Procore Technologies announced its third‑quarter 2025 results on Wednesday, November 5, 2025. The company earned 42 cents per share, exceeding the 32‑cent consensus estimate, and generated $338.9 million in revenue, outpacing the $328.2 million forecast. The earnings beat reflects stronger-than‑expected demand and efficient cost management in a competitive construction‑software market.
Management lifted its full‑year sales guidance to a $1.312 billion–$1.314 billion range from the previously stated $1.299 billion–$1.302 billion, signaling confidence in continued growth. The company also announced that Ajei Gopal will assume the CEO role next week, with founder Tooey Courtemanche stepping down, marking a significant leadership transition that could influence strategic direction and investor perception.
The results reinforce Procore’s position as the leading cloud‑based platform for the construction industry. The earnings beat and guidance raise suggest that the company’s go‑to‑market evolution and AI‑driven product enhancements are resonating with customers, supporting margin expansion and long‑term value creation. Investors will view the announcement as a positive indicator of Procore’s ability to sustain growth amid macroeconomic uncertainty.
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