Procore Q4 revenue $260M (+29% YoY), full year $950M (+32%), ARR surpasses $1B

PROCORE TECHNOLOGIES, INC.

2023-FY EPS reported -$1.34 revenue$950,010,000

Revenue $260M in Q4, up 29% YoY; full year revenue $950M, up 32%.
GAAP operating margin improved to (14%) in Q4 from (23%) full year; non-GAAP operating margin 7%.
Operating cash inflow $41M in Q4, free cash inflow $29M; full year operating cash $92M, free cash $47M.
Surpassed $1B in total annual recurring revenue (ARR) in 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PROCORE TECHNOLOGIES, INC. reported the fiscal quarter and year ended December 31, 2023 results: revenue $260 million.

Period: the fiscal quarter and year ended December 31, 2023
Revenue: $260 million
Result: preliminary results

Exact text from the filing

resulted in significant margin improvement in 2023, setting a strong foundation for our next phase of efficient growth.” Fourth Quarter 2023 Financial Highlights: • Revenue was $260 million, an increase of 29% year-over-year. • GAAP gross margin was 82% and non-GAAP gross margin was 85%. • GAAP operating margin was (14%) and non-GAAP operating margin was 7%. •

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PROCORE TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001611052-24-000036

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