Procore Technologies (PCOR) risk factors
Item 1A of every Procore Technologies, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors38 risks2 new8 dropped12 reworded
Dr. Ajei S. Gopal replaced founder Craig F. Courtemanche, Jr. as CEO in November 2025. Procore added risks regarding remaining performance obligations and government sales. Tax risk disclosures updated to include the OBBBA legislation.
Filed Feb 24, 2026 - FY2024 10-K risk factors44 risks
Procore faces profitability challenges with a $1.2 billion accumulated deficit despite reaching $1,151.7 million in 2024 revenue. Dependence on Amazon Web Services and macroeconomic construction industry sentiment heavily impact platform reliability and growth. Expansion into international markets and regulated payment services like Procore Pay introduce complex compliance risks.
Filed Feb 26, 2025