🚀 acceleratinghigh confidence2-3 yearsVertical SaaS

Construction Tech SaaS

Procore Q1 2026: $359M revenue (16% YoY), guiding $1.5B for full year. Non-GAAP margin expanded to 17%. 2,795 customers above $100K ARR.

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Growth Overview

9.7%

CAGR

+31%

YoY Growth

+85%

Search Growth

$24.7B

by 2034

12-Month Trend

Growth Rate

0%25%50%

Market Size Projection

$11.8B

Current (2025)

$24.7B

by 2034

Overview

Software for construction project management, estimating, scheduling, safety compliance, and field documentation. The construction management software market is worth $11.8B in 2026 and growing at 9.7% CAGR to reach $24.7B by 2034. Procore posted Q1 2026 revenue of $359M (16% YoY) with non-GAAP operating margin of 17% (up from 10%). Full-year 2026 guidance: $1.499-1.503B. Gross revenue retention at 95%, with 2,795 customers above $100K ARR (up 16%). Free cash flow margin guidance of 19%. Global contech investment reached $6.57B in 2025 across 337 deals.

What's Driving This Growth?

▸439,000-worker labor shortage forcing productivity gains through software and AI adoption
▸Safety and compliance regulations tightening across all markets
▸AI-focused contech startups captured 46% of all contech funding in Q1 2025
▸90% of surveyed investors plan to increase or maintain ConTech investments in 2026

Market Signals

✓Procore Q1 2026: $359M revenue (16% YoY), non-GAAP margin 17%; full-year guidance $1.5B; 2,795 customers above $100K ARR (up 16%)
✓Procore acquired Datagrid (vertical AI firm) in Jan 2026; gross revenue retention 95%; free cash flow $56M (up 20% YoY)
✓AI-focused ConTech funding hit $521M in Q1 2026, highest since 2021; 90% of investors plan to increase ConTech investments