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Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides workforce management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Procore Technologies provides a cloud-based construction management platform that connects owners, contractors and subcontractors across project management, financials and field operations. Long-term growth drivers include construction industry digitalization, expansion of its product and partner ecosystem, international penetration and recurring subscription revenue, which may benefit from network effects and scale.
Material risks include intense competition from established and niche software players, dependence on construction activity and slow customer adoption, and execution risk in achieving sustained profitability.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Income before tax | -286.46M | -288.92M | -97.16M | -83.04M | -56.42M |
| Net income | -286.93M | -265.17M | -96.17M | -83.11M | -56.67M |
| Selling general administrative | 166.28M | 156.63M | 73.47M | 58.16M | 35.37M |
| Selling and marketing expenses | 424.98M | 308.51M | 189.03M | 173.47M | 112.72M |
| Gross profit | 571.79M | 416.51M | 328.63M | 236.03M | 149.00M |
| Reconciled depreciation | 63.04M | 36.38M | 25.99M | 14.88M | 8.25M |
| Ebit | -290.45M | -285.93M | -58.53M | -82.62M | -55.03M |
| Ebitda | -221.29M | -250.39M | -32.12M | -67.22M | -46.77M |
| Depreciation and amortization | 69.16M | 35.53M | 26.41M | 15.40M | 8.25M |
| Non operating income net other | 6.12M | -0.84M | - | - | - |
| Operating income | -290.45M | -285.93M | -58.53M | -82.62M | -55.04M |
| Other operating expenses | 1010.66M | 800.75M | 458.82M | 371.82M | 241.44M |
| Interest expense | 2.13M | 2.15M | 2.06M | 0.93M | 1.39M |
| Tax provision | 0.47M | -23.76M | -0.99M | 0.07M | 0.25M |
| Interest income | 7.86M | - | - | - | - |
| Net interest income | 5.73M | -2.15M | -2.06M | -0.93M | -1.39M |
| Income tax expense | 0.47M | -23.76M | -0.99M | 0.07M | 0.25M |
| Total revenue | 720.20M | 514.82M | 400.29M | 289.19M | 186.40M |
| Total operating expenses | 862.24M | 702.44M | 387.16M | 318.65M | 204.04M |
| Cost of revenue | 148.42M | 98.31M | 71.66M | 53.17M | 37.40M |
| Total other income expense net | 3.99M | -3.00M | -38.63M | -0.41M | 0.02M |
| Net income from continuing ops | -286.93M | -265.17M | -96.17M | -83.11M | -56.67M |
| Net income applicable to common shares | -286.93M | -265.17M | -99.19M | -83.11M | -56.67M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Total assets | 1740.41M | 1690.66M | 820.77M | 503.66M | 275.00M |
| Intangible assets | 221.53M | 229.04M | 51.78M | 50.78M | 13.18M |
| Other current assets | 44.73M | 35.17M | 16.77M | 12.46M | 5.95M |
| Total liab | 623.63M | 501.37M | 1092.87M | 757.42M | 474.68M |
| Total stockholder equity | 1116.78M | 1189.29M | -272.10M | -253.76M | -199.69M |
| Deferred long term liab | 5.28M | 25.89M | 24.45M | 21.68M | 14.30M |
| Other current liab | 120.82M | 20.75M | 10.77M | 8.63M | 7.22M |
| Common stock | 0.01M | 0.01M | 0.00M | 0.00M | 0.00M |
| Capital stock | 0.01M | 0.01M | 0.00M | 0.00M | 0.00M |
| Retained earnings | -949.14M | -662.21M | -397.05M | -300.82M | -217.72M |
| Other liab | 8.33M | 8.75M | 8.29M | 6.09M | 1.59M |
| Good will | 539.13M | 540.92M | 125.97M | 114.53M | 0.42M |
| Other assets | 51.34M | 47.90M | 32.94M | 27.02M | 18.98M |
| Cash | 296.71M | 586.11M | 379.91M | 118.45M | 94.85M |
| Total current liabilities | 531.64M | 403.70M | 261.71M | 224.77M | 145.81M |
| Current deferred revenue | 396.54M | 301.56M | 213.44M | 173.52M | 110.55M |
| Net debt | -213.05M | -497.19M | -284.51M | -34.80M | -21.74M |
| Short term debt | - | 65.91M | 28.49M | 33.19M | 20.29M |
| Short long term debt total | 83.67M | 88.92M | 95.39M | 83.66M | 73.11M |
| Other stockholder equity | 2068.22M | 161.41M | 124.75M | 47.04M | 18.11M |
| Property plant equipment | 39.19M | 120.51M | 122.12M | 110.27M | 91.71M |
| Total current assets | 799.22M | 752.29M | 487.97M | 201.07M | 150.70M |
| Net tangible assets | 356.12M | 419.33M | -449.85M | -419.06M | -213.29M |
| Short term investments | 285.49M | - | - | - | - |
| Net receivables | 148.68M | 113.98M | 77.69M | 58.24M | 36.23M |
| Inventory | 23.60M | 17.03M | 13.60M | 11.92M | 13.67M |
| Accounts payable | 14.28M | 15.49M | 9.01M | 9.44M | 7.75M |
| Accumulated other comprehensive income | -2.32M | -0.58M | 0.19M | 0.02M | -0.08M |
| Common stock total equity | 0.01M | 0.01M | 0.00M | 0.00M | 0.00M |
| Retained earnings total equity | -949.14M | -662.21M | - | - | - |
| Non currrent assets other | 62.38M | 47.90M | 32.94M | 27.02M | 18.98M |
| Non current assets total | 941.19M | 938.37M | 332.80M | 302.59M | 124.30M |
| Capital lease obligations | 83.67M | 88.92M | 95.39M | 83.66M | 73.11M |
| Breakdown | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 |
| Investments | -340.48M | -4.30M | -33.51M | -66.69M | -23.96M |
