secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001628280-24-044304
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Procore Q3 revenue $296M (+19% YoY); non-GAAP operating margin 9%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000162828024044304/0001628280-24-044304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000162828024044304/pcor-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044304

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