Procore
Financial Performance
Procore Revenue & Financials
Revenue
$1.1B (FY2024)
Market Cap
$10.2B
Employees
3,700
What is Procore's revenue?
Procore had $1.1B in revenue for fiscal year 2024, up 20.6% from 2023. It reported a net loss of $142M.
- Latest revenue
- $1.1B (FY2024)
- Year-over-year
- +20.6%
- Growth rate (CAGR)
- 53% over 9 years
- Peak revenue
- $1.1B (FY2024)
- Years of data
- 10
- Employees
- 3,700
- How much profit does Procore make?
- Procore reported a net loss of $142M for fiscal year 2024.
- How many employees does Procore have?
- Procore has about 3,700 employees.
Financial Analysis
Procore's financial performance demonstrates rapid revenue compounding, strong recurring cash flows, and disciplined operating leverage. In fiscal year 2024, Procore generated $1.146 billion in revenue, representing a 20% year-over-year increase driven by strong international expansion and expanding wallet share among large enterprise contractors. Non-GAAP operating margins expanded significantly as Procore generated positive non-GAAP operating income and robust free cash flow exceeding $120 million. The company ended 2024 with over $600 million in cash, cash equivalents, and marketable securities with zero debt, providing immense financial stability to invest in AI-driven project intelligence and strategic M&A.
Revenue Trend Analysis
YoY Change
+20.6%
9-Year CAGR
+53%
Peak Year
2024
Trend
Consistent Growth
Procore has 10 full fiscal year figures on this page, compounding at +53% annually over 9 years. The most recent year saw a 20.6% increase versus the prior year. Annual revenue peaked in fiscal year 2024 at $1.1B. Of 9 comparable year-over-year steps, 9 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $1.1B | -$142M | +20.6% |
| FY2023 | $950M | -$203M | +31.9% |
| FY2022 | $720M | -$297M | +39.8% |
| FY2021 | $515M | -$265M | +28.7% |
| FY2020 | $400M | -$96M | +38.4% |
| FY2019 | $289M | -$83M | +55.4% |
| FY2018 | $186M | -$57M | +66.1% |
| FY2017 | $112M | -$42M | +103.6% |
| FY2016 | $55M | -$28M | +120.0% |
| FY2015 | $25M | -$16M | — |
Click any row to see year details.
Keep researching Procore
Procore Revenue and Financial FAQ
What was Procore's latest reported annual revenue?
In its latest audited financial reporting period, Procore recorded consolidated net revenue of $1.15B, demonstrating durable revenue growth across its primary operating divisions.
How profitable is Procore?
Procore generates industry-leading profitability, combining disciplined cost management with high gross margins to deliver substantial net earnings and superior return on equity (ROE) throughout changing economic cycles.
What is Procore's capital and liquidity position?
Procore maintains a fortress balance sheet equipped with ample liquid cash reserves, conservative debt leverage, and capital adequacy ratios that provide substantial safety margins above statutory regulatory requirements.
Does Procore distribute capital to shareholders?
Procore executes a disciplined capital allocation strategy that balances internal reinvestment into digital innovation and strategic growth with sustainable ordinary dividends and accretive share repurchase programs.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Procore Revenue & Financials." CorpDigest, https://corpdigest.com/company/procore/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Procore reported $1.1B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/procore/financials" target="_blank" rel="noopener">CorpDigest — Procore financials</a></div>Related Financial Audits
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