Procore Shares Jump 19% on Strong Q3 Results
The construction software maker's third-quarter revenue and adjusted earnings beat analyst expectations.
Updated on Nov. 5, 2026 in Construction
Procore Technologies shares climbed 19% on November 4, 2026, after the Carpinteria-based construction management software company reported third-quarter revenue of $402 million, up 19% year-over-year and above analyst expectations of $384 million. The company reported a net loss of $4.5 million for the quarter, narrower than the $9.3 million loss a year earlier.
Why it matters
The results show Procore's revenue growth and narrowing losses as it moves toward profitability in the U.S. construction technology market. Investors responded to adjusted earnings of 51 cents per share, ahead of the 46 cents analysts expected.
Procore reported third-quarter 2026 revenue of $402 million, up 19% from a year earlier, and a net loss of $4.5 million versus $9.3 million in the prior-year quarter. Adjusted for one-time losses, net income was $77.3 million, or 51 cents per share, though the excluded items were not itemized in the results.
The players
Procore Technologies
Procore Technologies is a construction management software company based in Carpinteria, California, that sells cloud-based project management tools to contractors and builders.
The details
Procore released its results after markets closed on November 3, 2026, and the stock rose 19% the following day to close at $75.60. The company also raised its full-year 2026 revenue guidance to between $1.557 billion and $1.559 billion and projected fourth-quarter revenue above $420 million.
Timeline
November 3, 2026: Procore releases third-quarter results after market close.
November 4, 2026: Shares climb 19%, closing at $75.60.
Market Landscape
Procore's growth reflects continued adoption of cloud-based project management software among U.S. contractors, a market where companies have shifted from paper-based scheduling and documentation to integrated digital platforms. The company's move toward profitability signals that subscription software serving the construction sector is maturing beyond its early growth-at-all-costs phase.
For contractors and builders using Procore's software, the company's continued growth and push toward profitability suggests the platform is expanding its customer base and investing in product development. Software price changes or service adjustments that follow from these results would affect subscription costs for firms that rely on the tools.
The takeaway
Procore's results show that construction software can grow revenue while narrowing losses, a signal for contractors evaluating digital project tools. Watching whether the company sustains profitability will indicate how mature this software market has become.
What happens next
Procore's board is discussing a new $300 million share repurchase program, and the company will report fourth-quarter results in a future earnings release.
Further reading
Explore more construction industry coverage to see how software is reshaping contractor operations across the country.
