Procore Reports Strong 2025 Growth, Eyes AI as Next Catalyst
Event summary
- Procore reported $349 million in Q4 2025 revenue, up 16% YoY, and $1.32 billion for the full year, up 15% YoY.
- The company achieved its largest free cash flow quarter ever at $90 million.
- Procore added 227 net new organic customers in Q4, ending the year with 17,850 total organic customers.
- The number of customers contributing over $1 million in annual recurring revenue grew 34% YoY to 115.
- Procore acquired Datagrid to accelerate its AI strategy and enhance data integration.
The big picture
Procore's strong 2025 financial results highlight its leadership in construction management software. The company is positioning AI as the next catalyst for growth, aiming to drive efficiency gains across the industry. With a focus on high-value customers and strategic acquisitions, Procore is well-positioned to capitalize on the digitization of the construction sector.
What we're watching
- AI Integration
- How Procore's acquisition of Datagrid will accelerate its AI strategy and drive efficiency gains across the construction lifecycle.
- Customer Expansion
- Whether Procore can sustain its 16% YoY growth in high-value customers contributing over $100,000 in annual recurring revenue.
- Operational Efficiency
- The pace at which Procore can improve its non-GAAP operating margin, which reached 15% in Q4 2025.
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