secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001611052-24-000036
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000161105224000036/0001611052-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000161105224000036/pcor-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001611052-24-000036

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