{"schema_version":"secwatch.filing_event.v1","accession":"0001611052-23-000004","form_type":"8-K","ticker":"PCOR","cik":"0001611052","company_name":"PROCORE TECHNOLOGIES, INC.","filed_at":"2023-08-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.550531+00:00","generated_at":"2026-06-12T13:42:53.279844+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Procore Q2 revenue $229M (+33% YoY); GAAP op margin -26%, non-GAAP -1%","bullets":["Revenue $229M, up 33% YoY; GAAP gross margin 81%, non-GAAP 85%.","GAAP operating margin (26%); non-GAAP operating margin (1%), near breakeven.","Operating cash outflow $12M; free cash outflow $24M.","CFO says on track to positive sustainable free cash flow in 2023.","CEO cites challenging demand environment but solid results."],"urls":{"canonical":"https://secwatch.observer/filing/0001611052-23-000004","json":"https://secwatch.observer/filing/0001611052-23-000004.json","markdown":"https://secwatch.observer/filing/0001611052-23-000004.md","text":"https://secwatch.observer/filing/0001611052-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1611052/000161105223000004/0001611052-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1611052/000161105223000004/pcor-20230802.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T13:42:53.279844+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"965ddb7b043f7cadafce4a611d441d5fd8664f64","claim":"PROCORE TECHNOLOGIES, INC. reported the second quarter ended June 30, 2023 results: revenue $229 million.","evidence_excerpt":"reach positive and sustainable free cash flow this year. We look forward to sharing more at our upcoming Investor Day.” Second Quarter 2023 Financial Highlights: • Revenue was $229 million, an increase of 33% year-over-year. • GAAP gross margin was 81% and non-GAAP gross margin was 85%. • GAAP operating margin was (26%) and non-GAAP operating margin was (1%). •","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1611052/000161105223000004/0001611052-23-000004-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter ended June 30, 2023"},{"label":"Revenue","value":"$229 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}