Procore Tech (PCOR) Reports Q4 2025 Revenue Growth of 15.6% to $349M Driven by High-Value Customer Expansion

Core Insights - Procore Technologies Inc. reported Q4 2025 revenue of $349 million, reflecting a 15.6% year-over-year increase, driven by strong performance in high-value customer segments [1][5] - The company is experiencing rapid adoption of its AI initiatives, with 66,000 unique active users and nearly 700 customers utilizing the platform for custom agent creation [2] - Procore's revenue guidance for 2026 is set between $1.489 billion and $1.494 billion, indicating a moderated growth rate of 13% [3] Financial Performance - Q4 2025 revenue reached $349 million, marking a 15.6% increase compared to the previous year [1][5] - The company has expanded its customer base to over 2,700 clients with at least $100,000 in annual recurring revenue (ARR) [1] AI Initiatives - Procore's AI initiatives have gained traction, with 66,000 unique active users and nearly 700 customers creating thousands of custom agents [2] - The acquisition of Datarid aims to enhance Procore's advanced reasoning and integration capabilities [2] Market Challenges - The company is navigating a challenging construction environment, noting negative growth in the US non-residential and multi-family sectors, along with macroeconomic pressures affecting international expansion [2] Future Outlook - Procore plans to evolve its AI monetization strategy through new product bundles and consumption-based components to address labor shortages and productivity challenges in the construction industry [3]