Procore Technologies, Inc. (PCOR) AI Stock Analysis

Procore Technologies, Inc. offers a cloud-based construction management platform and software solutions catering to stakeholders across the construction industry domestically and globally. The platform serves as a collaborative hub for owners, general contractors, specialty contractors, architects, and engineers across project lifecycles. Its product suite includes Preconstruction tools for planning, budgeting, estimating, bidding, and partner selection. Its Project Management tools enable real-time collaboration, Building Information Modeling clash detection, and compliance monitoring. Procore also provides Resource Management solutions to optimize workforce scheduling and productivity, alongside Financial Management tools that integrate field operations with financial data. The company primarily delivers subscription products through direct sales channels.

Procore expanded revenue from $514.8M in FY2021 to $1.32B in FY2025, recording a 5-year revenue CAGR of 27.0%. Year-over-year revenue growth shifted from 28.6% in FY2021 and 39.9% in FY2022 to 21.2% in FY2024 and 14.8% in FY2025. Gross margin was 78.4% in FY2025 compared to 82.1% in FY2024. Annual net losses decreased from -$265.2M in FY2021 to -$100.8M in FY2025, improving net margin from -51.5% to -7.6%, while operating margin reached -8.9%. In the trailing twelve months ending June 30, 2026, revenue reached $1.42B with quarterly revenue growth of 15.8%, operating margin of 2.3%, and EPS of -$0.26.

As of June 30, 2026, Procore held $655.9M in cash and short-term investments against $58.8M in total debt, resulting in net cash of $597.1M. Shareholders' equity totaled $1.28B on total assets of $2.24B. The company maintained a current ratio of 1.17 and a debt-to-equity ratio of 0.05. Operating cash flow reached $298.9M in FY2025, supporting free cash flow of $215.1M. Capital allocation in FY2025 included $83.8M in capital expenditures and $128.8M in share buybacks, while the 5-year share count increased 15.2%.

At a last close of $56.98, Procore has a market capitalization of $8.66B and an enterprise value of $7.16B. The company trades at a forward P/E of 19.5x, slightly above the median of its US-listed Technology peers of 18.8x. Its price-to-sales ratio of 6.1x and EV/EBITDA of 93.2x compare to peer medians of 2.8x and 16.6x, respectively. Procore shares have declined 19.3% over the past year and 40.2% over five years, trailing the S&P 500 returns of 16.8% and 83.0% across the same periods.

Consensus ratings include 14 Strong Buy, 4 Buy, and 6 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target of $68.52 represents a 20.3% premium over the last close of $56.98. For the fiscal year ending December 31, 2026, analysts estimate revenue of $1.51B and EPS of $1.70, reflecting 25.0% projected EPS growth. For the following fiscal year, 19 analysts forecast revenue of $1.72B and EPS of $2.37. Procore beat EPS estimates in 3 of the last 4 quarters, with its next earnings release scheduled for November 3, 2026.

This page is an AI-written research summary of Procore Technologies, Inc. (PCOR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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