Procore Q1 revenue $269M (+26% YoY); non-GAAP operating margin 14%

PROCORE TECHNOLOGIES, INC.

2024-Q1 EPS reported -$0.08 revenue$269,428,000

Revenue of $269M, up 26% year-over-year.
GAAP gross margin 83%; non-GAAP gross margin 86%.
GAAP operating margin (7%); non-GAAP operating margin 14%.
Operating cash inflow $69M; free cash inflow $58M for Q1.

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 0.85

PROCORE TECHNOLOGIES, INC. reported fiscal quarter ended March 31, 2024 results: revenue $269 million.

Period: fiscal quarter ended March 31, 2024
Revenue: $269 million
Result: reported results

Exact text from the filing

focused on continuing to improve our operating leverage while executing on the long-term growth opportunity ahead of us.” First Quarter 2024 Financial Highlights: • Revenue was $269 million, an increase of 26% year-over-year. • GAAP gross margin was 83% and non-GAAP gross margin was 86%. • GAAP operating margin was (7%) and non-GAAP operating margin was 14%. •

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Source: SEC EDGAR

accession 0001628280-24-019598

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