Skip to content
Optionomics Free · No account needed

Earnings analysis · 10-Q

PCOR earnings analysis

Filed May 6, 2026 · Our reading of the company's report

The latest report

Procore Technologies, Inc. reported Q1 2026 results with a revenue of $359 million, a 16% increase from the previous year and significantly above expectations. EPS improved to a loss of $0.06, bettering estimates with…

Read full summary

Procore Technologies, Inc. reported Q1 2026 results with a revenue of $359 million, a 16% increase from the previous year and significantly above expectations. EPS improved to a loss of $0.06, bettering estimates with notable growth in cash flow and substantial customer retention efforts.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $20 Operating expenses $84 Left as operating profit $-4

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$-0.06

What stood out

  • Strong Revenue Growth

    Revenue for Q1 2026 was $359 million, up 16% year-over-year from $310.6 million.

  • Better-than-Expected EPS

    EPS loss narrowed to $0.06 from $0.22 in Q1 2025, beating estimates of a $0.28 loss.

  • Increased Free Cash Flow

    Free cash flow rose to $76.8 million, up from $66 million in Q1 2025.

  • Higher Gross Margin

    Gross margin improved to 80% from 79% year-over-year, indicating better efficiency.

  • Gained New Customers

    Total customers contributing over $100K ARR grew from 2,418 to 2,795, a 16% increase.

  • Continued Strong Cash Position

    Cash, cash equivalents, and marketable securities reached $591.5 million as of March 31, 2026.

What to watch

  • Accumulated Deficit

    The company reported an accumulated deficit of $1.4 billion, indicating ongoing financial pressures.

  • Legal Proceedings

    Ongoing legal challenges, including litigation with Oracle, could impact financial resources.

  • Dependence on Customer Retention

    Continued reliance on retaining high-value customers to maintain revenue growth amidst competitive pressures.

Management's outlook

Revenue guidance for full-year 2026 increased to $1.499 billion to $1.503 billion, reflecting confidence in sustained growth.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.