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Procore Technologies (PCOR) Financials

Procore Technologies logo
$63.81 +0.11 (+0.17%)
As of 08/28/2026 03:58 PM Eastern
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Annual Income Statements for Procore Technologies

Annual Income Statements for Procore Technologies

This table shows Procore Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -83 -96 -265 -287 -190 -106 -101
Consolidated Net Income / (Loss)		 -83 -96 -265 -287 -190 -106 -101
Net Income / (Loss) Continuing Operations		 -83 -96 -265 -287 -190 -106 -101
Total Pre-Tax Income 		-83 -97 -289 -286 -188 -104 -94
Total Operating Income		 -83 -59 -286 -290 -216 -136 -124
Total Gross Profit		 236 329 417 572 776 946 1,052
Total Revenue		 289 400 515 720 950 1,152 1,323
Operating Revenue		 289 400 515 720 950 1,152 1,323
Total Cost of Revenue		 53 72 98 148 174 206 271
Operating Cost of Revenue		 53 72 98 148 174 206 271
Total Operating Expenses		 319 387 702 862 991 1,083 1,176
Selling, General & Admin Expense		 58 73 157 166 196 218 233
Marketing Expense		 173 189 309 425 495 552 581
Research & Development Expense		 87 125 237 271 301 313 362
Total Other Income / (Expense), net		 -0.41 -39 -3.00 1.95 27 32 30
Interest Expense		 0.93 2.35 2.33 2.14 1.96 1.90 1.15
Interest & Investment Income		 - 0.29 0.18 5.83 20 24 21
Other Income / (Expense), net		 0.52 -37 -0.84 -1.74 9.43 10 11
Income Tax Expense		 0.07 -0.99 -24 0.47 1.27 1.78 6.80
Basic Earnings per Share		 ($3.41) ($3.45) ($2.86) ($2.10) ($1.34) ($0.72) ($0.67)
Weighted Average Basic Shares Outstanding		 24.36M 27.90M 92.67M 136.53M 141.96M 147.44M 150.25M
Diluted Earnings per Share		 ($3.41) $0.00 ($2.86) ($2.10) ($1.34) ($0.72) ($0.67)
Weighted Average Diluted Shares Outstanding		 24.36M 27.90M 92.67M 136.53M 141.96M 147.44M 150.25M
Weighted Average Basic & Diluted Shares Outstanding		 24.36M 27.90M 92.67M 140.25M 144.92M 149.92M 150.10M

Quarterly Income Statements for Procore Technologies

This table shows Procore Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 -30 -11 -6.31 -26 -62 -33 -21 -9.10 -38 -9.10 17
Consolidated Net Income / (Loss)		 -30 -11 -6.31 -26 -62 -33 -21 -9.10 -38 -9.10 17
Net Income / (Loss) Continuing Operations		 -30 -11 -6.31 -26 -62 -33 -21 -9.10 -38 -9.10 17
Total Pre-Tax Income 		-29 -11 -5.82 -27 -61 -28 -22 -8.62 -36 -11 15
Total Operating Income		 -37 -19 -15 -36 -66 -36 -30 -15 -43 -16 4.33
Total Gross Profit		 212 224 236 241 245 246 256 270 280 288 300
Total Revenue		 260 269 284 296 302 311 324 339 349 359 375
Operating Revenue		 260 269 284 296 302 311 324 339 349 359 375
Total Cost of Revenue		 48 46 48 55 57 65 68 69 69 71 75
Operating Cost of Revenue		 48 46 48 55 57 65 68 69 69 71 75
Total Operating Expenses		 250 243 251 277 311 282 286 285 322 303 295
Selling, General & Admin Expense		 52 51 51 55 60 56 56 53 69 69 56
Marketing Expense		 123 121 128 141 162 139 142 144 156 149 146
Research & Development Expense		 75 71 72 81 89 88 89 88 98 86 93
Total Other Income / (Expense), net		 8.52 8.20 8.96 9.76 5.33 8.55 8.77 6.41 6.64 4.70 11
Interest Expense		 0.48 0.48 0.47 0.49 0.46 0.29 0.30 0.28 0.29 0.27 0.18
Interest & Investment Income		 3.54 5.94 5.81 5.96 16 6.00 7.04 4.83 3.08 5.52 5.14
Other Income / (Expense), net		 5.46 2.74 3.61 4.28 -10 2.84 2.02 1.86 3.86 -0.56 5.88
Income Tax Expense		 0.70 0.26 0.49 -0.35 1.38 5.29 -0.41 0.48 1.44 -1.88 -1.76
Basic Earnings per Share		 ($0.21) ($0.08) ($0.04) ($0.18) ($0.42) ($0.22) ($0.14) ($0.06) ($0.25) ($0.06) $0.11
Weighted Average Basic Shares Outstanding		 141.96M 145.48M 146.94M 148.13M 147.44M 150.00M 149.66M 150.28M 150.25M 150.95M 151.36M
Diluted Earnings per Share		 ($0.21) ($0.08) ($0.04) ($0.18) ($0.42) ($0.22) ($0.14) ($0.06) ($0.25) ($0.06) $0.11
Weighted Average Diluted Shares Outstanding		 141.96M 145.48M 146.94M 148.13M 147.44M 150.00M 149.66M 150.28M 150.25M 150.95M 152.79M
Weighted Average Basic & Diluted Shares Outstanding		 144.92M 146.32M 147.69M 148.66M 149.92M 149.17M 150.19M 155.47M 150.10M 150.89M 151.96M