| Change to liabilities | 35.08M | 82.62M | 42.53M | 62.43M | 35.74M |
| Total cashflows from investing activities | -340.48M | -541.77M | -33.51M | -66.69M | -23.96M |
| Net borrowings | -1.71M | -1.51M | -1.34M | -1.13M | -1.13M |
| Total cash from financing activities | 38.65M | 711.83M | 272.12M | 92.76M | 78.15M |
| Change to operating activities | 0.01M | 5.58M | -19.83M | -5.93M | -7.94M |
| Net income | -286.93M | -265.17M | -96.17M | -83.11M | -56.67M |
| Change in cash | -289.40M | 205.96M | 261.43M | 19.01M | 32.80M |
| Begin period cash flow | 589.21M | 383.25M | 121.83M | 102.82M | 70.02M |
| End period cash flow | 299.82M | 589.21M | 383.25M | 121.83M | 102.82M |
| Total cash from operating activities | 12.61M | 36.73M | 21.85M | -7.00M | -21.10M |
| Issuance of capital stock | 0.00M | 665.13M | 177.92M | 90.00M | 74.84M |
| Depreciation | 63.04M | 36.38M | 25.99M | 14.88M | 8.25M |
| Other cashflows from investing activities | -41.12M | -525.09M | -4.80M | -4.80M | - |
| Change to inventory | - | 15.73M | -17.80M | 1.45M | -0.79M |
| Change to account receivables | -35.82M | -34.16M | -19.57M | -19.61M | -15.37M |
| Sale purchase of stock | 44.23M | 713.81M | - | - | - |
| Other cashflows from financing activities | 40.36M | 48.21M | 272.12M | 92.76M | 78.15M |
| Change to netincome | 166.66M | 211.48M | 88.89M | 24.34M | 14.89M |
| Capital expenditures | 49.43M | 27.63M | 18.97M | 27.99M | 21.83M |
| Change receivables | -35.82M | -34.16M | - | - | - |
| Cash flows other operating | 72.58M | 53.64M | - | - | - |
| Cash and cash equivalents changes | -289.22M | 206.79M | - | - | - |
| Change in working capital | 61.68M | 54.04M | 3.14M | 36.84M | 12.43M |
| Stock based compensation | 162.89M | 227.16M | 43.96M | 19.24M | 7.49M |
| Other non cash items | 12.22M | 8.81M | 46.24M | 4.46M | 7.21M |
| Free cash flow | -36.82M | 9.10M | 2.89M | -34.99M | -42.94M |
Sector: Technology Industry: Software - Application
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| PCOR Procore Technologies Inc |
-0.81 1.08% |
74.78 | - | 121.95 | 10.72 | 8.62 | 10.12 | -56.22 |
| SAP SAP SE ADR |
-10.57 4.34% |
232.96 | 28.16 | 22.42 | 6.52 | 4.85 | 5.60 | 16.61 |
| CRM Salesforce Inc |
-8.76 3.94% |
213.65 | 23.41 | 15.55 | 4.79 | 5.56 | 5.55 | 14.88 |
| SAPGF SAP SE |
-10.85 4.46% |
232.15 | 76.28 | 22.88 | 5.61 | 3.84 | 5.59 | 26.18 |
| SHOP Shopify Inc |
5.16 3.59% |
148.91 | 90.18 | 53.19 | 12.70 | 13.17 | 12.23 | 67.86 |
Procore Technologies, Inc. provides a cloud-based construction management platform and related software products in the United States and internationally. The company's platform enables owners, general and specialty contractors, architects, and engineers to collaborate on construction projects. It offers Preconstruction that facilitates collaboration between internal and external stakeholders during the planning, budgeting, estimating, bidding, and partner selection phase of a construction project; and Project Management, which enables real-time collaboration, information storage, design, BIM model clash detection, and regulation compliance for teams on the jobsite and in the back office. The company also provides workforce management that helps contractors to schedule, track, and forecast labor productivity, enhance time management, communication with workforces, and manage profitability on construction projects; and Financial Management, which provides customers with visibility into the financial health of their individual construction projects and portfolios, as well as facilitates untethered access to financial data, linking the field, and the office in real-time. It serves owners, general contractors, and specialty contractors operating in the commercial, residential, industrial, and infrastructure segments of the construction industry. The company allow users to access its products on computers, smartphones, and tablets through any web browser or from its mobile application available for iOS and Android platforms through its direct sales team. Procore Technologies, Inc. was incorporated in 2002 and is headquartered in Carpinteria, California.
6309 Carpinteria Avenue, Carpinteria, CA, United States, 93013
866 477 6267
3568
| Name | Title | Year Born |
|---|---|---|
| Mr. Craig F. Courtemanche Jr. | Founder, Chairman, CEO & Pres | 1968 |
| Mr. Paul E. Lyandres | CFO & Treasurer | 1991 |
| Mr. William Fred Fleming Jr. | SVP, Corp. Controller & Principal Accounting Officer | 1984 |
| Ms. Joy Driscoll Durling | Exec. VP, Chief Information & Data Officer | 1977 |
| Mr. Matthew Puljiz | VP of Investor Relations | NA |
| Mr. Benjamin C. Singer Esq. | Chief Legal Officer & Corp. Sec. | 1977 |
| Mr. Bill Crawford | Sr. VP & Global Head of Sales | NA |
| Ms. Olga Kibler | Chief People Officer | NA |
| Mr. Steven C. Zahm | Chief Culture Officer | 1964 |
| Mr. Wyatt Jenkins | Sr. VP of Product | NA |
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