Reading PCOR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PCOR free→Reading PCOR? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track PCOR free→NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-06-15
Recent financial performance sits well below its industry cohort — worth keeping an eye on, though it has not freshly broken.
Recent financial performance is weak, and earnings quality cannot be assessed as the company was unprofitable over the past year. Management's recent track record has been fairly steady, while risk is elevated, and the sector backdrop is a tailwind. Peer multiples imply a price about 35% below where it trades (it looks expensive on this basis); the read is fair, but weakening. The outlook hinges on guidance changes from PCOR and the performance of sector bellwethers. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 5 valuation methods, at three horizons. Current price $42.39. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $42 PCOR trades at 29× p/e — 1.4× the 21× p/e peer median. The market is re-rating it beyond its own range; our $31 fair value is medium-confidence here. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The market is pricing in roughly 35% near-term growth, ahead of our forecast of about 19%. This describes what's priced in, not a forecast of the move.
Only a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated weak grew net income 63% of the time over the next year (vs 62% for the rest of the cohort, n=2777).
Over the trailing year it converted -4.03x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
Not enough signal yet.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $0.44 → $0.41 (-5.4% / 30d). 9 raised, 9 cut, 19 covering analysts.
0 upgrades, 0 downgrades / 30d. 73% of analysts rate Buy.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$220.
How much price usually moves either way.
On a bad day, this stock has moved -$528.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $4,698.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-15
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: A drop in sector revenue growth could impact Procore's performance. It would suggest a broader slowdown in demand.
Confirms:Sector revenue growth falls below its median in the next quarter.
Disproves:Sector revenue growth remains above its median.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for PCOR yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Results of Operations and Financial Condition. On May 5, 2026, Procore Technologies, Inc. (the “Company”) issued a press release announcing its results for the fiscal quarter ended March 31, 2026. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in each item of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
Looks more expensive than peers.
Self-history needs ~20 months of data.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Application Software.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
PCOR Procore Technologies Inc | Below typical Show detailsSector percentile: 25 of 100 | full | elevated |
ORCL Oracle Corporation | Typical Show detailsSector percentile: 67 of 100 | expensive | elevated |
PLTR Palantir Technologies | Above typical Show detailsSector percentile: 82 of 100 | expensive | elevated |
SAP SAP SE | — | — | elevated |
APP AppLovin | Typical Show detailsSector percentile: 60 of 100 | expensive | elevated |
Not investment advice. As of 2026-06-15.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-15.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Procore aims for revenue growth of 13.6% at the high end for fiscal year 2026.
Stated in 2 of last 2 quarters. Revenue grew from $302.048 million in 2024-Q4 to $359.283 million in 2026-Q1, indicating a positive trajectory towards the 13.6% growth target for 2026. Management's guidance suggests continued focus on achieving this growth.
“Revenue is expected to be in the range of $1,499 million to $1,503 million, representing year-over-year growth of 13.6% at the high end.”
“Revenue is expected to be in the range of $1,489 million to $1,494 million, representing year-over-year growth of 13%.”
Procore targets a non-GAAP operating margin of up to 18.5% for fiscal year 2026.
Stated in 2 of last 2 quarters. Operating income improved from -$66.244 million in 2024-Q4 to -$15.671 million in 2026-Q1, showing progress towards the 18.5% non-GAAP operating margin target. The trajectory indicates positive movement in cost management.
Procore aims to maintain a free cash flow margin of 19% for fiscal year 2026.
Stated in 2 of last 2 quarters. Cash from operating activities increased from $29.056 million in 2024-Q4 to $76.756 million in 2026-Q1, supporting the 19% free cash flow margin target. The financials indicate a strong cash flow position, aligning with management's guidance.
Why it matters: Earnings will show if the company can improve its weak revenue and profitability. Investors will focus on any signs of recovery.
Confirms one read:Earnings report shows revenue growth above 5% year over year.
Confirms the other:Earnings report shows revenue decline or flat growth year over year.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On April 20, 2026 (the “Effective Date”), the Board of Directors (the “Board”) of Procore Technologies, Inc. (the “Company”) increased the number of directors constituting the full Board from 10 to 11 and appointed Dr. Vishal Misra as a member of the Board, effective as of the Effective Date. Dr. Misra will serve as a Class III director until the C…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On March 10, 2026, the Board of Directors (the “Board”) of Procore Technologies, Inc. (the “Company”) unanimously appointed Rachel Pyles as Chief Financial Officer Designate (“CFO Designate”) of the Company and Robert Walter Hearn as Chief Revenue Officer Designate (“CRO Designate”) of the Company, each effective as of March 10, 2026 (the “Initial…
Results of Operations and Financial Condition. On February 12, 2026, Procore Technologies, Inc. (the “Company”) issued a press release announcing its results for the fiscal quarter and year ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information in each item of this Current Report on Form 8-K and the exhibit attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934,…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On December 8, 2025, Brian Feinstein notified Procore Technologies, Inc. (the “Company”) of his decision to voluntarily resign as a member of the Board of Directors (the “Board”) of the Company, effective as of December 9, 2025. Mr. Feinstein’s decision to resign was not the result of any disagreement with the Company, including on any matter relat…
“Non-GAAP operating margin is expected to be in the range of 18% to 18.5%.”
“Non-GAAP operating margin is expected to be in the range of 17.5% to 18%.”
“Free cash flow margin is expected to be 19%.”
“Free cash flow margin is expected to be 19%.”