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Procore Technologies (PCOR) guidance and outlook
Procore Technologies (PCOR) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue $420M–$422M for Q4 2026; Operating margin 15.5%–16% for Q4 2026; Revenue $1.6B for FY2026; Operating margin 19%–19.5% for FY2026. Procore Technologies' 10-Q filed Nov 5, 2026 makes 30 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Revenue | Q4 2026 | $420M–$422M | new |
| Revenue | Q4 2026 | $19.0M | new |
| Revenue | Q4 2026 | +20.3% to +20.9% | new |
| Operating margin | Q4 2026 | 15.5%–16% | new |
| Revenue | FY2026 | $1.6B | raised |
| Revenue | FY2026 | $24.0M | new |
| Revenue | FY2026 | +17.7% to +17.9% | new |
| Operating margin | FY2026 | 19%–19.5% | raised |
| Free cash flow | FY2026 | +18% | lowered |
| Free cash flow | FY2026 | $23.0M | new |
| Free cash flow | FY2026 | +19.5% | new |
| Operating margin | FY2027 | 25% | reaffirmed |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 5, 2026
- 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.
- We generally do not charge customers based on consumption or on a per-project basis.
- We typically do not charge a per-seat or per-user fee, meaning that customers can invite all project participants, including owners, general contractors, specialty contractors, architects, and engineers, to engage with our platform as part of a project team without incurring additional fees.
- Customers are able to invite project participants to join our platform, including their employees and collaborators, who are other project participants that engage with our platform but do not pay us for such use.
- project and retain access to project information for the duration of their subscription while allowing us to receive revenue from multiple customers on the same project independent of seat count.
- We believe that the evolved GTM operating model will improve our long-term operating efficiency, best position us for sustainable long-term growth, and enhance our ability to capture our market opportunity.
- However, if we are not able to realize the benefits of this model, or otherwise fail to acquire new customers, retain existing customers, or expand existing customers’ use of our products, services, and platform, our business, financial condition, results of operations, and prospects will be adversely affected, potentially materially.
- The transaction price allocated to remaining performance obligations (“RPO”) under our subscriptions represents the contracted transaction price that has not yet been recognized as revenue, which includes deferred revenue and amounts under non-cancelable subscriptions that will be invoiced and recognized as revenue in future periods.
- Our current RPO (“cRPO”) represents future revenue under existing contracts that is expected to be recognized as revenue in the next 12 months.
- However, as our average contract duration continues to lengthen due to increased purchases of multi-year subscriptions, our cRPO growth rate may not directly correlate with our actual or expected revenue growth in current or future periods.
- We expect RPO to change from period to period primarily due to the size, timing, and duration of new customer contracts and customer renewals.
- We plan to continue to invest in technology innovation and product development, including Procore AI, which includes tools and products that are purpose-built for the construction industry, to enhance the capabilities of our platform.
Procore Technologies' latest quarter
Procore Technologies, Q3 2026: revenue $402M (+19% year over year), operating margin -1.8%, net loss $4.6M, operating cash flow $95.7M. The chart follows the revenue to costs, profit and cash.
Questions
Did Procore Technologies raise or lower its guidance?
Procore Technologies (PCOR) raised some and lowered other parts of its guidance on Nov 3, 2026: Revenue $420M–$422M for Q4 2026; Operating margin 15.5%–16% for Q4 2026; Revenue $1.6B for FY2026; Operating margin 19%–19.5% for FY2026.
What does Procore Technologies expect?
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. We generally do not charge customers based on consumption or on a per-project basis. We typically do not charge a per-seat or per-user fee, meaning that customers can invite all project participants, including owners, general contractors, specialty
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.