Procore Technologies Inc Financials
Procore Technologies Inc (PCOR) reported $1.3B in revenue for fiscal year 2025, up 14.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
High gross margins and minimal reinvestment needs are turning Procore's growth into cash well before reported profit.
Across the last three years, free cash flow rose from$81.7M to$282.2M , improving far faster than the loss line. That gap matters because the company still posted a net loss of-$101M while operating cash flow reached$300.3M , which means accounting losses are increasingly non-cash and the business is already funding itself internally.
With gross margin still near
Capital intensity is unusually low for a company still reporting losses: capex was only
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Procore Technologies Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Procore Technologies Inc has an operating margin of -9.4%, meaning the company loses $9 on every $100 of revenue. This results in a profitability score of 29/100. This is up from -11.8% the prior year.
Procore Technologies Inc's revenue grew 14.8% year-over-year to $1.3B, a solid pace of expansion. This earns a growth score of 80/100.
Procore Technologies Inc has a moderate D/E ratio of 0.77. This balance of debt and equity financing earns a leverage score of 51/100.
Procore Technologies Inc's current ratio of 1.32 indicates adequate short-term liquidity, earning a score of 34/100. The company can meet its near-term obligations, though with limited headroom.
Procore Technologies Inc converts 21.3% of revenue into free cash flow ($282.2M). This strong cash generation earns a score of 83/100.
Procore Technologies Inc posts a -8.0% return on equity (ROE), meaning it loses $8 for every $100 of shareholders' equity. This results in a returns score of 34/100. This is up from -8.2% the prior year.
Procore Technologies Inc scores 5.62, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($9.6B) relative to total liabilities ($976.8M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Procore Technologies Inc passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Procore Technologies Inc reported a net loss of $101.0M while generating $300.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Procore Technologies Inc reported an operating loss of $124.3M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Procore Technologies Inc generated $1.3B in revenue in fiscal year 2025. This represents an increase of 14.8% from the prior year.
Procore Technologies Inc's EBITDA was -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 70.5% from the prior year.
Procore Technologies Inc reported -$101.0M in net income in fiscal year 2025. This represents an increase of 4.7% from the prior year.
Procore Technologies Inc earned -$0.67 per diluted share (EPS) in fiscal year 2025. This represents an increase of 6.9% from the prior year.
Cash & Balance Sheet
Procore Technologies Inc generated $282.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 59.4% from the prior year.
Procore Technologies Inc held $480.7M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Procore Technologies Inc's gross margin was 79.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 2.6 percentage points from the prior year.
Procore Technologies Inc's operating margin was -9.4% in fiscal year 2025, reflecting core business profitability. This is up 2.4 percentage points from the prior year.
Procore Technologies Inc's net profit margin was -7.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.6 percentage points from the prior year.
Procore Technologies Inc's ROE was -8.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the prior year.
Capital Allocation
Procore Technologies Inc invested $362.4M in research and development in fiscal year 2025. This represents an increase of 15.8% from the prior year.
Procore Technologies Inc spent $128.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Procore Technologies Inc invested $18.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 5.4% from the prior year.
