Procore Reports Strong Q4 & Full Year 2025 Results with Record Free Cash Flow; Issues Positive 2026 Outlook

summarizeSummary

Procore Technologies reported strong Q4 and full year 2025 financial results, including record free cash flow, and provided an optimistic outlook for 2026 with continued growth and margin expansion.

check_boxKey Events

• Strong Q4 & Full Year 2025 Financial Performance

  Reported Q4 2025 revenue of $349 million (16% YOY increase) and full year 2025 revenue of $1,323 million (15% YOY increase). Non-GAAP operating margin reached 15% in Q4 and 14% for the full year.

• Record Free Cash Flow Generation

  Achieved the largest free cash flow quarter in company history with $90 million in Q4 2025. Full year 2025 free cash flow was $215 million, a substantial 69% increase year-over-year.

• Positive 2026 Financial Outlook

  Provided Q1 2026 revenue guidance of $351-$353 million (13-14% YOY growth) and full year 2026 revenue guidance of $1,489-$1,494 million (13% YOY growth), with expected non-GAAP operating margin of 17.5-18% and free cash flow margin of 19%.

• Strategic AI Expansion

  Announced the acquisition of Datagrid to accelerate its AI strategy, aiming to drive efficiency gains across the construction lifecycle.

auto_awesomeAnalysis

Procore Technologies announced robust financial results for the fourth quarter and full year 2025, highlighted by significant revenue growth and record free cash flow. The company achieved its largest free cash flow quarter in history, demonstrating strong operational efficiency and financial health. The positive momentum is expected to continue into 2026, with guidance indicating sustained revenue growth and expanding non-GAAP operating and free cash flow margins. This performance, coupled with strategic moves like the Datagrid acquisition to accelerate AI initiatives, suggests a solid trajectory for the company.