Filing Flows › Procore Technologies (PCOR) › Q2 2026
Procore Technologies (PCOR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Procore Technologies (PCOR) reported revenue of $375M for the second quarter 2026 (Q2 2026), +16% from a year earlier and +4% from the quarter before. Operating margin was 1.2%, net earnings $16.9M (4.5% of revenue).
Procore Technologies, Q2 2026: revenue $375M (+16% year over year), operating margin 1.2%, net earnings $16.9M, operating cash flow $87.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $375M | +4% | +16% |
| Gross profit | $300M | +4% | +17% |
| Operating profit | $4.3M | — | — |
| Net earnings | $16.9M | — | — |
| Operating cash flow | $87.9M | +14% | +185% |
| Free cash flow | $64.5M | — | +507% |
What changed
Revenue was $375.2M in Q2 2026, up 16% year over year and up 4% from the previous quarter.
Gross margin was 79.9%, up 0.8 points from Q2 2025. Operating profit was $4.3M, a 1.2% margin (up 10.5 points year over year). Operating expenses grew 3% against revenue growth of 16%. Net earnings were $16.9M. The effective tax rate was -11.6%. Non-operating items added $10.8M, 71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $87.9M (up 185% year over year), 519% of net earnings. Non-cash charges added back $30.8M of depreciation and amortization and $56.8M of share-based compensation. Working capital and other items used $16.6M. After capitalized software development costs ($16.3M) and purchases of property and equipment ($7.0M), free cash flow as the company reports it was $64.5M.
Questions
What was Procore Technologies' revenue in the second quarter 2026?
Procore Technologies (PCOR) reported revenue of $375M for the second quarter 2026 (Q2 2026), +16% from a year earlier and +4% from the quarter before.
Was Procore Technologies profitable in the second quarter 2026?
Operating profit was $4.3M (1.2% of revenue) and net earnings $16.9M.