Procore Technologies

OverviewSuggest Edit

Procore Technologies is a company that develops a cloud-based construction management software application. It provides a unified platform that allows construction professionals to manage risks and build projects. Its software manages various construction projects that include industrial plants, office buildings, apartment complexes, university facilities, retail centers, and others.
TypePublic
Founded2003
HQCarpinteria, CA, US
Websiteprocore.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)2,885(+40%)
Job Openings270
Revenue (FY, 2021)$514.8 M(+29%)
Share Price (Jun 2022)$47.3(-5%)
Cybersecurity ratingAMore
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Key People/Management at Procore Technologies

Tooey Courtemanche

Tooey Courtemanche

Founder, President, Chief Executive Officer and Chairperson
Steve Zahm

Steve Zahm

Chief Culture Officer
Benjamin Singer

Benjamin Singer

Chief Legal Officer, Corporate Secretary
Pat Wadors

Pat Wadors

Chief Talent Officer
Paul Lyandres

Paul Lyandres

Chief Financial Officer
Sam Crigman

Sam Crigman

Chief Technology Officer
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Procore Technologies Office Locations

Procore Technologies has offices in Carpinteria, Alameda, Austin, New York and in 9 other locations
Carpinteria, CA, US (HQ)
6309 Carpinteria Ave
Alameda, CA, US
1141 Harbor Bay Pkwy
Austin, TX, US
221 W 6th St #1800
New York, NY, US
32 Old Slip #36th
Portland, OR, US
120 NW 14th Ave #300
San Diego, CA, US
707 Broadway #850
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Procore Technologies Financials and Metrics

Procore Technologies Revenue

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Procore Technologies's revenue was reported to be $514.82 m in FY, 2021
USD

Revenue (FY, 2021)

514.8m

Gross profit (FY, 2021)

416.5m

Gross profit margin (FY, 2021), %

80.9%

Net income (FY, 2021)

(265.2m)

EBIT (FY, 2021)

(285.9m)

Market capitalization (28-Jun-2022)

6.3b

Closing stock price (28-Jun-2022)

47.3

Cash (31-Dec-2021)

586.1m

EV

5.8b
Procore Technologies's current market capitalization is $6.3 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

289.2m400.3m514.8m

Revenue growth, %

55%38%

Cost of goods sold

53.2m71.7m98.3m

Gross profit

236.0m328.6m416.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

60.8m67.4m76.2m92.3m96.6m101.9m113.9m122.8m132.0m

Cost of goods sold

11.3m12.0m14.0m17.5m17.1m18.1m20.4m25.5m22.7m

Gross profit

49.4m55.3m62.1m74.9m79.5m83.8m93.6m97.3m109.3m

Gross profit Margin, %

81%82%82%81%82%82%82%79%83%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

118.5m379.9m586.1m

Accounts Receivable

58.2m77.7m114.0m

Prepaid Expenses

12.5m16.8m35.2m

Current Assets

201.1m488.0m752.3m
Quarterly
USDQ1, 2021Q2, 2021Q3, 2021

Cash

413.8m1.1b1.1b

Accounts Receivable

57.0m66.8m74.5m

Prepaid Expenses

21.5m23.2m23.9m

Current Assets

506.5m1.2b1.2b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(83.1m)(96.2m)(265.2m)

Depreciation and Amortization

14.9m26.0m36.4m

Accounts Payable

805.0k724.0k4.0m

Cash From Operating Activities

(7.0m)21.9m36.7m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(19.0m)(32.8m)(48.7m)(13.7m)(163.5m)(214.2m)

Depreciation and Amortization

6.0m12.4m18.9m7.3m15.1m23.3m

Accounts Payable

1.8m(88.0k)(2.5m)(3.5m)(2.9m)(128.0k)

Cash From Operating Activities

4.6m(960.0k)10.1m28.3m25.2m40.3m
USDQ1, 2019

Revenue/Employee

42.6k
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Procore Technologies Operating Metrics

