secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2023-02-16T23:59:59+00:00
Accession:  0001564590-23-002008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/0001564590-23-002008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000156459023002008/pcor-8k_20230215.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-002008

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