PCOR
Procore Technologies, Inc.

Procore Technologies, Inc.PCOR

Technology · Software - Application
75.33USD
-0.36%
Nov 08, 2026
PCOR overview ready
Cloud Platform Connecting Construction Project Stakeholders and Workflows
Procore is a construction-industry software platform that connects project stakeholders and workflows across preconstruction, project execution, financial and quality/safety processes.
Primary theme is leading
Vertical Industry Software is leading (+24.6pp vs SPY over 21 sessions; 8 of 8 members ahead of SPY).
Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
Demanding valuation
Procore Technologies, Inc. carries a Expensive valuation stance that the scored components do not clearly support.
Unremarkable fundamentals
Primary risk
Construction industry cyclicality affecting software adoption.
Market Nov 6Filing Sep 30Price action Nov 7Research Oct 20

Conviction Level

PriceAction8.6BusinessPerformance7.0BusinessQuality4.9Valuation3.0ThemeMomentum9.0Improving — Revenue growth has accelerated across 4 consecutive quarters, rising from +16% to +19% year over year. The company is still loss-making: the diluted loss per share narrowed to -$0.03 from -$0.06 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+24.6pp
Theme return
+19.7%
Beating SPY
8 of 8
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
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Price Action

Advancing price action
Longer-term context reads early trend, with a near-term setup of daily advance.
EntryBreakout + retest

Price broke through the weekly SMA200, then retested it constructively and recovered — a fresh structural entry rather than a chase.

Key Financials

Market Cap
$11.3B
Avg Volume (60D)
3.2M
60 sessions
Revenue Growth YoY
+14.8%
FY2025 vs FY2024
Gross Margin
+80.1%
Trailing twelve months
Operating Margin
-4.1%
Trailing twelve months
Free Cash Flow Yield
+3.2%
Distance from 200DMA
+40.9%
P/E
N/M
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Improving

Revenue growth has accelerated across 4 consecutive quarters, rising from +16% to +19% year over year. The company is still loss-making: the diluted loss per share narrowed to -$0.03 from -$0.06 a year earlier.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+19%
$402M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +16%
  2. +16%
  3. +16%
  4. +19%
Earnings growthLoss narrowing
-$0.03
Diluted EPS -$0.03 vs -$0.06 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
-1.8%
+2.6 pp YoY · gross margin 80.4% (+0.7 pp)

Business Quality

4.9 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

One of the two valuation perspectives says expensive; intrinsic is the dissenting view.
Procore Technologies, Inc. carries a Expensive valuation stance that the scored components do not clearly support. Treat it as unresolved.

Company Research

Thesis
Procore is a construction-industry software platform that connects project stakeholders and workflows across preconstruction, project execution, financial and quality/safety processes.
Opportunity
Moderate opportunity
Construction owners, contractors, designers and trade partners are consolidating fragmented project information into connected systems of record, then applying automation and AI to project controls, document workflows, estimating, coordination and field execution.
Key risk
Construction industry cyclicality affecting software adoption.

Economic classification

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Business & Markets

Technology · Software - Application
What they do

Procore Technologies provides a cloud-based construction management platform that enables collaboration among owners, contractors, architects, and engineers across construction projects globally.

How it earns

The company primarily generates revenue through subscription-based licensing of its software platform.

Products & services
Preconstruction collaboration tools
Project Execution management platform
Customers & end markets
Construction owners
General and specialty contractors
Architects and engineers
Market position

Leader in construction-industry software platforms connecting project stakeholders and workflows.

Demand drivers
Medium cyclicality

Construction activity is sensitive to economic cycles, impacting demand for project management software.