Earnings summaries and quarterly performance for PROCORE TECHNOLOGIES.
Executive leadership at PROCORE TECHNOLOGIES.
Board of directors at PROCORE TECHNOLOGIES.
Brian Feinstein
Detailed
Director
Craig F. Courtemanche, Jr.
Detailed
Chair of the Board
Elisa A. Steele
Detailed
Director
Erin M. Chapple
Detailed
Director
Graham V. Smith
Detailed
Lead Independent Director
Kathryn A. Bueker
Detailed
Director
Kevin J. O’Connor
Detailed
Director
Nanci E. Caldwell
Detailed
Director
William J.G. Griffith IV
Detailed
Director
Research analysts who have asked questions during PROCORE TECHNOLOGIES earnings calls.
Jason Celino
KeyBanc Capital Markets
6 questions for PCOR
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Saket Kalia
Barclays Capital
6 questions for PCOR
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David Hynes
Canaccord Genuity Group Inc.
4 questions for PCOR
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Dylan Becker
William Blair
4 questions for PCOR
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Adam Borg
Stifel Financial Corp.
3 questions for PCOR
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Brent Bracelin
Piper Sandler Companies
3 questions for PCOR
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Brent Thill
Jefferies
3 questions for PCOR
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Joe Vruwink
Baird
3 questions for PCOR
Also covers: ADSK, BSY, CDNS +11 more
Joseph Vruwink
Baird
3 questions for PCOR
Also covers: ADSK, ANSS, BSY +13 more
Daniel Jester
BMO Capital Markets
2 questions for PCOR
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DJ Hynes
Canaccord Genuity
2 questions for PCOR
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Joshua Tilton
Wolfe Research
2 questions for PCOR
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Kash Rangan
Goldman Sachs
2 questions for PCOR
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Ken Wong
Oppenheimer & Co. Inc.
2 questions for PCOR
Also covers: ADSK, ALTR, GDDY +9 more
Matthew Martino
Goldman Sachs
2 questions for PCOR
Also covers: BSY, DDOG, DT +4 more
Will Hancock
BMO Capital Markets
2 questions for PCOR
Alexei Gogolev
JPMorgan Chase & Co.
1 question for PCOR
Also covers: ALKT, BABA, BSY +14 more
Daniela Campo Gomez
UBS
1 question for PCOR
Ken Wong
Oppenheimer & Co.
1 question for PCOR
Also covers: GWRE, SMWB, WIX
Luv Sodha
Jefferies
1 question for PCOR
Also covers: DBX, ZUO
Nicholas Altmann
Scotiabank
1 question for PCOR
Also covers: AMPL, APPN, BRZE +8 more
Sameer Kalucha
Mizuho Securities
1 question for PCOR
Samer Samana
Mizuho Securities
1 question for PCOR
Taylor McGinnis
UBS
1 question for PCOR
Also covers: ADSK, AMPL, ASAN +15 more
Recent press releases and 8-K filings for PCOR.
Procore Technologies Reports Strong Q3 2025 Results, Announces CEO Transition, and Raises Full-Year Guidance
PCOR
Earnings
CEO Change
Guidance Update
- Procore Technologies reported Q3 2025 revenue of $339 million, a 14.5% year-over-year increase, and a non-GAAP operating margin of 17%.
- The company announced a leadership transition, with Ajay Gopal appointed as the new CEO, effective November 10th, while founder Tooey Courtemanche will transition to Chair of the Board.
- Procore raised its full-year fiscal 2025 guidance, projecting revenue between $1.312 billion and $1.314 billion (14% year-over-year growth) and a non-GAAP operating margin of 14%.
- A new $300 million share repurchase program was implemented, following $129 million in repurchases year-to-date.
Nov 5, 2025, 10:00 PM
Procore Technologies Reports Q3 2025 Results and Announces CEO Transition
PCOR
Earnings
CEO Change
Guidance Update
- Procore Technologies reported Q3 2025 revenue of $339 million, an increase of 14.5% year over year, with non-GAAP operating income reaching $59 million for a 17% non-GAAP operating margin.
- The company announced that founder Tooey Courtemanche will transition from CEO to Chair of the Board, with Ajay Gopal appointed as the new CEO effective November 10th.
- Procore raised its full-year fiscal 2025 revenue guidance to between $1.312 billion and $1.314 billion (14% year-over-year growth) and its non-GAAP operating margin guidance to 14%.
- A new $300 million share repurchase program was implemented for a one-year period, following approximately $129 million in stock repurchases year-to-date.
Nov 5, 2025, 10:00 PM
PCOR Reports Strong Q3 2025 Results, Announces New CEO, and Raises Full-Year Guidance
PCOR
Earnings
CEO Change
Guidance Update
- Procore reported strong Q3 2025 financial results, with revenue reaching $339 million, a 14.5% year-over-year increase, and a non-GAAP operating margin of 17%.
- Ajay Gopal will assume the role of CEO on November 10th, with the current CEO transitioning to Chair of the Board.
- The company raised its full-year 2025 revenue guidance to a range of $1.312 billion to $1.314 billion and its non-GAAP operating margin guidance to 14%.
- A new $300 million share repurchase program has been implemented.