PCOR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.4B | $1.3B+14.8% | $1.2B+21.2% | $950.0M+31.9% | $720.2M+39.9% | $514.8M+28.6% | $400.3M+38.4% | $289.2M |
| Cost of Revenue | $285.1M | $270.8M+31.7% | $205.6M+17.9% | $174.5M+17.5% | $148.4M+51.0% | $98.3M+37.2% | $71.7M+34.8% | $53.2M |
| Gross Profit | $1.1B | $1.1B+11.2% | $946.1M+22.0% | $775.5M+35.6% | $571.8M+37.3% | $416.5M+26.7% | $328.6M+39.2% | $236.0M |
| R&D Expenses | $364.8M | $362.4M+15.8% | $313.0M+4.1% | $300.6M+10.9% | $271.0M+14.2% | $237.3M+90.3% | $124.7M+43.3% | $87.0M |
| SG&A Expenses | $246.7M | $233.0M+7.1% | $217.5M+11.1% | $195.7M+17.7% | $166.3M+6.2% | $156.6M+113.2% | $73.5M+26.3% | $58.2M |
| Operating Income | -$69.2M | -$124.3M+8.9% | -$136.4M+36.7% | -$215.7M+25.7% | -$290.5M-1.6% | -$285.9M-388.5% | -$58.5M+29.2% | -$82.6M |
| Interest Expense | $1.0M | $1.2M-39.3% | $1.9M-3.0% | $2.0M-8.3% | $2.1M-8.3% | $2.3M-1.1% | $2.4M+153.0% | $930K |
| Income Tax | -$1.7M | $6.8M+283.2% | $1.8M+39.4% | $1.3M+173.2% | $466K+102.0% | -$23.8M-2292.5% | -$993K-1498.6% | $71K |
| Net Income | -$39.1M | -$101.0M+4.7% | -$106.0M+44.2% | -$190.0M+33.8% | -$287.0M-8.3% | -$265.0M-175.6% | -$96.2M-15.7% | -$83.1M |
| EPS (Diluted) | — | -$0.67+6.9% | -$0.72+46.3% | -$1.34+36.2% | -$2.10+26.6% | -$2.86 | N/A | N/A |
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PCOR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $2.2B+6.6% | $2.1B+11.0% | $1.9B+8.8% | $1.7B+2.9% | $1.7B+106.0% | $820.8M | N/A |
| Current Assets | $1.2B+6.1% | $1.1B+15.1% | $955.7M+19.6% | $799.2M+6.2% | $752.3M+54.2% | $488.0M | N/A |
| Cash & Equivalents | $480.7M+9.8% | $437.7M+22.3% | $357.8M+20.6% | $296.7M-49.4% | $586.1M+54.3% | $379.9M+220.7% | $118.5M |
| Accounts Receivable | $287.8M+16.8% | $246.5M+19.3% | $206.6M+39.0% | $148.7M+30.5% | $114.0M+46.7% | $77.7M | N/A |
| Goodwill | $574.1M+4.4% | $549.7M+1.9% | $539.4M0.0% | $539.1M-0.3% | $540.9M+329.4% | $126.0M+10.0% | $114.5M |
| Total Liabilities | $976.8M+20.1% | $813.0M+10.2% | $738.0M+18.3% | $623.6M+24.4% | $501.4M-54.1% | $1.1B | N/A |
| Current Liabilities | $884.6M+21.5% | $728.0M+13.3% | $642.4M+20.8% | $531.6M+31.7% | $403.7M+54.3% | $261.7M | N/A |
| Total Equity | $1.3B-2.0% | $1.3B+11.5% | $1.2B+3.5% | $1.1B-6.1% | $1.2B+537.1% | -$272.1M-7.2% | -$253.8M |
| Retained Earnings | -$1.3B-8.1% | -$1.2B-9.3% | -$1.1B-20.0% | -$949.1M-43.3% | -$662.2M-66.8% | -$397.0M | N/A |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
PCOR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $368.0M | $300.3M+53.1% | $196.2M+113.2% | $92.0M+629.8% | $12.6M-65.7% | $36.7M+68.1% | $21.9M+412.0% | -$7.0M |
| Capital Expenditures | $21.0M | $18.1M-5.4% | $19.1M+85.4% | $10.3M-34.6% | $15.8M+27.4% | $12.4M+71.9% | $7.2M-44.8% | $13.1M |
| Free Cash Flow | $347.0M | $282.2M+59.4% | $177.0M+116.7% | $81.7M+2673.7% | -$3.2M-113.0% | $24.3M+66.2% | $14.7M+173.0% | -$20.1M |
| Investing Cash Flow | -$23.1M | -$70.5M+53.0% | -$150.1M-97.4% | -$76.1M+77.7% | -$340.5M+37.2% | -$541.8M-1516.7% | -$33.5M+49.7% | -$66.7M |
| Financing Cash Flow | -$139.1M | -$178.9M-593.7% | $36.2M-12.0% | $41.2M+6.5% | $38.7M-94.6% | $711.8M+161.6% | $272.1M+193.4% | $92.8M |
| Share Buybacks | $125.7M | $128.8M | $0 | $0 | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
PCOR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 79.5%-2.6pp | 82.2%+0.5pp | 81.6%+2.2pp | 79.4%-1.5pp | 80.9%-1.2pp | 82.1%+0.5pp | 81.6% |
| Operating Margin | -9.4%+2.4pp | -11.8%+10.9pp | -22.7%+17.6pp | -40.3%+15.2pp | -55.5%-40.9pp | -14.6%+14.0pp | -28.6% |
| Net Margin | -7.6%+1.6pp | -9.2%+10.8pp | -20.0%+19.9pp | -39.9%+11.6pp | -51.5%-27.5pp | -24.0%+4.7pp | -28.7% |
| Return on Equity | -8.0%+0.2pp | -8.2%+8.2pp | -16.4%+9.3pp | -25.7%-3.4pp | -22.3% | N/A | N/A |
