Procore Q2 FY26 net income turns to profit at USD 16.92 million; revenue rises 16% to USD 375 million

Reuters2026/07/29 20:23

By:Reuters

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Procore posted Q2 GAAP net income of USD 16.92 million, swinging from a loss a year earlier, as revenue rose 16% to USD 375 million.
GAAP operating income was USD 4.33 million, swinging from an operating loss; GAAP operating margin was 1% versus -9% a year earlier.
Operating cash inflow more than doubled to USD 88 million; free cash inflow climbed to USD 65 million.
Gross revenue retention held at 95%; customers generating more than USD 100,000 in annual recurring revenue increased 14% to 2,871.
Forecast Q3 revenue of USD 382 million to USD 384 million; targets FY2026 revenue of USD 1.51 billion to USD 1.51 billion, with FY2027 non-GAAP operating margin of 25%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260729106137) on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Procore Q2 FY26 net income turns to profit at USD 16.92 million; revenue rises 16% to USD 375 million

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