Procore Q1 revenue $359M (+16% YoY) beats guidance, raises full-year outlook

PROCORE TECHNOLOGIES, INC.

2026-Q1 EPS reported -$0.06 revenue$359,283,000

Revenue $359M (+16% YoY); GAAP op margin (4%), non-GAAP 17%; free cash flow $56M (+20% YoY).
Q1 results exceeded high end of guidance; full-year outlook raised.
New CFO Rachel Pyles emphasizes focus on durable profitable growth and free cash flow per share.
GAAP gross margin 80%; non-GAAP gross margin 84%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PROCORE TECHNOLOGIES, INC. reported the fiscal quarter ended March 31, 2026 results: revenue $359 million. Guidance raised.

Period: the fiscal quarter ended March 31, 2026
Revenue: $359 million
Guidance: raised
Result: reported results

Exact text from the filing

to deliver durable and profitable growth to ultimately compound our north star metric: free cash flow per share.” First Quarter 2026 Financial Highlights: • Revenue was $359 million, an increase of 16% year-over-year. • GAAP gross margin was 80% and non-GAAP gross margin was 84%. • GAAP operating margin was (4%) and non-GAAP operating margin was 17%. •

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Source: SEC EDGAR

accession 0001628280-26-030125

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