Procore Technologies, Inc.

Procore Technologies (PCOR) provides cloud-based construction management software designed to connect project teams, streamline workflows and centralise project data. The company earns most of its revenue from subscription licences and related support services, with additional professional services and marketplace integrations. Procore benefits from the construction industry’s gradual digital shift, network effects as projects and partners join the platform, and recurring revenue that can support longer-term planning. That said, the business is exposed to construction industry cycles, competition from other software providers and the challenge of sustaining profitability while investing in growth and international expansion. Its market capitalisation is around $11.21 billion, reflecting investor expectations about scale and margin improvement. This summary is for general educational purposes only and not personalised investment advice; returns are not guaranteed and values can fall as well as rise. Consider your own circumstances or seek independent financial advice before acting.