Procore Technologies, Inc. (PCOR) 10-Year Financial Performance & Capital Metrics

PCOR • • Industrial / General

TechnologyApplication SoftwareDesign & Engineering SoftwareInfrastructure Design

AboutProcore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides Resource Management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company primarily sells subscriptions to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.Show more

Revenue $1.15B +21.2%
EBITDA -$47M +67.6%
Net Income -$106M +44.1%
EPS (Diluted) -0.72 +46.3%
Gross Margin 82.15% +0.6%
EBITDA Margin -4.05% +73.3%
Operating Margin -11.85% +47.8%
Net Margin -9.2% +53.9%
ROE -8.67% +48.1%
ROIC -11.23% +37.3%
Debt/Equity 0.06 -23.6%
Interest Coverage -71.84 +34.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.4% free cash flow margin
✓Strong 5Y sales CAGR of 31.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y31.83%

3Y30.79%

TTM14.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-71.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-68.69%

ROCE

10Y Avg-33.2%

5Y Avg-19.23%

3Y Avg-17.07%

Latest-10.4%

Peer Comparison

Infrastructure Design

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BSYBentley Systems, Incorporated	11.41B	39.07	54.26	10.15%	18.45%	22.53%	3.69%	1.37
PCORProcore Technologies, Inc.	11.02B	70.90	-98.47	21.23%	-9.84%	-10.25%	1.61%	0.06
CALXCalix, Inc.	3.91B	59.04	-131.20	-20.02%	-0.78%	-0.88%	1.29%	0.01

