Key Highlights

  • Shares closed at $60.59 at last closing, up 1.85%.
  • Second-quarter 2026 Revenue topped estimates, reportedly around $375 million.
  • The company posted its first GAAP profit with higher margins and lifted its outlook.
  • Procore provides a cloud-based construction-management platform serving owners, general contractors, and specialty contractors.

Procore Technologies (NYSE:PCOR) closed at $60.59 at last closing, up 1.85%, after posting its first GAAP profit alongside a revenue beat in its second-quarter 2026 results. Procore Technologies provides a cloud-based construction-management platform that helps owners, general contractors, and specialty contractors manage projects across the construction lifecycle.

Its subscription-based software aims to digitize and connect the traditionally fragmented construction industry, generating largely recurring revenue.

Latest Developments

In its second-quarter 2026 results, Procore topped estimates on revenue, reportedly around $375 million, lifted its outlook, and posted its first GAAP profit with higher margins. Investors should confirm the latest revenue growth, remaining performance obligations, net revenue retention, operating and free-cash-flow margins, and guidance directly from SEC filings.

Financial and Business Position

Procore's Investment case rests on durable, recurring subscription revenue, its Leadership in construction-management software, high customer retention, and its transition to sustained profitability, balanced against competition and the cyclicality of construction. Investors should watch revenue growth, net revenue retention, and the durability of its new profitability.

Stock-Market Context

PCOR shares closed at $60.59 at last closing, up 1.85%. The stock trades as a growth-oriented vertical-software company whose valuation reflects expectations for continued revenue growth and improving profitability.

What Investors Should Watch

Watch revenue growth, remaining performance obligations, net revenue retention, operating and free-cash-flow margins, the durability of profitability, and customer growth. Sustained revenue growth combined with high retention and continued Margin and profitability improvement would be the clearest signs of a positive surprise, while a deceleration in growth or a downturn in construction activity would be the main risks.