Reading the tape
NYSE: PCOR
Procore Technologies, Inc.
Technology · Software - Application
Market Cap
$8.25B
52w High
$82.32
52w Low
$46.08
P/E
-107.37
Volume
6.86M
Outstanding Shares
150.81M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionHigh confidence
1Y Price: -16.21%Revenue (TTM): 14.94%FCF (TTM): 108.29%P/FCF: 0th pct
What changed
The stock fell 16.21% over the last year. Revenue grew 14.94% over the trailing twelve months. Operating margin moved from -12.89% to -7.39%. Free cash flow grew 108.29% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently -7.39%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally.
CEOAjei S. Gopal
SectorTechnology
IndustrySoftware - Application
Employees4,203
IPO dateMay 20, 2021
Valuation
Forward P/E—
EV/EBITDA595.37
Enterprise value$10.57B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth15.66%
Gross margin79.6%▼4.52%vs FY2024
Operating margin-7.39%▲24.82%vs FY2024
ROE-7.98%▲2.92%vs FY2024
Analyst consensus
RatingBuy
Target price$67.67▲23.73%
17
Buy
7
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.36 · Revenue est $352.82M
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