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Procore Technologies (PCOR) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Procore Technologies (PCOR) Q3 2026 earnings results →

Q3 2026 Revenue up 19% year over year to $402M · 1¢ of every $1 of revenue lost · operating margin -1.8%

Procore Technologies made $402M in Q3 2026 (+19% Y/Y). Operating margin -1.8%, net loss $4.6M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$402M
Year over year+19%
Operating margin-1.8%
Net earnings−$4.6M
Operating cash flow$95.7M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $402.3M in Q3 2026, up 19% year over year and up 7% from the previous quarter.

Gross margin was 80.4%, up 0.7 points from Q3 2025. Operating costs exceeded revenue by $7.2M, an operating margin of -1.8%. Operating expenses grew 16% against revenue growth of 19%. The fastest-growing cost line was General & admin (+37%). The quarter ended with a net loss of $4.6M, after a profit of $16.9M the previous quarter. Non-operating items added $3.5M, -95% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $95.7M (up 8% year over year). Non-cash charges added back $33.5M of depreciation and amortization and $58.6M of share-based compensation. Working capital and other items added $8.2M. After capitalized software development costs ($18.6M) and purchases of property and equipment ($4.1M), free cash flow as the company reports it was $73.0M.

Quarterly history

Procore Technologies revenue by quarterProcore Technologies revenue by quarter$311MQ1 2025$324MQ2 2025$339MQ3 2025$349MQ4 2025$359MQ1 2026$375MQ2 2026$402MQ3 2026
Procore Technologies net earnings by quarterProcore Technologies net earnings by quarter−$33.0MQ1 2025−$21.1MQ2 2025−$9.1MQ3 2025−$37.6MQ4 2025−$9.1MQ1 2026$16.9MQ2 2026−$4.6MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$402M+19%-1.8%−$4.6M$95.7M
Q2 202610-QJul 31, 2026$375M+16%1.2%$16.9M$87.9M
Q1 202610-QMay 6, 2026$359M+16%-4.4%−$9.1M$76.8M
Q4 202510-KFeb 24, 2026$349M+16%-12.3%−$37.6M$115M
Q3 202510-QNov 6, 2025$339M+14%-4.4%−$9.1M$88.5M
Q2 202510-QAug 1, 2025$324M+14%-9.3%−$21.1M$30.8M
Q1 202510-QMay 2, 2025$311M+15%-11.7%−$33.0M$66.0M

Charts

Procore Technologies: revenue growth, year over year and quarter over quarterProcore Technologies: revenue growth, year over year and quarter over quarterY/YQ/Q+15%Q1 2025+14%+4%Q2 2025+14%+5%Q3 2025+16%+3%Q4 2025+16%+3%Q1 2026+16%+4%Q2 2026+19%+7%Q3 2026
Latest (Q3 2026): Y/Y +19%, Q/Q +7%.
Procore Technologies: where the cash came from (+) and went (−), TTM to Q3 2026Procore Technologies: where the cash came from (+) and went (−), TTM to Q3 2026Acquisitions−$949MOther financing$912MOperating cash flow$375MBuybacks−$275MOther investing$233MCash drawn (+) / kept (−)−$211MTaxes on employees’ shares−$72.2MCapital spending−$19.8MShares issued$9.8MExchange rates−$2.6MNet borrowing (+) / repaid (−)−$1.2M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Procore Technologies: profit against cash, quarter by quarterProcore Technologies: profit against cash, quarter by quarterNet incomeOperating cash flow−$62.3M$29.1MQ4 2024−$33.0M$66.0MQ1 2025−$21.1M$30.8MQ2 2025−$9.1M$88.5MQ3 2025−$37.6M$115MQ4 2025−$9.1M$76.8MQ1 2026$16.9M$87.9MQ2 2026−$4.6M$95.7MQ3 2026
Latest (Q3 2026): Net income −$4.6M, Operating cash flow $95.7M.
Procore Technologies: diluted shares by fiscal year (split-adjusted)Procore Technologies: diluted shares by fiscal year (split-adjusted)84MFY202093MFY2021137MFY2022142MFY2023147MFY2024150MFY2025
+79.5% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 3-for-1 split before FY2021.
Procore Technologies in its industry: growth against margin (192 companies, SIC 7372)Procore Technologies in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTAVPTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYPCOR (+19%, -2%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Procore Technologies

We are the leading global provider of construction management software, and are helping transform one of the oldest, largest, and least digitized industries in the world. We focus exclusively on connecting and empowering the construction industry’s key stakeholders, such as owners, general contractors, and specialty contractors, to collaborate and access our capabilities from any location on any connected device. Our platform is modernizing and digitizing construction management by enabling timely access to critical project information, simplifying complex workflows, and facilitating seamless communication among relevant stakeholders, all of which we believe positions us to serve as a critical system of record and collaboration for the construction industry.

In its own words, from its 10-K, filed Feb 24, 2026.

Procore Technologies against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +19% against the peers' median +19%. Operating margin: -1.8% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
PCOR Procore TechnologiesQ3 2026$402M+19%-1.8%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: Procore Technologies 10-Q on SEC EDGAR · CIK 1611052 · Services-Prepackaged Software

Guidance and outlook

Procore Technologies Revenue: guidance against what was reportedProcore Technologies Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$1.2BFY2025$1.3BFY2026Q3 2026$402MQ4 2026
Met or beat 3 of 3 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
Procore Technologies: what its forward-looking statements are about (10-Q filed 2026-11-05)Procore Technologies: what its forward-looking statements are about (10-Q filed 2026-11-05)Demand14Other5Costs3Products2Capital spending2People1AI1Deals1The economy1
30 statements; tone +0.40 (−1 all cautious, +1 all confident); 5 hedged.
Procore Technologies: outlook statements against the filing beforeProcore Technologies: outlook statements against the filing beforeConfident14Cautious2

13F: who owns PCOR and who is buying

Largest holders of PCOR (13F)Largest holders of PCOR (13F)Vanguard Group$957MMorgan Stanley$464MBlackRock$300MAlliancebernstein L.P.$290MVanguard Portfolio Management LLC$283MPrice T Rowe Associates$269MAssenagon Asset Management S.A.$229MVanguard Capital Management LLC$219MUBS Group AG$211MDeutsche Bank Ag\$180M
Funds' net buying of PCOR by quarter (13F)Funds' net buying of PCOR by quarter (13F)$276M2024-09$244M2024-12$107M2025-03$81.8M2025-06$655M2025-09$207M2025-12$248M2026-03$220M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on PCOR

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:Procore Technologies(PCOR)财报

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