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PCOR

PROCORE TECHNOLOGIES, INC.
7 filings tracked
technologycloud computingLARGE ($10B-200B)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Procore Technologies is demonstrating a successful transition toward operational efficiency, reporting a 16% year-over-year revenue increase to $359.3 million in the first quarter of 2026.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the top-line growth, Procore's financial health is clouded by rising operational costs and significant legal headwinds.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing reveals a company at a crossroads between aggressive scaling and fiscal maturity. While the growth in high-value customers and the expansion of RPO suggest strong market demand, the underlying net losses and the volatility of G&A expenses indicate that the path to GAAP profitability remains uneven. The acquisition of Datagrid highlights a clear bet on AI to drive the next leg of growth, but the success of this strategy depends on seamless integration and product adoption. Ultimately, investors are weighing the strength of Procore's 80% gross margins and high retention against the risks of a costly legal battle and a depleting cash reserve. The shift toward a general manager GTM model and a modest workforce reduction suggest a management team focused on efficiency, but the true test will be whether these operational tweaks can outpace the rising costs of customer acquisition and legal defense.

Selected Quarter

Core Takeaway

Procore is successfully improving its unit economics and RPO growth, but is simultaneously burning cash on buybacks and fighting a high-stakes legal battle.

Investor Lens

The trade-off is between impressive non-GAAP margin expansion and the risk of a material legal judgment or goodwill impairment.

Watch Next

The outcome of the Oracle trade-secret litigation and the revenue contribution from the Datagrid AI integration.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)+0.22Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%
bullishMay 6

Non-GAAP operating margin increased from 10% to 17% year-over-year.

margin expansion
70%
neutralMay 6

Executed $100 million in share repurchases during Q1 2026.

buyback
50%
bullishMay 6

Acquired Datagrid to accelerate agentic AI capabilities in construction.

acquisition
60%
bearishMay 6

Facing significant legal expenses and risks from Oracle trade-secret lawsuit.

regulatory action
40%

Filing History

10-QMay 6, 2026
Expand Sequence

The Q1 2026 filing reveals a company at a crossroads between aggressive scaling and fiscal maturity. While the growth in high-value customers and the expansion of RPO suggest strong market demand, the underlying net losses and the volatility of G&A expenses indicate that the path to GAAP profitability remains uneven. The acquisition of Datagrid highlights a clear bet on AI to drive the next leg of growth, but the success of this strategy depends on seamless integration and product adoption. Ultimately, investors are weighing the strength of Procore's 80% gross margins and high retention against the risks of a costly legal battle and a depleting cash reserve. The shift toward a general manager GTM model and a modest workforce reduction suggest a management team focused on efficiency, but the true test will be whether these operational tweaks can outpace the rising costs of customer acquisition and legal defense.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.