Procore Technologies, Inc. Q2 2026 Financial Report: Key Investor Insights
Procore Technologies, Inc. has released its Quarterly Report on Form 10-Q for the period ending June 30, 2026. This comprehensive update contains several important points investors and shareholders should closely consider, including financial results, business outlook, and forward-looking statements that may influence the share price.
Key Highlights from Q2 2026 Report
- Share Count and Stock: As of July 24, 2026, Procore had 151,955,338 shares of common stock outstanding, with a par value of \$0.0001 per share.
- Reporting Status: The company confirms it has filed all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934 and has submitted all Interactive Data Files required for the past 12 months.
- Filing Category: Procore is classified as a Large Accelerated Filer, not a smaller reporting company or an emerging growth company.
Financial Performance and Position
- Total Assets: \$2,243,738,000 as of June 30, 2026, compared to \$2,239,065,000 at December 31, 2025.
- Total Stockholders’ Equity: \$1,278,450,000 at June 30, 2026, up from \$1,262,262,000 at the end of 2025.
- Net Income (Loss): For Q2 2026, the company reported a net loss of \$54,078,000, compared with a net loss of \$66,512,000 in the same period of 2025. The six-month net loss was \$32,989,000 (Q2 2025: \$21,089,000).
- Earnings Per Share: Basic EPS for Q2 was \$0.11, diluted EPS also \$0.11, while the comparable period in 2025 was a loss per share of (\$0.14) basic and (\$0.14) diluted.
- Comprehensive Income: Q2 2026 comprehensive income was \$16,448,000, versus a comprehensive loss of \$52,766,000 in Q2 2025.
Key Business Updates & Forward-Looking Statements
- Artificial Intelligence Integration: Procore is actively working to incorporate AI into its products, services, and platform, and deploy AI in business operations. This is noted as a strategic priority and could materially impact future performance.
- Stock Repurchase Program: The report references the timing, price, and quantity of repurchases under its stock repurchase program, and confirms sufficient cash to meet needs for at least the next 12 months.
- Cybersecurity: The company highlights its focus on identifying, assessing, and managing cybersecurity threats and risks—an area of growing importance for investors.
- Brand and Personnel: Procore emphasizes its ability to maintain, protect, and enhance its brand, and to attract and retain key management and skilled personnel.
- Litigation Risks: The company anticipates potential impacts from litigation and other disputes, signaling possible volatility or liabilities that shareholders should monitor.
- Market Trends and GTM Model: The report discusses anticipated performance, trends, and challenges in markets where Procore operates, as well as management of growth and investments via its go-to-market model.
Shareholder-Sensitive Disclosures
- Forward-Looking Statements: The report contains statements about future operating results, business strategy, market position, and new product launches, all of which are subject to substantial risks and uncertainties. Shareholders are cautioned not to rely on these as predictions of future events.
- Stock-Based Compensation: Significant expenses are noted for stock-based compensation, which may impact future profitability.
- Repurchase and Settlement Activities: There were shares withheld for net share settlement of equity awards and shares repurchased/retired, affecting outstanding share count and capital structure.
Potential Price Sensitive Items
- AI Integration and Strategic Investments: If the integration of AI and related new products succeeds, it could materially enhance revenues and margins, potentially driving share price higher.
- Stock Buybacks: The timing and quantity of stock repurchases may signal management confidence and provide direct support to the share price.
- Profitability Outlook: While losses continue, the reduced net loss compared to the previous year and comprehensive income signal improving financial health, which may positively affect the stock.
- Litigation and Cybersecurity: Any adverse developments in litigation or cybersecurity could negatively impact the share price.
Other Notable Information
- Exchange Listing: Procore’s common stock is listed on The New York Stock Exchange under the symbol “PCOR”.
- Authorized Shares: 1,000,000,000 common shares authorized; 151,885,923 issued and outstanding as of June 30, 2026.
Conclusion
Procore Technologies, Inc. remains in a growth and investment phase, with continued focus on technology innovation, especially AI, and maintaining strong liquidity. The company’s improving financial metrics, active stock repurchases, and strategic priorities are all potentially price-sensitive for shareholders. However, ongoing losses, litigation risks, and cybersecurity threats remain key risks to monitor.
Disclaimer
This article is intended for informational purposes only and does not constitute investment advice. Investors should review the full Quarterly Report and consult with financial professionals before making investment decisions. Forward-looking statements are subject to risks and uncertainties and may not materialize as projected.
