PROCORE TECHNOLOGIES, INC.

Procore Technologies reported a significant improvement in its financial performance for the first quarter of 2026, with revenue increasing by 15.7% year-over-year and net loss narrowing substantially. The company also completed the acquisition of Datagrid, a leader in agentic artificial intelligence, on January 16, 2026, expanding its platform capabilities. Operating cash flow saw a healthy increase, demonstrating improved operational efficiency.

Procore Technologies announced strong first quarter 2026 financial results, with revenue increasing 16% year-over-year to $359 million and non-GAAP diluted EPS reaching $0.34. The company exceeded its guidance and subsequently raised its full-year 2026 outlook for both revenue and non-GAAP operating margin. Key business highlights included a 95% gross revenue retention rate, a 20% increase in free cash inflow, and the repurchase of $100 million in common stock.

PROCORE TECHNOLOGIES, INC. reported strong 2025 financial results with $1.323 billion in revenue, a 15% year-over-year increase, and free cash flow growing 70% to $217 million. The company expanded its offerings through acquisitions of Novorender, FlyPaper, and Datagrid, and achieved FedRAMP Moderate Authorization for its government solution. Procore is leveraging its extensive construction data and AI to drive efficiency. The company also announced its Annual Meeting on June 4, 2026, to elect directors, ratify auditors, and vote on executive compensation.

Procore Technologies reported excellent 2025 annual results, with total revenue reaching $1.323 billion, a 15% year-over-year increase, and free cash flow growing 70% to $217 million. The company expanded its non-GAAP operating margin by 400 basis points to 14%. Strategic initiatives included acquisitions of Novorender, FlyPaper, and Datagrid to enhance BIM and AI capabilities, alongside achieving FedRAMP Moderate Authorization for its government solution. The company also announced its Annual Meeting on June 4, 2026, to elect directors, ratify the auditor, and hold an advisory vote on executive compensation.

Procore Technologies, Inc. announced that its Board of Directors increased its size from 10 to 11 members and appointed Dr. Vishal Misra as a new Class III director, effective April 20, 2026. Dr. Misra will also join the Audit Committee and has been deemed an independent director. He will receive standard non-employee director compensation.