secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2022-02-22T23:59:59+00:00
Accession:  0001564590-22-005923
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q4 revenue $146M (+33% YoY); full year $515M (+29%)
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- Q4 GAAP gross margin 80%, non-GAAP 83%; GAAP operating margin (51%), non-GAAP (13%).
- Full year GAAP gross margin 81%, non-GAAP 84%; operating cash flow $37M, up 68% YoY.
- RPO reached $603M (+38% YoY) with short-term RPO ~70% of total, +35% YoY.
- Levelset contributed $4M to Q4 revenue; non-GAAP op margin included 130 bps headwind.
- Free cash outflow ($13M) in Q4; full year free cash flow positive at $9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022005923/0001564590-22-005923-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022005923/pcor-8k_20220222.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-005923

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