On this page of StockholderLetter.com we present the 4/26/2023 shareholder letter from PROCORE TECHNOLOGIES, INC. — ticker symbol PCOR. Reading current and past PCOR letters to shareholders can bring important insights into the investment thesis.
012345 17 898 5523 17 214 1 5 1 2 25 5 2 -%%./& 0!1 2

0123415567896 6513 6 93 9 6 96 1 2556 6 35 1 1 13 2 36 6 3 6 1 2 6 925 966 3 665 2 2 3 639 2 91362 3 1 2 6713 3 929 3 5 965 12 6 19 6 93 9 6 6 5 312 6392 1 2 71 5 63 6 529 6 3679 2 6 32 32 93 9 31 3 529 63 3 67 13 1 13256 932963 2 1 259 6 932963 96 191396 67 2991 6 1 9 5 6 19 1 13 6 1 6 93 9 6 6 2 56 25 529 63 15 912 5 6311 1 95 19913 2 2 12 9 291 3 2 31 131763 7 59 2915 1 1 9 1 13 6 1!2 6 3 52 19 "1# 1 1 99152 9$%& 123 763 96723 6 3 6 6 36 915 1 6 1 13 6 1 6 93 9 6 2 7 29# 512396 1 71#31' 9 199 92391 (2 3291 5929 6 2312 2396 6 3'6 3 1 639 9 6 )3 9 25 56 25 93 2 2 6 9 9 2 6 9 91 9 3171 2 596 1913 63 5 (2 512 1 96 91 6 962991 91$%$*2 25 119 6 96 6513 +91, 25-119 ./6 03663111 656 1 ( 201527231 63 6329 6 1 1 25-119 7 55 1 15 39 255 25 171 2 9 6 "1 1 2 2 13 $%$* 294 %%2 02 1 1 "1 7 55 12 39 25 119 63 29 6391 25-119 96 36 12 6 91 91 13 1 196255 96 6513 31 2351 6 5629 6 9631 1911 36 1 925 296 6 3 119 2 96 2 5 9291 96 6513 239 29 6 896 6513 6 3163 2 962991 91 39 25 119 295556789:;<9=>6=9?@ABCD 9 6 25192 5 6 67 962991 2 239 291 91 25-119 + 5 63 1 1 2567 13 /2 91 1 96 1 6 91 2991 25-119 231 36 1 9 36 9291 1 9 2 71552 91E69 16 ( 913 19 2 52 5 9 6 036 -2913 25 +91 ,E69 1./ 1 1E69 125 6 36 1 93 9 6 6 6796 6916 5 163 9151 6 1 "1 2 125 6 2 12 2 52 51 6 1 6 91 36 2913 25 7 5 16 3$%$$ 25F1 6396 463 G%)H 6391 25 1231 1 011 13*G $%$$+6 3,$%$$463 G%)H./ 7 9 9 36 9291 1 9 "11 6 32 1 6 96312 6 3 $%$$463 G%)H2 9 5 1 6 32 91 2 25 9291 1 9 2 36 1 6392 9 63 29 6 2 6 96 3 1 "1231 36 ( 913 192 1 966 3 36 2913 25 5 1 6 2 5 3 91 6 1 9631 191 6 9 2 6 291 7 9 6 3 25-119 2 567136 31 36 1 925 29 2557 96 9 1 29 15 2 19 6 3 96 6513 #2 5 9 96 9 15 2 1 36 2913 25 ( 6 7 96311 12 6 6 36 2913 25 2 5631 2 529 6 23 1 512 131 13 9691 93 9 6 91E69 1 I6 3 691 6392 9 " 191363 69 6 52 96 239 291 91 25-119 512 1 6912 66 2 6 51 2 319 3 2 36 23 63 6 3( 913 19639151 6 69 91 2 2 16 91 25-119 I6 3 691 36 7 551 31 6 331 31 1 929 6 2991 25-119 31 2351 6 7 1913 6 2991 91 25 -119 1 2 6 63 6 3 6 9 1 6396 036631 JKLMNOPQQRSTUVJQWKXRYLZ[\R]^KV 46 13 031 1 9 1 _ 1 9 1 13 2 2 36 91`623 6 0 31963
012345678391891396 8 1 69
 • shareholder letter icon 4/26/2023 Letter Continued (Full PDF)
 • stockholder letter icon 4/25/2024 PCOR Stockholder Letter
 • stockholder letter icon 4/24/2025 PCOR Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon PCOR Benford's Law Stock Score = 91


