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Procore Technologies (PCOR)
NYSE:PCOR
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.23Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong execution across core metrics (15% revenue growth, 400 bps margin expansion, record free cash flow growth of 69%, largest bookings quarter) and clear strategic initiatives (Procore AI, Data Grid acquisition, FedRAMP authorization, upmarket traction). Management acknowledged near-term headwinds from a weak construction backdrop, international/currency headwinds, a one-time SBC charge, and that meaningful AI monetization remains nascent. Guidance for fiscal 2026 projects continued margin expansion alongside slightly lower top-line growth (~13%). Overall, the positive operational and financial momentum, sizable free cash flow improvement, upmarket gains, and early AI adoption materially outweigh the noted challenges.Company Guidance
Q4 Revenue Growth
Total revenue in Q4 was $349 million, up 15.6% year-over-year, and contributed to full-year revenue growth of 15% for fiscal 2025.
Margin Expansion
Full-year non-GAAP operating margin expanded to 14%, representing a 400 basis point year-over-year improvement; Q4 non-GAAP operating margin was 15% with non-GAAP operating income of $52 million.
Record Free Cash Flow
Generated the strongest free cash flow quarter in company history at $90 million; full-year free cash flow was $215 million, up 69% year-over-year, representing a 16% free cash flow margin.
Strong Backlog Metrics
Current RPO grew 22% year-over-year and current deferred revenue grew 18% year-over-year, reflecting durable bookings and future revenue visibility.
Upmarket Momentum and Large Customer Growth
Number of $100,000-plus ARR customers grew to more than 2,700; 115 customers now spend more than $1 million in ARR (34% year-over-year growth). The number of 6- and 7-figure deals grew 20% year-over-year.
Procore Pay and Product Expansion
Procore Pay ended the year with nearly 450 customers, representing more than 70% year-over-year growth; newer products (Pay, Resource Management, Preconstruction, Analytics) cited as meaningful expansion drivers.
AI Adoption and Procore AI Progress
Procore AI adoption shows early traction with ~66,000 unique active Procore AI users and nearly 700 customers creating thousands of agents; acquisition of Data Grid positioned to accelerate AI capability and integrations.
Bookings Strength
Q4 was the largest bookings quarter in company history (broad-based strength across large and commercial deals), contributing to momentum into fiscal 2026.
International and Currency-Adjusted Growth
Q4 international revenue grew 14% year-over-year; on a constant currency basis international revenue grew 15% year-over-year despite currency headwinds.
Regulatory & Vertical Wins
Achieved FedRAMP Moderate authorization for Procore Government (opens federal/state opportunities); added 3 new ENR 400 logos and signed over 30 $100k+ ARR agreements in the quarter, including a seven-figure international data center deal.
Forward Guidance Reflects Continued Margin Expansion
Fiscal 2026 guidance: revenue of $1.489–$1.494 billion (~13% year-over-year growth), non-GAAP operating margin 17.5%–18% (implying 340–390 bps expansion), and free cash flow margin guidance of 19% (implying ~270 bps expansion).
PCOR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PCOR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | $47.88 | $52.34 | +9.31% |
Nov 05, 2025 | $71.54 | $79.09 | +10.55% |
Aug 01, 2025 | $62.04 | $62.99 | +1.53% |
May 01, 2025 | $63.21 | $64.85 | +2.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Procore Technologies (PCOR) report earnings?
Procore Technologies (PCOR) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Procore Technologies (PCOR) earnings time?
Procore Technologies (PCOR) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCOR EPS forecast?
PCOR EPS forecast for the fiscal quarter 2026 (Q1) is 0.36.