Annual Cash Flow Statements for Procore Technologies

This table details how cash moves in and out of Procore Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 19 260 207 -289 57 82 51
Net Cash From Operating Activities		 -7.00 22 37 13 92 196 300
Net Cash From Continuing Operating Activities		 -7.00 22 37 13 92 196 300
Net Income / (Loss) Continuing Operations		 -83 -96 -265 -287 -190 -106 -101
Consolidated Net Income / (Loss)		 -83 -96 -265 -287 -190 -106 -101
Depreciation Expense		 15 26 36 63 72 90 111
Non-Cash Adjustments To Reconcile Net Income		 24 91 236 175 187 189 238
Changes in Operating Assets and Liabilities, net		 37 1.33 29 62 23 23 53
Net Cash From Investing Activities		 -67 -34 -542 -340 -76 -150 -70
Net Cash From Continuing Investing Activities		 -67 -34 -542 -340 -76 -150 -70
Purchase of Property, Plant & Equipment		 -28 -19 -28 -49 -53 -72 -87
Acquisitions		 -39 -15 -510 0.00 0.00 -26 -42
Purchase of Investments		 0.00 0.00 -4.30 -373 -403 -494 -354
Sale and/or Maturity of Investments		 - 0.00 0.00 86 378 441 412
Other Investing Activities, net		 - 0.00 0.00 -3.51 2.27 1.61 0.00
Net Cash From Financing Activities		 93 272 712 39 41 36 -179
Net Cash From Continuing Financing Activities		 93 217 712 39 41 36 -179
Repayment of Debt		 -1.13 -0.09 - - - - -1.64
Repurchase of Common Equity		 -1.04 -2.30 -3.88 -0.27 0.00 0.00 -129
Payment of Dividends		 -1.76 -0.17 -0.48 -3.87 0.00 -1.47 0.00
Issuance of Common Equity		 0.00 0.00 675 22 25 24 26
Other Financing Activities, net		 6.69 31 43 22 18 16 -75
Cash Interest Paid		 0.15 0.15 0.19 0.09 0.00 0.03 0.04

Quarterly Cash Flow Statements for Procore Technologies

This table details how cash moves in and out of Procore Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 38 71 -72 82 1.69 -124 8.45 34 132 -88 127
Net Cash From Operating Activities		 41 69 59 39 29 66 31 88 115 77 88
Net Cash From Continuing Operating Activities		 41 69 59 39 29 66 31 88 115 77 88
Net Income / (Loss) Continuing Operations		 -30 -11 -6.31 -26 -62 -33 -21 -9.10 -38 -9.10 17
Consolidated Net Income / (Loss)		 -30 -11 -6.31 -26 -62 -33 -21 -9.10 -38 -9.10 17
Depreciation Expense		 20 20 21 24 25 27 27 29 27 29 31
Non-Cash Adjustments To Reconcile Net Income		 45 41 48 48 52 46 56 57 79 61 53
Changes in Operating Assets and Liabilities, net		 5.40 19 -3.82 -6.34 14 26 -31 12 46 -4.52 -13
Net Cash From Investing Activities		 -18 -4.67 -147 42 -41 -64 -17 -15 25 -55 22
Net Cash From Continuing Investing Activities		 -18 -4.67 -147 42 -41 -64 -17 -15 25 -55 22
Purchase of Property, Plant & Equipment		 -20 -12 -12 -16 -33 -23 -20 -21 -23 -21 -23
Purchase of Investments		 -93 -102 -224 -87 -81 -135 -84 -60 -74 -0.53 0.17
Sale and/or Maturity of Investments		 85 107 119 146 69 136 88 66 122 125 45
Net Cash From Financing Activities		 15 6.68 16 0.01 14 -126 -5.42 -40 -7.13 -110 18
Net Cash From Continuing Financing Activities		 15 6.68 16 0.01 14 -126 -5.42 -40 -7.13 -110 18
Issuance of Debt		 -0.40 -0.45 -0.22 -0.90 - -0.39 -0.41 -0.42 - -0.42 -0.30
Other Financing Activities, net		 2.52 7.13 2.79 0.91 4.84 -26 -16 -14 -19 -9.26 5.00
Cash Income Taxes Paid		 0.18 0.17 1.46 0.46 0.58 0.56 2.35 0.78 - 1.01 2.24

Annual Balance Sheets for Procore Technologies

This table presents Procore Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 821 1,691 1,740 1,894 2,101 2,239
Total Current Assets		 488 752 799 956 1,100 1,167
Cash & Equivalents		 380 586 297 358 438 481
Short-Term Investments		 - 0.00 285 320 338 288
Accounts Receivable		 78 114 149 207 246 288
Prepaid Expenses		 17 35 45 42 44 55
Other Current Assets		 14 17 24 29 34 55
Plant, Property, & Equipment, net		 30 37 39 36 44 49
Total Noncurrent Assets		 303 902 902 902 958 1,024
Long-Term Investments		 - - - 0.00 46 43
Noncurrent Note & Lease Receivables		 42 40 37 34 32 20
Goodwill		 126 541 539 539 550 574
Intangible Assets		 52 229 222 221 233 248
Other Noncurrent Operating Assets		 83 92 104 107 97 140
Total Liabilities & Shareholders' Equity		 821 1,691 1,740 1,894 2,101 2,239
Total Liabilities		 365 501 624 738 813 977
Total Current Liabilities		 262 404 532 642 728 885
Accounts Payable		 9.01 15 14 13 33 25
Accrued Expenses		 28 66 99 100 89 130
Current Deferred Revenue		 213 302 397 502 585 687
Other Current Liabilities		 11 21 22 27 21 42
Total Noncurrent Liabilities		 104 98 92 96 85 92
Capital Lease Obligations		 - - 46 44 41 27
Noncurrent Deferred Revenue		 6.37 4.02 5.28 7.69 5.82 6.04
Other Noncurrent Operating Liabilities		 97 94 41 44 38 60
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -272 1,189 1,117 1,156 1,288 1,262
Total Preferred & Common Equity		 -272 1,189 1,117 1,156 1,288 1,262
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -272 1,189 1,117 1,156 1,288 1,262
Common Stock		 125 1,852 2,068 2,296 2,536 2,609
Retained Earnings		 -397 -662 -949 -1,139 -1,245 -1,346
Accumulated Other Comprehensive Income / (Loss)		 0.19 -0.58 -2.32 -1.38 -2.74 -1.27

