---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015204"
form_type: "8-K"
ticker: "PCOR"
cik: "0001611052"
company_name: "PROCORE TECHNOLOGIES, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:07:03.385606+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Procore Q1 revenue $214M (+34% YoY); CFO transition to Howard Fu

## Summary
- Revenue $214M, up 34% YoY; GAAP gross margin 81%, non-GAAP 85%.
- GAAP operating margin (32%), non-GAAP operating margin (2%); operating cash inflow $29M, free cash inflow $19M.
- CFO Paul Lyandres becomes President of Fintech; Howard Fu assumes CFO role effective next week.

## SEC filing metadata
- accession: 0001628280-23-015204
- form_type: 8-K
- ticker: PCOR
- cik: 0001611052
- company_name: PROCORE TECHNOLOGIES, INC.
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1611052/000162828023015204/0001628280-23-015204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1611052/000162828023015204/pcor-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015204
- JSON: https://secwatch.observer/filing/0001628280-23-015204.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015204.txt

## Key facts
- Earnings Releases
  PROCORE TECHNOLOGIES, INC. reported the first quarter ended March 31, 2023 results: revenue $214 million.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $214 million
  - Result: reported results
  source text: Revenue was $214 million, an increase of 34% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1611052/000162828023015204/0001628280-23-015204-index.htm

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