Headquartered in Carpinteria, CA Fiscal year ends December NYSE: PCOR procore.com
Procore Technologies, Inc. provides cloud-based construction management software through a unified platform used across every stage of construction by general contractors, specialty contractors and owners. The platform connects project management, financials, quality and safety workflows. It uses AI and data-driven insights to improve efficiency and mitigate risk, and more than three million projects have run on Procore across 150+ countries. Revenue is primarily recurring subscription revenue. Total remaining performance obligations were about $1.81 billion as of September 30, 2026, and gross revenue retention was 95%. In 2026 Procore acquired DroneDeploy, adding 3D ground and aerial reality-capture technology to its visual intelligence and AI capabilities. It also made Procore AI digital coworkers generally available and introduced products such as Asset Register, Ground Pro and the voice-first Procore AI Go. The company announced strategic collaborations with NVIDIA and IBM. It funded the DroneDeploy deal partly with a $950 million convertible note issuance and continues to return capital through share repurchases. Updated
Remaining performance obligations up 28% to $1.81 billion say the demand behind the raised outlook is locked in. Non-GAAP operating margin reached 23% from 17% a year ago, with management targeting 25% for all of 2027.
Software stocks have always been expensive, up until a few months ago. Stocks like Procore Technologies (NYSE:PCOR | PCOR Price Prediction), dLocal (NASDAQ:DLO), and Intuit (NASDAQ:INTU) have plunged significantly, and they’re not the only ones that…
Has Procore Technologies CEO Craig Courtemanche been increasing or decreasing his share count over the past year? Does he know something we don’t?
These are the top analyst upgrades, downgrades, and initiations seen before markets opened on Wednesday, July 12, 2023.
Procore Technologies, Inc. provides cloud-based construction management software through a unified platform used across every stage of construction by general contractors, specialty contractors and owners. The platform connects project management, financials, quality and safety workflows.
24/7 Wall St.'s 12-month price target for PCOR is $98.03, rated Buy. The Wall Street consensus target is $86.27. PCOR price prediction →