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	112.25M	186.4M	289.19M	400.29M	514.82M	720.2M	950.01M	1.15B
Revenue Growth %	-	0.66%	0.55%	0.38%	0.29%	0.4%	0.32%	0.21%
Cost of Goods Sold+	25.35M	37.4M	53.17M	71.66M	98.31M	148.42M	174.46M	205.61M
COGS % of Revenue	0.23%	0.2%	0.18%	0.18%	0.19%	0.21%	0.18%	0.18%
Gross Profit+	86.9M	149M	236.03M	328.63M	416.51M	571.79M	775.55M	946.1M
Gross Margin %	0.77%	0.8%	0.82%	0.82%	0.81%	0.79%	0.82%	0.82%
Gross Profit Growth %	-	0.71%	0.58%	0.39%	0.27%	0.37%	0.36%	0.22%
Operating Expenses+	142.03M	204.04M	318.65M	387.16M	702.44M	862.24M	991.23M	1.08B
OpEx % of Revenue	1.27%	1.09%	1.1%	0.97%	1.36%	1.2%	1.04%	0.94%
Selling, General & Admin	102.26M	148.09M	231.63M	262.5M	465.15M	591.26M	690.65M	769.53M
SG&A % of Revenue	0.91%	0.79%	0.8%	0.66%	0.9%	0.82%	0.73%	0.67%
Research & Development	39.76M	55.95M	87.02M	124.66M	237.29M	270.98M	300.57M	312.99M
R&D % of Revenue	0.35%	0.3%	0.3%	0.31%	0.46%	0.38%	0.32%	0.27%
Other Operating Expenses	0	0	0	0	0	0	0	0
Operating Income+	-55.13M	-55.04M	-82.62M	-58.53M	-285.93M	-290.45M	-215.68M	-136.42M
Operating Margin %	-0.49%	-0.3%	-0.29%	-0.15%	-0.56%	-0.4%	-0.23%	-0.12%
Operating Income Growth %	-	0%	-0.5%	0.29%	-3.89%	-0.02%	0.26%	0.37%
EBITDA+	-49.65M	-46.79M	-67.74M	-32.54M	-249.55M	-227.41M	-144.04M	-46.67M
EBITDA Margin %	-0.44%	-0.25%	-0.23%	-0.08%	-0.48%	-0.32%	-0.15%	-0.04%
EBITDA Growth %	-	0.06%	-0.45%	0.52%	-6.67%	0.09%	0.37%	0.68%
D&A (Non-Cash Add-back)	5.48M	8.25M	14.88M	25.99M	36.38M	63.04M	71.63M	89.75M
EBIT	-55.15M	-55.03M	-82.11M	-94.81M	-286.6M	-284.33M	-186.46M	-102.28M
Net Interest Income+	-157K	-1.39M	-930K	-2.06M	-2.15M	3.69M	17.82M	21.8M
Interest Income	0	0	0	293K	175K	5.83M	19.78M	23.69M
Interest Expense	157K	1.39M	930K	2.35M	2.33M	2.13M	1.96M	1.9M
Other Income/Expense	-174K	-1.38M	-412K	-38.63M	-3M	3.99M	27.26M	32.24M
Pretax Income+	-55.3M	-56.42M	-83.04M	-97.16M	-288.92M	-286.46M	-188.42M	-104.18M
Pretax Margin %	-0.49%	-0.3%	-0.29%	-0.24%	-0.56%	-0.4%	-0.2%	-0.09%
Income Tax+	238K	250K	71K	-993K	-23.76M	466K	1.27M	1.77M
Effective Tax Rate %	1%	1%	1%	0.99%	0.92%	1%	1.01%	1.02%
Net Income+	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Net Margin %	-0.49%	-0.3%	-0.29%	-0.24%	-0.52%	-0.4%	-0.2%	-0.09%
Net Income Growth %	-	-0.02%	-0.47%	-0.16%	-1.76%	-0.08%	0.34%	0.44%
Net Income (Continuing)	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-0.51	-0.80	-0.82	-1.98	-2.10	-1.34	-0.72
EPS Growth %	-	-0.09%	-0.57%	-0.03%	-1.41%	-0.06%	0.36%	0.46%
EPS (Basic)	-0.47	-0.51	-0.80	-0.82	-1.98	-2.10	-1.34	-0.72
Diluted Shares Outstanding	117.73M	111.65M	104.33M	117.73M	134.05M	136.53M	141.96M	147.44M
Basic Shares Outstanding	117.73M	111.65M	104.33M	117.73M	134.05M	136.53M	141.96M	147.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	90.95M	150.7M	201.07M	487.97M	752.29M	799.22M	955.73M	1.1B
