PCOR - Procore Technologies, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$67.40
DETAILS
HIGH:
$80.00
LOW:
$55.00
MEDIAN:
$67.50
CONSENSUS:
$67.40
UPSIDE:
43.86%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 1,322.5 | 1,151.7 | 950.0 | 720.2 | 514.8 | 400.3 | 289.2 | 186.4 | 112.3 |
| Cost of Revenue | 285.2 | 205.6 | 174.5 | 148.4 | 98.3 | 71.7 | 53.2 | 37.4 | 25.4 |
| Gross Profit | 1,037.3 | 946.1 | 775.5 | 571.8 | 416.5 | 328.6 | 236.0 | 149.0 | 86.9 |
| Operating Expenses | |||||||||
| R&D Expenses | 356.6 | 313.0 | 300.6 | 271.0 | 237.3 | 124.7 | 87.0 | 56.0 | 39.8 |
| SG&A Expenses | 813.6 | 769.5 | 690.7 | 591.3 | 465.1 | 262.5 | 231.6 | 148.1 | 102.3 |
| Other Expenses | (15.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,155.1 | 1,082.5 | 991.2 | 862.2 | 702.4 | 387.2 | 318.7 | 204.0 | 142.0 |
| Operating Income | |||||||||
| Operating Income | (117.8) | (136.4) | (215.7) | (290.5) | (285.9) | (58.5) | (82.6) | (55.0) | (55.1) |
| Interest Expense | 1.2 | 1.9 | 2.0 | 2.1 | 2.3 | 2.4 | 0.9 | 1.4 | 0.2 |
| Interest Income | 29.2 | 23.7 | 19.8 | 5.8 | 0.2 | 0.3 | 0 | 0 | 0 |
| Profitability | |||||||||
| EBITDA | 17.7 | (12.5) | (114.8) | (221.3) | (250.2) | (68.8) | (67.2) | (46.8) | (49.7) |
| EBIT | (92.8) | (102.3) | (186.5) | (284.3) | (286.6) | (94.8) | (82.1) | (55.0) | (55.1) |
| Income Before Tax | (94.0) | (104.2) | (188.4) | (286.5) | (288.9) | (97.2) | (83.0) | (56.4) | (55.3) |
| Income Tax Expense | 6.8 | 1.8 | 1.3 | 0.5 | (23.8) | (1.0) | 0.1 | 0.2 | 0.2 |
| Net Income | (100.8) | (106.0) | (189.7) | (286.9) | (265.2) | (96.2) | (83.1) | (56.7) | (55.5) |
| Per Share Data | |||||||||
| EPS (Basic) | -0.67 | -0.72 | -1.34 | -2.10 | -1.98 | -0.82 | -0.80 | -0.51 | -0.47 |
| EPS (Diluted) | -0.67 | -0.72 | -1.34 | -2.10 | -1.98 | -0.82 | -0.80 | -0.51 | -0.47 |
| Shares Outstanding | 150.2 | 147.4 | 142.0 | 136.5 | 134.0 | 117.7 | 104.3 | 111.7 | 117.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 480.7 | 437.7 | 357.8 | 296.7 | 586.1 | 379.9 | 118.5 | 94.9 | 60.3 |
| Short-Term Investments | 287.8 | 337.7 | 320.2 | 285.5 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 343.2 | 280.4 | 237.3 | 172.3 | 131.0 | 77.7 | 58.2 | 45.2 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 55.2 | 44.1 | 40.5 | 44.7 | 35.2 | 13.6 | 11.9 | 5.6 | 0 |
| Total Current Assets | 1,166.8 | 1,099.9 | 955.7 | 799.2 | 752.3 | 488.0 | 201.1 | 150.7 | 90.9 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 246.5 | 104.1 | 114.8 | 118.2 | 120.5 | 122.1 | 110.3 | 91.7 | 59.2 |
| Goodwill | 574.1 | 549.7 | 539.4 | 539.1 | 540.9 | 126.0 | 114.5 | 0.4 | 0 |
