# Procore Technologies, Inc. (PCOR)

> Source: Nexqual · https://nexqual.com/PCOR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Procore Technologies, Inc. (PCOR), nexqual.com/PCOR" · informational, not investment advice.

**Price:** USD 62.29 (+2.27% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 60.91 · day 61.37–62.89 · 52w 38.03–82.32 · market cap $9.47B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.42B, net income -$38.9M (-2.7% margin), free cash flow $347M (SEC filings).
- Analysts: Buy (mean 2.08 on a 1–5 scale) (24 analysts), mean target USD 68.52 (range 55–88).
- Total return with dividends: 1Y -15.2% vs S&P 500 +14.9%; 5Y -38.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.45, revenue estimate $384M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $515M | $720M | $950M | $1.15B | $1.32B | $1.42B |
| Gross profit | $417M | $572M | $776M | $946M | $1.05B | — |
| Operating income | -$286M | -$290M | -$216M | -$136M | -$124M | -$69.2M |
| Net income | -$265M | -$287M | -$190M | -$106M | -$101M | -$38.9M |
| EPS (diluted) | -$2.86 | -$2.10 | -$1.34 | -$0.72 | -$0.67 | — |
| Free cash flow | $24.3M | -$3.2M | $81.7M | $177M | $282M | $347M |
| Gross margin | 80.9% | 79.4% | 81.6% | 82.1% | 79.5% | — |
| Operating margin | -55.5% | -40.3% | -22.7% | -11.8% | -9.4% | -4.9% |
| Net margin | -51.5% | -39.8% | -20.0% | -9.2% | -7.6% | -2.7% |
| Revenue growth | +28.6% | +39.9% | +31.9% | +21.2% | +14.8% | — |
| Cash + short-term investments | $586M | $582M | $678M | $775M | $768M | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 6.7x · P/FCF 27.3x · P/B 7.4x · FCF yield 3.67% · Earnings yield -0.41% · Buyback yield (TTM) 1.33%

## Analysts
Consensus Buy (mean 2.08 on a 1–5 scale), 24 analysts; mean target USD 68.52 (low 55, high 88).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | Cantor Fitzgerald | Target raised | Overweight | $65 → $70 |
| 2026-10-12 | Barclays | Target raised | Overweight | $60 → $62 |
| 2026-10-05 | Cantor Fitzgerald | Reiterated | Overweight | $65 |
| 2026-09-15 | Cantor Fitzgerald | Initiated | Overweight | $65 |
| 2026-08-03 | Barclays | Target raised | Overweight | $50 → $60 |
| 2026-07-31 | UBS | Target raised | Buy | $68 → $75 |
| 2026-07-31 | Piper Sandler | Target lowered | Overweight | $71 → $68 |
| 2026-07-28 | TD Cowen | Target lowered | Buy | $70 → $60 |
| 2026-07-24 | BTIG | Reiterated | Buy | $66 |
| 2026-07-23 | Guggenheim | Initiated | Buy | $68 |
| 2026-07-21 | Jefferies | Target lowered | Buy | $95 → $75 |
| 2026-07-13 | Barclays | Target lowered | Overweight | $65 → $50 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -15.2% | -38.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -15.3% | -9.1% |
| Volatility (annualized) | 52.1% | 49.5% |
| Max drawdown | -51.9% (Nov 2025→Jun 2026) | -60.2% (Oct 2021→Jun 2026) |

## Peers (Software - Application)
PCTY (Paylocity Holding Corporation) USD 177.67 +4.93% · YMM (Full Truck Alliance Co. Ltd.) USD 8.35 -1.76% · ESTC (Elastic N.V.) USD 98.21 -0.61% · IDCC (InterDigital, Inc.) USD 332.06 -0.78% · TTAN (ServiceTitan, Inc.) USD 85.2 +3.50% · DSGX (The Descartes Systems Group Inc) USD 94 +1.74%

## More
Full page: https://nexqual.com/PCOR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in PCOR's own 10-K filed 2026-02-24 (https://www.sec.gov/Archives/edgar/data/1611052/000162828026011055/pcor-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Amazon (AMZN) | "We rely on third-party data centers, such as Amazon Web Services ("AWS"), to host and operate our platform, and any disruption of or interference with these resources may negatively affect our ability to maintain the per…" |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| U.S. | $316.6M | 84.4% | +14.6% |
| Rest of the world | $58.6M | 15.6% | +22.8% |
| Total revenue | $375.2M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.45 | $0.45 | -0.4% | $384.0M | 21 |
| Next quarter (ends 2026-12-31) | $0.42 | $0.46 | -7.4% | $396.2M | 21 |
| Current fiscal year (ends 2026-12-31) | $1.70 | $1.66 | +2.4% | $1.51B | 22 |
| Next fiscal year (ends 2027-12-31) | $2.37 | $2.10 | +13.0% | $1.72B | 19 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-03): ±14.8%; last 8 reports averaged ±10.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 65.7% | ±14.8% |
| 2026-12-18 | 56 | 56.6% | ±17.7% |
| 2027-01-15 | 84 | 53.1% | ±20.2% |
| 2027-04-16 | 175 | 53.6% | ±29.2% |