Cash & Short-Term Investments	60.33M	94.85M	118.45M	379.91M	586.11M	582.21M	677.95M	775.39M
Cash Only	60.33M	94.85M	118.45M	379.91M	586.11M	296.71M	357.79M	437.72M
Short-Term Investments	0	0	0	0	0	285.49M	320.16M	337.67M
Accounts Receivable	0	45.23M	58.24M	77.69M	131.01M	172.28M	237.26M	280.39M
Days Sales Outstanding	-	88.57	73.51	70.84	92.88	87.31	91.16	88.86
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	0	5.55M	11.92M	13.6M	35.17M	44.73M	40.52M	44.09M
Total Non-Current Assets+	85.3M	124.3M	302.59M	332.8M	938.37M	941.19M	937.83M	1B
Property, Plant & Equipment	59.19M	91.71M	110.27M	122.12M	120.51M	118.15M	114.77M	104.11M
Fixed Asset Turnover	1.90x	2.03x	2.62x	3.28x	4.27x	6.10x	8.28x	11.06x
Goodwill	0	423K	114.53M	125.97M	540.92M	539.13M	539.35M	549.65M
Intangible Assets	5.13M	13.18M	50.78M	51.78M	229.04M	221.53M	220.59M	233.27M
Long-Term Investments	0	3.3M	0	0	3.1M	14.15M	11.53M	60.4M
Other Non-Current Assets	20.98M	18.98M	27.02M	32.94M	47.9M	62.38M	51.59M	54.07M
Total Assets+	176.24M	275M	503.66M	820.77M	1.69B	1.74B	1.89B	2.1B
Asset Turnover	0.64x	0.68x	0.57x	0.49x	0.30x	0.41x	0.50x	0.55x
Asset Growth %	-	0.56%	0.83%	0.63%	1.06%	0.03%	0.09%	0.11%
Total Current Liabilities+	102.44M	145.81M	224.77M	261.71M	403.7M	531.64M	642.43M	728.03M
Accounts Payable	7.33M	7.75M	9.44M	9.01M	15.49M	14.28M	13.18M	33.15M
Days Payables Outstanding	105.46	75.67	64.78	45.9	57.51	35.12	27.57	58.84
Short-Term Debt	0	3.88M	0	0	7.84M	10.65M	12.42M	5.97M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	7.86M	23.81M	24.89M	23.14M	27.31M	30.48M	32.22M
Current Ratio	0.89x	1.03x	0.89x	1.86x	1.86x	1.50x	1.49x	1.51x
Quick Ratio	0.89x	1.03x	0.89x	1.86x	1.86x	1.50x	1.49x	1.51x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	48.44M	328.87M	532.65M	831.16M	97.66M	91.99M	95.53M	84.99M
Long-Term Debt	0	254.17M	0	0	0	0	0	0
Capital Lease Obligations	0	73.11M	83.66M	95.39M	88.92M	83.67M	81.5M	74.05M
Deferred Tax Liabilities	0	254.17M	0	0	0	0	0	0
Other Non-Current Liabilities	2.36M	384K	444.6M	729.39M	4.72M	3.05M	6.33M	5.12M
Total Liabilities	150.88M	474.68M	757.42M	1.09B	501.37M	623.63M	737.96M	813.02M
Total Debt+	0	331.16M	83.66M	95.39M	96.76M	94.32M	93.92M	80.02M
Net Debt	0	231.64M	-34.8M	-284.51M	-489.35M	-202.39M	-263.87M	-357.7M
Debt / Equity	-	-	-	-	0.08x	0.08x	0.08x	0.06x
Debt / EBITDA	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-
Interest Coverage	-351.13x	-39.49x	-88.84x	-24.87x	-122.82x	-136.04x	-110.21x	-71.84x
Total Equity+	25.36M	-199.69M	-253.76M	-272.1M	1.19B	1.12B	1.16B	1.29B
Equity Growth %	-	-8.87%	-0.27%	-0.07%	5.37%	-0.06%	0.03%	0.11%
Book Value per Share	0.22	-1.79	-2.43	-2.31	8.87	8.18	8.14	8.74
Total Shareholders' Equity	25.36M	-199.69M	-253.76M	-272.1M	1.19B	1.12B	1.16B	1.29B
Common Stock	2K	2K	3K	3K	13K	14K	15K	15K
