Procore Technologies delivered a strong Q3 2025 with a 14.5% year-over-year revenue growth and announced a leadership transition with Ajei Gopal set to take over as CEO.
- Revenue growth of 14.5% year-over-year, consistent with previous quarters, highlighting strong business momentum.
- Non-GAAP operating margins improved to 17%, reflecting enhanced efficiency measures.
- A significant increase in large deals, with 31% year-over-year growth in 6- and 7-figure contracts, and over 2,600 customers generating $100,000+ ARR.
- Procore surpassed $1 trillion in annual construction volume, showcasing its ability to gain market share despite industry headwinds.
- Leadership transition with Ajei Gopal stepping in as CEO on November 10, bringing over 35 years of experience in tech and a proven track record of value creation.
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