8-K filed with the SEC on 2026-09-09.
Procore Technologies finalized its $845 million cash acquisition of DroneDeploy, making the aerial data and mapping provider a wholly owned subsidiary. The transaction strengthens Procore's commercial project management ecosystem by incorporating advanced drone-based site capture analytics.
This article explores how general contractors build custom integrations and field apps utilizing Procore's API for construction tech workflows, tracking code metrics and offline reliability.
Recent court documents and deposition transcripts shed light on file transfers and ongoing intellectual property legal contentions between software giants Oracle and Procore.
8-K filed with the SEC on 2026-08-06.
Procore announced the pricing of an upsized $825 million private offering of convertible senior notes due 2031. The company indicated it will use a portion of the net proceeds to fund its upcoming acquisition of DroneDeploy.
Procore announced the pricing of an upsized $825 million private placement of convertible senior notes due 2031 to help finance its acquisition of DroneDeploy and fund concurrent stock repurchases.
Procore reported robust second-quarter financial results, achieving its first quarter of GAAP operating profitability and raising its full-year 2026 revenue outlook. The strong performance highlights growing traction across its construction workforce management and platform solutions.
Procore reported its Q2 2026 financial results, posting $375 million in revenue and its first-ever GAAP operating profit. The strong performance and planned DroneDeploy acquisition highlight the company's accelerating financial growth and expanding AI strategy.
Procore achieved $1.5 billion in ARR and spent $845 million to acquire drone software leader DroneDeploy. This acquisition expands Procore's construction technology offerings into reality capture and aerial mapping.
10-Q — quarterly report filed with the SEC on 2026-07-31.
Seeking Alpha breaks down Procore's Q2 2026 earnings call insights, focusing on management's updated financial guidance, margin expansion goals, and the strategic rationale behind acquiring DroneDeploy to build out construction AI capabilities.
8-K filed with the SEC on 2026-07-29.
Procore reported its Q2 2026 financial results, posting revenue of $375 million—a 16% year-over-year increase—alongside achieving GAAP operating profitability. The company highlighted strong adoption of its construction management software suite.
As construction management software provider Procore prepared its second-quarter earnings report, market analysts evaluated how newly launched artificial intelligence features and workforce tools would perform amid sluggish macroeconomic construction spending. The discussion highlights the company's efforts to drive contractor efficiency and labor management.
8-K filed with the SEC on 2026-07-29.
Guggenheim initiated coverage on Procore Technologies with a Buy rating and a $68 price target, citing strong long-term AI potential within the construction technology sector and highlighting the firm's robust multi-stakeholder platform architecture.
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