---
schema_version: "secwatch.filing_event.v1"
accession: "0001611052-24-000036"
form_type: "8-K"
ticker: "PCOR"
cik: "0001611052"
company_name: "PROCORE TECHNOLOGIES, INC."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:16:29.535949+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001611052-24-000036
- form_type: 8-K
- ticker: PCOR
- cik: 0001611052
- company_name: PROCORE TECHNOLOGIES, INC.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611052/000161105224000036/0001611052-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611052/000161105224000036/pcor-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001611052-24-000036
- JSON: https://secwatch.observer/filing/0001611052-24-000036.json
- Plain text: https://secwatch.observer/filing/0001611052-24-000036.txt

## Key facts
- Earnings Releases
  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
  source text: 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%. •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611052/000161105224000036/0001611052-24-000036-index.htm

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