Every material Form 8-K PROCORE TECHNOLOGIES, INC. has filed with the SEC since August 06, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Procore reported third-quarter 2026 revenue of $402 million, up 19% from a year earlier, and a GAAP net loss of $4.6 million, narrower than the $9.1 million loss a year earlier. The company raised its full-year 2026 revenue and margin outlook to $1,557.0 million to $1,559.0 million and authorized a new $300 million buyback, which matters to shareholders because it reflects higher expected sales and a continued capital return program.
Q3 2026 revenue was $402 million, up 19% year over year, including 2 percentage points from the DroneDeploy acquisition.
GAAP net loss narrowed to $4.6 million from $9.1 million, and the GAAP operating loss narrowed to $7.2 million from $15.0 million.
Full-year 2026 revenue outlook is $1,557.0 million to $1,559.0 million; Q4 2026 revenue is expected at $420 million to $422 million.
On October 30, 2026, the Board authorized a new stock repurchase program of up to $300 million, expiring October 30, 2027.
Procore Technologies said it completed its merger with DroneDeploy on September 9, 2026, under a merger agreement first announced July 27, 2026. Procore acquired DroneDeploy for an approximate purchase price of $845.0 million in cash, subject to adjustments for working capital, transaction expenses, cash and indebtedness. The filing gives no financial results for either company, so its effect on Procore's earnings is not stated.
Merger completed September 9, 2026; DroneDeploy is now a wholly-owned subsidiary of Procore
Approximate purchase price of $845.0 million in cash, subject to adjustments
Merger agreement originally entered into July 27, 2026, and reported in an 8-K filed July 29, 2026
Procore Technologies completed a private offering of $950 million of 0% convertible senior notes due August 15, 2031, including the full $125 million option for initial purchasers. The conversion price of about $82.89 is a 50% premium over the $55.26 closing price on August 3, 2026, and the notes carry no regular interest, which adds debt but no cash coupon for the company.
Offering of $950 million principal, including the full $125 million option, closed August 6, 2026 under an indenture with U.S. Bank Trust Company as trustee
Initial conversion price of about $82.89 per share, a 50% premium over the $55.26 NYSE closing price on August 3, 2026
Company expected net proceeds of about $804.4 million before the option, or about $926.6 million with it, to fund part of the DroneDeploy cash consideration, a capped call cost of about $51.3 million, and about $175 million of share repurch
Company may not redeem the notes before August 20, 2029, except in a cleanup redemption when less than $100 million remains outstanding
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
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