secwatch.observer — SEC 8-K summary
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Issuer:     PROCORE TECHNOLOGIES, INC. (PCOR)
CIK:        0001611052
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001628280-25-005393
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1611052/000162828025005393/0001628280-25-005393-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1611052/000162828025005393/pcor-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-005393

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