PROCORE TECHNOLOGIES, INC. (PCOR) Form 8-K — Nov 3, 2026
Procore Technologies reported Q3 2026 revenue of $402 million, up 19% year-over-year and above the high end of its guidance, including 2 percentage points of growth from the newly acquired DroneDeploy business. Non-GAAP operating margin expanded to 23% from 17% a year ago, while the GAAP net loss narrowed to $4.6 million from $9.1 million, and free cash flow rose 8% to $73 million. Management raised its full-year 2026 outlook to revenue of $1,557.0-$1,559.0 million with non-GAAP operating margin of 19.0-19.5%, and issued a preliminary FY2027 non-GAAP operating margin target of 25%. Gross revenue retention held at 95% and customers contributing more than $100K of ARR grew 14% to 2,968.
Key figures
- Eps
- -0.03
- Revenue
- 402313000
- Guidance
- Q4 2026 revenue $420-422M (20.3-20.9% YoY growth, incl. $19M DroneDeploy); FY2026 revenue $1,557.0-1,559.0M (17.7-17.9% growth); FY2026 non-GAAP operating margin 19.0-19.5%; FCF margin 18.0% (19.5% ex one-time payments); FY2027 non-GAAP operating margin 25%
- Total Debt
- 927940000
- Revenue Yoy
- 19%
- Total Assets
- 3072230000
- Cash Position
- 540017000
- Shares Outstanding
- 150382584
- Rpo total
- 1809713000
- Free cash flow q3
- 72995000
- Gross margin gaap
- 80%
- Gaap operating margin
- (2%)
- Gross margin non gaap
- 84%
- Non gaaap eps diluted
- 0.51
- Operating cash flow q3
- 95693000
- Customers over 100k arr
- 2968
- Gross revenue retention
- 95%
- New buyback authorization
- $300 million expiring October 30, 2027
- Non gaap operating margin
- 23%
AI analysis
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