Procore posted Q2 GAAP net income of USD 16.92 million, swinging from a loss a year earlier, as revenue rose 16% to USD 375 million.
GAAP operating income was USD 4.33 million, swinging from an operating loss; GAAP operating margin was 1% versus -9% a year earlier.
Operating cash inflow more than doubled to USD 88 million; free cash inflow climbed to USD 65 million.
Gross revenue retention held at 95%; customers generating more than USD 100,000 in annual recurring revenue increased 14% to 2,871.
Forecast Q3 revenue of USD 382 million to USD 384 million; targets FY2026 revenue of USD 1.51 billion to USD 1.51 billion, with FY2027 non-GAAP operating margin of 25%.
PCOR•
