PROCORE TECHNOLOGIES, INC. earnings

Procore reported second quarter fiscal 2026 revenue of $375.2 million, up 15.8% from the prior-year quarter. Gross profit was $299.8 million, up 17.0%, and GAAP gross margin was 79.9%, up 0.8 percentage points. Non-GAAP gross margin was 84%, and non-GAAP operating margin was 21%.

Procore reported first quarter fiscal 2026 revenue of $359.3 million, up 15.7% from the prior-year quarter. Gross profit was $287.8 million, and gross margin reached 80.1%, up 1.0 percentage point.

Procore closed fiscal 2025 with fourth-quarter revenue of $349.11 million, up 15.6% year over year, and full-year revenue of $1.32 billion, up 14.8%. Management traced roughly 49% of the full-year increase to existing customers and 51% to customers acquired during 2025.

Procore closed the third quarter of fiscal 2025 with revenue of $338.9 million, up 14.5% from $295.9 million a year earlier. Year-to-date revenue reached $973.4 million, up 14.6%. Management attributed about 77% of the quarterly increase to existing customers, with the rest from customers won during the quarter.

Procore reported revenue of $323.9 million for the second quarter of fiscal 2025, up 13.9% from $284.3 million in the prior-year quarter. Revenue for the first six months of the fiscal year reached $634.6 million, up 14.6%.

Procore Technologies started fiscal 2025 with double-digit top-line growth but wider losses. First-quarter revenue was $310.63 million, up 15.3% from $269.43 million in the prior-year quarter. Gross profit rose 9.8% to $245.71 million, yet gross margin slipped to 79.1% from 83.0%.

Procore Technologies reported fourth quarter revenue of $302.05 million, up 16.2% from the prior-year quarter. Gross profit was $245.21 million, up 15.6%. Gross margin slipped to 81.2%, down 0.4 percentage points.

Procore Technologies posted $295.9 million of revenue in the third quarter of fiscal 2024, up 19.4% from a year earlier, and year-to-date revenue of $849.7 million, up 23.1%. Gross profit was $240.9 million, up 18.2%, while gross margin eased to 81.4%, down 0.8 percentage points.

Procore reported revenue of $284.35 million for the quarter ended June 30, 2024, up 24.4% from the prior-year quarter. Gross profit rose 26.9% to $236.25 million and gross margin came in at 83.1%, up 1.6 percentage points from a year earlier.

Procore Technologies reported first quarter fiscal 2024 revenue of $269.4 million, up 26.2% year over year, and gross profit of $223.7 million, up 29.1%. Gross margin was 83.0%, up 1.9 percentage points.

Procore closed fiscal 2023 with $260.04 million in fourth-quarter revenue, an increase of 28.7% from the prior-year quarter. Full-year revenue reached $950.01 million, up 31.9%. Gross profit for the quarter was $212.21 million, up 31.4%.

Procore Technologies reported third quarter fiscal 2023 revenue of $247.9 million, up 33.0% from the prior-year quarter. Gross profit was $203.8 million, up 37.1%. GAAP gross margin was 82.2%, up 2.5 percentage points.

Procore closed the second quarter of fiscal 2023 with revenue of $228.5 million, up 32.7% from $172.2 million in the prior-year quarter. Year-to-date revenue reached $442.1 million, up 33.3% from $331.7 million.

Procore Technologies reported first quarter fiscal 2023 revenue of $213.5 million, up 33.9% from the prior-year quarter. Gross profit reached $173.3 million, up 37.4%, and gross margin improved to 81.2%, a 2.1 percentage point gain from the prior-year quarter.

Procore closed fiscal 2022 with fourth quarter revenue of $202.05 million, up 38.3% from the prior-year quarter, and full year revenue of $720.20 million, up 39.9%. Levelset contributed $9 million of revenue in the quarter and $32 million for the year, according to the release.

Procore reported fiscal 2022 third quarter revenue of $186.4 million, up 41.2% from the $132.0 million booked a year earlier. Levelset, acquired in November 2021, contributed $8.5 million of that total. Revenue for the first nine months of the fiscal year reached $518.2 million, up 40.5%. Customer additions held up.

Procore Technologies closed FY2022 Q2 with revenue of $172.2 million, up 40.2% from the prior-year quarter. The top line included a contribution from Levelset, the materials financing and lien rights business acquired in November 2021. Year-to-date revenue reached $331.7 million, up 40.1%.

Procore closed the first quarter of fiscal 2022, ended March 31, 2022, with revenue up 40% to $159.5 million and gross profit up 34.8% to $126.2 million. Growth came from expansion inside existing accounts, from customers signed over the past year, and from price increases.

Procore closed fiscal 2021 with fourth-quarter revenue of $146.1 million, up 33.4% from the prior-year quarter. Full-year revenue reached $514.8 million, up 28.6%. The company reported fourth-quarter GAAP gross margin of 79.6%, down 3.0 percentage points from the prior-year quarter.

Procore Technologies posted third quarter fiscal 2021 revenue of $131.99 million, up 29.5% from the prior-year quarter. Gross profit was $109.30 million, up 30.4%. Gross margin reached 82.8%, up 0.5 percentage points from the prior-year quarter.

Procore Technologies reported its first quarter as a public company with revenue of $122.8 million, up 27.2% from the prior-year quarter. Gross profit reached $97.3 million, up 22.4%, but gross margin slipped to 79.2%, down 3.1 percentage points.