Procore Reports Strong Q3 Revenue Growth and 95% Gross Retention Rate

Reuters

2025/11/06

Procore Reports Strong Q3 Revenue Growth and 95% Gross Retention Rate

Procore Technologies Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported a gross revenue retention rate of 95% for the quarter. The number of organic customers contributing more than $100,000 in annual recurring revenue reached 2,602, representing a 15% year-over-year increase. Procore added 122 net new organic customers during the quarter, bringing the total to 17,623 organic customers. The company also highlighted new AI innovations, including expanded features for Procore Assist and the open beta release for Procore Agent Builder, as well as a strategic collaboration agreement with AWS to accelerate AI product innovation and make Procore available in the AWS Marketplace. Procore achieved the Federal Risk and Authorization Management Program (FedRAMP®) "Moderate Equivalency" designation during the quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-049520), on November 05, 2025, and is solely responsible for the information contained therein.

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The company reported a gross revenue retention rate of 95% for the quarter. The number of organic customers contributing more than $100,000 in annual recurring revenue reached 2,602, representing a 15% year-over-year increase. Procore added 122 net new organic customers during the quarter, bringing the total to 17,623 organic customers. The company also highlighted new AI innovations, including expanded features for Procore Assist and the open beta release for Procore Agent Builder, as well as a strategic collaboration agreement with AWS to accelerate AI product innovation and make Procore available in the AWS Marketplace. Procore achieved the Federal Risk and Authorization Management Program (FedRAMP®) \"Moderate Equivalency\" designation during the quarter.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Procore Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001628280-25-049520), on November 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4535","symbol_name":"淡馬錫持倉","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251105:nNDL38Q15K:1","article_id":"2581094107","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2581094107","pubTimestamp":1762376697,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Procore Technologies Inc. announced its financial results for the third quarter ended September 30, 2025. The company reported a gross revenue retention rate of 95% for the quarter. The number of organic customers contributing more than $100,000 in annual recurring revenue reached 2,602, representing a 15% year-over-year increase. Procore added 122 net new organic customers during the quarter, bringing the total to 17,623 organic customers. The company also highlighted new AI innovations, including expanded features for Procore Assist and the open beta release for Procore Agent Builder, as well as a strategic collaboration agreement with AWS to accelerate AI product innovation and make Procore available in the AWS Marketplace. 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