secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001611052-23-000011
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q3 revenue $248M (+33% YoY); returns to non-GAAP operating profitability
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- Revenue of $248M, up 33% YoY; GAAP gross margin 82%, non-GAAP 86%.
- GAAP operating margin (20%); non-GAAP operating margin 3%, marking return to profitability.
- Operating cash inflow $34M; free cash inflow $22M for Q3 2023.
- CEO cites challenging demand environment but highlights platform innovations and efficiency gains.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000161105223000011/0001611052-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000161105223000011/pcor-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001611052-23-000011

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