Procore Technologies, Inc. filings document a public SaaS company whose common stock trades on the New York Stock Exchange under PCOR. Its reports and current filings cover operating and financial results for a subscription-based construction management platform, including revenue performance, customer metrics, guidance, and capital-structure disclosures.
Proxy statements and Form 8-K reports also record governance matters, director and executive officer appointments, committee assignments, compensation arrangements, stockholder voting items, risk factors, and material events tied to Procore's platform, business operations, and reporting obligations.
An affiliate of PCOR filed a notice of proposed sale of 10,000 shares of common stock through Morgan Stanley Smith Barney LLC Executive Financial Services, with an aggregate value of $589,489.73, to be sold on or about August 11, 2026 on the NYSE.
The notice also lists underlying equity awards related to the holding, including shares from stock option exercises, restricted stock, and performance shares with acquisition dates in 2024 and 2025.
Procore Technologies insider Craig F. Courtemanche Jr. filed to sell common stock through Morgan Stanley Smith Barney LLC’s Executive Financial Services program. The planned sale covers 56,122 shares following a stock option exercise, with an aggregate market value of $3,205,430.48, and is listed for execution on 08/10/2026 on the NYSE. The filing also lists three prior common stock sales over the past three months with reported values between $2.46 million and $2.87 million.
Procore Technologies, Inc. completed a private offering of $950,000,000 aggregate principal amount of 0.00% Convertible Senior Notes due 2031, including full exercise of the initial purchasers’ $125,000,000 option. The notes are senior unsecured, bear no regular interest, mature on August 15, 2031, and are convertible under specified stock price, trading price, redemption and corporate event conditions.
The initial conversion rate is 12.0642 shares per $1,000 principal amount, equivalent to a conversion price of $82.89 per share, a 50% premium to the $55.26 share price on August 3, 2026. Based on this rate, the notes are initially convertible into 11,460,990 shares, and in limited circumstances up to 17,191,390 shares. Procore may redeem the notes on or after August 20, 2029 if stock-price conditions are met, and holders have repurchase rights upon a fundamental change.
Net proceeds were approximately $926.6 million. Procore used about $59.1 million to pay for capped call transactions with an initial cap price of $110.52 per share and about $175 million to repurchase approximately 3.17 million shares. The remaining proceeds are expected to fund part of the cash consideration for the acquisition of DroneDeploy, Inc. and for general corporate purposes.
PROCORE TECHNOLOGIES, INC. director Kevin J. O’Connor, through the Kevin J. O’Connor Revocable Trust U/A DTD 06-13-19, reported selling 23,078 shares of common stock on August 3–4, 2026. The sales were reported as open-market or private transactions executed under a 10b5-1 plan dated March 13, 2026, at weighted-average prices within ranges from $53.16 to $56.24 per share. A separate line item shows direct ownership of 21,344 shares of common stock as of August 3, 2026.
Griffith William J.G. reported disposition transactions in this Form 4 filing.
PROCORE TECHNOLOGIES, INC. director and more-than-10% owner William J.G. Griffith reported restructuring transactions involving investment funds affiliated with ICONIQ Capital. On August 3, 2026, ICONIQ Strategic Partners III, L.P., ICONIQ Strategic Partners III-B, L.P. and ICONIQ Strategic Partners III Co-Invest, L.P., Series P distributed, for no consideration, 813,479, 869,213 and 317,308 shares of Procore common stock, respectively, to their limited partners and general partner, as pro rata in-kind distributions exempt under Rules 16a-13 and 16a-9 of the Exchange Act.
These transactions reduced the funds’ indirect holdings but did not represent market sales. Griffith reports ongoing indirect holdings through multiple ICONIQ Strategic Partners IV, V and VI funds, including 3,108,450 shares held by ICONIQ Strategic Partners IV-B, L.P. He also reports 3,421,491 shares held directly or via trusts, consisting of 4,712 shares issuable upon settlement of RSUs and 3,416,779 shares held through family and estate-planning trusts, which include 172,233 shares received in the described distributions. Griffith disclaims beneficial ownership of the reported securities except to the extent of any pecuniary interest.
ICONIQ Strategic Partners III, L.P. reported disposition transactions in this Form 4 filing.
ICONIQ Strategic Partners funds, as 10% owners of Procore Technologies, reported pro rata, in-kind distributions of 2,000,000 shares of common stock from three ICONIQ Strategic Partners III vehicles to their limited partners and general partner on August 3, 2026, for no consideration.
Following these distributions, ICONIQ III, ICONIQ III-B and ICONIQ III Co-Invest continued to report sizable Procore holdings, and related general partners and individuals, including Divesh Makan and Matthew Jacobson, reported indirect trust holdings while disclaiming beneficial ownership beyond any pecuniary interest.
A shareholder of PCOR, the Kevin J O'Connor Revocable Trust dtd 06/13/19, has filed a notice of proposed sale of restricted or control securities. The filing lists up to 46,154 shares of common stock to be sold through Goldman Sachs & Co. LLC on the NYSE, with an aggregate market value of $2,580,008.60 and total common shares outstanding of 151,955,338 as context.
The trust also reports multiple common‑stock sales during the past three months, including 9,617 shares on 08/03/2026 for $533,343.43 and several trades of 5,769–5,775 shares between 06/15/2026 and 08/04/2026.
Procore Technologies agreed to acquire DroneDeploy, a cloud-control software and visual intelligence provider for drones and other robots, in an all-cash transaction of approximately $845.0 million, subject to customary working capital, cash, debt and other adjustments. DroneDeploy will merge into a Procore subsidiary and become a wholly-owned subsidiary.
To help fund the deal, Procore obtained a debt commitment from Goldman Sachs Bank USA for up to $700.0 million via a 364-day senior secured bridge loan facility, though completion of the acquisition is not conditioned on this or any other financing. Procore will also create a retention pool of equity awards or cash for certain DroneDeploy service providers.
Closing is anticipated by the end of 2026, subject to DroneDeploy stockholder approval, accuracy of representations and warranties, covenant compliance, and regulatory clearances, including expiration or termination of the Hart-Scott-Rodino waiting period. Management highlights combining DroneDeploy’s reality-capture capabilities with Procore AI to enhance visual intelligence, jobsite visibility and automation.
Procore Technologies reported second quarter 2026 revenue of $375 million, up 16% year-over-year, and achieved GAAP operating profitability with a 1% GAAP operating margin. Non-GAAP gross margin was 84% and non-GAAP operating margin reached 21%, reflecting improved cost efficiency.
GAAP net income was $16,922 thousand. Operating cash inflow was $88 million, a 185% year-over-year increase, and free cash inflow was $65 million, up 507%. Total remaining performance obligations were $1,669,915 thousand, while gross revenue retention was 95% and customers contributing over $100,000 of annual recurring revenue grew 14% to 2,871.
For third quarter 2026, Procore expects revenue of $382 million to $384 million and non-GAAP operating margin of 19% to 19.5%. For full-year 2026, revenue guidance is $1,510 million to $1,514 million with non-GAAP operating margin of 18.5% to 19.0% and free cash flow margin of 19.5%. For 2027, non-GAAP operating margin is expected to be 25%.