+21%

est. 2Y upside i

Vertical SaaS

Construction management platform for project financials and workforce

Rank

#2950

Sector

Construction Software

Est. Liquidity

~1Y

Data Quality

Data: High

Procore is a publicly traded (NYSE: PCOR) vertical SaaS leader with $1.32B in revenue growing at ~15% YoY at a $9.36B market cap — roughly 7x trailing revenue.

Last updated: May 5, 2026

Bull (15%)+85%

AWS strategic collaboration and Groundbreak 2025 AI suite accelerate revenue growth to 18–20% by FY2027, pushing revenue to ~$1.85B; new CEO Ajei Gopal credibly drives toward profitability, prompting a multiple re-rate to ~9.5x P/S and lifting market cap to ~$17.6B — implying +88% from today's $9.36B.

Base (50%)+30%

Revenue grows at a steady 13–15% CAGR to ~$1.72B by FY2027, with slow but visible margin improvement; P/S multiple holds near 7x, implying a market cap of ~$12B and roughly +28% total upside over the two-year window.

Bear (35%)-20%

Rate-sensitive construction project starts soften meaningfully and Autodesk Construction Cloud intensifies competitive pressure, decelerating growth to 8–10%; revenue reaches ~$1.55B but multiple compresses to ~5.5x as the growth narrative fades, pushing market cap to ~$8.5B and implying a -20% drawdown from current levels.

Est. time to liquidity~1.0 years

Preference Stack Risk

low

Funding Intensity

7%

Procore has been public since May 2021 (NYSE: PCOR); all preferred stock converted to common at IPO, eliminating liquidation preference overhang — the $693M in historical funding is economically irrelevant to common shareholder waterfall today.

Dilution Risk

moderate

Stock-based compensation for ~4,400 employees creates ongoing annual dilution; monitor SBC as a percentage of revenue (typically 10–20% for public SaaS companies at this scale) in quarterly 10-Q filings to assess net share count growth.

Secondary Liquidity

active

Procore trades on the NYSE with substantial daily volume — RSUs convert to freely tradable common shares at each vesting date with no lockup period or transfer restrictions for standard employee grants.

View all 2 open roles at Procore →

Last updated: February 17, 2026

Questions to Ask at the Interview

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

  • 1

    “How is the AWS strategic collaboration being embedded into the core product roadmap, and which specific AI modules are targeted for GA in 2026 — and what early customer adoption signals are you seeing?”

  • 2

    “What is the current net revenue retention rate trend, and what is management's internal target and timeline for reaching non-GAAP operating profitability?”

  • 3

    “What is the RSU vesting schedule and cliff for this role, and does the company offer equity refresh grants or performance-based top-ups as the stock re-rates?”

Cluster Peers

Expected Upside

Procore
+21%
PlanGrid
0%
Fieldwire
0%

Community

Valuation Sentiment

Our model estimates +21% upside. What do you think?

Anonymous. Do not share material non-public information.

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