| Intangible Assets | 105.4 | 233.3 | 220.6 | 221.5 | 229.0 | 51.8 | 50.8 | 13.2 | 5.1 |
| Long-Term Investments | 42.5 | 60.4 | 11.5 | 14.1 | 3.1 | 0 | 0 | 3.3 | 0 |
| Other Non-Current Assets | 103.8 | 54.1 | 51.6 | 62.4 | 47.9 | 32.9 | 27.0 | 19.0 | 21.0 |
| Total Non-Current Assets | 1,072.2 | 1,001.5 | 937.8 | 941.2 | 938.4 | 332.8 | 302.6 | 124.3 | 85.3 |
| Total Assets | 2,239.1 | 2,101.4 | 1,893.6 | 1,740.4 | 1,690.7 | 820.8 | 503.7 | 275.0 | 176.2 |
| Current Liabilities | |||||||||
| Account Payables | 25.2 | 33.1 | 13.2 | 14.3 | 15.5 | 9.0 | 9.4 | 7.8 | 7.3 |
| Short-Term Debt | 0 | 6.0 | 12.4 | 10.7 | 7.8 | 0 | 0 | 3.9 | 0 |
| Deferred Revenue | 687.1 | 584.7 | 501.9 | 396.5 | 301.6 | 213.4 | 173.5 | 110.5 | 0 |
| Other Current Liabilities | 172.3 | 32.2 | 30.5 | 27.3 | 23.1 | 24.9 | 23.8 | 7.9 | 0 |
| Total Current Liabilities | 884.6 | 728.0 | 642.4 | 531.6 | 403.7 | 261.7 | 224.8 | 145.8 | 102.4 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 45.9 | 0 | 0 | 0 | 0 | 0 | 0 | 254.2 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 254.2 | 0 |
| Other Non-Current Liabilities | (32.1) | 5.1 | 6.3 | 3.0 | 4.7 | 729.4 | 444.6 | 0.4 | 2.4 |
| Total Non-Current Liabilities | 92.2 | 85.0 | 95.5 | 92.0 | 97.7 | 831.2 | 532.6 | 328.9 | 48.4 |
| Total Liabilities | 976.8 | 813.0 | 738.0 | 623.6 | 501.4 | 1,092.9 | 757.4 | 474.7 | 150.9 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (1,345.6) | (1,244.8) | (1,138.8) | (949.1) | (662.2) | (397.0) | (300.8) | (217.7) | (161.0) |
| Accumulated Other Comprehensive Income | (1.3) | (2.7) | (1.4) | (2.3) | (0.6) | 0.2 | 0.0 | (0.1) | 0.0 |
| Total Stockholders' Equity | 1,262.3 | 1,288.4 | 1,155.6 | 1,116.8 | 1,189.3 | (272.1) | (253.8) | (199.7) | 25.4 |
| Total Liabilities & Equity | 2,239.1 | 2,101.4 | 1,893.6 | 1,740.4 | 1,690.7 | 820.8 | 503.7 | 275.0 | 176.2 |
| Debt Metrics | |||||||||
| Total Debt | 118.3 | 80.0 | 93.9 | 94.3 | 96.8 | 95.4 | 83.7 | 331.2 | 0 |
| Net Debt | (362.4) | (357.7) | (263.9) | (202.4) | (489.3) | (284.5) | (34.8) | 231.6 | 0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (100.8) | (106.0) | (189.7) | (286.9) | (265.2) | (96.2) | (83.1) | (56.7) | (55.5) |
| Depreciation & Amortization | 110.6 | 89.8 | 71.6 | 63.0 | 36.4 | 26.0 | 14.9 | 8.3 | 5.5 |
| Stock-Based Compensation | 238.4 | 186.9 | 174.8 | 162.9 | 227.2 | 44.0 | 19.2 | 7.5 | 3.4 |
| Change in Working Capital | 58.5 | 24.2 | 23.4 | 61.7 | 53.9 | 2.6 | 36.8 | 12.4 | 15.2 |
| Other Non-Cash Items | (1.0) | 2.1 | 12.6 | 12.2 | 8.8 | 46.7 | 4.5 | 7.2 | 5.5 |
| Operating Cash Flow | 298.9 | 196.2 | 92.0 | 12.6 | 36.7 | 21.9 | (7.0) | (21.1) | (24.7) |