Retained Earnings	-161.05M	-217.72M	-300.82M	-397.05M	-662.21M	-949.14M	-1.14B	-1.24B
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	1K	-80K	20K	187K	-583K	-2.32M	-1.38M	-2.74M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.66M	-21.1M	-7M	21.85M	36.73M	12.61M	92.02M	196.17M
Operating CF Margin %	-0.22%	-0.11%	-0.02%	0.05%	0.07%	0.02%	0.1%	0.17%
Operating CF Growth %	-	0.14%	0.67%	4.12%	0.68%	-0.66%	6.3%	1.13%
Net Income	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Depreciation & Amortization	5.48M	8.25M	14.88M	25.99M	36.38M	63.04M	71.63M	89.75M
Stock-Based Compensation	3.43M	7.49M	19.24M	43.96M	227.16M	162.89M	174.84M	186.88M
Deferred Taxes	1.31M	182K	684K	-1.31M	-24.49M	-283K	-769K	-881K
Other Non-Cash Items	5.5M	7.21M	4.46M	46.74M	8.81M	12.22M	12.61M	2.14M
Working Capital Changes	15.15M	12.43M	36.84M	2.64M	53.95M	61.68M	23.41M	24.23M
Change in Receivables	-11.76M	-15.37M	-19.61M	-20.07M	-34.18M	-35.82M	-57.49M	-39.5M
Change in Inventory	-3.74M	-793K	1.45M	0	0	0	0	0
Change in Payables	2.91M	319K	805K	724K	3.95M	459K	-938K	19.73M
Cash from Investing+	-9.12M	-23.96M	-66.69M	-33.51M	-541.77M	-340.48M	-76.06M	-150.11M
Capital Expenditures	-9.12M	-21.83M	-27.99M	-18.97M	-27.63M	-49.43M	-10.32M	-19.14M
CapEx % of Revenue	0.08%	0.12%	0.1%	0.05%	0.05%	0.07%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	-4.3M	357K	-32.41M	-73.87M
Cash from Financing+	715K	78.15M	92.76M	272.12M	711.83M	38.65M	41.16M	36.24M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	0	-156K	-2.81M	-2.56M	5.12M	18.26M	0	-1.55M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-33.78M	-42.94M	-34.99M	2.89M	9.1M	-36.82M	47.01M	177.03M
FCF Margin %	-0.3%	-0.23%	-0.12%	0.01%	0.02%	-0.05%	0.05%	0.15%
FCF Growth %	-	-0.27%	0.18%	1.08%	2.15%	-5.05%	2.28%	2.77%
FCF per Share	-0.29	-0.38	-0.34	0.02	0.07	-0.27	0.33	1.20
FCF Conversion (FCF/Net Income)	0.44x	0.37x	0.08x	-0.23x	-0.14x	-0.04x	-0.49x	-1.85x
Interest Paid	13K	23K	149K	150K	186K	94K	4K	25K
Taxes Paid	8K	137K	310K	32K	419K	700K	859K	2.67M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-218.98%	-	-	-	-57.82%	-24.88%	-16.7%	-8.67%
Return on Invested Capital (ROIC)	-	-4997.85%	-	-	-299.25%	-26.99%	-17.91%	-11.23%
Gross Margin	77.41%	79.93%	81.62%	82.1%	80.9%	79.39%	81.64%	82.15%
Net Margin	-49.48%	-30.4%	-28.74%	-24.02%	-51.51%	-39.84%	-19.97%	-9.2%
Debt / Equity	-	-	-	-	0.08x	0.08x	0.08x	0.06x
Interest Coverage	-351.13x	-39.49x	-88.84x	-24.87x	-122.82x	-136.04x	-110.21x	-71.84x
FCF Conversion	0.44x	0.37x	0.08x	-0.23x	-0.14x	-0.04x	-0.49x	-1.85x
Revenue Growth	-	66.05%	55.15%	38.42%	28.61%	39.89%	31.91%	21.23%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	439.87M	616.65M	815.77M	981.87M
UNITED STATES Growth	-	40.19%	32.29%	20.36%
Non-US	-	-	134.24M	169.84M
Non-US Growth	-	-	-	26.52%
Non Us	74.95M	103.55M	-	-
Non Us Growth	-	38.16%	-	-

