secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001628280-24-034119
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q2 revenue $284M (+24% YoY); non-GAAP op margin 17.6%, a record
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- Revenue of $284M, up 24% year-over-year.
- GAAP gross margin 83%; non-GAAP gross margin 87%.
- GAAP operating margin (5%); non-GAAP operating margin 17.6%, a record high.
- Operating cash inflow $59M; free cash inflow $47M.
- CEO cites early stages of digitizing construction; CFO highlights improved operating leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000162828024034119/0001628280-24-034119-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000162828024034119/pcor-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034119

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