PCOR 4/26/2023 Shareholder/Stockholder Letter Transcript:

012345  17  898   
     5523   17  
 214  1  5       
  1     2 25 5 2
-%%./&  0!1  2


0123415567896 6513  
 6  93 9 6 96  1 2556 6 35  1 1 13  2   36 6 3 6 1 2  6   925  966 3  665 2  2 3 639  2  91362   
 3  1  2   6713 3  929 3         5    965  12  6  19      6  93 9 6   6 5   312         6392 1
2 71   5 63 6  529 6  3679 2     6 32       32 93 9 31 
 3 529 63  3    67 13   1 13256 932963  2    1 259  6 932963 96 191396 67 2991  6 1 9    5 
 6  19   1 13 6 1   6  93 9 6 6 2 56 25 529 63  15  912     5 6311    1 95   19913 2 2 12    9  291
3   2  31  131763 7    59  2915  1 1  9 1 13 6 1!2  6 3 52 19 "1# 1  1 99152 9$%& 123 763   
96723 6 3    6 6    36    915  1 6 1 13 6 1   6  93 9 6  2  7 29#  512396 1  71#31'  9 199    92391  
(2  3291  5929 6 2312 2396 6 3'6 3 1       639   9       6 )3 9 25 56 25     93 2  2 6 9    9 2 6 9
91  9 3171 2    596 1913   63   5  (2  512 1 96    91 6 962991  91$%$*2   25 119   6 
 96 6513 +91,    25-119   ./6 03663111  656  1  (   201527231 63 6329 6  
1 1    25-119   7 55 1 15  39 255    25  171 2 9 6 "1  1 2  2  13 $%$* 294 %%2    02   1  1 "1
7 55  12  39 25 119    63 29 6391    25-119   96 36  12 6    91 91  13 1 196255 96 6513 31 2351  
6 5629 6  9631  1911   36  1 925   296 6 3 119    2  96 2 5 9291 96 6513 239   29 6  
896 6513 6 3163 2       962991  91  39 25 119   295556789:;<9=>6=9?@ABCD    9 6 25192 5 6  67
962991  2   239   291  91    25-119   +  5      63 1 1   2567 13 /2  91     1  96 1 6   91 2991
    25-119   231 36  1   9   36   9291 1 9 2 71552   91E69 16 ( 913 19  2 52  5 9 6 036  -2913 25 +91
,E69 1./ 1 1E69 125 6 36  1    93 9 6  6  6796 6916 5  163  9151  6 1 
"1 2 125 6 2 12 2 52 51 6  1 6 91 36   2913 25  7     5  16 3$%$$    25F1 6396 463 G%)H 6391
   25 1231  1 011  13*G $%$$+6 3,$%$$463 G%)H./ 7 9 9   36   9291 1 9 "11 6 32 1 6 96312 6 3
$%$$463 G%)H2  9  5  1 6 32   91    2  25 9291 1 9 2   36  1    6392 9   63 29 6 2 6 96 3     1   
"1231 36     ( 913 192 1  966 3 36   2913 25   5 1 6  2 5    3  91 6  1 9631  191 6 9 2  6 291
7 9 6 3    25-119   2  567136 31   36  1 925   29 2557 96 9 1 29  15 2  19   6 3 96 6513 #2  5 9 96
9  15 2 1   36   2913 25  (  6 7   96311  12 6  6  36   2913 25    2 5631 2 529 6 23 1  512 131 13
9691   93 9 6    91E69 1 
I6 3 691     6392 9 " 191363 69 6  52 96 239   291  91    25-119     512 1 6912  66 2  6    51  
       2  319 3    2 36   23 63       6 3( 913 19639151  6   69      91   2  2 16 91    25-119    
I6 3 691   36  7 551   31 6 331 31 1 929 6 2991    25-119   31 2351  6 7 1913 6 2991  91    25
-119    
1 2   6  63 6 3 6 9   1     6396 036631 
JKLMNOPQQRSTUVJQWKXRYLZ[\R]^KV
46   13 031  1 9    1 _ 1 9  1    13 2    2 36 91`623 6 0 31963 

012345678391891396
8 1  69  



shareholder letter icon 4/26/2023 Letter Continued (Full PDF)
 

PCOR Stockholder/Shareholder Letter (PROCORE TECHNOLOGIES, INC.) 4/26/2023 | www.StockholderLetter.com
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