Procore Q4 revenue $302M (+16% YoY); non-GAAP operating margin improves 800bp in FY24

PROCORE TECHNOLOGIES, INC.

2024-FY EPS reported -$0.72 revenue$1,151,708,000

Q4 revenue $302M (+16% YoY); full year revenue $1,152M (+21% YoY).
GAAP gross margin 81% (Q4) and 82% (FY); non-GAAP gross margin 85% (Q4) and 86% (FY).
GAAP operating margin -22% (Q4) vs -12% (FY); non-GAAP operating margin -1% (Q4) vs 10% (FY).
Operating cash flow $29M (Q4) and $196M (FY); free cash flow $0.3M (Q4) and $128M (FY).
CEO says topline exceeded expectations; CFO expects Q4 margin not indicative of FY25.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.