Procore Technologies's Enterprise Customers was reported to be 12.2 k in FY, 2021. Procore Technologies's Active Users was reported to be 2 m in FY, 2021.
FY, 2019FY, 2020FY, 2021

Active Users

2 m

Enterprise Customers

8.51 k10.17 k12.19 k

Patents (US)

616

Retention Rate

117%107%

Procore Technologies Acquisitions / Subsidiaries

Company NameDateDeal Size
LevelsetNovember 02, 2021$484.1 m
LaborChartOctober 21, 2021$76.2 m
indus.aiMay 03, 2021$24.3 m
EsticomOctober 14, 2020$15.12 m
Construction BIAugust 08, 2019$1.1 m
Honest BuildingsJuly 30, 2019$151.95 m
BIManywhereSeptember 19, 2018$3.9 m
Construction BI, LLC
Esticom, Inc.
Express Lien, Inc.
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Procore Technologies Revenue Breakdown

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Procore Technologies revenue breakdown by geographic segment: 14.6% from Rest of the world and 85.4% from United States

Human Capital Metrics

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Procore Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Procore Technologies Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Procore Technologies Online and Social Media Presence

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Procore Technologies Company Culture

  • Overall Culture

    A+

    82/100

  • CEO Rating

    A+

    92/100

  • Compensation

    A

    81/100

  • Diversity

    A

    82/100

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Procore Technologies Blogs

Procore’s Third Instalment of How We Build Now Report Examines the Growing Digitisation of the Asia Pacific Construction Industry

Last week Procore launched How We Build Now –– Tracking Technology in Construction 2022, the third instalment in a series of independent reports designed to benchmark technology advancements across the industry.

Secure Your Tickets for Groundbreak 2022: Where Big Ideas Get to Work

Each year Groundbreak brings together a community of global construction professionals to discover, learn, and innovate.

Caitlin’s Passion for Content Marketing Led Her to Procore

Welcome to the Life at Procore blog, where we shine a light on Procorians across the globe who are living our values and helping us build a better world together. They are Groundbreakers in every sense of the word and these are their stories.

Reimagining the Safety Vest with the Next Generation of Builders

Last month, I visited Cal Poly San Luis Obispo’s campus to tackle a research question posed by a former construction management student: how can we alter traditional safety vests to be more inclusive?

Promoting Construction Workforce Development: Enter the 2022 Groundbreaker Awards Today

To achieve Procore’s vision of improving the lives of everyone in construction, we’re looking for our customers that are moving the needle in workforce development—those firms that are helping to attract, keep, and grow the best and brightest construction talent—for the 2022 Groundbreaker Awards.

Cultivating a Healthier and Happier Workplace Culture

On April 19, the Associated General Contractors of California (AGC) and Procore teamed up to officially launch the first ever full-length Project Engage.
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Procore Technologies Frequently Asked Questions

  • When was Procore Technologies founded?

    Procore Technologies was founded in 2003.

  • Who are Procore Technologies key executives?

    Procore Technologies's key executives are Tooey Courtemanche, Steve Zahm and Benjamin Singer.

  • How many employees does Procore Technologies have?

    Procore Technologies has 2,885 employees.

  • What is Procore Technologies revenue?

    Latest Procore Technologies annual revenue is $514.8 m.

  • What is Procore Technologies revenue per employee?

    Latest Procore Technologies revenue per employee is $178.4 k.

  • Who are Procore Technologies competitors?

    Competitors of Procore Technologies include Viewpoint Construction Software, e-Builder and PlanGrid.

  • Where is Procore Technologies headquarters?

    Procore Technologies headquarters is located at 6309 Carpinteria Ave, Carpinteria.

  • Where are Procore Technologies offices?

    Procore Technologies has offices in Carpinteria, Alameda, Austin, New York and in 9 other locations.

  • How many offices does Procore Technologies have?

    Procore Technologies has 13 offices.