Procore reported FY 2025 revenue of USD 1.3 billion, up 15% year over year, with gross profit of USD 1.1 billion and gross margin of 80%. FY 2025 loss from operations was USD 124.3 million and net loss was USD 100.8 million. Current remaining performance obligations (cRPO) were USD 1.0 billion as of December 31, 2025, up 22% year over year, while total RPO was USD 1.6 billion, up 24%. Procore ended FY 2025 with cash, cash equivalents and marketable securities of USD 811.0 million and generated net cash provided by operating activities of USD 300.3 million in FY 2025. Operationally, Procore highlighted continued investment in technology innovation, including AI features and products, and pointed to recent strategic activity including the January 2025 acquisition of Novorender to enhance capabilities for large-scale construction projects, as well as the ongoing rollout of Procore Pay (launched September 2023). The company also said non-U.S. revenue represented 15% of total revenue in FY 2025. Procore reported gross retention rate of 95% as of December 31, 2025 and net retention rate of 106%, while noting pooled volume contracts can make NRR less indicative of usage trends. The company also authorized a new USD 300.0 million stock repurchase program in November 2025 and disclosed USD 100.0 million of repurchases between December 31, 2025 and February 24, 2026 under that program.
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: 0001628280-26-011055), on February 24, 2026, and is solely responsible for the information contained therein.