Filing Flows › Procore Technologies (PCOR) › Q1 2026
Procore Technologies (PCOR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Procore Technologies (PCOR) reported revenue of $359M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +3% from the quarter before. Operating margin was -4.4%, net loss $9.1M (2.5% of revenue).
Procore Technologies, Q1 2026: revenue $359M (+16% year over year), operating margin -4.4%, net loss $9.1M, operating cash flow $76.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $359M | +3% | +16% |
| Operating profit | −$15.7M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | $76.8M | -33% | +16% |
| Free cash flow | $56.0M | — | +20% |
What changed
Revenue was $359.3M in Q1 2026, up 16% year over year and up 3% from the previous quarter.
Gross margin was 80.1%, up 1.0 points from Q1 2025. Operating costs exceeded revenue by $15.7M, an operating margin of -4.4%. Operating expenses grew 8% against revenue growth of 16%. The fastest-growing cost line was General & admin (+23%). The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $37.6M loss. Non-operating items added $4.7M, -43% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $76.8M (up 16% year over year). Non-cash charges added back $29.2M of depreciation and amortization and $57.0M of share-based compensation. After capitalized software development costs ($17.8M) and purchases of property, plant, and equipment ($2.9M), free cash flow as the company reports it was $56.0M.
Questions
What was Procore Technologies' revenue in the first quarter 2026?
Procore Technologies (PCOR) reported revenue of $359M for the first quarter 2026 (Q1 2026), +16% from a year earlier and +3% from the quarter before.
Was Procore Technologies profitable in the first quarter 2026?
Operating loss was $15.7M (-4.4% of revenue) and net loss $9.1M.