| Return on Assets | -4.5%+0.5pp | -5.0%+5.0pp | -10.0%+6.5pp | -16.5%-0.8pp | -15.7%-4.0pp | -11.7% | N/A |
| Current Ratio | 1.32-0.2x | 1.510.0x | 1.490.0x | 1.50-0.4x | 1.860.0x | 1.86 | N/A |
| Debt-to-Equity | 0.77+0.1x | 0.630.0x | 0.64+0.1x | 0.56+0.1x | 0.42 | N/A | N/A |
| FCF Margin | 21.3%+6.0pp | 15.4%+6.8pp | 8.6%+9.0pp | -0.4%-5.2pp | 4.7%+1.1pp | 3.7%+10.6pp | -6.9% |
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Where Procore Technologies Inc Ranks
Frequently Asked Questions
What is Procore Technologies Inc's annual revenue?
Procore Technologies Inc (PCOR) reported $1.3B in total revenue for fiscal year 2025. This represents a 14.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Procore Technologies Inc's revenue growing?
Procore Technologies Inc (PCOR) revenue grew by 14.8% year-over-year, from $1.2B to $1.3B in fiscal year 2025.
Is Procore Technologies Inc profitable?
No, Procore Technologies Inc (PCOR) reported a net income of -$101.0M in fiscal year 2025, with a net profit margin of -7.6%.
What is Procore Technologies Inc's EBITDA?
Procore Technologies Inc (PCOR) had EBITDA of -$13.8M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Procore Technologies Inc's gross margin?
Procore Technologies Inc (PCOR) had a gross margin of 79.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Procore Technologies Inc's operating margin?
Procore Technologies Inc (PCOR) had an operating margin of -9.4% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Procore Technologies Inc's net profit margin?
Procore Technologies Inc (PCOR) had a net profit margin of -7.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Procore Technologies Inc's return on equity (ROE)?
Procore Technologies Inc (PCOR) has a return on equity of -8.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Procore Technologies Inc's free cash flow?
Procore Technologies Inc (PCOR) generated $282.2M in free cash flow during fiscal year 2025. This represents a 59.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Procore Technologies Inc's operating cash flow?
Procore Technologies Inc (PCOR) generated $300.3M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Procore Technologies Inc's total assets?
Procore Technologies Inc (PCOR) had $2.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Procore Technologies Inc's capital expenditures?
Procore Technologies Inc (PCOR) invested $18.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Procore Technologies Inc spend on research and development?
Procore Technologies Inc (PCOR) invested $362.4M in research and development during fiscal year 2025.
What is Procore Technologies Inc's current ratio?
Procore Technologies Inc (PCOR) had a current ratio of 1.32 as of fiscal year 2025, which is considered adequate.
What is Procore Technologies Inc's debt-to-equity ratio?
Procore Technologies Inc (PCOR) had a debt-to-equity ratio of 0.77 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Procore Technologies Inc's return on assets (ROA)?
Procore Technologies Inc (PCOR) had a return on assets of -4.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Procore Technologies Inc's Altman Z-Score?
Procore Technologies Inc (PCOR) has an Altman Z-Score of 5.62, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Procore Technologies Inc's Piotroski F-Score?
Procore Technologies Inc (PCOR) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Procore Technologies Inc's earnings high quality?
Procore Technologies Inc (PCOR) reported a net loss of $101.0M while generating $300.3M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Procore Technologies Inc cover its interest payments?
Procore Technologies Inc (PCOR) reported an operating loss of $124.3M against $1.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Procore Technologies Inc?
Procore Technologies Inc (PCOR) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.