PCOR Stock - Procore Technologies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.15B | $950.01M | $720.20M | $514.82M | $400.29M |
| Gross Profit | $946.10M | $775.55M | $571.79M | $416.51M | $328.63M |
| Gross Margin | 82.1% | 81.6% | 79.4% | 80.9% | 82.1% |
| Operating Income | $-136,423,000 | $-215,677,000 | $-290,454,000 | $-285,927,000 | $-58,530,000 |
| Net Income | $-105,956,000 | $-189,694,000 | $-286,931,000 | $-265,165,000 | $-96,167,000 |
| Net Margin | -9.2% | -20.0% | -39.8% | -51.5% | -24.0% |
| EPS | $-0.72 | $-1.34 | $-2.10 | $-1.98 | $-0.82 |
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, 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, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 17th 2025 | BTIG Research | Initiation | Buy | $88 |
| October 3rd 2025 | Berenberg | Initiation | Buy | $84 |
| August 4th 2025 | DA Davidson | Resumed | Neutral | $70 |
| August 1st 2025 | BMO Capital Markets | Reiterated | Outperform | $82← $75 |
| August 1st 2025 | Citizens JMP | Downgrade | Market Perform | - |
| June 16th 2025 | Arete | Initiation | Buy | $91 |
| April 23rd 2025 | BMO Capital Markets | Reiterated | Outperform | $75← $95 |
| January 6th 2025 | Jefferies | Upgrade | Buy | $100← $80 |
| December 2nd 2024 | UBS | Initiation | Buy | $105 |
| November 22nd 2024 | BMO Capital Markets | Reiterated | Outperform | $85← $71 |
| September 24th 2024 | Robert W. Baird | Initiation | Outperform | $73 |
| August 2nd 2024 | Barclays | Downgrade | Equal Weight | $54← $78 |
| August 2nd 2024 | DA Davidson | Downgrade | Neutral | $60← $90 |
| June 5th 2024 | Macquarie | Initiation | Neutral | $70 |
| June 4th 2024 | Mizuho | Downgrade | Neutral | $70← $75 |
Earnings History & Surprises
PCOREPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 29, 2026 | — | — | — | — |
Q1 2026 | Feb 12, 2026 | $0.35 | — | — | — |
Q4 2025 | Nov 5, 2025 | $0.32 | $0.42 | +30.1% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.24 | $0.35 | +45.8% | ✓ BEAT |
Q2 2025 | May 1, 2025 | $0.17 | $0.23 | +35.3% | ✓ BEAT |
Q1 2025 | Feb 13, 2025 | $0.11 | $0.01 | -90.9% | ✗ MISS |
Q4 2024 | Oct 30, 2024 | $0.21 | $0.24 | +14.3% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.24 | $0.39 | +62.5% | ✓ BEAT |
Q2 2024 | May 1, 2024 | $0.16 | $0.30 | +87.5% | ✓ BEAT |
Q1 2024 | Feb 15, 2024 | $0.07 | $0.17 | +142.9% | ✓ BEAT |
Q4 2023 | Nov 1, 2023 | $-0.06 | $0.09 | +250.0% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $-0.10 | $0.02 | +120.0% | ✓ BEAT |
Q2 2023 | May 3, 2023 | $-0.13 | $0.01 | +107.7% | ✓ BEAT |
Q1 2023 | Feb 16, 2023 | $-0.14 | $-0.08 | +42.9% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $-0.17 | $-0.09 | +47.1% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $-0.18 | $-0.19 | -5.6% | ✗ MISS |
Q2 2022 | May 4, 2022 | $-0.17 | $-0.15 | +11.8% | ✓ BEAT |
Q1 2022 | Feb 22, 2022 | $-0.15 | $-0.15 | 0.0% | = MET |
Q4 2021 | Nov 4, 2021 | $-0.08 | $-0.02 | +75.0% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $-0.14 | $-0.14 | 0.0% | = MET |
Latest News
Canaccord Genuity Maintains Buy on Procore Technologies, Raises Price Target to $90
📈 PositiveBaird Maintains Outperform on Procore Technologies, Raises Price Target to $93
📈 PositiveKeybanc Maintains Overweight on Procore Technologies, Raises Price Target to $91
📈 PositiveBMO Capital Maintains Outperform on Procore Technologies, Raises Price Target to $87
📈 PositivePiper Sandler Maintains Overweight on Procore Technologies, Raises Price Target to $91
📈 PositiveProcore Technologies Non-GAAP EPS of $0.42 beats by $0.10, revenue of $339M beats by $10.87M
📈 PositiveProcore Technologies shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY25 sales guidance above estimates.
📈 PositiveProcore Technologies Sees Q4 Sales $339.000M-$341.000M vs $339.219M Est
➖ NeutralProcore Technologies Raises FY2025 Sales Guidance from $1.299B-$1.302B to $1.312B-$1.314B vs $1.302B Est
📈 PositiveProcore Technologies Q3 Adj. EPS $0.42 Beats $0.32 Estimate, Sales $338.851M Beat $328.200M Estimate
📈 PositivePiper Sandler Maintains Overweight on Procore Technologies, Maintains $82 Price Target
📈 PositiveProcore Technologies Appoints Ajei Gopal As Chief Executive Officer; Gopal Will Succeed Procore's Founder, President, And CEO Tooey Courtemanche; Co. Reaffirms Its Q3 Fiscal 2025 And FY Fiscal 2025 Guidance
📈 PositiveProcore Collaborates With Amazon Web Services For AI Acceleration And Improve Project Outcomes In Construction
📈 PositiveFrequently Asked Questions about PCOR
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