Quarterly Balance Sheets for Procore Technologies

This table presents Procore Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,711 1,726 1,783 1,879 1,967 2,019 1,949 2,004 2,058 2,108 2,244
Total Current Assets		 775 798 842 955 966 1,017 816 913 1,005 901 1,043
Cash & Equivalents		 329 313 318 428 356 439 314 324 350 386 494
Short-Term Investments		 274 290 308 317 379 318 253 297 333 205 162
Accounts Receivable		 106 126 146 139 159 173 162 194 206 185 241
Prepaid Expenses		 42 44 43 42 41 54 51 54 68 68 83
Other Current Assets		 24 26 27 30 31 32 37 43 48 57 62
Plant, Property, & Equipment, net		 38 37 37 35 35 36 44 44 46 48 51
Total Noncurrent Assets		 898 891 904 888 966 966 1,089 1,048 1,008 1,159 1,151
Long-Term Investments		 - - - - 45 52 132 86 44 0.00 0.00
Noncurrent Note & Lease Receivables		 36 36 35 34 33 32 21 21 20 19 0.03
Goodwill		 539 539 539 539 550 550 573 574 574 689 688
Intangible Assets		 218 215 221 216 238 234 258 254 250 298 294
Other Noncurrent Operating Assets		 104 101 108 99 99 97 104 113 120 153 169
Total Liabilities & Shareholders' Equity		 1,711 1,726 1,783 1,879 1,967 2,019 1,949 2,004 2,058 2,108 2,244
Total Liabilities		 607 610 659 685 711 733 767 787 834 908 965
Total Current Liabilities		 515 520 562 595 625 649 686 706 754 807 891
Accounts Payable		 19 16 17 16 27 25 22 20 29 18 33
Accrued Expenses		 70 60 95 67 71 91 77 98 110 86 114
Current Deferred Revenue		 403 417 426 488 495 502 560 561 572 655 673
Other Current Liabilities		 23 27 24 24 32 31 26 28 43 47 71
Total Noncurrent Liabilities		 92 90 98 90 86 84 81 81 80 101 74
Capital Lease Obligations		 - 45 44 43 42 42 28 27 27 26 0.00
Noncurrent Deferred Revenue		 5.54 5.15 5.84 7.40 6.14 4.82 5.31 4.47 5.50 5.61 5.18
Other Noncurrent Operating Liabilities		 87 40 48 40 38 37 48 49 48 69 69
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 1,104 1,116 1,124 1,194 1,256 1,286 1,182 1,218 1,224 1,200 1,278
Total Preferred & Common Equity		 1,104 1,116 1,124 1,194 1,256 1,286 1,182 1,218 1,224 1,200 1,278
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 1,104 1,116 1,124 1,194 1,256 1,286 1,182 1,218 1,224 1,200 1,278
Common Stock		 2,119 2,184 2,235 2,346 2,414 2,468 2,462 2,518 2,534 2,557 2,619
Retained Earnings		 -1,013 -1,065 -1,109 -1,150 -1,156 -1,183 -1,278 -1,299 -1,308 -1,355 -1,338
Accumulated Other Comprehensive Income / (Loss)		 -2.01 -2.00 -2.43 -2.07 -2.33 -0.31 -2.49 -1.43 -1.64 -1.99 -2.47

