revenue $359.3M, net income -$9.1M. Procore narrows loss 72% on strong bookings; Oracle lawsuit drives legal expense spike

Filed May 6, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  Net loss improved to $9.1M from $33.0M YoY (72% reduction) as operating margin expanded 800 bps to -4%; company approaching GAAP profitability on accelerating revenue growth and cost discipline.

  MD&A: Operating Results verify on EDGAR →
• high

  Legal proceedings disclosure changed from 'no material proceedings' to referencing Note 9; Oracle lawsuit drove $8.8M legal fee increase in Q1 2026, representing new litigation risk.

  Legal Proceedings / MD&A: G&A Expense view on EDGAR →
• high

  Current RPO grew 21% YoY to $176.9M with mix shift toward existing customers (41% of growth vs 33% prior year), signaling stronger expansion and retention despite 5% sales headcount reduction.

  MD&A: Bookings & Sales Efficiency verify on EDGAR →