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Procore PCOR

Procore scores average on business quality (4.9 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$56.21Oct 9, 2026
Business qualityAverage
Next earningsNov 4, 2026, after the close
Insiders, 90 daysSelling

Why it matters

  1. What Procore does

    Procore Technologies sells cloud-based construction management software to owners, general contractors, and specialty contractors, charging subscription fees to streamline project workflows. The company is scaling its platform adoption while attempting to cross into net profitability amidst ongoing operating losses.

  2. What it does best

    Procore delivers a top quartile gross margin of 80% through deep workflow integration across the construction job site. BSY matches a similar 82% gross margin, but Procore's network effect across contractors creates high switching costs that protect its market position.

  3. The main risk

    Negative operating income of -$39 million leaves the business vulnerable if macro pressures stall project starts and software seat expansions among general contractors.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityWeak

Operating margin sits at -3.6% alongside a -2.7% net margin, though a strong 42% free cash flow margin shows cash conversion is outpacing accounting earnings.

MoatFair

The platform locks in contractors and owners through job-site collaboration, supported by an 82nd percentile gross margin rank that highlights strong pricing power.

GrowthFast

Revenue grew to $1.4B, driven by a 14.8% top-line expansion rate that sits in the middle of the sector pack at the 59th percentile.

Financial healthWeak

Procore holds $768 million in cash against just $28 million in total debt. Free cash flow reached $280 million, pointing to improving cash generation despite bottom-line losses.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $590K outside pre-planned sales.

Our sealed record on PCOR

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is PCOR a good business?

Procore scores average on the Cluenex quality check (4.9 of 10), measured against its own industry. Profitability is weak, moat fair, growth fast and financial health weak.

Are insiders buying PCOR?

In the last 90 days of SEC Form 4 filings: 1 sold $590K outside pre-planned sales.

When does PCOR report earnings?

Nov 4, 2026, after the close.

For members

See PCOR today

  • Today's verdict on PCOR, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Procore (PCOR)”, https://cluenex.com/stocks/pcor/, data as of Oct 10, 2026.