---
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"
generated_at: "2026-06-12T13:42:53.279844+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Procore Q2 revenue $229M (+33% YoY); GAAP op margin -26%, non-GAAP -1%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611052-23-000004
- JSON: https://secwatch.observer/filing/0001611052-23-000004.json
- Plain text: https://secwatch.observer/filing/0001611052-23-000004.txt

## Key facts
- Earnings Releases
  PROCORE TECHNOLOGIES, INC. reported the second quarter ended June 30, 2023 results: revenue $229 million.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $229 million
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1611052/000161105223000004/0001611052-23-000004-index.htm

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