PROCORE TECHNOLOGIES, INC. — Form 8-K
Filed November 3, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Procore reported Q3 2026 revenue of $402M (+19% YoY, including $2M from DroneDeploy), non-GAAP operating margin of 23%, and free cash flow of $73M. The company acquired DroneDeploy for ~$949M (cash outflow in 9M 2026), adding 3D reality-capture and AI capabilities. Management raised full-year 2026 revenue guidance to $1,557–$1,559M (+17.7–17.9% YoY) and non-GAAP operating margin to 19.0–19.5%; raised FY 2027 non-GAAP operating margin guidance to 25%. Authorized a new $300M stock repurchase program (Oct 30, 2026, expiring Oct 30, 2027).
Why this rating
Solid organic growth (19% ex-acquisition), margin expansion, and raised guidance are substantive for an $8.2B company. DroneDeploy acquisition (~$950M, ~11.6% of market cap) is material but adds strategic AI/visual capability. Routine share buyback. No major headwind evident.
See more from November 3, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.