+19%

est. 2Y upside i

Vertical SaaSSeries D+

Construction management platform for project financials and workforce

Rank

#2319

Sector

Technology / Application Software (Construction Tech)

Est. Liquidity

~2Y

Data Quality

Data: Medium

Procore offers moderate upside potential of ~19% expected over 2 years, driven by its strong moat and large TAM, but high incumbent competition and slowing growth cap the bull case.

Last updated: July 3, 2026

Bull (10%)+96%

If Procore sustains its platform leadership and exits at a premium multiple of 6.5x, the 24-month revenue of $1.74B implies an exit value of $11.3B, a 95.8% upside.

Base (40%)+51%

Converging to a 5x multiple on $1.74B revenue yields $8.7B exit, a 50.6% gain.

Bear (50%)-22%

Multiple compresses to 3x due to incumbents and slowing growth, exit at $5.2B; after preference of $693M, common recovers only $4.53B, a -21.6% return.

Est. time to liquidity~2.0 years

Preference Stack Risk

moderate

Funding Intensity

12%

Total funding $693M is 12% of entry valuation; 1x non-participating preference would absorb $693M before common sees proceeds in a low exit.

Dilution Risk

low

No imminent raise; company is public and can raise capital if needed.

Secondary Liquidity

active

Procore is publicly traded on NYSE, so shares have immediate liquidity.

Questions to Ask at the Interview

Strategic questions based on Procore's data — designed to show you've done your homework.

  • 1

    “How does Procore plan to defend against Autodesk's bundling strategy?”

  • 2

    “What are the key unit economics and path to profitability?”

  • 3

    “How does the equity package vest and is there secondary liquidity?”

Community

Valuation Sentiment

Our model estimates +19% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.