Procore Technologies Inc (PCOR)

In the past six months, Procore Technologies' stock (PCOR) has been influenced by its financial reporting and leadership changes. Procore reported Q3 CY2025 revenue of $338.9 million, exceeding analyst estimates by 3.3% with 14.5% year-on-year growth. The company announced its Q4 and full fiscal year 2025 financial results on February 12, 2026 with Q4 CY2025 revenue of $349.1 million, topping analyst expectations by 2.4% with 15.6% year-on-year growth. In March 2026, Procore announced new Chief Financial Officer and Chief Revenue Officer leadership appointments and a partnership with NVIDIA to accelerate the construction of AI factories. United Rentals announced a telematics integration with Procore to expand equipment visibility for customers. Procore for Government achieved FedRAMP® Moderate Authorization, enhancing data security compliance for federal customers. Despite positive earnings reports, the stock's 90-day and 1-year total shareholder return saw a decline.

The demand for Procore Technologies' products and services is influenced by the inherent seasonality of the construction industry. The construction sector typically experiences a busy season during the spring and summer months and demand tends to slow down during the fall and winter months. Historically, the second half of the year has offered better seasonality for Procore's business. The company's subscription-based revenue model helps to smooth out some of the direct impact of project-based seasonality on its financial reporting.

Procore Technologies, Inc. (PCOR) is a global provider of cloud-based construction management software, operating within the Information Technology sector. The company's unified technology platform leverages AI and data-driven insights to modernize and digitize construction management, facilitating access to project information, simplifying workflows, and enhancing communication among stakeholders. Procore serves a diverse customer base across residential and non-residential construction segments. Procore's major product offerings are categorized into Preconstruction, Project Execution, Resource Management (now Workforce Management), Financial Management, and Procore Helix (Construction Intelligence). The platform also supports third-party integrations through its App Marketplace.

Procore Technologies has a significant global presence, with its headquarters in Carpinteria, California. The company has expanded its operations across North America with offices across the U.S. and Canada. In Europe, Middle East, Asia, and North Africa (EMEA/MENA), Procore has offices in London, Dublin, Paris, Dubai, and Cairo. Asia-Pacific (APAC) operations include offices in Sydney, Australia, and in India (Pune and Bangalore). Procore's cloud infrastructure includes 16 global data centers for local file storage.

Procore Technologies generally maintains a strong brand reputation as a leading global provider of cloud-based construction management software. The company is recognized for its commitment to innovation, customer success, and its deep understanding of the construction industry. Workforce reductions and the company not being a BBB Accredited Business could be factors in employee perception and broader reputation.

Procore Technologies' ownership is predominantly institutional, with approximately 94.87% of the company's shares held by institutional investors as of March 31, 2025. Major Institutional Owners include ICONIQ Capital, LLC, The Vanguard Group, Inc., and BlackRock, Inc. Major Individual Owners include the founder Craig F. Courtemanche Jr., William J.G. Griffith, and Divesh Makan. Insider ownership stood at approximately 3.28% as of March 31, 2025.