Quarterly ResultJul 31, 2026, 05:26 PM
Procore Q2 Revenue $375.2M, Swings to Net Income of $16.9M
AI Summary
Procore Technologies reported strong financial results for Q2 2026, with revenue increasing by 15.8% to $375.2 million. The company swung to a net income of $16.9 million, or $0.11 per diluted share, compared to a net loss in the prior year. For the six months ended June 30, 2026, revenue grew to $734.5 million, and net cash provided by operating activities significantly increased to $164.6 million. Remaining performance obligations stood at $1.7 billion, with 64% expected to be recognized in the next 12 months.
Key Highlights
- Q2 2026 Revenue increased 15.8% to $375.2 million.
- Q2 2026 Net Income was $16.9 million, up from a $21.1 million net loss in Q2 2025.
- Q2 2026 Diluted EPS was $0.11, compared to $(0.14) in Q2 2025.
- Six-month 2026 Revenue grew 15.7% to $734.5 million.
- Six-month 2026 Net Cash from Operating Activities rose 69.9% to $164.6 million.
- Remaining Performance Obligations totaled $1.7 billion as of June 30, 2026.
- Cash and cash equivalents increased to $494.4 million.
Price Impact
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