Frequently Asked Questions

Growth & Financials

Procore Technologies, Inc. (PCOR) reported $1.28B in revenue for fiscal year 2024. This represents a 1036% increase from $112.3M in 2017.

Procore Technologies, Inc. (PCOR) grew revenue by 21.2% over the past year. This is strong growth.

Procore Technologies, Inc. (PCOR) reported a net loss of $125.5M for fiscal year 2024.

Dividend & Returns

Procore Technologies, Inc. (PCOR) has a return on equity (ROE) of -8.7%. Negative ROE indicates the company is unprofitable.

Procore Technologies, Inc. (PCOR) generated $173.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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Procore Technologies, Inc. (PCOR) 10-Year Financial Performance & Capital Metrics

PCOR • • Industrial / General

TechnologyApplication SoftwareDesign & Engineering SoftwareInfrastructure Design

Revenue $1.15B +21.2%
EBITDA -$47M +67.6%
Net Income -$106M +44.1%
EPS (Diluted) -0.72 +46.3%
Gross Margin 82.15% +0.6%
EBITDA Margin -4.05% +73.3%
Operating Margin -11.85% +47.8%
Net Margin -9.2% +53.9%
ROE -8.67% +48.1%
ROIC -11.23% +37.3%
Debt/Equity 0.06 -23.6%
Interest Coverage -71.84 +34.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong Piotroski F-Score: 7/9
✓FCF machine: 15.4% free cash flow margin
✓Strong 5Y sales CAGR of 31.8%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y31.83%

3Y30.79%

TTM14.94%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-71.44%

EPS CAGR

10Y-

5Y-

3Y-

TTM-68.69%

ROCE

10Y Avg-33.2%

5Y Avg-19.23%

3Y Avg-17.07%

Latest-10.4%

Peer Comparison

Infrastructure Design

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
BSYBentley Systems, Incorporated	11.41B	39.07	54.26	10.15%	18.45%	22.53%	3.69%	1.37
PCORProcore Technologies, Inc.	11.02B	70.90	-98.47	21.23%	-9.84%	-10.25%	1.61%	0.06
CALXCalix, Inc.	3.91B	59.04	-131.20	-20.02%	-0.78%	-0.88%	1.29%	0.01

