PCOR
Procore Technologies, Inc.

Procore Technologies, Inc.PCOR

Technology · Software - Application
50.85USD
-1.63%
Sep 23, 2026
PCOR overview ready
Procore’s AI-Enhanced Platform Connects Construction Project Stakeholders Seamlessly
Procore is a construction-software pure play whose platform serves as a system of record and collaboration layer across the project lifecycle, with expanding AI-assisted workflows and owner-side capital-planning capabilities.
Narrative is still early
Exposed to the Construction Industry Digitalization narrative through Connected Construction Project Delivery Platforms — pure play.
Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably….
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Construction industry cyclicality impacting demand.
Market Sep 22Filing Jun 30Price action Sep 22Research Sep 2

Conviction Level

NarrativeHeat5.0ThemeHeat6.2PriceAction3.4Valuation4.8CompanyPosition7.3
Price
Loading price history…

Price Action

Price trend is broken
Longer-term context reads early recovery, with a near-term setup of failed reclaim.
The tactical setup reads failed reclaim, but the weekly structure is broken.
EntryWeak / unconfirmed recovery

The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.

Key Financials

Market Cap
$7.7B
Avg Volume (60D)
3.2M
60 sessions
Revenue Growth YoY
+14.8%
FY2025 vs FY2024
Gross Margin
+80.0%
Trailing twelve months
Operating Margin
-4.9%
Trailing twelve months
Free Cash Flow Yield
+4.5%
Distance from 200DMA
-9.0%
Next Earnings
2026-11-04
P/E
N/M
EV / EBITDA
149.6x
EV / Sales
5.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Dec 31, 2021

Fundamentals & Valuation

The available comparisons disagreed; the intrinsic comparison is the more reliable method for this business and the others are published as dissent.
Procore Technologies, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Procore is a construction-software pure play whose platform serves as a system of record and collaboration layer across the project lifecycle, with expanding AI-assisted workflows and owner-side capital-planning capabilities.
Opportunity
Moderate opportunity
Cloud platforms that connect owners, general contractors, specialty contractors, architects, and engineers across preconstruction, project execution, financial workflows, document control, and jobsite data management.
Key risk
Construction industry cyclicality impacting demand.

Narrative & Theme

Construction Industry Digitalization
Part of Connected Construction Project Delivery Platforms, with strong fit.
PCOR has a direct and credible fit with construction-industry digitization, a distinct narrative not represented in the promoted active narratives.
Narrative HeatNeutral5.0 / 10
Theme HeatNeutral6.2 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

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 on construction projects.

How it earns

The company generates revenue primarily through subscription-based access to its software platform and related services.

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

Procore is a leader in the construction management software market with a comprehensive cloud-based platform.

Demand drivers
Medium cyclicality

Demand is linked to construction activity, which is sensitive to economic cycles and capital spending trends.