Procore Technologies, Inc
Procore Technologies is a U.S.-based software company focused on construction management. Its cloud platform connects owners, general contractors, subcontractors, and other project stakeholders through tools for project execution, financial management, resource coordination, and project lifecycle workflows.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueTools for daily construction project workflows, collaboration, and field coordination.
Financial controls, budgeting, invoicing, and payment workflows for projects.
Tools for labor, materials, and asset coordination across projects.
Platform capabilities that support planning, delivery, and handoff across the project lifecycle.
Third-party integrations, add-ons, and acquired capabilities that extend the core platform.
Customers
Procore sells primarily to construction industry participants that need a shared system of record for project information and workflows. Its customer base includes general contractors, subcontractors, owners, and other stakeholders that collaborate on the same project but may buy separate subscriptions. Larger customers and enterprise accounts are important because they typically use more modules and generate broader platform adoption.
Buy core project execution, financial management, and payment workflows to coordinate jobs and subcontractors.
Use the platform to receive information, submit documents, and manage job-specific workflows.
Use project visibility, financial tracking, and lifecycle tools to oversee delivery and budgets.
Adopt multiple modules and higher-value subscriptions across many projects and teams.
Use BIM, materials, and asset-management tools for complex project coordination.
Strategy
Procore’s strategy centers on expanding the breadth of its construction platform through new products, deeper workflow coverage, and acquisitions. It also aims to grow internationally and increase adoption among existing customers by adding modules, bundled packages, and adjacent capabilities such as BIM, materials management, and payments.
More workflows on one system increase customer stickiness and cross-sell potential.
Acquired products can fill functional gaps and speed product development.
Construction software adoption outside the U.S. remains a large growth opportunity.
Higher module adoption and larger accounts improve platform penetration.
Geography
Q1/2026Procore is headquartered in the United States, but it sells internationally through offices in Canada, Australia, England, Ireland, and the UAE. The company reports that non-U.S. revenue represented about 15% of total revenue in recent quarters, showing that the business remains primarily U.S.-weighted while expanding abroad.
Share of the revenue the company reports by geography.
Risks
Procore depends on continued customer acquisition, renewals, and successful expansion across a fragmented construction market. Key risks include execution risk in product development and acquisitions, AI adoption and compliance risk, international expansion complexity, and customer spending sensitivity in construction.
- Failure to manage rapid growthImpact: HighLikelihood: Medium
The business has expanded quickly and must scale sales, support, and product delivery without service degradation.
Exposure: Customer acquisition and retention
- AI product and compliance riskImpact: HighLikelihood: Medium
AI features must be integrated effectively and comply with evolving legal and contractual requirements.
Exposure: Product development and platform governance
- Acquisition integration riskImpact: MediumLikelihood: Medium
Tuck-in acquisitions must be integrated into the platform and go-to-market motion to create value.
Exposure: Product roadmap and operating execution
- International operating complexityImpact: MediumLikelihood: Low
Multi-country operations require support for languages, currencies, tax, and regulatory differences.
Exposure: Non-U.S. expansion
- Construction industry cyclicalityImpact: Medium
Customer budgets and project starts can slow in weaker construction environments.
Exposure: Demand and renewal activity
Accounting
Judgemental itemsRevenue depends on contract terms and service periods, which can shift quarterly timing.
Impact: Quarterly comparability and deferred revenue balances
Remaining performance obligations reflect contract timing and renewal patterns.
Impact: Visibility into future revenue
Purchased businesses and technologies create goodwill and intangible assets that may later be impaired.
Impact: Balance sheet valuation and future impairment risk
Office leases and hosting agreements create non-cancellable obligations.
Impact: Future cash outflows and fixed-cost commitments
Employee equity awards are a meaningful non-cash expense for software companies.
Impact: Reported operating expenses and dilution
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Last updated: 24/09/2026