secwatch.observer — SEC 8-K summary
======================================

Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0001564590-22-027756
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q2 revenue $172M (+40% YoY); non-GAAP gross margin 83%, operating margin (15%)
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022027756/0001564590-22-027756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000156459022027756/pcor-8k_20220803.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-027756

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer