PROCORE TECHNOLOGIES, INC. — Form 8-K
Filed July 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 58/100
What the filing says
Procore reported Q2 2026 revenue of $375M (+16% YoY), GAAP operating income of $4.3M (1% margin), and non-GAAP operating margin of 21%. Free cash flow was $65M in Q2 (+507% YoY) and $121M for H1 2026. The company raised FY2026 guidance: revenue $1,510–$1,514M (14.5% growth), non-GAAP operating margin 18.5–19%, and FCF margin 19.5%; FY2027 non-GAAP operating margin guidance is 25%. Gross revenue retention was 95%; customers with >$100K ARR reached 2,871 (+14% YoY). Remaining performance obligations grew 24% YoY to $1.67B.
Why this rating
Milestone: first GAAP profitability and strong FCF inflection matter for a $8.2B SaaS company. Growth and margins solid but moderating (16% revenue growth is below historical rates). Not transformational, but validates business model maturation.
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