Procore Technologies Inc

Procore Technologies Inc

PCOR · NYSE · Technology / Software - Application

77.62USD+0.39 (+0.50%)

Price History

Full chart

Market Stats

Previous Close77.23
Open77.76
Day Range77.20 – 78.50
52-Week Range38.03 – 79.80
Volume1.95M
Market Cap11.55B
P/E (TTM)0.00
Forward P/E28.90
EPS-0.23
Dividend Yield0.00%
Beta0.75
50-Day Avg58.74
200-Day Avg53.71

About

Procore Technologies, Inc., together with its subsidiaries, provides a cloud-based construction management platform and related products and services in the United States and internationally. Its platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. The company offers Preconstruction that facilitates collaboration between internal and external stakeholders during the takeoff, planning, budgeting, estimating, bidding, design, and partner selection phases of a construction project and Project Execution, which enables collaboration, information transmission and storage, and safety regulation compliance for teams on the jobsite and in the back office. It also provides Resource Management, that helps customers to schedule, track, and forecast workforce and equipment productivity, improve time management, communicate with workforces, optimize procurement and movement of materials, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, and support payments between key stakeholders. The company serves owners, general contractors, and specialty contractors operating in the residential and non-residential segments of the construction industry. The company sells its products online through computers, smartphones, tablets, web browser, and mobile application available for iOS and Android platforms. Procore Technologies, Inc. was formerly known as Butterfly Lane, Inc and changed its name to Procore Technologies, Inc. in May 2002. The company was incorporated in 2002 and is headquartered in Carpinteria, California.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEODr. Ajei S. Gopal Ph.D.
  • Employees4.42K
  • Headquarters6309 Carpinteria Avenue, Carpinteria, CA, United States, 93013, USA
  • Websitehttps://www.procore.com

Leadership

  • Mr. Craig F. Courtemanche Jr.Founder & Chairman · b. 1968
  • Dr. Ajei S. Gopal Ph.D.President, CEO & Director · b. 1962
  • Mr. Steven S. DavisPresident of Product & Technology · b. 1967
  • Mr. Benjamin C. Singer Esq., J.D.Chief Legal Officer & Corporate Secretary · b. 1977
  • Ms. Rachel PylesCFO & Treasurer · b. 1984
  • Mr. William Fred Fleming Jr.SVP, Corporate Controller & Principal Accounting Officer · b. 1984
  • Ms. Alexandra GellerHead of Investor Relations
  • Ms. Inna LandmanChief People Officer
  • Mr. Steven C. ZahmChief Experience Officer · b. 1964
  • Mr. Matthew PuljizSenior Vice President of Finance

Financials

Income Statement

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue112.25M186.40M289.19M400.29M514.82M720.20M950.01M1.15B1.32B
Growth (%)-+66.05%+55.15%+38.42%+28.61%+39.89%+31.91%+21.23%+14.83%
Cost of Revenue25.35M37.40M53.17M71.66M98.31M148.42M174.46M205.61M285.16M
Gross Profit86.90M149.00M236.03M328.63M416.51M571.79M775.55M946.10M1.04B
Gross Margin77.41%79.93%81.62%82.10%80.90%79.39%81.64%82.15%78.44%
Operating Expense142.03M204.04M318.65M387.16M702.44M862.24M991.23M1.08B1.16B
Operating Income-55.13M-55.04M-82.62M-58.53M-285.93M-290.45M-215.68M-136.42M-117.77M
Operating Margin-49.11%-29.53%-28.57%-14.62%-55.54%-40.33%-22.70%-11.85%-8.90%
EBITDA-49.66M-46.77M-67.22M-68.81M-250.22M-221.29M-114.83M-12.53M17.75M
EBITDA Margin-44.24%-25.09%-23.25%-17.19%-48.60%-30.73%-12.09%-1.09%1.34%
Net Income-55.54M-56.67M-83.11M-96.17M-265.17M-286.93M-189.69M-105.96M-100.78M
Net Income Margin-49.48%-30.40%-28.74%-24.02%-51.51%-39.84%-19.97%-9.20%-7.62%
R&D39.76M55.95M87.02M124.66M237.29M270.98M300.57M312.99M356.64M
R&D as % of Total Revenue35.42%30.02%30.09%31.14%46.09%37.63%31.64%27.18%26.97%
Interest Expense157.00K1.39M930.00K2.35M2.33M2.13M1.96M1.90M1.15M
Interest Expense % of Total Revenue0.14%0.75%0.32%0.59%0.45%0.30%0.21%0.16%0.09%

