NYSE : PCOR
Procore Technologies, Inc. — Financial statements
Technology · Software - Application · United States
Last price 61.12 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 9.29B
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Financial statements
Procore Technologies, Inc. (PCOR) reported revenue of 1.42B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.42B | 1.32B | 1.15B | 950.01M | 720.20M | 514.82M |
| Cost of Revenue | 283.43M | 270.03M | 205.00M | 173.92M | 148.11M | 97.85M |
| Gross Profit | 1.14B | 1.05B | 946.71M | 776.09M | 572.10M | 416.97M |
| Selling, General & Admin | 829.72M | 805.11M | 761.96M | 683.46M | 584.25M | 453.76M |
| Research & Development | 353.01M | 355.25M | 309.42M | 290.98M | 262.96M | 232.78M |
| Other Operating Expenses | 7.56M | 9.89M | 9.46M | 8.43M | 5.94M | 6.51M |
| Operating Expenses | 1.19B | 1.17B | 1.08B | 982.88M | 853.15M | 693.06M |
| Operating Income | -51.27M | -117.77M | -134.13M | -206.79M | -281.05M | -276.09M |
| Interest Expense | -1.02M | -1.15M | -1.90M | -1.96M | -2.13M | -2.33M |
| Interest & Investment Income | 18.87M | 20.94M | 23.69M | 19.78M | 5.83M | 175.00K |
| Other Non Operating Income (Expenses) | -1.27M | 2.69M | -2.38M | -356.00K | -1.71M | -843.00K |
| EBT Excluding Unusual Items | -34.68M | -95.29M | -114.72M | -189.32M | -279.07M | -279.09M |
| Merger & Restructuring Charges | -17.91M | -6.58M | -2.29M | -8.89M | -9.40M | -9.28M |
| Gain (Loss) on Sale of Investments | 11.99M | 7.88M | 12.83M | 9.79M | 2.01M | |
| Asset Writedown | -554.00K | |||||
| Pretax Income | -40.60M | -93.98M | -104.18M | -188.42M | -286.46M | -288.92M |
| Income Tax Expense | -1.72M | 6.80M | 1.77M | 1.27M | 466.00K | -23.76M |
| Earnings From Continuing Operations | -100.78M | -105.96M | -189.69M | -286.93M | -265.17M | |
| Net Income | -38.88M | -100.78M | -105.96M | -189.69M | -286.93M | -265.17M |
| Net Income to Common | -38.88M | -100.78M | -105.96M | -189.69M | -286.93M | -265.17M |
| Shares Outstanding (Basic) | 150.91M | 150.25M | 147.44M | 141.96M | 136.53M | 92.67M |
| Shares Outstanding (Diluted) | 150.91M | 150.25M | 147.44M | 141.96M | 136.53M | 92.67M |
| EPS (Basic) | -0.26 | -0.67 | -0.72 | -1.34 | -2.10 | -2.86 |
| EPS (Diluted) | -0.26 | -0.67 | -0.72 | -1.34 | -2.10 | -2.86 |
| Free Cash Flow | 305.49M | 237.12M | 147.29M | 73.86M | -3.17M | 24.35M |
| Free Cash Flow Per Share | 2.02 | 1.58 | 1.00 | 0.52 | -0.02 | 0.26 |
| Gross Margin | 80.07% | 79.58% | 82.20% | 81.69% | 79.44% | 80.99% |
| Operating Margin | -3.60% | -8.91% | -11.65% | -21.77% | -39.02% | -53.63% |
| Profit Margin | -2.73% | -7.62% | -9.20% | -19.97% | -39.84% | -51.51% |
| Free Cash Flow Margin | 21.48% | 17.93% | 12.79% | 7.78% | -0.44% | 4.73% |
| EBITDA | 65.19M | -7.19M | -44.38M | -135.16M | -218.01M | -259.24M |
