$PCOR · PROCORE TECHNOLOGIES, INC.
Procore filed its Q3 FY2026 10-Q. Revenue grew 18.7% YoY to $402.3M, gross margin held at 80.4%, and net loss narrowed to $4.6M from $9.1M a year earlier. The quarter included the $845M cash acquisition of DroneDeploy, which drove goodwill to $1.25B and intangible assets to $389.5M, plus $927.9M in new convertible notes.
- Revenue rose 18.7% YoY to $402.3M for Q3 FY2026.
- Net loss narrowed to $4.6M from $9.1M a year earlier.
- Gross margin held at 80.4%; operating margin was -1.8%.
- DroneDeploy acquired Sept 9, 2026 for $845.0M in cash.
- Goodwill jumped to $1.25B from $574.1M; $927.9M convertible notes added.
Price data unavailable.
Procore pairs accelerating revenue growth with a major $845M acquisition and new convertible debt, reshaping its balance sheet and product footprint.
Construction-software peers are consolidating via M&A; Procore's DroneDeploy deal adds drone-based reality capture to its platform.
Integration risk from the DroneDeploy acquisition and $927.9M in new convertible notes raise leverage and execution uncertainty.