Balance Sheet

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets176.24M275.00M503.66M820.77M1.69B1.74B1.89B2.10B2.24B
Total Liabilities150.88M474.68M757.42M1.09B501.37M623.63M737.96M813.02M976.80M
Total Equity25.36M-199.69M-253.76M-272.10M1.19B1.12B1.16B1.29B1.26B
Cash60.33M94.85M118.45M379.91M586.11M296.71M357.79M437.72M480.68M
Total Debt46.08M331.16M83.66M95.39M96.76M94.32M93.92M80.02M79.20M
Net Debt-14.25M231.64M-34.80M-284.51M-489.35M-202.39M-263.87M-357.70M-401.48M

Cash Flow

Currency: USD2017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-24.66M-21.10M-7.00M21.85M36.73M12.61M92.02M196.17M298.87M
Investing Cash Flow-9.12M-23.96M-66.69M-33.51M-541.77M-340.48M-76.06M-150.11M-70.50M
Financing Cash Flow715.00K78.15M92.76M272.12M711.83M38.65M41.16M36.24M-177.50M
Capital Expenditure9.12M21.83M27.99M18.97M27.63M49.43M45.01M19.14M83.76M
Free Cash Flow-33.78M-42.94M-34.99M2.89M9.10M-36.82M47.01M177.03M215.11M
FCF to OCF136.97%203.45%499.63%13.21%24.77%-292.05%51.08%90.24%71.97%

Earnings

Report DateMar 31, 2020Mar 31, 2021May 21, 2021Aug 5, 2021Nov 4, 2021Feb 22, 2022May 4, 2022Aug 3, 2022Nov 2, 2022Feb 16, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 15, 2024May 1, 2024Aug 1, 2024Oct 30, 2024Feb 13, 2025May 1, 2025Jul 31, 2025Nov 5, 2025Feb 12, 2026May 5, 2026Jul 29, 2026Nov 3, 2026Nov 4, 2026
EPS Estimate0.000.00-0.01-0.14-0.08-0.15-0.18-0.17-0.17-0.14-0.12-0.09-0.050.070.160.250.220.110.180.26-0.030.360.360.020.140.15
EPS Actual-0.72-0.44-0.15-0.05-0.05-0.15-0.15-0.19-0.09-0.080.010.020.090.170.300.390.240.010.230.350.020.370.340.180.18-
Surprise---1400.00%64.29%37.50%0.00%16.67%-11.76%47.06%42.86%108.33%122.22%280.00%142.86%87.50%56.00%9.09%-90.91%27.78%34.62%166.67%2.78%-5.56%800.00%28.57%-
Timing--After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap11.55B
Enterprise Value11.97B
Trailing P/E0.00
Forward P/E28.90
Price / Sales7.78
Price / Book10.69
EPS-0.23
Book Value7.26
Revenue (TTM)1.49B
Gross Profit (TTM)1.19B
EBITDA102.85M
Profit Margin-2.31%
Operating Margin-1.21%
Return on Equity-2.98%
Return on Assets-0.44%
Shares Outstanding149.60M
Shares Float133.85M
Beta0.75
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 25 analystsTarget 86.27
  • Strong Buy
    16
  • Buy
    4
  • Hold
    5

Ownership Breakdown

Institutions
96.34%
Insiders
9.40%
Retail / Other
0.00%

Top Institutional Holders

  • ICONIQ Capital, LLC
    14.62M9.77%
  • Morgan Stanley - Brokerage Accounts
    11.42M7.63%
  • Assenagon Asset Management SA
    8.80M5.88%
  • BlackRock Inc
    7.39M4.94%
  • Vanguard Portfolio Management, LLC
    6.98M4.66%
  • T. Rowe Price Associates, Inc.
    6.62M4.43%
  • Vanguard Capital Management, LLC
    5.39M3.60%
  • UBS Group AG
    5.19M3.47%
  • AllianceBernstein L.P.
    5.09M3.40%
  • Capital World Investors
    3.47M2.32%
  • Wellington Management Company LLP
    3.45M2.31%
  • Deutsche Bank AG
    2.82M1.88%
  • Fidelity International Ltd
    2.72M1.82%
  • JPMorgan Chase & Co
    2.62M1.75%
  • The Goldman Sachs Group Inc
    2.53M1.69%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.85M2.57%
  • Vanguard Small Cap Index
    2.73M1.83%
  • AllianceBernstein US L/C Growth Eqty MF
    2.64M1.76%
  • Vanguard Explorer Inv
    2.49M1.67%
  • Fidelity Global Technology A-Dis-EUR
    2.48M1.66%