Annual Metrics And Ratios for Procore Technologies

This table displays calculated financial ratios and metrics derived from Procore Technologies' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 38.42% 28.61% 39.89% 31.91% 21.23% 14.83%
EBITDA Growth		 0.00% -2.80% -262.33% 8.48% 41.26% 63.00% 91.19%
EBIT Growth		 0.00% -15.83% -201.55% -1.89% 29.42% 32.33% 9.69%
NOPAT Growth		 0.00% 29.16% -388.51% -1.58% 25.74% 36.75% 8.85%
Net Income Growth		 0.00% -15.71% -175.73% -8.21% 33.89% 44.14% 4.88%
EPS Growth		 0.00% 100.00% 0.00% 26.57% 36.19% 46.27% 6.94%
Operating Cash Flow Growth		 0.00% 412.01% 68.08% -65.67% 629.81% 113.20% 53.06%
Free Cash Flow Firm Growth		 0.00% 0.00% -525.12% 75.23% 48.94% 10.36% 31.44%
Invested Capital Growth		 0.00% 0.00% 699.29% -3.82% -10.15% -2.49% -5.99%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 8.42% 6.50% 3.79% 3.69%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 1.05% 25.75% -147.15% 93.20%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% -0.36% 17.44% -32.95% 26.53%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% -0.26% 14.94% -26.89% 15.86%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -7.58% 18.01% -44.78% 19.68%
EPS Q/Q Growth		 0.00% 0.00% 0.00% -32.91% 18.29% -41.18% 20.24%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -29.48% 192.31% 24.41% -5.62% 40.06%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 39.64% -57.95% 47.74%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 2.46% -3.70% -1.93% -8.66%
Profitability Metrics		 - - - - - - -
Gross Margin		 81.62% 82.10% 80.90% 79.39% 81.64% 82.15% 79.52%
EBITDA Margin		 -23.25% -17.26% -48.64% -31.82% -14.17% -4.32% -0.24%
Operating Margin		 -28.57% -14.62% -55.54% -40.33% -22.70% -11.85% -9.40%
EBIT Margin		 -28.39% -23.76% -55.70% -40.57% -21.71% -12.12% -8.60%
Profit (Net Income) Margin		 -28.74% -24.02% -51.51% -39.84% -19.97% -9.20% -7.62%
Tax Burden Percent		 100.09% 98.98% 91.78% 100.16% 100.68% 101.70% 107.24%
Interest Burden Percent		 101.13% 102.17% 100.75% 98.04% 91.36% 74.65% 82.61%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -108.58% -58.98% -34.36% -27.42% -18.55% -17.65%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -79.53% -45.52% -19.47% -20.80% -17.07% -15.90%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 66.35% 26.74% 9.48% 10.72% 9.88% 9.75%
Return on Equity (ROE)		 0.00% -42.24% -32.25% -24.88% -16.70% -8.67% -7.90%
Cash Return on Invested Capital (CROIC)		 0.00% -308.58% -214.51% -30.47% -16.72% -16.03% -11.48%
Operating Return on Assets (OROA)		 0.00% -11.59% -22.84% -17.03% -11.35% -6.99% -5.24%
Return on Assets (ROA)		 0.00% -11.72% -21.12% -16.73% -10.44% -5.30% -4.64%
Return on Common Equity (ROCE)		 0.00% 25.24% -17.98% -24.88% -16.70% -8.67% -7.90%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 35.34% -22.30% -25.69% -16.42% -8.22% 0.00%
Net Operating Profit after Tax (NOPAT)		 -58 -41 -200 -203 -151 -95 -87
NOPAT Margin		 -20.00% -10.24% -38.88% -28.23% -15.89% -8.29% -6.58%
Net Nonoperating Expense Percent (NNEP)		 0.00% -29.06% -13.46% -14.89% -6.61% -1.48% -1.76%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -17.49% -12.59% -7.18% -6.75%
Cost of Revenue to Revenue		 18.38% 17.90% 19.10% 20.61% 18.36% 17.85% 20.48%
SG&A Expenses to Revenue		 20.11% 18.35% 30.43% 23.09% 20.60% 18.89% 17.62%
R&D to Revenue		 30.09% 31.14% 46.09% 37.63% 31.64% 27.18% 27.40%
Operating Expenses to Revenue		 110.19% 96.72% 136.44% 119.72% 104.34% 93.99% 88.92%
Earnings before Interest and Taxes (EBIT)		 -82 -95 -287 -292 -206 -140 -114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -67 -69 -250 -229 -135 -50 -3.19
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 8.88 5.83 8.60 8.65 8.96
Price to Tangible Book Value (P/TBV)		 0.00 0.00 25.18 18.28 25.10 22.04 25.67
Price to Revenue (P/Rev)		 2.19 1.59 20.51 9.04 10.46 9.67 8.55
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 13.01 16.53 10.30 17.84 20.38 22.03
Enterprise Value to Revenue (EV/Rev)		 0.00 2.45 19.37 8.30 9.79 8.99 7.96
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 44.94 271.48 473.88 101.05 52.81 35.05
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.04 0.04 0.03 0.02
Long-Term Debt to Equity		 0.00 0.00 0.00 0.04 0.04 0.03 0.02
Financial Leverage		 0.00 -0.83 -0.59 -0.49 -0.52 -0.58 -0.61
Leverage Ratio		 0.00 1.80 1.53 1.49 1.60 1.63 1.70
Compound Leverage Factor		 0.00 1.84 1.54 1.46 1.46 1.22 1.41
