Procore Technologies, Inc. Q3 2025 Earnings Recap

PCOR Q3 2025 November 6, 2025

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.

Earnings Per Share Beat

$0.42 vs $0.32 est.

+30.1% surprise

Revenue Beat

338851000 vs 328278103 est.

+3.2% surprise

Market Reaction

1-Day +10.55%

5-Day +10.22%

30-Day +5.03%

Key Takeaways

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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit PCOR on AllInvestView.