| Investing Activities | |||||||||
| Capital Expenditure | (83.8) | (19.1) | (45.0) | (49.4) | (27.6) | (19.0) | (28.0) | (21.8) | (9.1) |
| Acquisitions | (45.0) | (3.8) | (7.8) | (3.9) | (509.8) | (14.5) | (38.7) | (2.1) | 0 |
| Purchases of Investments | (353.6) | (493.8) | (403.2) | (373.2) | (4.3) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 411.9 | 440.5 | 377.7 | 85.6 | 4.3 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 0 | (73.9) | (32.4) | 0.4 | (4.3) | 0 | 0 | 0 | 0 |
| Investing Cash Flow | (70.5) | (150.1) | (76.1) | (340.5) | (541.8) | (33.5) | (66.7) | (24.0) | (9.1) |
| Financing Activities | |||||||||
| Net Debt Issuance | (1.6) | (2.0) | (1.9) | (1.7) | (1.5) | (1.3) | (1.1) | 0.3 | (0.3) |
| Stock Repurchased | (128.8) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (85.2) | (1.6) | 0 | 18.3 | 5.1 | (2.6) | (2.8) | (0.2) | 0 |
| Financing Cash Flow | (177.5) | 36.2 | 41.2 | 38.7 | 711.8 | 272.1 | 92.8 | 78.1 | 0.7 |
| Cash Position | |||||||||
| Net Change in Cash | 43.0 | 79.9 | 58.0 | (289.4) | 206.0 | 261.4 | 19.0 | 32.8 | (33.1) |
| Cash at Beginning | 437.7 | 357.8 | 299.8 | 589.2 | 383.3 | 121.8 | 102.8 | 70.0 | 103.1 |
| Cash at End | 480.7 | 437.7 | 357.8 | 299.8 | 589.2 | 383.3 | 121.8 | 102.8 | 70.0 |
| Free Cash Flow | 215.1 | 177.0 | 47.0 | (36.8) | 9.1 | 2.9 | (35.0) | (42.9) | (33.8) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1,322.5 | 1,151.7 | 950.0 | 720.2 | 514.8 | 400.3 | 289.2 | 186.4 | 112.3 |
| Gross Profit | 1,037.3 | 946.1 | 775.5 | 571.8 | 416.5 | 328.6 | 236.0 | 149.0 | 86.9 |
| Operating Income | (117.8) | (136.4) | (215.7) | (290.5) | (285.9) | (58.5) | (82.6) | (55.0) | (55.1) |
| Net Income | (100.8) | (106.0) | (189.7) | (286.9) | (265.2) | (96.2) | (83.1) | (56.7) | (55.5) |
| EPS (Diluted) | -0.67 | -0.72 | -1.34 | -2.10 | -1.98 | -0.82 | -0.80 | -0.51 | -0.47 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 480.7 | 437.7 | 357.8 | 296.7 | 586.1 | 379.9 | 118.5 | 94.9 | 60.3 |
| Total Assets | 2,239.1 | 2,101.4 | 1,893.6 | 1,740.4 | 1,690.7 | 820.8 | 503.7 | 275.0 | 176.2 |
| Total Debt | 118.3 | 80.0 | 93.9 | 94.3 | 96.8 | 95.4 | 83.7 | 331.2 | 0 |
| Stockholders' Equity | 1,262.3 | 1,288.4 | 1,155.6 | 1,116.8 | 1,189.3 | (272.1) | (253.8) | (199.7) | 25.4 |
| Cash Flow | |||||||||
| Operating Cash Flow | 298.9 | 196.2 | 92.0 | 12.6 | 36.7 | 21.9 | (7.0) | (21.1) | (24.7) |
| Capital Expenditure | (83.8) | (19.1) | (45.0) | (49.4) | (27.6) | (19.0) | (28.0) | (21.8) | (9.1) |
| Free Cash Flow | 215.1 | 177.0 | 47.0 | (36.8) | 9.1 | 2.9 | (35.0) | (42.9) | (33.8) |