Procore Technologies Inc

Latest Results (13.11.2025):

Procore Technologies Inc reported its Q3 2025 financial results, marking a strong quarter with revenue reaching $339 million—up 15% year-over-year—and significant improvements in operating leverage. The company's leadership highlighted robust cash flow—with an operating cash inflow of $88 million and free cash inflow of $68 million (a 194% increase YoY)—along with ongoing strategic investments in AI innovations and customer growth, all setting the stage for a solid outlook into Q4 2025 and the full fiscal year.

Revenue and Growth

Revenue for Q3 2025 hit $339 million, reflecting a 15% increase year-over-year, and reinforcing Procore Technologies Inc’s market leadership in construction management software.

Margins and Cash Flow

GAAP and non-GAAP results demonstrated strong margins, with an 80% GAAP gross margin and a 84% non-GAAP gross margin. Non-GAAP operating margin stood at 17%, while operating cash inflow reached $88 million, supporting the company’s efficient growth narrative.

Customer Achievements and Innovation

Procore maintained a 95% gross revenue retention rate and expanded its organic customer base, adding 122 net new organic customers to reach 17,623. The quarter also saw the announcement of enhanced AI features and a strategic collaboration with AWS, underpinning future product innovation.

Future Guidance and Leadership Transition

Looking ahead, Q4 2025 revenue is expected to range between $339 million and $341 million with a non-GAAP operating margin of 14.4%, while full-year 2025 revenue is projected at approximately $1,313 million. The transition to new CEO Ajei Gopal further underlines the company’s commitment to sustained growth and value creation for shareholders.