NYSE$PCOR

Procore Technologies Inc. · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

PCOR reported Q4 2025, revenue of $349.1M, net loss of $37.6M, diluted EPS of $-0.25.

For Q4 2025, PCOR reported revenue of $349.1M, a net loss of $37.6M, diluted EPS was $-0.25, adjusted diluted EPS was $0.37. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $349.1M.
  • Net loss $37.6M.
  • Diluted EPS $-0.25.
  • Adjusted diluted EPS $0.37.

Headline financials

Total Revenue

$349M

Previous: $302M+15.6%
EPS (adj)

$0.37

Previous: $0.01+3600.0%
Gross Revenue Retention Rate

95.0%

No prior period
Customers over $100K ARR

2.7K

Previous: 2.3K+16.0%
Customers over $1M ARR

115

Previous: 86+33.7%
Net New Organic Customers

227

No prior period
Total Organic Customer Count

17.9K

No prior period
GAAP Gross Margin

80.0%

Previous: 81.0%-1.2%
Non-GAAP Gross Margin

84.0%

Previous: 85.0%-1.2%
GAAP Operating Margin

-12.0%

Previous: -22.0%+45.5%
Non-GAAP Operating Margin

15.0%

Previous: -1.0%+1600.0%
Operating Cash Inflow

$114M

Previous: $29.1M+292.3%
SBC as % of Revenue

23.0%

No prior period
SBC (excl. charge) as % of Revenue

17.0%

No prior period
Revenue from 4+ Products

78.0%

No prior period
Revenue from 6+ Products

52.0%

No prior period
Net Income

-$37.6M

Previous: -$62.3M+39.6%
Operating Income

-$42.8M

Previous: -$66.2M+35.4%
Gross Profit

$280M

Previous: $245M+14.1%

Revenue & EPS history

Procore · Revenue · Quarterly

$349M

Q4 2025+15.6%vs Q4 2024
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

The release discusses PCOR's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • PCOR cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.4%

Avg return

Earnings day

-1.2%

Avg return

5 days after

-0.5%

Avg return

30 days after

60%

12 / 20 earnings

Positive

+16.5%

Q4 2024

Best reaction

-20.1%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.9%-8.4%-11.2%
Q4 2025+9.3%+10.8%+19.4%
Q3 2025+10.6%+10.2%+8.4%
Q1 2025+2.5%+2.0%+6.3%
Q4 2024+16.5%+15.2%-9.3%
Q3 2024+3.5%+5.0%+28.0%
Q2 2024-20.1%-25.5%-16.6%
Q1 2024+1.2%+0.1%-1.9%
Q4 2023+3.3%+3.7%+6.9%
Q3 2023-17.4%-16.9%-1.2%
Q2 2023-11.2%-14.5%-10.1%
Q1 2023+4.8%+2.3%+16.7%
Q4 2022+1.3%+0.5%-5.7%
Q3 2022-1.7%-3.9%-5.7%
Q2 2022+14.8%+18.3%-0.3%
Q1 2022-5.9%-15.1%-14.9%
Q4 2021-6.8%+2.1%-6.0%
Q3 2021-1.5%-1.7%-17.5%
Q4 2020+0.2%-1.1%+4.0%
Q2 2021-1.2%-6.5%+1.0%
Q1 2021
Q3 2020
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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