Donovan Jones is an IPO research specialist with 15 years of experience analyzing investment opportunities for U.S. IPOs.He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates. Learn moreAnal ...

Procore Announces Chief Financial Officer and Chief Revenue Officer Leadership AppointmentsMar 10, 2026 5:00 PM Eastern Daylight Time# Procore Announces Chief Financial Officer and Chief Revenue Officer Leadership AppointmentsShare---Seasoned Leaders Rachel Pyles and Walt Hearn to Join as CFO and CRO, Respectively, to Drive the Next Phase of GrowthCompany Reaffirms Q1 and FY26 Financial GuidanceCARPINTERIA, Calif.--(BUSINESS WIRE)--Procore Technologies, Inc. (NYSE: PCOR), the leading global provider of cons ...

Core Thesis - Procore Technologies, Inc. is at a critical inflection point that investors are mispricing, presenting a compelling investment opportunity with substantial upside potential through 2027 [2] Valuation and Market Sentiment - The company's valuation has significantly compressed, with its EV/Sales multiple declining from approximately 20x to about 5x, despite improving fundamentals [2] - Broader SaaS multiple contraction and higher interest rates have negatively impacted sentiment towards construction-exposed software companies [2] Market Conditions and Strategic Transformation - Slowing commercial construction activity, indicated by weak Architecture Billings Index readings, has led the market to assume structurally impaired growth, although early indicators suggest project demand may be stabilizing [3] - Procore is executing a strategic transformation centered on Procore Helix, an AI-powered analytics and workflow engine aimed at evolving the platform into an autonomous construction intelligence layer [3] Technological Advancements - Procore Helix aims to automate complex tasks such as RFIs, scheduling risk analysis, and project coordination by embedding generative AI and proprietary construction data across its ecosystem [4] - Strategic acquisitions, including Novorender, FlyPaper, and Datagrid, enhance Procore's capabilities in real-time model processing and automated design coordination [4] Competitive Differentiation - Procore's competitive edge lies in its field-first data approach and construction-volume pricing model, which aligns customer growth with platform revenue while increasing switching costs and data capture [5] Future Growth Expectations - Although consensus forecasts predict modest growth, the thesis anticipates a reacceleration beginning in late 2026 driven by Helix commercialization, macro normalization, and effective leadership execution [6] - The company presents an attractive risk-reward profile, with significant upside potential if Helix adoption establishes a durable competitive moat and construction activity recovers [6]

Core Insights - United Rentals Inc. and Procore Technologies have formed a strategic partnership to enhance their service offerings in the construction industry [1] - The partnership includes the first telematics integration, allowing shared customers to access United Rentals equipment data within Procore's Resource Management solution [1] Company Overview - United Rentals Inc. is recognized as the world's largest equipment rental company [1] - Procore Technologies is identified as the leading global provider of construction management software [1] Strategic Partnership Details - The integration aims to improve visibility and streamline operations for customers utilizing both companies' services [1] - This collaboration signifies a move towards more integrated solutions in the construction management sector [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _____________________________________________________________ FORM 10-K _____________________________________________________________ (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of Registrant as specified in its Charter) _____________________________________________________________ For the fiscal year ended December 31, 2025 OR o TRANSITION REPORT PURSUA ...

Core Insights - Procore Technologies Inc. reported Q4 2025 revenue of $349 million, reflecting a 15.6% year-over-year increase, driven by strong performance in high-value customer segments [1][5] - The company is experiencing rapid adoption of its AI initiatives, with 66,000 unique active users and nearly 700 customers utilizing the platform for custom agent creation [2] - Procore's revenue guidance for 2026 is set between $1.489 billion and $1.494 billion, indicating a moderated growth rate of 13% [3] Financial Performance - Q4 2025 revenue reached $349 million, marking a 15.6% increase compared to the previous year [1][5] - The company has expanded its customer base to over 2,700 clients with at least $100,000 in annual recurring revenue (ARR) [1] AI Initiatives - Procore's AI initiatives have gained traction, with 66,000 unique active users and nearly 700 customers creating thousands of custom agents [2] - The acquisition of Datarid aims to enhance Procore's advanced reasoning and integration capabilities [2] Market Challenges - The company is navigating a challenging construction environment, noting negative growth in the US non-residential and multi-family sectors, along with macroeconomic pressures affecting international expansion [2] Future Outlook - Procore plans to evolve its AI monetization strategy through new product bundles and consumption-based components to address labor shortages and productivity challenges in the construction industry [3]

We recently published 10 Market Beasts Leaving Wall Street in the Dust. Procore Technologies Inc. (NYSE:PCOR) was one of the best performers on Friday. Procore Technologies bounced back on Friday, jumping 9.31 percent to close at $52.34 apiece after a stellar earnings performance last year and posting a double-digit growth outlook for 2026. In an updated report, Procore Technologies Inc. (NYSE:PCOR) narrowed its full-year net loss by 4.9 percent to $100.78 million from $105.96 million in 2024, while reve ...

