“Six Months Ended June 30, Change 2026 2025 Dollar Percent (dollars in thousands) General and administrative $ 125,050 $ 111,313 $ 13,737 12 % The increase in general and administrative expenses during the six months ended June 30, 2026 was primarily due to an…”10-Q · Jul 31, 2026 ↗
Procore Technologies, Inc.
PCOR
Market read
Procore Technologies, Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 15.7% versus the comparable filing period.
- Number of customers contributing >$100,000 ARR rose from 2,418 to 2,795 year-over-year, a 16% increase.
Invalidation: The isolated read changes if PCOR's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
- Revenue increased 15.7% versus the comparable filing period.
- The operating loss narrowed by 20.6M.
No thresholded adverse filing evidence is available yet.
- Number of customers contributing >$100,000 ARR rose from 2,418 to 2,795 year-over-year, a 16% increase.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Latest annual revenue changed +14.8% year over year.
- Operating margin changed +2.4 percentage points in the latest annual period.
- Net margin changed +1.6 percentage points in the latest annual period.
- Macroeconomic conditions has repeated favorable evidence across 4 filings.
- Product pipeline and R&D has repeated adverse evidence across 5 filings.
- Credit and interest rates has repeated adverse evidence across 3 filings.
No credible peer-relative valuation comparison is available yet.
Price as of Sep 10, 2026
53.22Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increases in research and development expenses were partially offset by a $4.0 million decrease in personnel-related expenses for salaries and wages.”10-Q · Jul 31, 2026 ↗
“Despite macroeconomic challenges, we have seen an increase in the number of customers that contributed more than $100,000 of annual recurring revenue (“ARR”), which increased from 2,517 as of June 30, 2025 to 2,871 as of June 30, 2026, reflecting a year-over-…”10-Q · Jul 31, 2026 ↗
“Interest Income, Interest Expense, Accretion Income, Net, Other Income, Net, and (Benefit from) Provision for Income Taxes Six Months Ended June 30, Change 2026 2025 Dollar Percent (dollars in thousands) Interest income $ 8,944 $ 11,012 $ (2,068) (19 %) Inter…”10-Q · Jul 31, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 6.0× · EV/sales 5.7×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for PCOR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-06 against the comparable filing from 2025-05-02.
What improved
- Revenue increased 15.7% versus the comparable filing period.
- The operating loss narrowed by 20.6M.
What weakened
No thresholded deterioration was identified.
Filing receipts
“The $0.4 million of net cash outflows provided as a result of changes in our operating assets and liabilities primarily reflected the following: • a $51.2 million decrease in accrued expenses and other liabilities primarily due to the size and timing of bonus and commission accruals and payouts, accrued ESPP contributions, payroll, and cash payments to our vendors; • a $33.6 million decrease in deferred revenue primarily due to timing of billings and seasonality; • a $10.7 million increase in prepaid expenses and other assets primarily due to timing of cash payments to our vendors; • a $6.9 million decrease in accounts payable primarily due to timing of cash payments to our vendors; and • a...”
“The $24.0 million of net cash inflows provided as a result of changes in our operating assets and liabilities primarily reflected an $86.3 million decrease in accounts receivable primarily due to timing of billings and cash receipts from customers, which was partially offset by the following: • a $26.6 million decrease in deferred revenue primarily due to timing of billings and seasonality; • a $11.1 million decrease in accounts payable primarily due to timing of cash payments to our vendors.”
“a $9.9 million decrease in accrued expenses and other liabilities primarily due to the size and timing of bonus and commission accruals and payouts, accrued ESPP contributions, payroll, and cash payments to our vendors; • a $7.5 million increase in prepaid expenses and other assets primarily due to timing of cash payments to our vendors; and • a $6.6 million increase in deferred contract cost assets related to commissions as a result of additional customer contracts closed and a higher capitalization rate during the period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind PCOR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
ADSKAutodesk, Inc.competitorMar 3, 2026 ▾
“Our primary global competitors include Adobe Systems Incorporated, Bentley Systems, Inc., Dassault Systèmes S.A.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
PCOR is currently a Follower in the organic co-movement group Software - Application. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.