Procore completed the $845.0 million cash acquisition of DroneDeploy on September 9, 2026; quarterly revenue increased 19% year over year.
PCOR · Procore Technologies, Inc.
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Procore Technologies, Inc. reported third-quarter revenue of $402 million, up 19% year-over-year, and raised full-year 2026 revenue guidance to $1,557.0 million to $1,559.0 million. Non-GAAP operating margin guidance is 19.0% to 19.5%.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q3 FY26 earnings call · Nov 4, 2026TL;DR. Procore exceeded Q3 revenue and margin guidance, accelerated organic growth, raised FY26 revenue and margin guidance, reiterated 25% FY27 non-GAAP operating-margin guidance, maintained 95% gross revenue retention, launched its AI digital coworkers, and began integrating DroneDeploy. The company reported GAAP operating and net losses, faces DroneDeploy-related margin dilution and closing costs, and recorded significant stock-based compensation and acquisition-related expenses.
- + CRPO grew 22.6% year-over-year excluding DroneDeploy, accelerating by approximately 70 basis points from Q2, and grew 28.9% including DroneDeploy.
- + Free cash flow was $73 million, or $92 million and a 23% margin excluding approximately $19 million of one-time DroneDeploy closing costs.
- + The board authorized a new $300 million share-repurchase program.
- − DroneDeploy closing costs create an approximately $23 million, or 150-basis-point, reported free-cash-flow-margin headwind for FY26.
- − Q4 non-GAAP operating-margin guidance is 15.5% to 16%, including dilution from DroneDeploy.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Non-GAAP general and administrative non-GAAP | 40.51M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP general and administrative 56.34M
-14.21M Stock-based compensation expense
-315K Employer payroll tax on employee stock transactions
-1.3M Acquisition-related expenses
= Non-GAAP general and administrative 40.51M
|
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| Non-GAAP general and administrative as a percentage of revenue non-GAAP | 11% | the three months ended June 30, 2026 filing | — |
| Non-GAAP gross margin non-GAAP | 84% | the three months ended June 30, 2026 filing | — |
| Non-GAAP gross profit non-GAAP | 314.43M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Gross profit 299.8M
+6.2M Stock-based compensation expense
+8.31M Amortization of acquired technology intangible assets
+129K Employer payroll tax on employee stock transactions
= Non-GAAP gross profit 314.43M
|
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| Non-GAAP income from operations non-GAAP | $80.49M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP Income (loss) from operations 4.33M
+60.56M Stock-based compensation expense
+9.44M Amortization of acquired intangible assets
+1.7M Employer payroll tax on employee stock transactions
+4.47M Acquisition-related expenses
= Non-GAAP income from operations 80.49M
|
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| Non-GAAP operating margin non-GAAP | 21% | the three months ended June 30, 2026 filing | — |
| Non-GAAP research and development non-GAAP | 67.45M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP research and development 93.35M
-21.99M Stock-based compensation expense
-221K Amortization of acquired intangible assets
-687K Employer payroll tax on employee stock transactions
-3M Acquisition-related expenses
= Non-GAAP research and development 67.45M
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| Non-GAAP research and development as a percentage of revenue non-GAAP | 18% | the three months ended June 30, 2026 filing | — |
| Non-GAAP sales and marketing non-GAAP | 125.98M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP GAAP sales and marketing 145.79M
-18.16M Stock-based compensation expense
-905K Amortization of acquired intangible assets
-572K Employer payroll tax on employee stock transactions
-166K Acquisition-related expenses
= Non-GAAP sales and marketing 125.98M
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| Non-GAAP sales and marketing as a percentage of revenue non-GAAP | 34% | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Software - Application — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
PCOR
this stock
Procore Technologies, Inc.
|
$11.61B | +6.7% | +14.8% | — | 12.6% |
|
SAP
Sap SE
|
$271.12B | -3.3% | — | — | 0.2% |
|
QH
QUHUO Ltd
|
$268.05B | +181.9% | +59.7% | — | 0.0% |
|
SHOP
Shopify Inc.
|
$189.23B | -8.6% | +30.1% | 89.2 | 1.5% |
|
CRM
Salesforce, Inc.
|
$179.28B | -17.8% | +25.9% | 19.9 | 3.2% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 5, 2026
- This year
- 18
Procore completed the $845.0 million cash acquisition of DroneDeploy on September 9, 2026; quarterly revenue increased 19% year over year.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| PCOR | +3.0% | +36.2% | +63.2% | +26.5% | +6.7% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.5% | +37.4% | +62.7% | +26.6% | -3.9% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.