Procore raises 2026 revenue outlook as Q3 revenue rises 19% to $402 million
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.
Key points
- 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.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.
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.