PCOR
Procore Technologies, Inc.
Is PCOR Halal?
Construction-management and collaboration software — generally permissible activity whose known asset-based ratios pass, with activity classification incomplete.
What You Should Know
Procore's March 31, 2026 Form 10-Q reports assets of $2,108.448 million, finance-lease debt of $27.904 million, cash of $386.035 million, marketable securities of $205.478 million, receivables of $184.692 million and quarterly revenue of $359.283 million. Debt/assets is 1.32%, liquidity/assets is 28.05%, receivables plus cash/assets is 27.07% and interest plus accretion income is a conservative upper bound of 1.54% of revenue. Known ratios pass; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Known asset-based ratios pass, but no universal prohibited-revenue numerator is disclosed
- •Construction-project and customer end-use mix
- •Payments and financial-workflow features
- •Interest and accretion income are a conservative upper bound; no fixed purification percentage asserted
- •Marketable-securities and contract-asset presentation require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
27.904 / 2,108.448
591.513 / 2,108.448
570.727 / 2,108.448
5.519 / 359.283
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 1.32%, liquidity/assets is 28.05%, receivables-plus-cash/assets is 27.07% and the conservative income upper bound is 1.54%; known ratios pass, while activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass; this is not an index-membership claim and activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and conservative income ratios pass; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored.
Business-activity disclosure
Procore provides cloud construction-management, project-finance and collaboration software. The general software activity is generally permissible, while payments, customer projects and end uses are not reduced to a universal prohibited-revenue numerator.
Limitation: The filing does not classify customer project categories or payment activity by a universal Sharia category; the activity conclusion remains qualitative.
Purification
Interest and accretion income are used as a conservative upper bound; ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Procore's March 31, 2026 Form 10-Q.
- Finance-lease liabilities total $27.904 million and are included; operating lease liabilities are excluded.
- Cash is $386.035 million and current marketable securities are $205.478 million; no non-current securities balance is reported at period end.
- Net accounts receivable is $184.692 million and first-quarter revenue is $359.283 million.
- Interest income is $4.522 million and accretion income on available-for-sale debt securities is $0.997 million; their $5.519 million total is used as a conservative upper bound, not a fixed purification prescription.
- Construction-management software is generally permissible, but no universal prohibited-revenue numerator is disclosed.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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