Core Insights - Ten stocks showed strong gains, outperforming a lackluster performance on Wall Street, driven by corporate earnings and positive outlooks [1] Group 1: Procore Technologies Inc. (NYSE:PCOR) - Procore Technologies rebounded by 9.31 percent to close at $52.34 after a strong earnings performance and a double-digit growth outlook for 2026 [4] - The company narrowed its full-year net loss by 4.9 percent to $100.78 million from $105.96 million in 2024, while revenues increased by 13 percent to $1.3 billion from $1.15 billion year-on-year [4] - In Q4, net loss declined by 40 percent to $37.6 million from $62.29 million, and revenues rose by 15.56 percent to $349 million from $302 million [5] - The net revenue retention rate was 106 percent, with total organic customers reaching 17,850, adding 227 customers [5] - Procore's CEO highlighted the potential of AI as a significant catalyst for the industry, positioning the company as a potential AI leader [6] - For 2026, Procore targets revenue growth of 13 percent year-on-year to a range of $1.489 billion to $1.494 billion, with Q1 revenues expected to be between $351 million and $353 million [7] Group 2: H&R Block Inc. (NYSE:HRB) - H&R Block rebounded by 9.56 percent to close at $31.05, as investors sought bargains after nine consecutive days of losses [9] - The company announced a dividend payment of $0.42 per share on April 6, 2026, for common shareholders as of March 4 [9] - Since 2016, H&R Block has increased its dividends by 110 percent, returning over $5 billion to shareholders through dividends and share buybacks [9] - In Q2 of fiscal year 2026, H&R Block narrowed its net loss to $242 million from $243 million year-on-year, with a six-month net loss down by 2 percent to $407.98 million from $416 million [10] - Total revenues for the three-month period reached $198.86 million, an 11 percent increase from $179.07 million in the same quarter last year, with a six-month total up by 8 percent to $402.4 million from $372.88 million [11] - For the current year, H&R Block targets revenues between $3.875 billion and $3.895 billion, reflecting a growth of 3 to 3.5 percent from $3.76 billion in 2025 [11]

Core Insights - Procore Technologies reported strong performance in Q4 and for the full fiscal year, achieving 15% revenue growth and a 14% non-GAAP operating margin, with significant momentum in the construction sector despite challenges [2][4][7] Financial Performance - Q4 total revenue reached $349 million, reflecting a 15.6% year-over-year increase, with international revenue growing 14% year-over-year [13] - Non-GAAP operating income for Q4 was $52 million, maintaining a 15% operating margin, while free cash flow for Q4 was a record $90 million, totaling $215 million for the year, a 69% increase year-over-year [14][16] - For fiscal 2026, Procore projects revenue between $1.489 billion and $1.494 billion, indicating approximately 13% growth, with a non-GAAP operating margin of 17.5% to 18% [19] Customer Growth and Market Position - Procore added three new ENR 400 logos in Q4, expanding its customer base to over 2,700 customers with annual recurring revenue (ARR) exceeding $100,000, and 115 customers spending over $1 million in ARR, a 34% increase year-over-year [1][5][18] - The company emphasized its role as a "system of record for the built world," positioning itself to leverage AI-driven productivity gains across the construction lifecycle [3] AI Strategy and Product Development - Procore's new CEO, Ajei Gopal, highlighted an AI-led strategy, including the acquisition of Datagrid to enhance Procore AI capabilities, with approximately 66,000 unique users currently utilizing Procore AI [6][11][12] - The company plans to launch a suite of specialized products for owners in 2026, focusing on portfolio management, planning, funding, and asset management [8] Market Trends and Opportunities - Gopal noted growing demand in data center construction, driven by AI infrastructure investments, which currently represents about 2% of total U.S. construction activity [9][10] - Procore for Government achieved FedRAMP Moderate authorization, expanding its opportunities with U.S. federal and state government customers [8]

分组1 - Procore Technologies reported quarterly earnings of $0.37 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, and showing significant growth from $0.01 per share a year ago, resulting in an earnings surprise of +5.71% [1] - The company achieved revenues of $349.11 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.62% and increasing from $302.05 million year-over-year [2] - Procore Technologies has consistently outperformed consensus EPS and revenue estimates over the last four quarters, achieving this feat four times [2] 分组2 - The stock has underperformed the market, losing approximately 33.1% since the beginning of the year, while the S&P 500 has gained 1.4% [3] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $348.29 million, and for the current fiscal year, it is $1.70 on revenues of $1.47 billion [7] - The Zacks Industry Rank indicates that the Internet - Software sector is in the bottom 44% of over 250 Zacks industries, suggesting potential challenges for stocks in this category [8]