Pulling SEC filings + quote and writing the call…

PROCORE TECHNOLOGIES, INC.
Next earnings Jul 29, 2026 (after close) · consensus $0.43 EPS, $373M rev
Last earnings -11.9% on 2026-05-05
Construction-SaaS leader: 79.5% gross margin, 14.8% growth, narrowing GAAP losses and surging cash flow at a reasonable 4.5x sales.
Revenue $1.32B · FY2025
Procore is the leading software platform for construction project management — a large, underdigitized end-market — and it shows the hallmarks of a quality SaaS franchise. FY2025 revenue grew 14.8% to $1.32B at a 79.5% gross margin, and while the company remains GAAP-unprofitable (-$101M net income, -$124M operating income), the loss is narrowing every year and is overwhelmingly stock-based compensation rather than cash burn. The cash story is what matters: operating cash flow surged 53.1% to $300M on minimal capex ($18.1M), so the business is strongly free-cash-flow positive despite the accounting loss.
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $515M | $720M | $950M | $1.15B | $1.32B |
| Gross profit | $417M | $572M | $776M | $946M | $1.05B |
| Operating income | -$286M | -$290M | -$216M | -$136M | -$124M |
| Net income | -$265M | -$287M | -$190M | -$106M | -$101M |
| Diluted EPS | -$2.86 | -$2.10 | -$1.34 | -$0.72 | -$0.67 |
| Net margin | -51.5% | -39.8% | -20.0% | -9.2% | -7.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Sources: SEC EDGAR (CIK 0001611052, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/21/2026, 8:55:08 PM.
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Last 90 days: 0 open-market buys · 5 sales
| 2026-06-16 | O CONNOR KEVIN J Director | Sell | 5.77K @ $42.00 | $242K |
| 2026-06-15 | O CONNOR KEVIN J Director | Sell | 5.66K @ $42.91 | $243K |
| 2026-06-15 | O CONNOR KEVIN J Director | Sell | 117.00 @ $43.26 | $5.06K |
| 2026-06-10 | Courtemanche Craig F. Jr. Director | Exercise | 56.1K @ $2.42 | $136K |
| 2026-06-10 | Courtemanche Craig F. Jr. Director | Sell | 13.7K @ $44.69 | $612K |
| 2026-06-10 | Courtemanche Craig F. Jr. Director | Sell | 42.4K @ $45.29 | $1.92M |
| 2026-06-04 | Griffith William J.G. Director | Award | 4.71K | |
| 2026-06-04 | SMITH GRAHAM Director | Award | 4.71K | |
| 2026-06-04 | Bueker Kathryn Director | Award | 4.71K | |
| 2026-06-04 | Misra Vishal Director | Award | 603.00 | |
| 2026-06-04 | Chapple Erin Director | Award | 4.71K | |
| 2026-06-04 | HOVSEPIAN RONALD W Director | Award | 2.33K |
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
1043 tracked peers · median
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.