earnings
confidence medium
sentiment positive
materiality 0.65
Procore Q2 revenue $172M (+40% YoY); non-GAAP gross margin 83%, operating margin (15%)
PROCORE TECHNOLOGIES, INC.
2022-Q2 EPS reported
-$1.07
revenue$331,721,000
- Revenue of $172M, up 40% YoY; includes $7M contribution from Levelset acquisition.
- GAAP gross margin 79%; non-GAAP gross margin 83%.
- GAAP operating margin (42%); non-GAAP operating margin (15%).
- Operating cash outflow $27M; free cash outflow $37M.
- CFO cites strength in backlog metrics and expansion momentum.