Procore Technologies, Inc.
PCOR Technology Software Application
Procore Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.3 billion, up 14.8% from fiscal 2024. In the quarter to June 2026, revenue grew 15.8%, EPS grew 178.6%, free cash flow grew 507.2% and total debt fell 100.0%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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Procore Technologies, Inc. (PCOR) Altman Z-score
Procore Technologies, Inc.'s Altman Z-score for fiscal 2025 is 6.43, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 6.43 | (1.44) |
| FY2024 | 7.87 | 0.40 |
| FY2023 | 7.47 | 1.99 |
| FY2022 | 5.48 | (2.83) |
| FY2021 | 8.31 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.13 | — | 0.15 | |
| Retained earnings / total assets | (0.60) | — | −0.84 | |
| EBIT / total assets | (0.06) | — | −0.18 | |
| Market value of equity / total liabilities | 11.19 | — | 6.71 | |
| Sales / total assets | 0.59 | — | 0.59 | |
| Altman Z-score | Safe zone | 6.43 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.15 | ||
Z and Z″ put Procore Technologies, Inc. in different zones: safe zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| APPF AppFolio, Inc. compare | 37.8× |
| TTAN ServiceTitan Inc. compare | 19.3× |
| YMM Full Truck Alliance Co. Ltd. Sponsored ADR compare | 13.3× |
| IDCC InterDigital, Inc. compare | 8.1× |
| PCOR Procore Technologies, Inc. | 6.4× |
| BSY Bentley Systems, Incorporated compare | 3.6× |
| ESTC Elastic N.V. compare | 2.1× |
| PCTY Paylocity Holding Corporation compare | 2.0× |
| PAYC Paycom Software, Inc. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets