Procore Technologies Stock Price, News & Analysis

Procore Technologies, Inc. (NYSE: PCOR) is a software company that focuses on the construction industry. According to company disclosures and public filings, Procore operates a cloud-based construction management software platform and acts as a technology partner for every stage of construction. The company is classified in the Information sector under software publishers and its common stock is listed on the New York Stock Exchange under the symbol PCOR.

Procore states that its platform is built specifically for construction and is designed to connect people, processes, and data across the project lifecycle. Public materials describe Procore as a unified technology platform that helps drive efficiency and mitigate risk through AI- and data-driven insights and decision making. Over three million projects have run on Procore across more than 150 countries, underscoring the global reach of its software platform.

Business model and revenue generation

Based on available information, Procore’s business model centers on cloud-based software subscriptions. The company describes itself as a cloud-based construction management software provider, and third-party summaries indicate that Procore generates revenue through subscriptions that provide access to its software products. These subscriptions are generally sold for a fixed fee and recognized as revenue over the term of the subscription, reflecting a software-as-a-service (SaaS) model.

Procore’s software products are hosted on its cloud-based platform. The company’s product set, as described in public summaries, includes areas such as Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. These products sit on a unified platform, which Procore refers to as its construction management platform, and are intended to support workflows across project execution, financial management, and reporting and analytics.

Technology platform and AI capabilities

Recent company announcements describe Procore as a leading technology partner for every stage of construction. The company highlights that its unified technology platform incorporates an intelligence layer called Procore Helix, which is used to deliver AI capabilities and data-driven insights. According to Procore, this intelligence layer is intended to help customers automate complex workflows, gain project insights, and optimize outcomes across phases of construction.

Procore has introduced AI-powered tools such as Procore Assist and Procore Agent Builder. Procore Assist is described as a conversational AI assistant that can provide contextually relevant answers by drawing on documents such as specifications, RFIs, submittals, and building codes. Announced enhancements include photo intelligence to summarize project progress and provide safety insights from jobsite photos, multilingual support for languages including Spanish and Polish, and mobile capabilities that bring search, reporting, and voice features to mobile devices.

Procore Agent Builder, which the company has made available in open beta, allows customers to create custom AI agents using natural language prompts. Procore notes that these agents can be used to automate tasks such as drafting RFIs, managing submittals, and generating daily logs and summaries. The company emphasizes that no coding or AI experience is required to build these agents, and that they are intended to improve project efficiency and productivity by automating repetitive workflows.

Product areas and construction focus

Procore’s platform is described as being built for the construction industry. Public descriptions and news releases indicate that Procore positions itself as a technology partner for builders, owners, contractors, and other construction stakeholders. The company’s software is used to manage projects, coordinate teams, and support decision-making on construction jobs of various types.

According to available product descriptions, Procore’s offerings span multiple functional areas on a single platform. These include design coordination and BIM-related capabilities, tools to support field productivity, and modules for project financials and invoice management. Portfolio financials and capital planning products are described as helping organizations manage construction portfolios at a higher level, while accounting integrations and analytics are intended to connect financial systems and provide insight into project and portfolio performance.

Public sector and compliance initiatives

Procore has disclosed efforts to serve U.S. public sector agencies and their contractors. The company announced that it achieved a Federal Risk and Authorization Management Program (FedRAMP) “In Process” designation and is listed on the FedRAMP Marketplace. Procore describes this as a step toward FedRAMP Moderate authorization for Procore for Government, which is expected to provide a FedRAMP Moderate authorized environment (referred to as a Government Zone) for core solutions covering project execution, financial management, and reporting and analytics.

Procore states that Procore for Government is intended to support collaboration on infrastructure projects such as power plants, roads, water systems, and bridges. The company also notes that this offering is expected to help contractors meet Cybersecurity Maturity Model Certification (CMMC) Level 2 requirements, reflecting Procore’s focus on security and compliance for public sector-related work.

Strategic collaborations and ecosystem

Procore has entered into a multi-year strategic collaboration agreement with Amazon Web Services (AWS). The company reports that this agreement is intended to accelerate product development in AI, data operability, and analytics. Procore’s construction management platform is now available in the AWS Marketplace for customers in regions such as North America and Europe, providing access through cloud marketplace purchasing and consolidated billing.

Under this collaboration, Procore plans to use Amazon Bedrock large language models to power AI agents for document analytics, task automation, and intelligent assistance. The company describes this as a way to provide customers with choice and flexibility in AI solutions while supporting project delivery and risk reduction. Procore also references the use of its platform by construction organizations such as Balfour Beatty, which has cited benefits from access to real-time data, project analytics, and visibility into key performance indicators.

Leadership and governance developments

Recent SEC filings and company announcements describe a planned leadership transition. Procore’s Board of Directors appointed Ajei S. Gopal as Chief Executive Officer Designate and a member of the Board, with a subsequent transition to the role of President and Chief Executive Officer following the public announcement of the company’s financial results for the quarter ended September 30, 2025. Filings state that the prior President and CEO, who is also the company’s founder and Board Chair, voluntarily resigned from the President and CEO roles as part of this planned transition and continues to serve as Chair of the Board.

Procore’s SEC filings also describe the compensation arrangements associated with the CEO transition, including restricted stock unit and performance-based restricted stock unit awards for the new CEO and a performance-based restricted stock unit award and other compensation-related items for the founder in his ongoing role as Board Chair. The filings further note that equity awards previously granted to the founder in his executive capacity continue to vest as long as he maintains continuous service with the company or its affiliates.

In addition to the CEO transition, Procore has reported changes in Board composition. An 8-K filing notes the voluntary resignation of a Board member and the appointment of Ronald Hovsepian as a Class I director, as well as his designation as an independent director under NYSE listing standards and the company’s governance guidelines. The filing outlines his committee assignments and compensation under the company’s Non-Employee Director Compensation Policy.

Financial reporting and performance metrics

Procore regularly reports financial results through earnings releases and SEC filings. The company provides information on revenue, gross margin, operating margin, and cash flow, along with metrics such as gross revenue retention rate, customer counts, and the number of customers contributing above certain annual recurring revenue thresholds. Procore also discloses non-GAAP financial measures, including non-GAAP gross profit, non-GAAP operating margin, and free cash flow, and explains adjustments such as stock-based compensation, amortization of acquired intangible assets, employer payroll taxes related to stock transactions, and acquisition-related expenses.

The company states that it uses these non-GAAP measures to evaluate operating performance and for internal planning and forecasting. Procore explains that it views free cash flow as a liquidity measure representing cash available after operating activities and capital expenditures, which can be used to maintain the balance sheet, invest in growth, and execute stock repurchase programs authorized by the Board of Directors.

Role in the construction technology landscape

Public statements from Procore and industry partners describe the company as a key technology partner in the construction sector. Procore characterizes its platform as supporting digital transformation in construction, helping organizations improve project performance, communication, and data quality. Studies conducted in partnership with industry research organizations, such as Dodge Construction Network, highlight the value of project management software for owners and contractors, with reported benefits in cost control, schedule performance, productivity, and profitability for users with higher levels of software expertise.

Procore’s participation in industry events, such as its Groundbreak conference and the Building for Tomorrow Summit, further illustrates its engagement with construction professionals, policymakers, and infrastructure stakeholders. The company’s leadership has been featured in keynote roles at these events, emphasizing themes such as resilience, sustainability, and the role of connected technology in supporting the built environment.

Stock information

According to SEC filings, Procore Technologies, Inc. is incorporated in the United States and its common stock trades on the New York Stock Exchange under the ticker symbol PCOR. The company has also reported Board-authorized stock repurchase programs, including a program to repurchase up to a specified dollar amount of outstanding common stock over a defined period, funded from working capital. These programs are described as discretionary, with repurchases dependent on factors such as price, business conditions, and alternative uses of capital.