Procore Technologies, Inc.

PCORUS

Procore Technologies, Inc. delivers a comprehensive, cloud-based platform designed for construction management, along with accompanying software solutions, serving clients both in the United States and globally. This platform empowers a diverse range of stakeholders, including property owners, general and specialty contractors, architects, and engineers, to collaborate seamlessly throughout their construction projects. The company's offerings are structured into several key modules: Preconstruction: This module facilitates streamlined collaboration among internal and external parties during the initial project phases, such as planning, budgeting, estimating, bidding, and selecting partners. Project Management: It enables real-time teamwork, secure information storage, design coordination, BIM model clash detection, and regulatory compliance for both jobsite personnel and back-office teams. Resource Management: This tool assists contractors in scheduling, monitoring, and forecasting labor productivity, improving time management, enhancing workforce communication, and optimizing project profitability. Financial Management: It provides customers with detailed visibility into the fiscal health of individual construction projects and their entire portfolios, ensuring unfettered, real-time access to financial data that bridges the gap between field operations and the main office. Procore caters to a broad spectrum of clients, including owners, general contractors, and specialty contractors active across the commercial, residential, industrial, and infrastructure segments of the construction industry. Access to its products is primarily offered through subscriptions, facilitated by its direct sales team. Users can engage with the platform on computers, smartphones, and tablets via any web browser or through its dedicated mobile applications for iOS and Android devices. Procore Technologies, Inc. was founded in 2002 and is headquartered in Carpinteria, California.

Founded2002IPO year2021As of2026-08-04
Market Cap
$8.50B
Enterprise Value
$7.91B
EV / LTM Revenue
6.0x
EV / NTM Revenue
4.8x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
4.8x
Gross Profit
6.0x
EBITDA
11.4x
Classification
Sector
Application Software
Sub-sector
Vertical Applications
Listing
PCOR
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY40%32%21%15%14%14%
Revenue$515M$720M$950M$1.15B$1.32B$1.51B$1.72B
Gross Profit$417M$572M$776M$946M$1.05B
Gross Profit Margin80.9%79.4%81.6%82.1%79.3%
EBITDA($250M)($221M)($115M)($13M)$19M$641M$731M
EBITDA Margin-48.6%-30.7%-12.1%-1.1%1.4%42.4%42.4%
EBIT($286M)($290M)($216M)($136M)($122M)$529M$603M
Net Income($265M)($287M)($190M)($106M)($101M)$264M$374M
Free Cash Flow$6M($37M)$47M$128M$263M
FCF Margin1.1%-5.1%4.9%11.1%19.9%
Short-Term Debt$8M$11M$12M$6M$7M
Long-Term Debt$0M$0M$0M$0M$0M
Cash & Cash Equivalents$586M$297M$358M$438M$481M
Net Debt($578M)($286M)($345M)($432M)($474M)
Net Debt / EBITDA-25.1x
Rule of 4034.8%36.9%32.3%34.7%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.