- Procore achieved 31% year-over-year growth in six and seven-figure deals and surpassed $1 trillion in annual construction volume contracted to its platform, demonstrating strong market share gains despite a challenging construction macro environment.
Nov 5, 2025, 10:00 PM
Procore Announces Third Quarter 2025 Results, Guidance, and New Stock Repurchase Program
PCOR
Earnings
Guidance Update
Share Buyback
CEO Change
- Procore reported Q3 2025 revenue of $339 million, an increase of 15% year-over-year, with a non-GAAP operating margin of 17% and free cash inflow of $68 million, which increased 194% year-over-year.
- The company issued Q4 2025 revenue guidance in the range of $339 million to $341 million and full-year 2025 revenue guidance between $1,312 million and $1,314 million.
- Procore's Board of Directors authorized a new stock repurchase program on November 3, 2025, to repurchase up to $300 million of outstanding common stock, set to expire on November 3, 2026.
- Ajei Gopal is scheduled to step into the CEO role next week.
Nov 5, 2025, 9:05 PM
Procore Announces Q3 2025 Financial Results, Guidance, and New Stock Repurchase Program
PCOR
Earnings
Guidance Update
Share Buyback
- Procore Technologies, Inc. reported Q3 2025 revenue of $339 million, a 15% year-over-year increase, with a non-GAAP operating margin of 17% and free cash inflow of $68 million, marking a 194% year-over-year increase.
- The company provided Q4 2025 revenue guidance in the range of $339 million to $341 million and full-year 2025 revenue guidance between $1,312 million and $1,314 million, with a full-year non-GAAP operating margin outlook of 14%.
- Procore's Board of Directors authorized a new stock repurchase program of up to $300 million of common stock, which will expire on November 3, 2026.
- Ajei Gopal is set to become the new CEO next week, succeeding Tooey Courtemanche.
Nov 5, 2025, 9:04 PM
Procore Details AI, Platform Investments, and Owner-Centric Strategy
PCOR
Product Launch
New Projects/Investments
Revenue Acceleration/Inflection
- 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.
- The company is strategically increasing its focus on the owner segment, which already accounts for 25% of its ARR. 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.
- 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.
- 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.
Oct 16, 2025, 2:00 PM
PCOR Highlights Procore Helix AI Strategy and Owner Segment Growth
PCOR
Product Launch
New Projects/Investments
CEO Change
- 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.
- 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.
- 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.
- Ajei Gopal has been named Chief Executive Officer Designate.
Oct 16, 2025, 2:00 PM
Procore Technologies Appoints New CEO and Reaffirms 2025 Guidance
PCOR
CEO Change
Guidance Update
- Procore Technologies has appointed Ajei Gopal as its next CEO, effective November 10, 2025, with founder Tooey Courtemanche transitioning to Chairman of the Board.
- 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.
- Despite current profitability challenges, analysts maintain a positive outlook on Procore, with a Buy rating and an $80 price target, citing strong revenue growth.
- Procore demonstrates strong financial resilience, indicated by an Altman Z-Score of 7.78 and a conservative debt-to-equity ratio of 0.05.
Sep 22, 2025, 8:28 PM
Procore Technologies Discusses Revenue Growth, Margin Expansion, and CEO Search
PCOR
Guidance Update
CEO Change
New Projects/Investments
- Procore reported 14% revenue growth last quarter, significantly outperforming the -2% growth in the non-residential and multifamily US construction market. The company guides for 13% revenue growth for the full year (FY 2025) and anticipates achieving 20-35% free cash flow margins in the future, driven primarily by sales and marketing leverage.
- General contractors constitute 60% of Procore's business, with owners making up 25% and subcontractors the remainder, with owners and subcontractors currently growing faster. Half of Procore's approximately 17,000 customers were previously collaborators.
- The search for a new CEO is in advanced talks with experienced software operators. Procore is also advancing its AI agent products, with positive beta feedback, and its fintech offering, Procore Pay, is gaining traction, particularly among North American general contractors. The company's M&A strategy under the current administration focuses on $50-100 million MAX per year in tuck-in acquisitions.
Sep 10, 2025, 7:25 PM
Procore Discusses FY 2025 Outlook, Go-to-Market Changes, and Procore Pay at Barclays Conference
PCOR
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Procore provided an early guide for FY 2025 revenue growth of 11% and a non-GAAP operating margin of 13%, noting that FY 2025 is a transition year with a "much better P&L" anticipated in FY 2026.
- The company is implementing significant go-to-market changes, including a shift to a general manager model and adding net about a couple of 100 resources (generalist AEs, specialist AEs, and technical specialists) to enhance customer engagement and productivity, preparing for an upswing in the construction market.
- Procore Pay is in its early stages with positive customer feedback, but is not expected to have a meaningful financial impact in FY 2025, with revenue recognized on a net basis.
- Procore's capital allocation philosophy prioritizes increasing free cash flow per share, with a pecking order of investing in efficient organic growth, tuck-in M&A, and then share buybacks, targeting mid-term and long-term free cash flow of 25% and 40% respectively.
- The demand environment has been fairly stable through Q1, Q2, and Q3 of FY 2024, with this stability assumed to persist through FY 2025, though positive customer sentiment has not yet translated into increased buying behavior.
Dec 11, 2024, 9:20 PM
Quarterly earnings call transcripts for PROCORE TECHNOLOGIES.
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