Profit & Loss

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	112.25M	186.4M	289.19M	400.29M	514.82M	720.2M	950.01M	1.15B
Revenue Growth %	-	0.66%	0.55%	0.38%	0.29%	0.4%	0.32%	0.21%
Cost of Goods Sold+	25.35M	37.4M	53.17M	71.66M	98.31M	148.42M	174.46M	205.61M
COGS % of Revenue	0.23%	0.2%	0.18%	0.18%	0.19%	0.21%	0.18%	0.18%
Gross Profit+	86.9M	149M	236.03M	328.63M	416.51M	571.79M	775.55M	946.1M
Gross Margin %	0.77%	0.8%	0.82%	0.82%	0.81%	0.79%	0.82%	0.82%
Gross Profit Growth %	-	0.71%	0.58%	0.39%	0.27%	0.37%	0.36%	0.22%
Operating Expenses+	142.03M	204.04M	318.65M	387.16M	702.44M	862.24M	991.23M	1.08B
OpEx % of Revenue	1.27%	1.09%	1.1%	0.97%	1.36%	1.2%	1.04%	0.94%
Selling, General & Admin	102.26M	148.09M	231.63M	262.5M	465.15M	591.26M	690.65M	769.53M
SG&A % of Revenue	0.91%	0.79%	0.8%	0.66%	0.9%	0.82%	0.73%	0.67%
Research & Development	39.76M	55.95M	87.02M	124.66M	237.29M	270.98M	300.57M	312.99M
R&D % of Revenue	0.35%	0.3%	0.3%	0.31%	0.46%	0.38%	0.32%	0.27%
Other Operating Expenses	0	0	0	0	0	0	0	0
Operating Income+	-55.13M	-55.04M	-82.62M	-58.53M	-285.93M	-290.45M	-215.68M	-136.42M
Operating Margin %	-0.49%	-0.3%	-0.29%	-0.15%	-0.56%	-0.4%	-0.23%	-0.12%
Operating Income Growth %	-	0%	-0.5%	0.29%	-3.89%	-0.02%	0.26%	0.37%
EBITDA+	-49.65M	-46.79M	-67.74M	-32.54M	-249.55M	-227.41M	-144.04M	-46.67M
EBITDA Margin %	-0.44%	-0.25%	-0.23%	-0.08%	-0.48%	-0.32%	-0.15%	-0.04%
EBITDA Growth %	-	0.06%	-0.45%	0.52%	-6.67%	0.09%	0.37%	0.68%
D&A (Non-Cash Add-back)	5.48M	8.25M	14.88M	25.99M	36.38M	63.04M	71.63M	89.75M
EBIT	-55.15M	-55.03M	-82.11M	-94.81M	-286.6M	-284.33M	-186.46M	-102.28M
Net Interest Income+	-157K	-1.39M	-930K	-2.06M	-2.15M	3.69M	17.82M	21.8M
Interest Income	0	0	0	293K	175K	5.83M	19.78M	23.69M
Interest Expense	157K	1.39M	930K	2.35M	2.33M	2.13M	1.96M	1.9M
Other Income/Expense	-174K	-1.38M	-412K	-38.63M	-3M	3.99M	27.26M	32.24M
Pretax Income+	-55.3M	-56.42M	-83.04M	-97.16M	-288.92M	-286.46M	-188.42M	-104.18M
Pretax Margin %	-0.49%	-0.3%	-0.29%	-0.24%	-0.56%	-0.4%	-0.2%	-0.09%
Income Tax+	238K	250K	71K	-993K	-23.76M	466K	1.27M	1.77M
Effective Tax Rate %	1%	1%	1%	0.99%	0.92%	1%	1.01%	1.02%
Net Income+	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Net Margin %	-0.49%	-0.3%	-0.29%	-0.24%	-0.52%	-0.4%	-0.2%	-0.09%
Net Income Growth %	-	-0.02%	-0.47%	-0.16%	-1.76%	-0.08%	0.34%	0.44%
Net Income (Continuing)	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Discontinued Operations	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.47	-0.51	-0.80	-0.82	-1.98	-2.10	-1.34	-0.72
EPS Growth %	-	-0.09%	-0.57%	-0.03%	-1.41%	-0.06%	0.36%	0.46%
EPS (Basic)	-0.47	-0.51	-0.80	-0.82	-1.98	-2.10	-1.34	-0.72
Diluted Shares Outstanding	117.73M	111.65M	104.33M	117.73M	134.05M	136.53M	141.96M	147.44M
Basic Shares Outstanding	117.73M	111.65M	104.33M	117.73M	134.05M	136.53M	141.96M	147.44M
Dividend Payout Ratio	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	90.95M	150.7M	201.07M	487.97M	752.29M	799.22M	955.73M	1.1B
Cash & Short-Term Investments	60.33M	94.85M	118.45M	379.91M	586.11M	582.21M	677.95M	775.39M
Cash Only	60.33M	94.85M	118.45M	379.91M	586.11M	296.71M	357.79M	437.72M