| EBITDA Margin | 4.58% | -0.54% | -3.85% | -14.23% | -30.27% | -50.36% |
| D&A For EBITDA | 116.46M | 110.58M | 89.75M | 71.63M | 63.04M | 16.85M |
| EBIT | -51.27M | -117.77M | -134.13M | -206.79M | -281.05M | -276.09M |
| EBIT Margin | -3.60% | -8.91% | -11.65% | -21.77% | -39.02% | -53.63% |
| Advertising Expenses | 40.10M | 61.80M | 43.10M | 37.20M | 27.20M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 494.39M | 480.68M | 437.72M | 357.79M | 296.71M | 586.11M |
| Short-Term Investments | 161.52M | 287.80M | 337.67M | 320.16M | 285.49M | |
| Cash & Short-Term Investments | 655.91M | 768.49M | 775.39M | 677.95M | 582.21M | 586.11M |
| Receivables | 241.44M | 287.81M | 246.47M | 208.54M | 160.18M | 118.38M |
| Prepaid Expenses | 51.80M | 45.59M | 44.09M | 40.52M | 33.23M | 25.27M |
| Restricted Cash | 31.68M | 9.56M | ||||
| Other Current Assets | 61.76M | 55.38M | 33.92M | 28.72M | 23.60M | 22.53M |
| Total Current Assets | 1.04B | 1.17B | 1.10B | 955.73M | 799.22M | 752.29M |
| Property, Plant & Equipment | 98.17M | 104.27M | 104.11M | 114.77M | 118.15M | 120.51M |
| Long-Term Investments | 23.21M | 59.16M | 60.40M | 11.53M | 11.04M | 7.33M |
| Goodwill | 688.41M | 574.08M | 549.65M | 539.35M | 539.13M | 540.92M |
| Other Intangible Assets | 293.67M | 247.59M | 233.27M | 220.59M | 221.53M | 229.04M |
| Long-Term Deferred Charges | 88.23M | 79.00M | 47.51M | 44.56M | 40.48M | 25.89M |
| Other Long-Term Assets | 9.45M | 8.13M | 6.56M | 7.02M | 10.86M | 14.68M |
| Total Assets | 2.24B | 2.24B | 2.10B | 1.89B | 1.74B | 1.69B |
| Accounts Payable | 33.09M | 25.17M | 33.15M | 13.18M | 14.28M | 15.49M |
| Accrued Expenses | 117.03M | 133.48M | 91.44M | 100.08M | 99.18M | 65.91M |
| Current Portion of Leases | 8.71M | 6.79M | 5.97M | 12.42M | 10.65M | 7.84M |
| Current Unearned Revenue | 673.49M | 687.06M | 584.72M | 501.90M | 396.54M | 301.56M |
| Other Current Liabilities | 58.84M | 32.06M | 12.75M | 14.86M | 10.98M | 12.91M |
| Total Current Liabilities | 891.16M | 884.56M | 728.03M | 642.43M | 531.64M | 403.70M |
| Long-Term Leases | 58.81M | 72.41M | 74.05M | 81.50M | 83.67M | 88.92M |
| Long-Term Unearned Revenue | 5.18M | 6.04M | 5.82M | 7.69M | 5.28M | 4.02M |
| Other Long-Term Liabilities | 10.13M | 13.79M | 5.12M | 6.33M | 3.05M | 4.72M |
| Total Liabilities | 965.29M | 976.80M | 813.02M | 737.96M | 623.63M | 501.37M |
| Common Stock | 15.00K | 15.00K | 15.00K | 15.00K | 14.00K | 13.00K |
| Additional Paid-In Capital | 2.62B | 2.61B | 2.54B | 2.30B | 2.07B | 1.85B |
| Retained Earnings | -1.34B | -1.35B | -1.24B | -1.14B | -949.14M | -662.21M |
| Comprehensive Income & Other | -2.47M | -1.27M | -2.74M | -1.38M | -2.32M | -583.00K |
| Total Common Equity | 1.28B | 1.26B | 1.29B | 1.16B | 1.12B | 1.19B |
| Shareholders' Equity | 1.28B | 1.26B | 1.29B | 1.16B | 1.12B | 1.19B |
