David Hynes

Dylan Becker

Jason Celino

Saket Kalia

Adam Borg

Brent Bracelin

Joseph Vruwink

Daniel Jester

Kash Rangan

Alexei Gogolev

Brent Thill

Daniela Campo Gomez

Joe Vruwink

Ken Wong

Luv Sodha

Nicholas Altmann

Sameer Kalucha

Samer Samana

Taylor McGinnis

- Procore is making significant platform investments in AI, rebranding its intelligence layer as **Helix**, which integrates AI-powered features like assist, agents, and advanced analytics, built on foundational technologies like Databricks' Delta share.  **[0001611052_2188314_1]** **[0001611052_2188314_5]** 
- The company is strategically increasing its focus on the **owner segment**, which already accounts for **25% of its ARR**.  **[0001611052_2188314_11]**  This includes expanding into the planning and operate phases of construction, offering solutions for portfolio management, planning, and funding, and exploring new monetization models like seat-based licensing.  **[0001611052_2188314_12]** **[0001611052_2188314_29]** 
- **Procore Connect is a key initiative to enhance collaboration** between owners, general contractors, and subcontractors, facilitating seamless information exchange and creating a unique network effect within the construction industry.  **[0001611052_2188314_13]** **[0001611052_2188314_18]** 
- Procore is also **extending its platform capabilities through a Developer Studio**, enabling custom objects, data integration, and advanced workflow orchestration, which is expected to open up a wide variety of use cases and increase extensibility for customers and partners.  **[0001611052_2188314_8]**

Procore Details AI, Platform Investments, and Owner-Centric Strategy

- Procore held its 2025 Investor Q&A Session on **October 16, 2025**, where it highlighted **Procore Helix**, its construction intelligence layer comprising AI, analytics, and agentic workflows.  **[0001611052_2188749:0]** **[0001611052_2188749:8]** 
- The company is prioritizing customer adoption of **Procore Helix** products, such as **Assist (Generally Available)** and **Agents (In Open Beta)**, with monetization intended for the future after assessing value.  **[0001611052_2188749:8]** **[0001611052_2188749:10]** 
- The "Owner" segment represents a significant portion of the business, contributing **25% of Total ARR** from **3,200+ customers**, including **34 owners with over $1M+ ARR**.  **[0001611052_2188749:11]** 
- **Ajei Gopal** has been named Chief Executive Officer Designate.  **[0001611052_2188749:0]** **[0001611052_2188749:26]**

PCOR Highlights Procore Helix AI Strategy and Owner Segment Growth

- **Procore Technologies** has appointed **Ajei Gopal** as its next CEO, effective **November 10, 2025**, with founder Tooey Courtemanche transitioning to Chairman of the Board.  **[1611052_7fd6575c87d74a0f9afea1138a20a7a3]** 
- The company reaffirmed its **Q3 2025 revenue guidance** of **$326 million to $328 million** and **full fiscal year 2025 revenue guidance** of approximately **$1.3 billion**, alongside a projected non-GAAP operating margin of **13% to 13.5%** for the year.  **[1611052_7fd6575c87d74a0f9afea1138a20a7a3]** 
- Despite current profitability challenges, analysts maintain a **positive outlook** on Procore, with a **Buy rating** and an **$80 price target**, citing strong revenue growth.  **[1611052_7fd6575c87d74a0f9afea1138a20a7a3]** 
- Procore demonstrates strong financial resilience, indicated by an **Altman Z-Score of 7.78** and a conservative **debt-to-equity ratio of 0.05**.  **[1611052_7fd6575c87d74a0f9afea1138a20a7a3]**

Procore Technologies Appoints New CEO and Reaffirms 2025 Guidance

PROCORE TECHNOLOGIES (PCOR)