Procore Posts Quarterly Loss, Beats Revenue Forecast

The construction software maker reported a third-quarter net loss while revenue topped analyst expectations.

Updated on Nov. 3, 2026 in Construction

Procore Posts Quarterly Loss, Beats Revenue Forecast

Procore Technologies reported a third-quarter net loss of $4.6 million, or 3 cents per share, while adjusted earnings came to 51 cents per share. Revenue of $402.3 million beat Wall Street forecasts.

Why it matters

The results show a construction software company growing revenue ahead of expectations even as GAAP results remained in the red. Investors will watch whether adjusted profitability continues to close the gap with reported earnings.

Third-quarter revenue of $402.3 million compared with a Zacks analyst average of $383 million, while adjusted earnings of 51 cents per share beat a 45-cent estimate. The filing does not break out the specific one-time items that separated the reported loss from adjusted earnings.

The players

Procore Technologies

Procore Technologies is a construction management software company based in Carpinteria, California, whose cloud platform is used by builders and contractors to manage projects.

The details

Procore Technologies, a construction management software company based in Carpinteria, California, reported third-quarter results that beat Wall Street expectations on both earnings and revenue. The company also guided fourth-quarter revenue to a range of $420 million to $422 million and full-year revenue to $1.56 billion.

Q3 2026: Procore reports third-quarter loss and revenue results.
Q4 2026: Procore expects fourth-quarter revenue of $420 million to $422 million.

Market Landscape

Procore's revenue beat against the Zacks consensus places it ahead of analyst expectations in construction software. The company's guidance for $1.56 billion in full-year revenue will be measured against that consensus as the year closes.

For customers and contractors who rely on Procore's platform, the reported results do not by themselves change pricing or product access. The extraction does not describe any new product or subscription changes tied to the quarter.

The takeaway

Revenue growth ahead of consensus and adjusted profitability are the two numbers to track when judging a software company's quarter. A GAAP loss alongside adjusted gains signals that one-time items matter to the headline result.