| Total Liabilities & Equity | 2.24B | 2.24B | 2.10B | 1.89B | 1.74B | 1.69B |
| Total Debt | 67.53M | 79.20M | 80.02M | 93.92M | 94.32M | 96.76M |
| Net Cash (Debt) | 588.39M | 731.81M | 741.41M | 584.03M | 487.88M | 489.35M |
| Net Cash Per Share | 3.90 | 4.87 | 5.03 | 4.11 | 3.57 | 5.28 |
| Filing Date Shares Outstanding | 151.96M | 150.10M | 149.92M | 144.92M | 140.25M | 135.10M |
| Total Common Shares Outstanding | 151.89M | 151.71M | 149.85M | 144.81M | 139.16M | 134.05M |
| Working Capital | 151.43M | 282.27M | 371.85M | 313.30M | 267.58M | 348.58M |
| Book Value Per Share | 8.42 | 8.32 | 8.60 | 7.98 | 8.03 | 8.87 |
| Tangible Book Value | 296.37M | 440.59M | 505.44M | 395.67M | 356.12M | 419.33M |
| Tangible Book Value Per Share | 1.95 | 2.90 | 3.37 | 2.73 | 2.56 | 3.13 |
| Buildings | 6.31M | 6.31M | 6.31M | |||
| Machinery | 42.20M | 40.79M | 34.32M | 29.94M | 25.11M | |
| Leasehold Improvements | 53.60M | 45.03M | 29.68M | 28.02M | 25.53M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -38.88M | -100.78M | -105.96M | -189.69M | -286.93M | -265.17M |
| Depreciation & Amortization | 116.46M | 110.58M | 89.75M | 71.63M | 63.04M | 16.85M |
| Other Amortization | 19.52M | |||||
| Asset Writedown & Restructuring Costs | 2.97M | 3.54M | 1.43M | 1.49M | 1.34M | 554.00K |
| Loss (Gain) From Sale of Investments | -12.20M | -8.01M | -13.28M | -9.50M | -1.53M | -32.00K |
| Stock-Based Compensation | 248.31M | 238.43M | 186.88M | 174.84M | 162.89M | 227.16M |
| Provision & Write-off of Bad Debts | 358.00K | -514.00K | 591.00K | 8.05M | 2.58M | 129.00K |
| Other Operating Activities | -8.55M | -2.84M | 12.53M | 11.80M | 9.54M | -16.24M |
| Change in Accounts Receivable | -47.63M | -39.82M | -39.50M | -57.49M | -35.82M | -34.18M |
| Change in Accounts Payable | 12.99M | -8.17M | 19.73M | -938.00K | 459.00K | 3.95M |
| Change in Unearned Revenue | 112.67M | 100.10M | 79.09M | 106.59M | 97.03M | 78.67M |
| Change in Other Net Operating Assets | -18.46M | 7.77M | -35.08M | -24.75M | 5.00K | 5.50M |
| Operating Cash Flow | 368.04M | 300.27M | 196.17M | 92.02M | 12.61M | 36.73M |
| Capital Expenditures | -62.55M | -63.15M | -48.88M | -18.15M | -15.78M | -12.38M |
| Cash Acquisitions | -117.38M | 1.29M | -509.84M | |||
| Sale (Purchase) of Intangibles | -67.22M | -65.66M | -49.53M | -34.69M | -33.65M | -15.25M |
| Investment in Securities | 224.01M | 58.31M | -53.30M | -25.50M | -287.53M | -4.30M |
| Investing Cash Flow | -23.14M | -70.50M | -150.11M | -76.06M | -340.48M | -541.77M |
| Long-Term Debt Repaid | -1.64M | -2.02M | -1.85M | -1.71M | -1.51M | |
| Net Debt Issued (Repaid) | -1.56M | -1.64M | -2.02M | -1.85M | -1.71M | -1.51M |
| Issuance of Common Stock | 33.55M | 38.14M | 39.81M | 43.02M | 44.50M | 717.69M |
