Why Invest

Investment Highlights
The Platform for Construction

Construction is Massive

  • Significant digitization opportunity provides durable long-term growth for a projected $15T market
  • Our opportunity remains largely greenfield and underpenetrated in our existing markets

Category Leader

  • Procore is the recognized leader in construction technology
  • $1T+ in annual construction volume committed on Procore
  • $1.4B annualized revenue run rate
  • 3M+ projects running on Procore
  • 150+ countries with active Procore projects

Unified End-to-End Construction Platform

  • From preconstruction to close out, Procore is the end-to-end solution for construction for data-driven decisions, increased project efficiency, and improved margins
  • Our System of Intelligence turns construction knowledge into actionable intelligence powering AI, agentic workflows, analytics and insights
  • #1 on the TrustRadius Top Construction Management Software 2025

Construction’s Preferred Partner

  • Our leading platform and industry partnership will continue to deliver strong customer ROI
  • 95% gross retention
  • 2,602 customers spending more than $100K in ARR
  • 86 customers spending more than $1M+ in ARR

Financial Improvement

  • We are committed to profitability and per share improvement
  • We have consistently and significantly improved margins since FY22
  • Progressing towards milestones of 25% and then 40% FCF margins over the medium and long-term

Mission-Driven Culture

  • Our culture is defined by our mission and vision
  • We foster a culture rooted in passion and purpose
  • Our employees embody the values of Openness, Ownership, and Optimism

Annualized revenue run rate, customer count, gross retention rate, number of customers contributing more than $100K of ARR, and annual construction volume committed on Procore are based on our most recent financial results for the quarter. The number of customers contributing more than $1M of ARR is based on our fiscal results for the most recently completed fiscal year. All other metrics are from our 2024 Investor Day presentation. This website contains forward-looking statements about Procore Technologies, Inc. Forward-looking statements involve substantial risks and uncertainties, which are set forth in our filings with the SEC, including in the section titled “Risk Factors” in our most recent Form 10-K and Form 10-Q. We assume no obligation to update any forward-looking statements, except as required by law.

Growth Drivers

1. Win New Customers

~360K addressable logos across active GTM countries vs. <18K customers

2. Expansion Via Volume Upsell

~55% of current customer ACV ($1T) remains available

3. Expansion Via Product Cross Sell

Average customer can 2x the number of products attached (3-4 products to 6-8 products)

4. Pursue New Geographies

Several large countries remaining with trillions of ACV available across all stakeholders