Procore Technologies, Inc. (PCOR) Stock

Procore Technologies, Inc. (PCOR) is a Technology stock trading at $63.27 (as of 2026-08-20), with a market capitalization of $9.61B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Procore Technologies, Inc. offers a cloud-based construction management software platform used by owners, general and specialty contractors, architects, and engineers in the United States and internationally. Its offerings include tools for preconstruction planning, project execution collaboration, resource management, and financial oversight of construction projects and portfolios.

Understand Procore Technologies, Inc.: how it makes money

Procore Technologies provides a cloud-based construction management platform, with tools for preconstruction collaboration and real-time project management, sold to construction project stakeholders, and supported by recurring revenue from customers using multiple products.

The profit model is driven by recurring, customer expansion on the platform, evidenced by Net Revenue Retention Rate of 114% and customers increasingly adopting more than one product (78% using four or more products, 52% using six or more products).

Business quality (Weak): The platform shows strong retention and cross-product adoption, but the latest quarter still produced an operating loss (operating margin of -4.4%).

Bull case

  • Retention and expansion: Net Revenue Retention Rate is 114%, with Gross Revenue Retention Rate at 95%.
  • Platform depth across products: Annual Recurring Revenue from customers using four or more products is 78%, and using six or more products is 52%.
  • Visibility into future demand: Current Remaining Performance Obligations are 0.84 USD_B, with Non-Current Remaining Performance Obligations of 0.45 USD_B.
  • Large and growing usage base: Active Users (Platform Users) are 3,000,000, and Net New Customers is 600.

Bear case

  • Unprofitable at the operating level: Operating margin is -4.4%, indicating operating costs exceed operating revenue in the latest reported quarter.
  • Retention is not perfect: Gross Revenue Retention Rate is 95%, which implies some level of customer revenue decline over the period.
  • Momentum may need to keep accelerating: Current Remaining Performance Obligations total 0.84 USD_B, and Non-Current Remaining Performance Obligations total 0.45 USD_B, so future performance depends on continued renewals and new business.
Valuation — source: SEC EDGAR (first-party)
Price$63.27
Market Cap$9.61B
EV / EBITDA57.2
Price / Book7.52
Price / Sales6.71
FCF Yield4.9%
DCF Value (model)$35.88
DCF Upside vs Price-43.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$1.32B
Net Margin-7.6%
Revenue Growth (YoY)14.8%
EPS Growth (YoY)-6.9%
FCF Growth (YoY)59.4%
Financial Health — source: SEC EDGAR
Altman Z-Score5.55 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($957.15M)
Institutional Holders Tracked10
Company
SectorTechnology
IndustryBusiness Services
CEOAjei S. Gopal
Employees4,203
CountryUS
IPO Date2021-05-20

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PCOR earnings history · PCOR institutional & insider holders · PCOR KPIs & operating metrics · PCOR financials · PCOR investor presentations & press releases · PCOR SEC filings · PCOR peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.