Procore Technologies' stock surged 8.65% in pre-market trading on Friday, following a strong earnings report released after the previous trading session.

The construction software provider reported fourth-quarter adjusted earnings of $0.37 per share, beating analyst estimates of $0.35. Revenue for the quarter reached $349.1 million, representing a 16% year-over-year increase that also exceeded expectations. Furthermore, the company issued revenue guidance for 2026 that surpassed analyst forecasts, projecting a range of $1.489 billion to $1.494 billion against an estimate of $1.47 billion.

Investor sentiment was further bolstered by the company's announcement of its acquisition of Datagrid to accelerate its artificial intelligence strategy, alongside reported strong growth in high-value customers and a 69% year-over-year increase in free cash flow for the quarter.