Procore Technologies (PCOR) AI Stock Analysis

• Market Cap: $11.15B
• Dividend Yield: N/A
• Average Volume (3M): 1.21M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.49
• Revenue Growth: 18.59%
• EPS Growth: 10.73%
• Country: US
• Employees: 4,203
• Sector: Technology
• Sector Strength: 86
• Industry: Software - Application
• EPS (TTM): 0.23
• Shares Outstanding: 149,169,220
• 10 Day Avg. Volume: 1,456,776
• 30 Day Avg. Volume: 1,205,544
• PEG Ratio: 4.48
• Price to Book (P/B): 9.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 83.96
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 11.83
• Enterprise Value/Gross Profit: 144.71
• Enterprise Value/Ebitda: -68.95
• 1Y Price Target: $79.36
• Price Target Upside: 6.80% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 14

• Rating: 74 Outperform
• Price Target: $84.00 ▲(13.04%Upside)

Procore Technologies receives a strong overall stock score due to its robust revenue growth, solid market positioning, and promising developments highlighted in the earnings call. The technical indicators support a bullish trend, although caution is advised due to near-overbought conditions. The main areas for improvement include achieving profitability and managing uncertainties such as tariff impacts and market transitions.

Positive Factors

Financial Performance

Procore reported upside Q1 results with revenue topping the high-end of guidance by $7.6M and non-GAAP operating margins of 10.4%, beating forecasts by more than 200 bps.

Market Position

PCOR is seen as having high barriers to entry due to platform breadth and stronghold with general contractors, making it a dominant player in the market.

Strategic Acquisitions

Two recent technology-centric acquisitions increase Procore's capabilities in BIM and clash management, aligning with the company's data philosophy.

Negative Factors

Investor Sentiment

Short interest is relatively high at around 10%, indicating a mixed sentiment among investors.

Market Uncertainty

There’s heightened uncertainty here relative to other names in our coverage – an end-market that’s more exposed to tariff implications, a GTM overhaul that’s one quarter into its full implementation, and eventual CEO transition.

Tariff Impact Concerns

There is some concern from a customer about potential tariff impacts on costs and supply chains.

Procore Technologies Business Overview & Revenue Model

Company Description

Procore Technologies, Inc. is a leading provider of cloud-based construction management software. The company operates primarily in the construction industry, offering a comprehensive platform that connects project stakeholders, including owners, general contractors, and specialty contractors. Procore's software solutions facilitate project management, financial management, quality and safety management, and field productivity, enhancing collaboration and efficiency across the construction lifecycle.

How the Company Makes Money

Procore Technologies generates revenue primarily through a subscription-based model. The company charges construction firms and stakeholders for access to its software platform, which is licensed on a per-project basis or through enterprise agreements. Revenue is driven by the number of projects and the scale of construction activities managed using Procore's solutions. Additionally, Procore may benefit from partnerships with other technology providers, enabling integration and interoperability with complementary applications, further enhancing its platform's value proposition and customer retention.

Procore Technologies Financial Statement Overview

Summary

Procore Technologies shows promising revenue growth and solid cash flow generation, indicative of its strong market position in the software application industry. Despite these strengths, profitability remains a challenge, with ongoing net losses and negative margins. The balance sheet is stable with low leverage, providing a cushion for future growth. The focus should be on improving operational efficiency to enhance profitability.

Income Statement

Procore Technologies demonstrates strong revenue growth with a TTM increase of 3.58% and impressive annual growth over the past years. The gross profit margin is robust at 80.82%, indicating effective cost management. However, the company remains unprofitable, with a TTM net profit margin of -10.73% and negative EBIT and EBITDA margins, reflecting ongoing operational challenges.

Balance Sheet

The balance sheet is strong with a low debt-to-equity ratio of 0.05, indicating conservative leverage. The equity ratio stands at 60.63%, highlighting a solid capital structure. However, the negative return on equity of -10.83% suggests inefficiencies in generating profits from shareholders' equity.

Cash Flow

Procore's cash flow is healthy with a TTM free cash flow of $131.95 million and a strong operating cash flow to net income ratio of 1.51. The company has demonstrated prudent cash management, although the free cash flow growth has declined compared to previous periods due to increased capital expenditures.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.15B	950.01M	720.20M	514.82M	400.29M
Gross Profit	946.10M	775.55M	571.79M	416.51M	328.63M
EBITDA	-20.49M	-119.49M	-221.29M	-250.22M	-62.53M
Net Income	-105.96M	-189.69M	-286.93M	-265.17M	-96.17M
Balance Sheet
Total Assets	2.10B	1.89B	1.74B	1.69B	820.77M
Cash, Cash Equivalents and Short-Term Investments	775.39M	677.95M	582.21M	586.11M	379.91M
Total Debt	74.05M	81.50M	83.67M	88.92M	95.39M
Total Liabilities	813.02M	737.96M	623.63M	501.37M	1.09B
Stockholders Equity	1.29B	1.16B	1.12B	1.19B	-272.10M
Cash Flow
Free Cash Flow	177.03M	47.01M	-36.82M	9.10M	2.89M
Operating Cash Flow	196.17M	92.02M	12.61M	36.73M	21.85M
Investing Cash Flow	-150.11M	-76.06M	-340.48M	-541.77M	-33.51M
Financing Cash Flow	36.24M	41.16M	38.65M	711.83M	272.12M

Procore Technologies Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 74.31
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PCOR, the sentiment is Positive. The current price of 74.31 is above the 20-day moving average (MA) of 71.85, above the 50-day MA of 69.38, and above the 200-day MA of 70.86, indicating a bullish trend. The MACD of 1.65 indicates Negative momentum. The RSI at 64.20 is Neutral, neither overbought nor oversold. The STOCH value of 83.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for PCOR.

Procore Technologies Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANH	75 Outperform	$13.22B	60.67	85.16%	―	6.13%	9.17%
APPF	75 Outperform	$9.42B	48.84	49.11%	―	22.73%	154.79%
PCOR	74 Outperform	$11.15B	―	-10.78%	―	18.59%	10.73%
CVLT	74 Outperform	$7.44B	99.07	25.23%	―	18.63%	-55.09%
BSY	74 Outperform	$17.75B	74.38	25.20%	0.44%	10.71%	-27.64%
ESTC	69 Neutral	$9.18B	192.75	-12.98%	―	17.04%	-273.13%
Sector *	63 Neutral	$34.70B	4.89	-11.39%	1.66%	5.53%	-19.00%

Procore Technologies Corporate Events

Procore Technologies Elects Directors at Annual Meeting

On June 5, 2025, Procore Technologies held its annual meeting of stockholders, where three directors were elected to serve until 2028. Additionally, the appointment of PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2025 was ratified, and the compensation for named executive officers was approved.

The most recent analyst rating on (PCOR) stock is a Buy with a $78.00 price target. To see the full list of analyst forecasts on Procore Technologies stock, see the PCOR Stock Forecast page.