Procore Technologies (PCOR) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Procore Technologies published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Procore Technologies reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Procore completed its acquisition of DroneDeploy on September 9, 2026. Procore says DroneDeploy added 2 percentage points to Q3 2026 revenue growth of 19%.
• Procore reports one segment. The rows above are its revenue by geographic region from the 10-Q, based on the billing location of the customer.

Source: Procore Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Procore Technologies splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Procore Technologies's U.S. revenue was $337 million in Q3 2026, up 17% from $289 million in Q3 2025, 84% of total revenue.
• Procore Technologies's Rest of the world revenue was $65.0 million in Q3 2026, up 30% from $50.1 million in Q3 2025, 16% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Procore Technologies said:

“Revenue is expected to be in the range of $420 million to $422 million, including inorganic revenue from DroneDeploy of $19 million, representing year-over-year growth of 20.3% to 20.9%.”

“Revenue is expected to be in the range of $1,557.0 million to $1,559.0 million, including inorganic revenue from DroneDeploy of $24 million, representing year-over-year growth of 17.7% to 17.9%.”

“Free cash flow margin is expected to be 18.0%, including approximately $23 million in one-time cash payments related to our acquisition of DroneDeploy.”

“Non-GAAP operating margin is expected to be 25%.”

Source: Procore Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PCOR forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted net income (loss) per share, each as first reported in that quarter's release.

We do not hold a confirmed date for Procore Technologies's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Procore Technologies generates substantially all of its revenue from subscriptions to its construction management software. Pricing is generally based on the number and mix of products a customer subscribes to and the fixed dollar volume of construction work contracted to run on the platform each year, which Procore calls annual construction volume. It does not charge by consumption or per project. (Procore Form 10-Q, Q3 2026, Nov 5, 2026)

Revenue rose $63.5 million, or 19%, to $402.3 million in Q3 2026. Procore attributes about 80% of the increase to existing customers, about 11% to new customers and about 9% to DroneDeploy customers, whose business it acquired on September 9, 2026. The CFO said DroneDeploy contributed 2 percentage points of the 19% growth. (Procore Form 10-Q, Q3 2026, Nov 5, 2026; Procore Q3 2026 release, Nov 3, 2026)

Customers billed in the U.S. produced $337.3 million, or 84% of revenue, against 85% a year earlier. Rest of the world revenue rose to $65.0 million from $50.1 million and was 16% of the total. (Procore Form 10-Q, Q3 2026, Nov 5, 2026)

Procore reported a gross revenue retention rate of 95% in the quarter. Organic customers contributing more than $100,000 of annual recurring revenue totaled 2,968 at September 30, 2026, up 14% from a year earlier. Remaining performance obligations were $1,809.7 million, up 28%, of which $1,174.2 million is current. (Procore Q3 2026 release, Nov 3, 2026)

Procore Technologies posted a GAAP net loss of $4.6 million, or $0.03 per share, against $9.1 million, or $0.06, a year earlier. Non-GAAP net income was $77.4 million, or $0.51 per diluted share. The gap is mostly stock-based compensation of $62.3 million, plus $26.6 million of acquisition-related expenses tied to DroneDeploy and $11.0 million of amortization of acquired intangible assets. (Procore Q3 2026 release, Nov 3, 2026)

The two non-GAAP EPS figures are not on the same tax basis. For 2026, Procore deducts a provision for income taxes from non-GAAP net income using an estimated annual non-GAAP tax rate of 21% ($19.7 million in Q3), while the year-ago non-GAAP net income of $64.6 million carried no such adjustment. (Procore Q3 2026 release, Nov 3, 2026)

Diluted shares used for non-GAAP EPS were 151,685,003, down 1% from a year earlier. Procore repurchased and retired 4,932,407 shares for $275.1 million at a weighted average price of $55.77 in the first nine months of 2026, and its board authorized a new $300 million repurchase program on October 30, 2026. In August it issued $950.0 million of 0.00% convertible senior notes due 2031,; quarterly interest expense rose to $5.0 million. (Procore Q3 2026 release, Nov 3, 2026; Procore Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Procore Technologies gives a numeric outlook in its release. For Q4 2026 it expects revenue of $420 million to $422 million, including $19 million from DroneDeploy, and a non-GAAP operating margin of 15.5% to 16.0%. For full year 2026 it expects revenue of $1,557.0 million to $1,559.0 million, growth of 17.7% to 17.9%, and a non-GAAP operating margin of 19.0% to 19.5%. (Procore Q3 2026 release, Nov 3, 2026)

Procore also gave a first look at 2027: a non-GAAP operating margin of 25%. It did not give a 2027 revenue figure in the release. (Procore Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Procore Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Procore Technologies's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PCOR is on is PCOR a buy or a sell?, what analysts expect next is on the PCOR forecast, and what the company does is on the Procore Technologies (PCOR) stock page.

Every number on this page can be traced to a document Procore Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.