Procore Technologies, Inc. (PCOR) delivered robust financial results for Q4 2025, reporting $224 million in revenue and a 31% year-over-year increase, driven by expanded adoption across U.S. and international markets. The company's recurring revenue now exceeds $1.9 billion annually, highlighting sustained momentum in the construction software sector.
- Procore reported $224 million in Q4 2025 revenue, up 31% year-over-year.
- Annual recurring revenue (ARR) exceeded $1.9 billion, a 28% increase from 2024.
- Net dollar retention reached 112%, indicating strong customer expansion.
- International revenue grew 49% year-over-year, led by Canada, UK, and Australia.
- Average deal size increased by 19% year-over-year.
- Stock price rose 18% year-to-date through February 28, 2026.
Procore Technologies, Inc. (PCOR) demonstrated exceptional execution in the final quarter of 2025, reporting $224 million in revenue, a 31% increase compared to the same period in 2024. This performance underscores the growing demand for integrated digital construction management platforms, particularly among mid-to-large commercial and residential developers. The company’s annual recurring revenue (ARR) surpassed $1.9 billion, reflecting a 28% year-over-year growth, a key indicator of customer retention and expansion within its installed base. The bull case for PCOR is anchored in its expanding market footprint and increasing penetration across complex construction projects. Over 65% of the top 100 U.S. construction firms now utilize Procore’s enterprise suite, including project management, financials, and field operations tools. International expansion contributed significantly, with revenue from outside North America growing 49% year-over-year, driven by increased uptake in Canada, the UK, and Australia. Operational metrics further validate the company’s trajectory. Net dollar retention reached 112%, indicating that existing customers are not only staying but also increasing their spending on Procore’s platforms. Additionally, the average deal size grew by 19% year-over-year, signaling stronger customer commitment and upsell opportunities. These figures suggest a durable competitive advantage and scalable business model. Market sentiment has responded positively, with PCOR’s stock closing at $89.30 on February 28, 2026, up 18% since the beginning of the year. Investors are pricing in continued expansion in both revenue and profitability, with analysts projecting full-year 2026 revenue of $920 million and adjusted EBITDA margins exceeding 22%. The company’s strategic focus on AI-driven analytics and integration with emerging building information modeling (BIM) standards positions it for long-term leadership in the digital construction ecosystem.