Overview

* Procore ( PCOR ) Q3 revenue grows 15% yr/yr, beating analyst expectations

* Free cash inflow for Q3 rises 194% yr/yr

* The construction management software firm on Nov. 3 announced new $300 mln stock repurchase program

Outlook

* Procore expects Q4 2025 revenue between $339 mln and $341 mln

* Procore ( PCOR ) sees full-year 2025 revenue between $1,312 mln and $1,314 mln

* Company anticipates Q4 non-GAAP operating margin of 14.4%

Result Drivers

* CUSTOMER RETENTION - Achieved a gross revenue retention rate of 95% in Q3, supporting consistent revenue growth

* AI INNOVATIONS - Announced new AI features at Groundbreak 2025, including Procore Assist and Procore Agent Builder

* AWS COLLABORATION - Strategic Collaboration Agreement with AWS to accelerate AI product innovation and establish Procore ( PCOR ) availability in AWS Marketplace

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $338.85 $328.20

Revenue mln mln (20

Analysts

)

Q3 EPS -$0.06

Q3 Net -$9.10

Income mln

Q3 Gross 80.00%

Margin

Q3 84.00%

Adjusted

Gross

Margin

Q3 Gross $270.09

Profit mln

Q3 $285.12

Operatin mln

g

Expenses

Q3 -$15.03

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy"

* Wall Street's median 12-month price target for Procore Technologies Inc ( PCOR ) is $82.00, about 13.8% above its November 4 closing price of $70.69

* The stock recently traded at 44 times the next 12-month earnings vs. a P/E of 51 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)