earnings
confidence medium
sentiment positive
materiality 0.70
Procore Q3 revenue $296M (+19% YoY); non-GAAP operating margin 9%
PROCORE TECHNOLOGIES, INC.
2024-Q3 EPS reported
-$0.30
revenue$849,660,000
- Revenue $296M, up 19% year-over-year.
- GAAP gross margin 81%, non-GAAP gross margin 85%.
- GAAP operating margin (12%), non-GAAP operating margin 9%.
- Operating cash inflow $39M, free cash inflow $23M.
- CEO cites go-to-market progress; CFO expects 900bps FY24 margin expansion and further FY25 gains.