Quarterly ResultApr 26, 2026, 05:30 AM
PROCORE 2025 Revenue $1.323B (+15%); FCF $217M (+70%)
AI Summary
Procore Technologies reported excellent 2025 annual results, with total revenue reaching $1.323 billion, a 15% year-over-year increase, and free cash flow growing 70% to $217 million. The company expanded its non-GAAP operating margin by 400 basis points to 14%. Strategic initiatives included acquisitions of Novorender, FlyPaper, and Datagrid to enhance BIM and AI capabilities, alongside achieving FedRAMP Moderate Authorization for its government solution. The company also announced its Annual Meeting on June 4, 2026, to elect directors, ratify the auditor, and hold an advisory vote on executive compensation.
Key Highlights
- 2025 total revenue reached $1.323 billion, up 15% year-over-year.
- Non-GAAP operating margin expanded 400 basis points to 14%.
- Net cash provided by operating activities was $300 million.
- Free cash flow increased 70% year-over-year to $217 million.
- Acquired Novorender, FlyPaper, and Datagrid to boost BIM and AI capabilities.
- Achieved FedRAMP Moderate Authorization for its government solution.
- Annual Meeting on June 4, 2026, to elect directors and ratify auditor.
- Stockholders to vote on executive compensation on an advisory basis.