Procore Technologies (NYSE:PCOR) Announces Quarterly Earnings Results

Procore Technologies (NYSE:PCOR) issued its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.06, FiscalAI reports. Procore Technologies had a negative net margin of 5.61% and a negative return on equity of 2.24%. The firm had revenue of $375.21 million during the quarter, compared to the consensus estimate of $365.82 million. During the same period last year, the business posted $0.35 earnings per share. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year.

Procore Technologies Price Performance

Shares of PCOR traded up $3.58 during mid-day trading on Thursday, reaching $53.74. The company had a trading volume of 3,314,228 shares, compared to its average volume of 2,671,228. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.12 and a current ratio of 1.12. Procore Technologies has a 1-year low of $38.03 and a 1-year high of $82.32. The company has a market capitalization of $8.11 billion, a price-to-earnings ratio of -105.65 and a beta of 0.75. The company’s 50 day simple moving average is $44.55 and its 200 day simple moving average is $52.02.

Procore Technologies News Summary

Here are the key news stories impacting Procore Technologies this week:

• Positive Sentiment: Q2 earnings and revenue beat expectations. Procore reported adjusted earnings of $0.47 per share, above the $0.41 consensus estimate, while revenue reached approximately $375.2 million, up 15.8% year over year and ahead of estimates. Procore Technologies Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Cash generation improved significantly. Operating cash flow rose 185% to $87.9 million, and cash and equivalents increased to $494.4 million. Gross profit also grew 17% to $299.8 million, supporting the view that Procore continues to have healthy underlying demand and margins. Procore Q2 2026 Earnings and Strong Cash Flow
• Positive Sentiment: DroneDeploy acquisition expands Procore’s technology platform. Procore agreed to acquire the robotics and visual-intelligence company for approximately $845 million in cash. DroneDeploy’s presence across more than 3 million jobsites could strengthen Procore’s AI capabilities and broaden its construction-management ecosystem. Procore to Acquire DroneDeploy
• Neutral Sentiment: Third-quarter guidance was broadly in line. Procore forecast revenue of $382 million to $384 million, compared with the $382.6 million analyst consensus. The absence of a clearly raised outlook may limit further upside, despite the quarterly beat. Procore Technologies Earnings Report
• Negative Sentiment: Profitability remains mixed and the acquisition carries execution risk. Operating income declined sharply from the prior year, while the all-cash DroneDeploy transaction will reduce Procore’s cash balance and must generate sufficient strategic benefits. Separately, reported insider activity showed selling without purchases over the past six months, a potential sentiment overhang. Procore Insider Trading and Q2 Results

Insider Activity

In related news, Chairman Craig F. Jr. Courtemanche sold 56,122 shares of the firm’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $43.90, for a total transaction of $2,463,755.80. Following the completion of the sale, the chairman owned 919,704 shares of the company’s stock, valued at $40,375,005.60. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Benjamin C. Singer sold 3,942 shares of Procore Technologies stock in a transaction on Friday, May 29th. The shares were sold at an average price of $50.00, for a total transaction of $197,100.00. Following the completion of the sale, the insider directly owned 96,723 shares of the company’s stock, valued at approximately $4,836,150. This trade represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 189,621 shares of company stock valued at $8,791,847 over the last quarter. 16.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Procore Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Vident Advisory LLC lifted its stake in Procore Technologies by 6.0% in the fourth quarter. Vident Advisory LLC now owns 3,860 shares of the company’s stock valued at $281,000 after purchasing an additional 219 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Procore Technologies by 3.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 7,312 shares of the company’s stock valued at $500,000 after buying an additional 269 shares in the last quarter. Vise Technologies Inc. increased its position in shares of Procore Technologies by 6.6% during the third quarter. Vise Technologies Inc. now owns 4,571 shares of the company’s stock valued at $333,000 after buying an additional 284 shares during the period. Inspire Investing LLC boosted its position in shares of Procore Technologies by 8.8% in the fourth quarter. Inspire Investing LLC now owns 4,470 shares of the company’s stock valued at $325,000 after acquiring an additional 362 shares during the period. Finally, Cresset Asset Management LLC grew its stake in Procore Technologies by 7.2% during the third quarter. Cresset Asset Management LLC now owns 5,526 shares of the company’s stock valued at $403,000 after acquiring an additional 369 shares in the last quarter. 81.10% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PCOR shares. Citizens Jmp upgraded Procore Technologies from a “market perform” rating to a “market outperform” rating and set a $71.00 price target for the company in a research note on Wednesday, April 29th. TD Cowen reduced their target price on shares of Procore Technologies from $70.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays decreased their price target on shares of Procore Technologies from $65.00 to $50.00 and set an “overweight” rating on the stock in a research note on Monday, July 13th. Wall Street Zen downgraded shares of Procore Technologies from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler decreased their target price on shares of Procore Technologies from $79.00 to $71.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $69.59.

About Procore Technologies

Procore Technologies, Inc engages in the provision of a cloud-based construction management platform and related software products in the United States and internationally. The company’s platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Execution, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office.