Short-Term Investments	0	0	0	0	0	285.49M	320.16M	337.67M
Accounts Receivable	0	45.23M	58.24M	77.69M	131.01M	172.28M	237.26M	280.39M
Days Sales Outstanding	-	88.57	73.51	70.84	92.88	87.31	91.16	88.86
Inventory	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-
Other Current Assets	0	5.55M	11.92M	13.6M	35.17M	44.73M	40.52M	44.09M
Total Non-Current Assets+	85.3M	124.3M	302.59M	332.8M	938.37M	941.19M	937.83M	1B
Property, Plant & Equipment	59.19M	91.71M	110.27M	122.12M	120.51M	118.15M	114.77M	104.11M
Fixed Asset Turnover	1.90x	2.03x	2.62x	3.28x	4.27x	6.10x	8.28x	11.06x
Goodwill	0	423K	114.53M	125.97M	540.92M	539.13M	539.35M	549.65M
Intangible Assets	5.13M	13.18M	50.78M	51.78M	229.04M	221.53M	220.59M	233.27M
Long-Term Investments	0	3.3M	0	0	3.1M	14.15M	11.53M	60.4M
Other Non-Current Assets	20.98M	18.98M	27.02M	32.94M	47.9M	62.38M	51.59M	54.07M
Total Assets+	176.24M	275M	503.66M	820.77M	1.69B	1.74B	1.89B	2.1B
Asset Turnover	0.64x	0.68x	0.57x	0.49x	0.30x	0.41x	0.50x	0.55x
Asset Growth %	-	0.56%	0.83%	0.63%	1.06%	0.03%	0.09%	0.11%
Total Current Liabilities+	102.44M	145.81M	224.77M	261.71M	403.7M	531.64M	642.43M	728.03M
Accounts Payable	7.33M	7.75M	9.44M	9.01M	15.49M	14.28M	13.18M	33.15M
Days Payables Outstanding	105.46	75.67	64.78	45.9	57.51	35.12	27.57	58.84
Short-Term Debt	0	3.88M	0	0	7.84M	10.65M	12.42M	5.97M
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	0	7.86M	23.81M	24.89M	23.14M	27.31M	30.48M	32.22M
Current Ratio	0.89x	1.03x	0.89x	1.86x	1.86x	1.50x	1.49x	1.51x
Quick Ratio	0.89x	1.03x	0.89x	1.86x	1.86x	1.50x	1.49x	1.51x
Cash Conversion Cycle	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	48.44M	328.87M	532.65M	831.16M	97.66M	91.99M	95.53M	84.99M
Long-Term Debt	0	254.17M	0	0	0	0	0	0
Capital Lease Obligations	0	73.11M	83.66M	95.39M	88.92M	83.67M	81.5M	74.05M
Deferred Tax Liabilities	0	254.17M	0	0	0	0	0	0
Other Non-Current Liabilities	2.36M	384K	444.6M	729.39M	4.72M	3.05M	6.33M	5.12M
Total Liabilities	150.88M	474.68M	757.42M	1.09B	501.37M	623.63M	737.96M	813.02M
Total Debt+	0	331.16M	83.66M	95.39M	96.76M	94.32M	93.92M	80.02M
Net Debt	0	231.64M	-34.8M	-284.51M	-489.35M	-202.39M	-263.87M	-357.7M
Debt / Equity	-	-	-	-	0.08x	0.08x	0.08x	0.06x
Debt / EBITDA	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-
Interest Coverage	-351.13x	-39.49x	-88.84x	-24.87x	-122.82x	-136.04x	-110.21x	-71.84x
Total Equity+	25.36M	-199.69M	-253.76M	-272.1M	1.19B	1.12B	1.16B	1.29B
Equity Growth %	-	-8.87%	-0.27%	-0.07%	5.37%	-0.06%	0.03%	0.11%
Book Value per Share	0.22	-1.79	-2.43	-2.31	8.87	8.18	8.14	8.74
Total Shareholders' Equity	25.36M	-199.69M	-253.76M	-272.1M	1.19B	1.12B	1.16B	1.29B
Common Stock	2K	2K	3K	3K	13K	14K	15K	15K
Retained Earnings	-161.05M	-217.72M	-300.82M	-397.05M	-662.21M	-949.14M	-1.14B	-1.24B
Treasury Stock	0	0	0	0	0	0	0	0
Accumulated OCI	1K	-80K	20K	187K	-583K	-2.32M	-1.38M	-2.74M
Minority Interest	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-24.66M	-21.1M	-7M	21.85M	36.73M	12.61M	92.02M	196.17M
Operating CF Margin %	-0.22%	-0.11%	-0.02%	0.05%	0.07%	0.02%	0.1%	0.17%
Operating CF Growth %	-	0.14%	0.67%	4.12%	0.68%	-0.66%	6.3%	1.13%