Debt to Total Capital		 0.00% 0.00% 0.00% 3.92% 3.63% 3.11% 2.06%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 3.92% 3.63% 3.11% 2.06%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 159.75% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -59.75% 100.00% 96.08% 96.37% 96.89% 97.94%
Debt to EBITDA		 0.00 0.00 0.00 -0.20 -0.32 -0.83 -8.32
Net Debt to EBITDA		 0.00 0.00 0.00 2.34 4.71 15.66 245.68
Long-Term Debt to EBITDA		 0.00 0.00 0.00 -0.20 -0.32 -0.83 -8.32
Debt to NOPAT		 0.00 0.00 0.00 -0.22 -0.29 -0.43 -0.31
Net Debt to NOPAT		 0.00 0.00 0.00 2.64 4.20 8.17 9.01
Long-Term Debt to NOPAT		 0.00 0.00 0.00 -0.22 -0.29 -0.43 -0.31
Altman Z-Score		 0.00 0.80 12.08 5.55 7.57 7.93 6.68
Noncontrolling Interest Sharing Ratio		 0.00% 159.75% 44.23% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 1.86 1.86 1.50 1.49 1.51 1.32
Quick Ratio		 0.00 1.75 1.73 1.37 1.38 1.40 1.19
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -116 -728 -180 -92 -83 -57
Operating Cash Flow to CapEx		 -25.02% 115.22% 132.93% 25.51% 174.16% 270.72% 343.97%
Free Cash Flow to Firm to Interest Expense		 0.00 -49.48 -312.66 -84.44 -47.04 -43.46 -49.07
Operating Cash Flow to Interest Expense		 -7.53 9.29 15.78 5.91 47.02 103.30 260.43
Operating Cash Flow Less CapEx to Interest Expense		 -37.63 1.23 3.91 -17.25 20.02 65.14 184.71
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.49 0.41 0.42 0.52 0.58 0.61
Accounts Receivable Turnover		 0.00 5.15 5.37 5.48 5.35 5.08 4.95
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 13.23 15.35 18.95 25.18 28.85 28.68
Accounts Payable Turnover		 0.00 7.95 8.02 9.97 12.71 8.88 9.29
Days Sales Outstanding (DSO)		 0.00 70.84 67.95 66.56 68.26 71.80 73.73
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 45.90 45.48 36.61 28.72 41.12 39.29
Cash Conversion Cycle (CCC)		 0.00 24.94 22.46 29.95 39.54 30.68 34.43
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 75 603 580 521 508 478
Invested Capital Turnover		 0.00 10.61 1.52 1.22 1.73 2.24 2.68
Increase / (Decrease) in Invested Capital		 0.00 75 528 -23 -59 -13 -30
Enterprise Value (EV)		 0.00 982 9,971 5,975 9,298 10,359 10,524
Market Capitalization		 634 634 10,557 6,511 9,933 11,139 11,309
Book Value per Share		 $0.00 ($9.75) $9.01 $8.09 $8.05 $8.67 $8.12
Tangible Book Value per Share		 $0.00 ($16.13) $3.18 $2.58 $2.76 $3.40 $2.83
Total Capital		 0.00 455 1,189 1,162 1,199 1,330 1,289
Total Debt		 0.00 0.00 0.00 46 44 41 27
Total Long-Term Debt		 0.00 0.00 0.00 46 44 41 27
Net Debt		 0.00 -380 -586 -537 -634 -780 -784
Capital Expenditures (CapEx)		 28 19 28 49 53 72 87
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -154 -238 -315 -365 -404 -486
Debt-free Net Working Capital (DFNWC)		 0.00 226 349 268 313 372 282
Net Working Capital (NWC)		 0.00 226 349 268 313 372 282
Net Nonoperating Expense (NNE)		 25 55 65 84 39 10 14
Net Nonoperating Obligations (NNO)		 0.00 -380 -586 -537 -634 -780 -784
Total Depreciation and Amortization (D&A)		 15 26 36 63 72 90 111
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -38.38% -46.14% -43.69% -38.38% -35.04% -36.76%
Debt-free Net Working Capital to Revenue		 0.00% 56.52% 67.71% 37.15% 32.98% 32.29% 21.34%
Net Working Capital to Revenue		 0.00% 56.52% 67.71% 37.15% 32.98% 32.29% 21.34%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($2.86) ($2.10) ($1.34) ($0.72) ($0.67)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 135.10M 136.53M 141.96M 147.44M 150.25M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($2.86) $0.00 ($1.34) ($0.72) ($0.67)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 135.10M 136.53M 141.96M 147.44M 150.25M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($2.86) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 92.67M 140.25M 144.92M 149.92M 150.10M
Normalized Net Operating Profit after Tax (NOPAT)		 -58 -41 -200 -203 -151 -95 -87
Normalized NOPAT Margin		 -20.00% -10.24% -38.88% -28.23% -15.89% -8.29% -6.58%
Pre Tax Income Margin		 -28.71% -24.27% -56.12% -39.78% -19.83% -9.05% -7.11%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 -88.29 -40.42 -123.18 -136.86 -105.39 -73.49 -98.67
NOPAT to Interest Expense		 -62.19 -17.41 -85.97 -95.23 -77.15 -50.29 -75.49
EBIT Less CapEx to Interest Expense		 -118.38 -48.48 -135.05 -160.01 -132.39 -111.65 -174.38
NOPAT Less CapEx to Interest Expense		 -92.29 -25.47 -97.84 -118.38 -104.14 -88.45 -151.20
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 -2.12% -0.17% -0.18% -1.35% 0.00% -1.39% 0.00%
Augmented Payout Ratio		 -3.38% -2.56% -1.64% -1.44% 0.00% -1.39% -127.84%

