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Procore Technologies PCOR Operating Lease Liabilities

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Other financials

Income statement

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Revenue$359.3M+15.7%
Gross profit$287.8M+17.1%
Operating income-$15.7M+56.8%
Net income-$9.1M+72.4%
EPS (diluted)-$0.06+72.7%

Balance sheet

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Cash & equivalents$386.0M+23.0%
Total debt$94.8M+29.3%
Total equity$1.2B+1.6%
Total assets$2.1B+8.2%

Cash flow

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Operating cash flow$76.8M+16.2%
CapEx$2.9M-27.4%
Free cash flow$73.8M+19.1%

Valuation

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Market cap$8.47B-11.5%
Enterprise value$8.18B-12.2%
P/S6.2×-1.6×

Profitability

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Gross margin79.8%-1.4pp
Operating margin-7.6%-2.2pp
Net margin-5.6%-1.8pp
FCF margin21.4%+7.0pp

Returns & leverage

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Return on equity-6.5%-1.8pp
Debt / equity0.1×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Procore Technologies in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: Procore Technologies’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-031230
(in thousands, except number of shares and par value)March 31,2026December 31,2025
Total current liabilities807,238884,557
Deferred revenue, non-current5,6096,041
Finance lease liabilities, non-current26,11226,557
Operating lease liabilities, non-current58,84845,855
Other liabilities, non-current10,26413,793
Total liabilities908,071976,803
Commitments and contingencies (Note 9)
Stockholders’ equity

Item 1. Financial Statements (Unaudited)

FAQ

What is Procore Technologies's operating lease liabilities?
Procore Technologies (PCOR) reported operating lease liabilities of $58.85M in Q1 2026.
How has Procore Technologies's operating lease liabilities changed year-over-year?
Procore Technologies's operating lease liabilities increased by 60.8% year-over-year, from $36.6M to $58.85M.
What is the long-term trend for Procore Technologies's operating lease liabilities?
Over 5 years (2020 to 2025), Procore Technologies's operating lease liabilities has grown at a -0.3% compound annual growth rate (CAGR), from $46.56M to $45.86M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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