Net Income	-55.54M	-56.67M	-83.11M	-96.17M	-265.17M	-286.93M	-189.69M	-105.96M
Depreciation & Amortization	5.48M	8.25M	14.88M	25.99M	36.38M	63.04M	71.63M	89.75M
Stock-Based Compensation	3.43M	7.49M	19.24M	43.96M	227.16M	162.89M	174.84M	186.88M
Deferred Taxes	1.31M	182K	684K	-1.31M	-24.49M	-283K	-769K	-881K
Other Non-Cash Items	5.5M	7.21M	4.46M	46.74M	8.81M	12.22M	12.61M	2.14M
Working Capital Changes	15.15M	12.43M	36.84M	2.64M	53.95M	61.68M	23.41M	24.23M
Change in Receivables	-11.76M	-15.37M	-19.61M	-20.07M	-34.18M	-35.82M	-57.49M	-39.5M
Change in Inventory	-3.74M	-793K	1.45M	0	0	0	0	0
Change in Payables	2.91M	319K	805K	724K	3.95M	459K	-938K	19.73M
Cash from Investing+	-9.12M	-23.96M	-66.69M	-33.51M	-541.77M	-340.48M	-76.06M	-150.11M
Capital Expenditures	-9.12M	-21.83M	-27.99M	-18.97M	-27.63M	-49.43M	-10.32M	-19.14M
CapEx % of Revenue	0.08%	0.12%	0.1%	0.05%	0.05%	0.07%	0.01%	0.02%
Acquisitions	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-
Other Investing	0	0	0	0	-4.3M	357K	-32.41M	-73.87M
Cash from Financing+	715K	78.15M	92.76M	272.12M	711.83M	38.65M	41.16M	36.24M
Debt Issued (Net)	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-
Other Financing	0	-156K	-2.81M	-2.56M	5.12M	18.26M	0	-1.55M
Net Change in Cash	-	-	-	-	-	-	-	-
Free Cash Flow+	-33.78M	-42.94M	-34.99M	2.89M	9.1M	-36.82M	47.01M	177.03M
FCF Margin %	-0.3%	-0.23%	-0.12%	0.01%	0.02%	-0.05%	0.05%	0.15%
FCF Growth %	-	-0.27%	0.18%	1.08%	2.15%	-5.05%	2.28%	2.77%
FCF per Share	-0.29	-0.38	-0.34	0.02	0.07	-0.27	0.33	1.20
FCF Conversion (FCF/Net Income)	0.44x	0.37x	0.08x	-0.23x	-0.14x	-0.04x	-0.49x	-1.85x
Interest Paid	13K	23K	149K	150K	186K	94K	4K	25K
Taxes Paid	8K	137K	310K	32K	419K	700K	859K	2.67M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-218.98%	-	-	-	-57.82%	-24.88%	-16.7%	-8.67%
Return on Invested Capital (ROIC)	-	-4997.85%	-	-	-299.25%	-26.99%	-17.91%	-11.23%
Gross Margin	77.41%	79.93%	81.62%	82.1%	80.9%	79.39%	81.64%	82.15%
Net Margin	-49.48%	-30.4%	-28.74%	-24.02%	-51.51%	-39.84%	-19.97%	-9.2%
Debt / Equity	-	-	-	-	0.08x	0.08x	0.08x	0.06x
Interest Coverage	-351.13x	-39.49x	-88.84x	-24.87x	-122.82x	-136.04x	-110.21x	-71.84x
FCF Conversion	0.44x	0.37x	0.08x	-0.23x	-0.14x	-0.04x	-0.49x	-1.85x
Revenue Growth	-	66.05%	55.15%	38.42%	28.61%	39.89%	31.91%	21.23%

Revenue by Geography

	2021	2022	2023	2024
UNITED STATES	439.87M	616.65M	815.77M	981.87M
UNITED STATES Growth	-	40.19%	32.29%	20.36%
Non-US	-	-	134.24M	169.84M
Non-US Growth	-	-	-	26.52%
Non Us	74.95M	103.55M	-	-
Non Us Growth	-	38.16%	-	-

Frequently Asked Questions

Growth & Financials

Procore Technologies, Inc. (PCOR) reported $1.28B in revenue for fiscal year 2024. This represents a 1036% increase from $112.3M in 2017.

Procore Technologies, Inc. (PCOR) grew revenue by 21.2% over the past year. This is strong growth.

Procore Technologies, Inc. (PCOR) reported a net loss of $125.5M for fiscal year 2024.

Dividend & Returns

Procore Technologies, Inc. (PCOR) has a return on equity (ROE) of -8.7%. Negative ROE indicates the company is unprofitable.

Procore Technologies, Inc. (PCOR) generated $173.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.