Quarterly Metrics And Ratios for Procore Technologies

This table displays calculated financial ratios and metrics derived from Procore Technologies' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 150,100,482.00 150,890,216.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 150,100,482.00 150,890,216.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - -0.06 0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 28.70% 26.18% 24.42% 19.35% 16.15% 15.29% 13.92% 14.52% 15.58% 15.66% 15.83%
EBITDA Growth		 79.30% 107.39% 114.92% 73.53% -323.77% -268.48% -110.40% 300.75% 72.12% 297.50% 4,172.59%
EBIT Growth		 57.75% 76.74% 73.82% 32.72% -139.25% -106.70% -153.01% 59.11% 41.38% 51.43% 136.14%
NOPAT Growth		 50.36% 72.70% 74.84% 27.51% -77.44% -91.71% -104.84% 58.82% 35.39% 56.76% 122.79%
Net Income Growth		 58.53% 82.72% 88.07% 39.82% -111.02% -200.83% -234.16% 65.51% 39.63% 72.43% 180.24%
EPS Growth		 58.82% 82.22% 89.19% 41.94% -100.00% -175.00% -250.00% 66.67% 40.48% 72.73% 178.57%
Operating Cash Flow Growth		 79.55% 136.19% 602.65% 16.64% -28.68% -4.51% -47.48% 125.26% 295.59% 16.25% 185.04%
Free Cash Flow Firm Growth		 210.69% -113.95% 284.47% 75.34% -201.89% -1,048.19% -239.00% -504.88% 101.51% -207.54% -88.99%
Invested Capital Growth		 -10.15% -1.88% -7.27% -4.25% -2.49% 3.78% 4.02% 0.93% -5.99% 24.33% 15.65%
Revenue Q/Q Growth		 4.89% 3.61% 5.54% 4.06% 2.08% 2.84% 4.28% 4.61% 3.03% 2.91% 4.43%
EBITDA Q/Q Growth		 59.59% 117.70% 52.20% -234.85% -546.86% 87.31% 84.63% 1,691.26% -172.75% 211.00% 216.93%
EBIT Q/Q Growth		 33.44% 61.21% 7.66% -115.86% -136.72% 56.19% 15.45% 53.36% -195.67% 58.33% 162.90%
NOPAT Q/Q Growth		 25.85% 49.36% 21.84% -147.00% -81.51% 45.29% 16.49% 50.34% -184.77% 63.39% 144.02%
Net Income Q/Q Growth		 32.68% 62.85% 42.45% -318.13% -136.06% 47.04% 36.07% 56.84% -313.19% 75.81% 286.04%
EPS Q/Q Growth		 32.26% 61.90% 50.00% -350.00% -133.33% 47.62% 36.36% 57.14% -316.67% 76.00% 283.33%
Operating Cash Flow Q/Q Growth		 20.99% 69.71% -15.11% -33.08% -26.02% 127.24% -53.31% 186.99% 29.92% -33.22% 14.48%
Free Cash Flow Firm Q/Q Growth		 418.84% -111.68% 889.35% -108.39% -1,217.56% -31.64% 4.44% 63.51% 103.28% -26,965.23% 41.27%
Invested Capital Q/Q Growth		 -3.70% -5.58% 5.15% 0.15% -1.93% 0.49% 5.40% -2.83% -8.66% 32.89% -1.96%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 81.61% 83.03% 83.08% 81.43% 81.18% 79.10% 79.09% 79.71% 80.12% 80.10% 79.90%
EBITDA Margin		 -4.69% 1.44% 2.08% -2.70% -17.09% -2.11% -0.31% 4.73% -3.34% 3.60% 10.93%
Operating Margin		 -14.36% -7.02% -5.20% -12.33% -21.93% -11.67% -9.34% -4.44% -12.26% -4.36% 1.15%
EBIT Margin		 -12.26% -6.00% -5.25% -10.89% -25.25% -10.75% -8.72% -3.89% -11.16% -4.52% 2.72%
Profit (Net Income) Margin		 -11.35% -4.07% -2.22% -8.92% -20.62% -10.62% -6.51% -2.69% -10.77% -2.53% 4.51%
Tax Burden Percent		 102.43% 102.46% 108.42% 98.68% 102.26% 119.12% 98.09% 105.56% 103.98% 82.87% 111.60%
Interest Burden Percent		 90.42% 66.22% 39.00% 83.01% 79.88% 82.90% 76.12% 65.46% 92.86% 67.64% 148.57%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -11.60%
Return on Invested Capital (ROIC)		 -17.34% -9.94% -7.18% -18.09% -34.35% -19.43% -15.27% -7.61% -23.02% -7.31% 3.15%
ROIC Less NNEP Spread (ROIC-NNEP)		 -16.76% -10.29% -7.80% -17.96% -32.10% -18.32% -15.28% -7.80% -22.04% -7.61% 1.34%
Return on Net Nonoperating Assets (RNNOA)		 8.64% 5.84% 4.27% 10.06% 18.58% 10.59% 8.76% 4.56% 13.52% 3.95% -0.72%
Return on Equity (ROE)		 -8.70% -4.10% -2.92% -8.02% -15.77% -8.85% -6.51% -3.04% -9.50% -3.36% 2.44%
Cash Return on Invested Capital (CROIC)		 -16.72% -21.40% -8.25% -9.86% -16.03% -25.17% -26.39% -20.79% -11.48% -34.37% -22.86%
Operating Return on Assets (OROA)		 -6.41% -3.36% -3.02% -6.36% -14.56% -6.70% -5.41% -2.43% -6.80% -3.05% 1.82%
Return on Assets (ROA)		 -5.94% -2.28% -1.28% -5.21% -11.89% -6.62% -4.04% -1.68% -6.56% -1.71% 3.02%
Return on Common Equity (ROCE)		 -8.70% -4.10% -2.92% -8.02% -15.77% -8.85% -6.51% -3.04% -9.50% -3.36% 2.44%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -11.49% -7.22% -5.69% 0.00% -10.83% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -26 -13 -10 -26 -46 -25 -21 -11 -30 -11 4.83
NOPAT Margin		 -10.05% -4.91% -3.64% -8.63% -15.35% -8.17% -6.54% -3.10% -8.58% -3.05% 1.29%
Net Nonoperating Expense Percent (NNEP)		 -0.58% 0.35% 0.62% -0.12% -2.25% -1.11% 0.01% 0.19% -0.98% 0.30% 1.81%
Return On Investment Capital (ROIC_SIMPLE)		 -2.18% - - - -3.49% -2.10% -1.70% -0.84% -2.32% -0.89% 0.38%
Cost of Revenue to Revenue		 18.39% 16.97% 16.92% 18.57% 18.82% 20.90% 20.91% 20.29% 19.88% 19.90% 20.10%
SG&A Expenses to Revenue		 20.16% 18.94% 17.86% 18.68% 20.01% 17.92% 17.18% 15.58% 19.73% 19.13% 15.01%
R&D to Revenue		 28.69% 26.20% 25.43% 27.30% 29.56% 28.20% 27.45% 25.98% 28.02% 23.82% 24.88%
Operating Expenses to Revenue		 95.96% 90.05% 88.28% 93.76% 103.12% 90.77% 88.43% 84.14% 92.38% 84.46% 78.75%
Earnings before Interest and Taxes (EBIT)		 -32 -16 -15 -32 -76 -33 -28 -13 -39 -16 10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -12 3.89 5.92 -7.98 -52 -6.55 -1.01 16 -12 13 41
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 8.60 9.88 7.73 7.09 8.65 8.38 8.38 8.95 8.96 7.13 4.79
Price to Tangible Book Value (P/TBV)		 25.10 26.90 20.76 18.19 22.04 28.24 26.19 27.37 25.67 40.04 20.68
Price to Revenue (P/Rev)		 10.46 11.72 9.14 8.21 9.67 8.30 8.28 8.59 8.55 6.24 4.31
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 17.84 22.53 17.32 16.11 20.38 18.07 17.70 19.60 22.03 12.58 8.79
Enterprise Value to Revenue (EV/Rev)		 9.79 11.02 8.44 7.52 8.99 7.73 7.73 8.04 7.96 5.83 3.85
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 490.23 93.85
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 101.05 84.08 44.32 40.16 52.81 47.80 57.67 47.82 35.05 25.69 14.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.04 0.04 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.00
Long-Term Debt to Equity		 0.04 0.04 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.00
Financial Leverage		 -0.52 -0.57 -0.55 -0.56 -0.58 -0.58 -0.57 -0.59 -0.61 -0.52 -0.53
