Procore Technologies exceeded Q4 guidance, with 15% revenue growth, a 14% non-GAAP operating margin for fiscal 2025, and record Q4 free cash flow of $90M. New CEO Ajei Gopal emphasized an AI strategy and the acquisition of Datagrid to create Procore AI. Procore added multiple ENR 400 customers, with 2,700 customers at $100K+ ARR and 115 customers at >$1M ARR. Procore for Government achieved FedRAMP Moderate authorization and won a seven-figure international data-center deal. The company plans to launch specialized products in 2026 and offer AI-driven productivity gains in construction. CFO Howard Fu reported Q4 total revenue of $349M, up 15.6% YoY, and guided Q1 fiscal 2026 revenue to $351M-$353M and full-year revenue to $1.489B-$1.494B.
Read more at Yahoo Finance: Procore Technologies Q4 Earnings Call Highlights
