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Procore Technologies

End-to-end construction project management platform

Overview

Procore Technologies provides a cloud-based construction management platform for owners, general contractors, subcontractors, and public-sector teams to run projects more efficiently. The platform includes modules for prequalification, bid management and estimating, design coordination, quality and safety management, and BIM, spanning from preconstruction through closeout. Teams use a subscription to share project data—bids, contracts, drawings, submittals, RFIs, schedules, and quality checks—keeping field and office staff coordinated in real time. It differentiates itself with an integrated, all-in-one platform, a global footprint across 125 countries and 1,000,000+ projects, plus optional professional services to maximize use and outcomes; the goal is to help deliver projects on time and within budget through better visibility and accountability.

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About Procore Technologies

Simplify's Rating
Why Procore Technologies is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & ManufacturingEnterprise Software

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Carpinteria, CA

Founded

2003

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Simplify's take

What believers are saying

  • Q3 2026 organic revenue grew 17%, and Procore raised full-year guidance on November 4.
  • Large-deal execution drove bookings strength, supporting margin expansion toward 25% in fiscal 2027.
  • AI-native products like Procore AI Go can deepen usage and expand seat-level adoption.

What critics are saying

  • Trimble, Autodesk, and niche AI startups are attacking Procore’s highest-value workflows.
  • DroneDeploy’s $845 million acquisition expands Procore’s data moat, but integration execution matters by 2027.
  • If AI agents misroute submittals or logs, Procore’s system-of-record trust erodes fast.

What makes Procore Technologies unique

  • Procore owns construction workflow data across preconstruction, field execution, and asset handoff.
  • October 21, 2026 launches added voice-first AI, agentic APIs, and Meta glasses integration.
  • IBM Maximo collaboration extends Procore into owner operations, not just project delivery.

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Funding

Total Funding

$2B

Above

Industry Average

Funded Over

14 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison Coming Soon

Benefits

  • Hybrid Work Options
  • Professional Development Budget

Stock Price

Growth & Insights and Company News

6 month growth

-1%

1 year growth

-1%

2 year growth

0%
Yahoo Finance
Nov 11th, 2026
Procore buys DroneDeploy for $845M as organic revenue growth hits 17%

Procore's organic revenue growth accelerated to 17% year over year in the third quarter of 2026, the company said on its November 4, 2026 earnings call. The construction software maker (NYSE:PCOR) also raised its full-year guidance. It completed the $845 million cash acquisition of DroneDeploy, a visual intelligence platform that lets field teams verify project progress using site imagery. Procore also launched artificial intelligence (AI) tools, including digital co-workers that audit submittals. Chief financial officer Rachel Pyles said better execution on large deals was "the single biggest contributor to our booking strength." Procore expects a 25% non-GAAP operating margin for fiscal 2027.

CNBC
Nov 6th, 2026
Procore lifts 2026 revenue guidance $45M to $1.59B as Q3 revenue grows 19%

Procore beat the high end of its third-quarter revenue and margin guidance, with revenue up 19%. The construction software maker raised its full-year revenue guidance by $45 million to $1.59 billion. It also reaffirmed a 25% margin target for next year, 11 points above 2025. Chief executive officer Ajei Gopal called the results proof of an AI-native pivot. He said a reasoning engine routes each query to the cheapest capable model, so AI won't erode margins. Gopal rejected the "AI data center play" label. He said the business tracks total construction volume, where labour is the bottleneck.

FinancialContent
Nov 2nd, 2026
Procore Technologies (PCOR) to report earnings tomorrow: here is what to expect.

Procore Technologies (PCOR) to report earnings tomorrow: here is what to expect. November 01, 2026 at 22:19 PM EST i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. Construction management software provider Procore Technologies (NYSE: PCOR) will be reporting earnings this Tuesday after market close. Here's what you need to know. Procore Technologies beat analysts' revenue expectations last quarter, reporting revenues of $375.2 million, up 15.8% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' billings estimates and a solid beat of analysts' adjusted operating income estimates. This quarter, the market is expecting Procore Technologies's revenue to grow 13.3% year on year, slowing from the 14.5% increase it recorded in the same quarter last year. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Procore Technologies has a history of exceeding Wall Street's expectations. Looking at Procore Technologies's peers in the vertical software segment, some have already reported their Q3 results, giving Tamar Securities, LLC a hint as to what Tamar Securities, LLC can expect. Cadence Design Systems delivered year-on-year revenue growth of 22%, beating analysts' expectations by 1.1%, and Q2 Holdings reported revenues up 11.9%, topping estimates by 2%. Cadence Design Systems traded up 6.5% following the results while Q2 Holdings was down 3.9%. There has been positive sentiment among investors in the vertical software segment, with share prices up 5% on average over the last month. Procore Technologies is up 11.1% during the same time and is heading into earnings with an average analyst price target of $69.64 (compared to the current share price of $60.22). WHILE YOU'RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You've probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE. Report this content If you believe this article contains misleading, harmful, or spam content, please let Tamar Securities, LLC know.

Yahoo Finance
Oct 24th, 2026
Procore stock up 16.6% to $62.26, but slim growth and operating losses raise risks

Procore Technologies has beaten the S&P 500 by 7.5% over the past six months, with its stock up 16.6% to $62.26. Solid quarterly results helped drive the gain. Still, analysts at StockStory are passing on the stock for now. Wall Street expects revenue to grow 13.4% over the next 12 months, down from a 26% annualised rate over the past five years. The company also has a history of operating losses. Its average GAAP operating margin over the last year was negative 4.9%, though it was profitable this quarter. The shares trade at 5.8 times forward price-to-sales. The analysts call that reasonable but see no big opportunity.

Stronghold Construction
Oct 23rd, 2026
Procore Groundbreak 2026: what an oklahoma GC brought home.

Procore Groundbreak 2026: what an oklahoma GC brought home. Stronghold was named a national finalist in Procore's 2026 Groundbreaker Awards. Here's what Stronghold Construction brought home from Orlando. In October, Stronghold traveled to Orlando for Procore Groundbreak 2026, Procore's annual construction technology conference. Stronghold Construction had two reasons to be there. Its team was a national finalist for Procore's Empowering the Industry Award, and President and COO Zach Simmons was on the program as a speaker. This year's theme was building and winning together in the AI era, and overall, it was an extremely positive week for its team. Here's what Stronghold Construction saw and what it means for the owners and trade partners Stronghold Construction work with. Key takeaways. * Stronghold was one of three national finalists for the Empowering the Industry Award. * Zach Simmons spoke on sovereign construction and team building on the Expo Hall Elevation Stage. * AI agents, Procore AI Go, and Procore's DroneDeploy acquisition led the conversation. * For owners, the biggest gains come from pairing better tools with early builder involvement. 2026 Groundbreaker Awards: A national finalist for community impact. Procore's Groundbreaker Awards recognize companies in three categories. The Empowering the Industry Award honors companies and projects that strengthen their communities through economic development and lasting local impact.

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