Leverage Ratio		 1.60 1.56 1.56 1.58 1.63 1.61 1.61 1.62 1.70 1.70 1.70
Compound Leverage Factor		 1.45 1.03 0.61 1.31 1.31 1.34 1.22 1.06 1.58 1.15 2.53
Debt to Total Capital		 3.63% 3.48% 3.27% 3.15% 3.11% 2.31% 2.21% 2.16% 2.06% 2.13% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 3.63% 3.48% 3.27% 3.15% 3.11% 2.31% 2.21% 2.16% 2.06% 2.13% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 96.37% 96.52% 96.73% 96.85% 96.89% 97.69% 97.79% 97.84% 97.94% 97.87% 100.00%
Debt to EBITDA		 -0.32 -0.49 -1.00 -2.08 -0.83 -0.46 -0.39 -0.58 -8.32 1.60 0.00
Net Debt to EBITDA		 4.71 7.98 17.45 38.08 15.66 11.14 9.58 14.94 245.68 -34.69 -11.25
Long-Term Debt to EBITDA		 -0.32 -0.49 -1.00 -2.08 -0.83 -0.46 -0.39 -0.58 -8.32 1.60 0.00
Debt to NOPAT		 -0.29 -0.37 -0.50 -0.56 -0.43 -0.26 -0.23 -0.26 -0.31 -0.36 0.00
Net Debt to NOPAT		 4.20 6.06 8.69 10.20 8.17 6.23 5.73 6.78 9.01 7.78 13.55
Long-Term Debt to NOPAT		 -0.29 -0.37 -0.50 -0.56 -0.43 -0.26 -0.23 -0.26 -0.31 -0.36 0.00
Altman Z-Score		 7.88 10.21 8.09 7.36 8.03 7.46 7.57 7.73 6.79 5.43 3.71
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 1.49 1.61 1.55 1.57 1.51 1.19 1.29 1.33 1.32 1.12 1.17
Quick Ratio		 1.38 1.49 1.43 1.43 1.40 1.06 1.15 1.18 1.19 0.96 1.01
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 33 -3.83 30 -2.53 -33 -44 -42 -15 0.50 -135 -79
Operating Cash Flow to CapEx		 208.14% 595.92% 485.40% 241.43% 89.40% 288.37% 152.61% 426.68% 489.89% 370.55% 376.39%
Free Cash Flow to Firm to Interest Expense		 68.29 -7.99 64.04 -5.19 -72.61 -154.27 -140.99 -55.55 1.71 -504.53 -443.60
Operating Cash Flow to Interest Expense		 84.88 144.35 124.35 80.48 63.17 231.68 103.45 320.55 390.96 286.40 490.91
Operating Cash Flow Less CapEx to Interest Expense		 44.10 120.13 98.74 47.15 -7.49 151.34 35.66 245.42 311.15 209.11 360.49
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.52 0.56 0.58 0.58 0.58 0.62 0.62 0.63 0.61 0.68 0.67
Accounts Receivable Turnover		 5.35 8.21 7.47 6.96 5.08 7.94 6.99 6.73 4.95 7.92 6.53
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 25.18 27.30 29.49 30.26 28.85 30.15 31.23 31.24 28.68 29.80 30.09
Accounts Payable Turnover		 12.71 10.03 8.74 9.38 8.88 11.62 10.38 9.58 9.29 13.64 10.71
Days Sales Outstanding (DSO)		 68.26 44.48 48.86 52.48 71.80 45.98 52.24 54.26 73.73 46.09 55.88
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 28.72 36.40 41.74 38.91 41.12 31.40 35.17 38.08 39.29 26.76 34.09
Cash Conversion Cycle (CCC)		 39.54 8.08 7.12 13.57 30.68 14.58 17.07 16.17 34.43 19.33 21.79
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 521 492 517 518 508 511 538 523 478 635 623
Invested Capital Turnover		 1.73 2.02 1.97 2.09 2.24 2.38 2.33 2.45 2.68 2.39 2.45
Increase / (Decrease) in Invested Capital		 -59 -9.41 -41 -23 -13 19 21 4.81 -30 124 84
Enterprise Value (EV)		 9,298 11,089 8,964 8,348 10,359 9,227 9,527 10,251 10,524 7,990 5,473
Market Capitalization		 9,933 11,791 9,703 9,115 11,139 9,898 10,206 10,952 11,309 8,556 6,129
Book Value per Share		 $8.05 $8.21 $8.58 $8.71 $8.67 $7.88 $8.16 $8.15 $8.12 $8.00 $8.47
Tangible Book Value per Share		 $2.76 $3.01 $3.19 $3.39 $3.40 $2.34 $2.61 $2.66 $2.83 $1.42 $1.96
Total Capital		 1,199 1,237 1,298 1,328 1,330 1,210 1,245 1,251 1,289 1,226 1,278
Total Debt		 44 43 42 42 41 28 27 27 27 26 0.00
Total Long-Term Debt		 44 43 42 42 41 28 27 27 27 26 0.00
Net Debt		 -634 -702 -738 -767 -780 -671 -679 -701 -784 -565 -656
Capital Expenditures (CapEx)		 20 12 12 16 33 23 20 21 23 21 23
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -365 -385 -394 -389 -404 -436 -414 -433 -486 -497 -504
Debt-free Net Working Capital (DFNWC)		 313 360 342 368 372 131 207 251 282 94 151
Net Working Capital (NWC)		 313 360 342 368 372 131 207 251 282 94 151
Net Nonoperating Expense (NNE)		 3.39 -2.27 -4.03 0.84 16 7.62 -0.10 -1.42 7.64 -1.87 -12
Net Nonoperating Obligations (NNO)		 -634 -702 -738 -767 -780 -671 -679 -701 -784 -565 -656
Total Depreciation and Amortization (D&A)		 20 20 21 24 25 27 27 29 27 29 31
Debt-free, Cash-free Net Working Capital to Revenue		 -38.38% -38.24% -37.08% -35.08% -35.04% -36.53% -33.61% -33.93% -36.76% -36.27% -35.47%
Debt-free Net Working Capital to Revenue		 32.98% 35.78% 32.18% 33.14% 32.29% 10.97% 16.77% 19.70% 21.34% 6.87% 10.65%
Net Working Capital to Revenue		 32.98% 35.78% 32.18% 33.14% 32.29% 10.97% 16.77% 19.70% 21.34% 6.87% 10.65%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.21) ($0.08) ($0.04) ($0.18) ($0.42) ($0.22) ($0.14) ($0.06) ($0.25) ($0.06) $0.11
Adjusted Weighted Average Basic Shares Outstanding		 141.96M 145.48M 146.94M 148.13M 147.44M 150.00M 149.66M 150.28M 150.25M 150.95M 151.36M
Adjusted Diluted Earnings per Share		 ($0.21) ($0.08) ($0.04) ($0.18) ($0.42) ($0.22) ($0.14) ($0.06) ($0.25) ($0.06) $0.11
Adjusted Weighted Average Diluted Shares Outstanding		 141.96M 145.48M 146.94M 148.13M 147.44M 150.00M 149.66M 150.28M 150.25M 150.95M 152.79M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 144.92M 146.32M 147.69M 148.66M 149.92M 149.17M 150.19M 155.47M 150.10M 150.89M 151.96M
Normalized Net Operating Profit after Tax (NOPAT)		 -26 -13 -10 -26 -46 -25 -21 -11 -30 -11 3.03
Normalized NOPAT Margin		 -10.05% -4.91% -3.64% -8.63% -15.35% -8.17% -6.54% -3.10% -8.58% -3.05% 0.81%
Pre Tax Income Margin		 -11.08% -3.97% -2.05% -9.04% -20.17% -8.92% -6.64% -2.54% -10.36% -3.06% 4.04%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -66.40 -33.74 -31.62 -66.01 -165.78 -117.22 -94.78 -47.72 -132.47 -60.55 57.02
NOPAT to Interest Expense		 -54.45 -27.63 -21.91 -52.35 -100.81 -89.02 -71.10 -38.12 -101.91 -40.93 26.98
EBIT Less CapEx to Interest Expense		 -107.19 -57.96 -57.24 -99.35 -236.43 -197.56 -162.57 -122.85 -212.28 -137.84 -73.41
NOPAT Less CapEx to Interest Expense		 -95.23 -51.85 -47.53 -85.69 -171.46 -169.36 -138.89 -113.25 -181.71 -118.22 -103.45
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% -1.39% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% -1.39% -78.16% -72.26% -102.67% -127.84% -167.57% -323.34%

