What is Procore Technologies, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Procore Technologies, Inc.'s reported free cash flow gives $65.64 per share. The share price was $76.46 on November 9, 2026, 16% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $41.30 | -46% |
| Base | 15.0% | 9.0% | $65.64 | -14% |
| Bull | 20.0% | 8.0% | $110.98 | +45% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $84.08 | $89.83 | $96.85 | $105.63 | $116.92 |
| 8.0% | $70.23 | $73.96 | $78.36 | $83.65 | $90.11 |
| 9.0% | $60.15 | $62.70 | $65.64 | $69.07 | $73.13 |
| 10.0% | $52.51 | $54.33 | $56.38 | $58.73 | $61.44 |
| 11.0% | $46.54 | $47.86 | $49.35 | $51.02 | $52.91 |
Where the presets come from
Base: years 1 to 5 grow at Procore Technologies, Inc.'s revenue growth rate over the last 4 fiscal years (34.8% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions