Procore Technologies, Inc. · NYSE:PCOR
Procore Technologies — Q3 2026 Earnings Presentation
20 slides from Procore Technologies's earnings presentation, Nov 4, 2026
Slide 1: Third Quarter Fiscal 2026 Earnings Investor Presentation
THIRD QUARTER | FISCAL 2026 EARNINGS Investor Presentation
Slide 2: Safe Harbor
Safe Harbor This presentation contains forward-looking statements about Procore Technologies, Inc. (“Procore”), which include, but are not limited to, statements about Procoreʼs financial and operating results and guidance (including, but are not limited to, expected GAAP and non-GAAP financial and
Slide 3: Q3 FY26 Highlights
Q3 FY26 Highlights $402M (2%) 23% $96M $73M GAAP Non-GAAP Q3 Revenue Operating Cash Flow Free Cash Flow Operating Margin Operating Margin +19% YoY +8% YoY +8% YoY +270 bps YoY +620 bps YoY 150M 152M 2,968 95% GAAP Basic Shares Non-GAAP Diluted $100k+ ARR Gross Revenue Outstanding Shares Outstanding
Slide 4: Revenue
Revenue In Millions, except percentages International Constant Currency YoY % Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 15% 15% 15% 19% 26%
Slide 5: ARR Composition
ARR Composition $100K + ARR Customers Stakeholder ARR Mix Note: Stakeholder ARR mix excludes customers acquired from business combinations that do not have standard Procore annual contracts.
Slide 6: Revenue Backlog
Revenue Backlog Remaining Performance Obligations Deferred Revenue Note: Reported cRPO continues to benefit from longer average contract duration, which increased in Q3'26. However, as our average contract duration continues to lengthen due to increased purchases of multi-year subscriptions, our cRP
Slide 7: Retention Rates
Retention Rates Gross Retention Rate Net Retention Rate Note: Refer to the Appendix for definitions of gross retention rate and net retention rate.
Slide 8: Margins
Margins Gross Margins Operating Margins
Slide 9: Cash Flow
Cash Flow Operating Cash Flow Free Cash Flow
Slide 10: Share Count & Stock Based Compensation
Share Count & Stock Based Compensation Diluted Weighted Shares Outstanding (QTD) SBC as % of Revenue Shares in Millions $’s in Millions Note: Our Q4ʼ25 SBC was impacted by a one-time charge of unvested equity related to our former CEO, who transitioned to the role of Chairman of the Board of Directo
Slide 11: Guidance Summary
Guidance Summary Q4‘26 FY'26 Total Revenue $420M - $422M $1,557M - $1,559 Revenue Growth % 20.3% to 20.9% YoY 17.7% to 17.9% YoY Non-GAAP Operating Margin % 15.5% - 16.0% 19.0% - 19.5% FCF Margin % N/A 18.0%* Reiterating FY27 Non-GAAP Operating Margin % guidance of 25% *Includes approximately $23 mi
Slide 12: Revenue Growth and Guidance Bridges
Revenue Growth and Guidance Bridges Q3'26 Revenue Bridge FY26 Revenue Guidance Bridge $s in Millions $s in Millions Note: A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of ex
Slide 13: Appendix
Appendix | PROCORE
Slide 14: Non-GAAP Reconciliation
Non-GAAP Reconciliation In addition to Procoreʼs GAAP results, Procore believes certain non-GAAP measures are useful in evaluating Procoreʼs operating performance. Procore uses this non-GAAP financial information, collectively, to evaluate its ongoing operations as well as for internal planning and
Slide 15: Definitions
Definitions CUSTOMER COUNT Customer count excludes customers acquired from business combinations that do not have standard Procore annual contracts. FREE CASH FLOW (FCF) Procore defines free cash flow as net cash provided by operating activities, less purchases of property and equipment and capitali
Slide 16: GAAP to Non-GAAP Reconciliation
GAAP to Non-GAAP Reconciliation FY'23 FY'24 FY'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 (dollars in thousands) Revenue $ 950,010 $ 1,151,708 $ 1,322,509 $ 338,841 $ 349,107 $ 359,283 $ 375,207 $ 402,313 Reconciliation of gross profit and gross margin to non-GAAP gross profit and non-GAAP gross margin: GAAP
Slide 17: GAAP to Non-GAAP Reconciliation (Cont.)
GAAP to Non-GAAP Reconciliation (Cont.) FY'23 FY'24 FY'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 (dollars in thousands) Revenue $ 950,010 $ 1,151,708 $ 1,322,509 $ 338,841 $ 349,107 $ 359,283 $ 375,207 $ 402,313 Reconciliation of operating expenses to non-GAAP operating expenses: GAAP sales and marketing $ 4
Slide 18: GAAP to Non-GAAP Reconciliation (Cont.)
GAAP to Non-GAAP Reconciliation (Cont.) FY'23 FY'24 FY'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 (dollars in thousands) Revenue $ 950,010 $ 1,151,708 $ 1,322,509 $ 338,841 $ 349,107 $ 359,283 $ 375,207 $ 402,313 Reconciliation of income (loss) from operations and operating margin to non-GAAP income from oper
Slide 19: GAAP to Non-GAAP Reconciliation (Cont.)
GAAP to Non-GAAP Reconciliation (Cont.) FY'23 FY'24 FY'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 (dollars in thousands, except share and per share amounts) Revenue $ 950,010 $ 1,151,708 $ 1,322,509 $ 338,841 $ 349,107 $ 359,283 $ 375,207 $ 402,313 Reconciliation of net income (loss) and net income (loss) per
Slide 20: Free Cash Flow Bridge
Free Cash Flow Bridge FY'23 FY'24 FY'25 Q3'25 Q4'25 Q1'26 Q2'26 Q3'26 (dollars in thousands) Revenue $ 950,010 $ 1,151,708 $ 1,322,509 $ 338,841 $ 349,107 $ 359,283 $ 375,207 $ 402,313 Computation of free cash flow and free cash flow margin: Net cash provided by operating activities 92,015 196,172 3