| Repurchase of Common Stock | -200.49M | -222.96M | ||||
| Other Financing Activities | 29.39M | 7.55M | -1.55M | -4.14M | -4.36M | |
| Financing Cash Flow | -139.11M | -178.90M | 36.24M | 41.16M | 38.65M | 711.83M |
| Foreign Exchange Rate Adjustments | -3.98M | 1.66M | -2.37M | 855.00K | -180.00K | -829.00K |
| Net Cash Flow | 201.81M | 52.52M | 79.93M | 57.97M | -289.40M | 205.96M |
| Free Cash Flow | 305.49M | 237.12M | 147.29M | 73.86M | -3.17M | 24.35M |
| Free Cash Flow Margin | 21.48% | 17.93% | 12.79% | 7.78% | -0.44% | 4.73% |
| Free Cash Flow Per Share | 2.02 | 1.58 | 1.00 | 0.52 | -0.02 | 0.26 |
| Levered Free Cash Flow | 304.72M | 239.62M | 146.50M | 115.93M | 73.79M | 144.45M |
| Unlevered Free Cash Flow | 305.35M | 240.34M | 147.69M | 117.15M | 75.12M | 145.91M |
| Cash Interest Paid | 39.00K | 39.00K | 25.00K | 4.00K | 94.00K | 186.00K |
| Cash Income Tax Paid | 5.87M | 5.53M | 2.70M | 900.00K | 700.00K | 419.00K |
| Change in Working Capital | 59.57M | 59.88M | 24.23M | 23.41M | 61.68M | 53.95M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 9.55B | 11.31B | 11.14B | 9.93B | 6.51B | 10.56B |
| Enterprise Value | 8.97B | 10.65B | 10.40B | 9.39B | 6.04B | 9.57B |
| Last Close Price | 61.38 | 72.74 | 74.93 | 69.22 | 47.18 | 79.97 |
| Forward PE | 31.15 | 43.90 | 74.21 | 168.21 | ||
| PS Ratio | 6.57 | 8.55 | 9.67 | 10.46 | 9.04 | 20.51 |
| PB Ratio | 7.29 | 8.96 | 8.65 | 8.60 | 5.83 | 8.88 |
| P/TBV Ratio | 31.55 | 25.67 | 22.04 | 25.10 | 18.28 | 25.18 |
| P/FCF Ratio | 30.60 | 47.69 | 75.63 | 134.47 | 433.63 | |
| P/OCF Ratio | 25.40 | 37.66 | 56.78 | 107.94 | 516.44 | 287.44 |
| PEG Ratio | 1.51 | |||||
| EV/Sales Ratio | 6.16 | 8.05 | 9.03 | 9.89 | 8.38 | 18.60 |
| EV/FCF Ratio | 28.68 | 44.93 | 70.64 | 127.14 | 393.27 | |
| Debt / Equity Ratio | 0.05 | 0.06 | 0.06 | 0.08 | 0.08 | 0.08 |
| Debt / EBITDA Ratio | 0.91 | 16.05 | ||||
| Debt / FCF Ratio | 0.22 | 0.33 | 0.54 | 1.27 | 3.97 | |
| Net Debt / Equity Ratio | -0.46 | -0.58 | -0.57 | -0.51 | -0.44 | -0.41 |
| Net Debt / EBITDA Ratio | -9.03 | 101.78 | 16.70 | 4.32 | 2.24 | 1.89 |
| Net Debt / FCF Ratio | -1.93 | -3.09 | -5.03 | -7.91 | 153.71 | -20.10 |
| Asset Turnover | 0.67 | 0.61 | 0.58 | 0.52 | 0.42 | 0.41 |
| Quick Ratio | 1.01 | 1.19 | 1.40 | 1.38 | 1.40 | 1.75 |
| Current Ratio | 1.17 | 1.32 | 1.51 | 1.49 | 1.50 | 1.86 |
| Return on Equity (ROE) | -3.12% | -7.90% | -8.67% | -16.70% | -24.88% | -32.25% |
| Return on Assets (ROA) | -1.51% | -3.39% | -4.20% | -7.11% | -10.24% | -13.74% |
| Return on Capital Employed (ROCE) | -3.80% | -8.70% | -9.80% | -16.50% | -23.30% | -21.50% |
| Earnings Yield | -0.41% | -0.89% | -0.95% | -1.91% | -4.41% | -2.51% |
| FCF Yield | 3.27% | 2.10% | 1.32% | 0.74% | -0.05% | 0.23% |
| Buyback Yield / Dilution | -1.11% | -1.90% | -3.86% | -3.98% | -47.32% | -232.22% |