Financials Breakdown Chart

Key Financial Trends

Procore Technologies’ latest financial statements show meaningful progress toward profitability. In Q2 2026, revenue increased to $375.2 million, up 15.8% from the restated Q2 2025 figure of $323.9 million. Gross profit rose 17.0% to $299.8 million, while the gross margin improved to approximately 79.9% from 79.1%.

Operating expenses increased only 3.1% year over year to $295.5 million, allowing Procore to produce $4.3 million of operating income after reporting operating losses in each of the prior three comparable quarters. Net income was $16.9 million, or $0.11 per diluted share, compared with a $21.1 million loss, or negative $0.14 per share, in Q2 2025. However, investment income and other income contributed $10.8 million to pretax results, so the improvement in core operating profitability remains relatively narrow.

Cash generation also strengthened. Operating cash flow reached $87.9 million in Q2 2026, compared with $30.8 million in Q2 2025, and the company ended the quarter with $494.4 million of cash plus $161.5 million of short-term investments. Investors should nevertheless monitor Procore’s rising accounts receivable, acquisition-related goodwill and intangible assets, and its continued reliance on noncash adjustments to convert accounting losses or modest profits into operating cash flow.

  • Revenue growth remains healthy: Quarterly revenue has increased from $186.4 million in Q3 2022 to $375.2 million in Q2 2026, representing roughly a doubling over the supplied period.
  • Profitability is improving: Q2 2026 marked the first reported operating profit in the recent quarterly data set, with $4.3 million of operating income compared with a $30.3 million loss in the restated prior-year quarter.
  • Operating leverage is emerging: Revenue grew 15.8% year over year while total operating expenses rose just 3.1%. Marketing expense declined to $145.8 million from $149.2 million, helping offset higher research and development spending.
  • Operating cash flow accelerated: Cash flow from operations increased to $87.9 million from $30.8 million year over year and remained positive in every quarter provided since Q3 2023.
  • Liquidity is substantial: Cash and short-term investments totaled approximately $655.9 million at Q2 2026, while capital lease obligations were only $2,000 and interest expense was minimal.
  • Deferred revenue continues to expand: Current and noncurrent deferred revenue totaled approximately $678.7 million, up from $565.1 million a year earlier. This supports future recognized revenue and reflects the company’s subscription-oriented business model.
  • Share count has risen over the longer term: Diluted weighted-average shares increased from 138.0 million in Q3 2022 to 152.8 million in Q2 2026. Recent repurchases, including approximately $100.0 million in Q1 2026, may help offset some dilution, but investors should track the trend.
  • Balance-sheet growth includes acquisition-related assets: Total assets increased to $2.24 billion from $1.68 billion in Q3 2022. Goodwill and intangible assets accounted for approximately $982.1 million, or about 44% of total assets, making future impairment charges a consideration.
  • Core profitability remains thin: Q2 operating income was only $4.3 million, equal to an operating margin of approximately 1.2%. The company’s $16.9 million net profit also benefited from $10.8 million of net other income, including interest and investment income.
  • Accounts receivable is growing faster than revenue: Receivables rose 24.4% year over year to $241.4 million, compared with 15.8% revenue growth. If this pattern persists, it could signal slower collections or unfavorable billing timing and could pressure future cash conversion.
08/30/26 01:00 PM ETAI Generated. May Contain Errors.

Procore Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Procore Technologies' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

In the past 6 years, Procore Technologies' net income has ranged from -$286.93 million in 2022 to -$83.11 million in 2019, and is currently -$100.78 million as of their latest financial filing in 2025. Check out Procore Technologies' forecast to explore projected trends and price targets.

Procore Technologies' total operating income in 2025 was -$124.34 million, based on the following breakdown:
  • Total Gross Profit: $1.05 billion
  • Total Operating Expenses: $1.18 billion

Over the last 6 years, Procore Technologies' total revenue changed from $289.19 million in 2019 to $1.32 billion in 2025, a change of 357.3%.

Procore Technologies' total liabilities were at $976.80 million at the end of 2025, a 20.1% increase from 2024, and a 167.3% increase since 2020.

In the past 5 years, Procore Technologies' cash and equivalents has ranged from $296.71 million in 2022 to $586.11 million in 2021, and is currently $480.68 million as of their latest financial filing in 2025.

Over the last 6 years, Procore Technologies' book value per share changed from 0.00 in 2019 to 8.12 in 2025, a change of 811.9%.


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Financial statements for NYSE:PCOR last updated on 7/31/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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