Procore Earnings Reports

Procore achieved a 16% year-over-year revenue increase in Q4 2024, reaching $302,048,000. However, the company reported a GAAP net loss of $62,291,000, compared to $29,519,000 in the same quarter last year. Non-GAAP EPS was $0.01, while GAAP EPS stood at $(0.42).

Procore Technologies reported a revenue of $296 million for Q3 2024, representing a 19% increase year-over-year. The company achieved a GAAP gross margin of 81% and a non-GAAP gross margin of 85%. Procore is focused on expanding operating margins and investing in long-term growth.

Procore announced its Q2 2024 financial results, reporting a revenue of $284 million, a 24% increase year-over-year, and a record operating margin. The company added 152 net new organic customers, ending the quarter with a total of 16,750 organic customers.

Procore Technologies reported a 26% year-over-year increase in revenue, reaching $269 million. The company achieved a GAAP gross margin of 83% and a non-GAAP gross margin of 86%. Operating cash inflow was $69 million, and free cash inflow was $58 million.

Procore announced its Q4 and Full Year 2023 financial results, with Q4 revenue reaching $260 million, a 29% increase year-over-year. The company's GAAP gross margin was 82%, and non-GAAP gross margin was 85%. Procore added 300 net new organic customers in the fourth quarter, bringing the total to 16,367.

Procore Technologies reported a 33% year-over-year increase in revenue, reaching $248 million for Q3 2023. The company added 363 net new organic customers, bringing the total to 16,067. Procore also achieved a gross revenue retention rate of 95% and made significant improvements to its efficiency profile, returning to non-GAAP operating profitability.

Procore Technologies, Inc. announced its second quarter 2023 financial results, demonstrating solid revenue growth of 33% year-over-year and improved operating leverage. The company added 615 net new organic customers, bringing the total to 15,704. Procore is focused on efficient growth and expects to reach positive and sustainable free cash flow this year.

Procore Technologies, Inc. announced financial results for the first quarter ended March 31, 2023, with revenue of $214 million, an increase of 34% year-over-year and free cash inflow for the first quarter was $19 million.

Procore Technologies reported a strong fourth quarter with revenue of $202 million, representing a 38% year-over-year increase. The company added 402 net new organic customers, ending the year with 14,488 organic customers. Paul Lyandres, CFO, will transition to President of Fintech, and Howard Fu will be promoted to CFO in early May.

Procore Technologies reported strong third-quarter results, with revenue reaching $186 million, a 41% increase year-over-year. The company added 683 net new organic customers, ending the quarter with 14,086 organic customers. While GAAP operating margin was (39%), non-GAAP operating margin improved to (7%).

Procore announced its Q2 2022 financial results, showcasing a 40% year-over-year increase in revenue, reaching $172 million. The company added 594 net new organic customers, bringing the total to 13,403. Procore also provided guidance for Q3 and full year 2022, projecting continued revenue growth.

Procore Technologies reported strong Q1 2022 results with revenue of $160 million, a 40% increase year-over-year, and added 616 net new organic customers.

Procore Technologies, Inc. announced financial results for the fourth quarter ended December 31, 2021, with revenue of $146 million, a 33% increase year-over-year. The company added 588 net new organic customers, ending with a total of 12,193 organic customers. The number of organic customers contributing more than $100,000 of annual recurring revenue totaled 1,111 as of December 31, 2021, an increase of 32% year-over-year.

Procore Technologies, Inc. announced its Q3 2021 financial results, reporting a 30% year-over-year revenue increase to $132 million. The company added 456 net new customers, bringing the total to 11,605. Procore also highlighted its recent acquisitions of Levelset and LaborChart, aimed at addressing payment and labor optimization challenges in the construction industry.

Procore Technologies reported strong second-quarter results, with revenue increasing by 27% year-over-year to $122.8 million. The company added 481 net new customers, bringing the total customer count to 11,149. Procore also completed its initial public offering and acquired INDUS.AI.