PROCORE TECHNOLOGIES, INC.PCOREarnings & Financial Report
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
Revenue
$302.0M
Gross Profit
$245.2M
Operating Profit
$-66.2M
Net Profit
$-62.3M
Gross Margin
81.2%
Operating Margin
-21.9%
Net Margin
-20.6%
YoY Growth
16.2%
EPS
$-0.42
PROCORE TECHNOLOGIES, INC. Q4 FY2024 Financial Summary
PROCORE TECHNOLOGIES, INC. reported revenue of $302.0M (up 16.2% YoY) for Q4 FY2024, with a net profit of $-62.3M (down 111.0% YoY) (-20.6% margin). Cost of goods sold was $56.8M, operating expenses totaled $311.5M.
Key Financial Metrics
| Total Revenue | $302.0M |
|---|---|
| Net Profit | $-62.3M |
| Gross Margin | 81.2% |
| Operating Margin | -21.9% |
| Report Period | Q4 FY2024 |
Revenue Breakdown
PROCORE TECHNOLOGIES, INC. Q4 FY2024 revenue of $302.0M breaks down across 2 segments, led by US at $257.6M (85.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| US | $257.6M | 85.3% |
| Non Us | $44.5M | 14.7% |
PROCORE TECHNOLOGIES, INC. Revenue by Segment — Quarterly Trend
PROCORE TECHNOLOGIES, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as US and Non Us) has evolved quarter over quarter.
| Segment | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|
| US | $298.3M | $288.7M | $276.1M | $264.6M |
| Non Us | $50.9M | $50.1M | $47.8M | $46.0M |
PROCORE TECHNOLOGIES, INC. Annual Revenue by Year
PROCORE TECHNOLOGIES, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $1.2B |
| 2023 | $950.0M |
| 2022 | $720.2M |
PROCORE TECHNOLOGIES, INC. Quarterly Revenue & Net Profit History
PROCORE TECHNOLOGIES, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 FY2025 | $349.1M | +15.6% | $-37.6M | -10.8% |
| Q3 FY2025 | $338.9M | +14.5% | $-9.1M | -2.7% |
| Q2 FY2025 | $323.9M | +13.9% | $-21.1M | -6.5% |
| Q1 FY2025 | $310.6M | +15.3% | $-33.0M | -10.6% |
| Q4 FY2024 | $302.0M | +16.2% | $-62.3M | -20.6% |
| Q3 FY2024 | $295.9M | +19.4% | $-26.4M | -8.9% |
| Q2 FY2024 | $284.3M | +24.4% | $-6.3M | -2.2% |
| Q1 FY2024 | $269.4M | +26.2% | $-11.0M | -4.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $269.4M | $284.3M | $295.9M | $302.0M | $310.6M | $323.9M | $338.9M | $349.1M |
| YoY Growth | 26.2% | 24.4% | 19.4% | 16.2% | 15.3% | 13.9% | 14.5% | 15.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.88B | $1.97B | $2.02B | $2.10B | $1.95B | $2.00B | $2.06B | $2.24B |
| Liabilities | $685.0M | $711.2M | $733.1M | $813.0M | $767.1M | $786.5M | $834.5M | $976.8M |
| Equity | $1.19B | $1.26B | $1.29B | $1.29B | $1.18B | $1.22B | $1.22B | $1.26B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $69.1M | $58.7M | $39.3M | $29.1M | $66.0M | $30.8M | $88.5M | $114.9M |