Highest-materiality recent filing
Procore issues $950M 0% convertible notes due 2031; funds DroneDeploy acquisition and $175M buyback
Issued $950M aggregate principal of 0.00% Convertible Senior Notes due 2031; initial conversion price ~$82.89/share (50% premium over $55.26).
Procore acquires DroneDeploy for $845M cash to enhance AI and reality capture
Purchase price ~$845M cash, subject to adjustments; expected close by end of 2026.
Procore Q2 revenue $375M (+16% YoY); achieves GAAP operating profitability
Revenue $375M, up 16% YoY; GAAP gross margin 80%, non-GAAP 84%.
Procore Q1 revenue $359M (+16% YoY) beats guidance, raises full-year outlook
Revenue $359M (+16% YoY); GAAP op margin (4%), non-GAAP 17%; free cash flow $56M (+20% YoY).
Procore appoints AI professor Vishal Misra to Board of Directors; Board expands to 11
Appointed Dr. Vishal Misra as Class III director effective April 20, 2026; Board size increased from 10 to 11.
Rachel Pyles (ex-Ansys CFO) joins as CFO Designate effective March 10, 2026; becomes CFO and Treasurer April 1, 2026.
Procore Q4 revenue $349M (+16% YoY); record free cash flow $90M
Q4 revenue $349M (+16% YoY); full year 2025 revenue $1,323M (+15% YoY).
Procore CEO transition effective Nov 10; Courtemanche receives $3M PSU, $500K bonus
Craig Courtemanche resigned as President and CEO effective Nov 10, 2025, as part of planned CEO transition.
Procore Q3 revenue $339M (+15% YoY); CEO Tooey Courtemanche to be succeeded by Ajei Gopal
Revenue $339M (+15% YoY); GAAP gross margin 80%, non-GAAP 84%.
Dr. Ajei Gopal named CEO Designate effective Sept 22, 2025; will become President & CEO after Q3 2025 earnings (expected Nov 10, 2025).
Procore Q2 revenue $324M (+14% YoY); non-GAAP operating margin 13% and free cash inflow $11M
Revenue $324M, up 14% year-over-year.
Procore Q1 2025 revenue $311M (+15% YoY), positive free cash flow $47M
Revenue $311M, +15% YoY; GAAP gross margin 79%, non-GAAP 83%.
Procore CEO Tooey Courtemanche to step to Executive Chairman; successor search begins
Founder/CEO Tooey Courtemanche will become Executive Chairman once a successor is appointed.
Procore Q4 revenue $302M (+16% YoY); non-GAAP operating margin improves 800bp in FY24
Q4 revenue $302M (+16% YoY); full year revenue $1,152M (+21% YoY).
$300M stock repurchase authorization over 1 year; ~3% of market cap as of Nov 15, 2024.
Procore Q3 revenue $296M (+19% YoY); non-GAAP operating margin 9%
Revenue $296M, up 19% year-over-year.
Procore Q2 revenue $284M (+24% YoY); non-GAAP op margin 17.6%, a record
Revenue of $284M, up 24% year-over-year.
Procore Q1 revenue $269M (+26% YoY); non-GAAP operating margin 14%
Revenue of $269M, up 26% year-over-year.
Procore Q4 revenue $260M (+29% YoY), full year $950M (+32%), ARR surpasses $1B
Revenue $260M in Q4, up 29% YoY; full year revenue $950M, up 32%.
Procore Q3 revenue $248M (+33% YoY); returns to non-GAAP operating profitability
Revenue of $248M, up 33% YoY; GAAP gross margin 82%, non-GAAP 86%.
Procore Q2 revenue $229M (+33% YoY); GAAP op margin -26%, non-GAAP -1%
Revenue $229M, up 33% YoY; GAAP gross margin 81%, non-GAAP 85%.
Procore Q1 revenue $214M (+34% YoY); CFO transition to Howard Fu
Revenue $214M, up 34% YoY; GAAP gross margin 81%, non-GAAP 85%.
Procore Q4 rev $202M (+38% YoY); CFO Lyandres to transition to President of Fintech
Q4 revenue $202M (+38% YoY); full year $720M (+40% YoY); GAAP gross margin 80%, non-GAAP 84%.
Procore Q3 revenue $186M (+41% YoY); CRO Dennis Lyandres resigns as CRO
Revenue of $186M, up 41% YoY, including $8.5M from Levelset acquisition.
Procore Q2 revenue $172M (+40% YoY); non-GAAP gross margin 83%, operating margin (15%)
Revenue of $172M, up 40% YoY; includes $7M contribution from Levelset acquisition.
Procore Q1 revenue $160M (+40% YoY), GAAP net loss $0.44/sh, guides Q2 $162-164M
Revenue $160M, up 40% YoY, including $7M from Levelset acquisition.
Procore Q4 revenue $146M (+33% YoY); full year $515M (+29%)
Q4 GAAP gross margin 80%, non-GAAP 83%; GAAP operating margin (51%), non-GAAP (13%).
Procore Q3 revenue $132M (+30% YoY); non-GAAP op margin (4%) improves
Revenue of $132M, up 30% year-over-year; GAAP gross margin 83%, non-GAAP 84%.
Procore completes acquisition of Levelset for $500M to add lien management platform
Acquisition totaled ~$500M: $425M cash plus ~$75M in 810,169 shares of Procore common stock.
Procore lock-up expires Nov 8; IPO shares become eligible for sale
Lock-up expiration moved to Nov 8, 2021, from Nov 16 due to Q3 results release on Nov 4.
Procore to acquire Levelset for ~$500M to add lien management
Purchase price of ~$500M: $425M cash plus ~$75M in Procore common stock; closing expected Q4 2021.
Procore Q2 revenue $122.8M (+27% YoY); non-GAAP operating margin narrows to -4%
Revenue of $122.8M, up 27% year-over-year.
On March 10, 2025, Procore Technologies, Inc. (the “Company”) announced that its Founder, President and Chief Executive Officer, Tooey Courtemanche, intends to transition to Executive Chairman upon the appointment of a successor.
on May 8, 2023, Paul E. Lyandres transitioned from his position as Chief Financial Officer and Treasurer of the Company to a newly-established position as President of Fintech of the Company.
on May 8, 2023, Howard Fu, age 49, was appointed as Chief Financial Officer and Treasurer of the Company.
the Board approved the appointment of Howard Fu, age 49, to serve as Chief Financial Officer and Treasurer of the Company, effective concurrently with the transition of Mr. Lyandres on the Effective Date.
Effective as of October 31, 2022, Dennis Lyandres resigned from his position as Chief Revenue Officer of the Company and transitioned to a new position as Special Advisor to the CEO
On March 11, 2022, Patricia Wadors notified Procore Technologies, Inc. (the “Company”) of her resignation from her position as the Company’s Chief Talent Officer, effective April 1, 2022.
the Board appointed Erin Chapple to fill a vacancy on the Board, effective immediately.
Max materiality 0.85 · Median 0.65 · Most common event earnings