---
schema_version: "secwatch.filing_event.v1"
accession: "0001564590-23-002008"
form_type: "8-K"
ticker: "PCOR"
cik: "0001611052"
company_name: "PROCORE TECHNOLOGIES, INC."
filed_at: "2023-02-16T23:59:59+00:00"
generated_at: "2026-06-19T09:30:00.564531+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Procore Q4 rev $202M (+38% YoY); CFO Lyandres to transition to President of Fintech

## Summary
- Q4 revenue $202M (+38% YoY); full year $720M (+40% YoY); GAAP gross margin 80%, non-GAAP 84%.
- Q4 GAAP operating margin -37%, non-GAAP -8%; operating cash inflow $23M, free cash inflow $12M.
- Total RPO $798M (+32% YoY); short-term RPO +34% YoY, ~70% of total.
- CFO Paul Lyandres to become President of Fintech after Q1 2023 10-Q filing (~May 5); Howard Fu named new CFO.
- Levelset contributed $9M to Q4 revenue, $32M full year.

## SEC filing metadata
- accession: 0001564590-23-002008
- form_type: 8-K
- ticker: PCOR
- cik: 0001611052
- company_name: PROCORE TECHNOLOGIES, INC.
- filed_at: 2023-02-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/0001564590-23-002008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/pcor-8k_20230215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001564590-23-002008
- JSON: https://secwatch.observer/filing/0001564590-23-002008.json
- Plain text: https://secwatch.observer/filing/0001564590-23-002008.txt

## Key facts
- Earnings Releases
  PROCORE TECHNOLOGIES, INC. reported the fourth quarter ended December 31, 2022 results: revenue $202 million.
  - Period: the fourth quarter ended December 31, 2022
  - Revenue: $202 million
  - Result: reported results
  source text: Fourth Quarter 2022 Financial Highlights: • Revenue was $202 million, an increase of 38% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/0001564590-23-002008-index.htm
- Earnings Releases
  PROCORE TECHNOLOGIES, INC. reported the full year ended December 31, 2022 results: revenue $720 million.
  - Period: the full year ended December 31, 2022
  - Revenue: $720 million
  - Result: reported results
  source text: Full Year 2022 Financial Highlights: • Revenue was $720 million, an increase of 40% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/0001564590-23-002008-index.htm
- Executive change
  Howard Fu was appointed as Chief Financial Officer and Treasurer at PROCORE TECHNOLOGIES, INC..
  - Action: appointed
  - Role: Chief Financial Officer and Treasurer
  source text: the Board approved the appointment of Howard Fu, age 49, to serve as Chief Financial Officer and Treasurer of the Company, effective concurrently with the transition of Mr. Lyandres on the Effective Date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/0001564590-23-002008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.