8%-6.3pp | 12.1%-7.9pp | 20.0% |
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Frequently Asked Questions
What is Procore Technologies Inc's annual revenue?
Procore Technologies Inc (PCOR) reported $1.3B in total revenue for fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Procore Technologies Inc's revenue growing?
Procore Technologies Inc (PCOR) revenue grew by 14.8% year-over-year, from $1.2B to $1.3B in fiscal year 2025.
Is Procore Technologies Inc profitable?
No, Procore Technologies Inc (PCOR) reported a net income of -$101.0M in fiscal year 2025, with a net profit margin of -7.6%.
What is Procore Technologies Inc's EBITDA?
Procore Technologies Inc (PCOR) had EBITDA of -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Procore Technologies Inc's gross margin?
Procore Technologies Inc (PCOR) had a gross margin of 79.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Procore Technologies Inc's operating margin?
Procore Technologies Inc (PCOR) had an operating margin of -9.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Procore Technologies Inc's net profit margin?
Procore Technologies Inc (PCOR) had a net profit margin of -7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Procore Technologies Inc's return on equity (ROE)?
Procore Technologies Inc (PCOR) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Procore Technologies Inc's free cash flow?
Procore Technologies Inc (PCOR) generated $282.2M in free cash flow during fiscal year 2025. This represents a 59.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Procore Technologies Inc's operating cash flow?
Procore Technologies Inc (PCOR) generated $300.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Procore Technologies Inc's total assets?
Procore Technologies Inc (PCOR) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Procore Technologies Inc's capital expenditures?
Procore Technologies Inc (PCOR) invested $18.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Procore Technologies Inc spend on research and development?
Procore Technologies Inc (PCOR) invested $362.4M in research and development during fiscal year 2025.
What is Procore Technologies Inc's current ratio?
Procore Technologies Inc (PCOR) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.
What is Procore Technologies Inc's debt-to-equity ratio?
Procore Technologies Inc (PCOR) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Procore Technologies Inc's return on assets (ROA)?
Procore Technologies Inc (PCOR) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Procore Technologies Inc's Piotroski F-Score?
Procore Technologies Inc (PCOR) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Procore Technologies Inc's earnings high quality?
Procore Technologies Inc (PCOR) has an earnings quality ratio of -2.97x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Procore Technologies Inc cover its interest payments?
Procore Technologies Inc (PCOR) has an interest coverage ratio of -107.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Procore Technologies Inc?
Procore Technologies Inc (PCOR) scores 40 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.