Procore Technologies Inc ( (PCOR) ) has released its Q2 earnings. Here is a breakdown of the information Procore Technologies Inc presented to its investors.
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Procore Technologies, Inc., a prominent player in the construction management software sector, continues to drive digital transformation in the construction industry with its comprehensive technology platform. In its second quarter of 2025, Procore reported a revenue of $324 million, marking a 14% increase year-over-year, and maintained a strong gross margin of 79% on a GAAP basis. The company also highlighted a significant milestone with a 95% gross revenue retention rate and a 15% increase in organic customers contributing over $100,000 in annual recurring revenue.
Key financial metrics for the quarter included a GAAP operating margin of -9% and a non-GAAP operating margin of 13%, alongside a free cash inflow of $11 million. Procore’s strategic initiatives were underscored by the acquisitions of Novorender and Flypaper Technologies, aimed at enhancing its Building Information Modeling capabilities. Additionally, the company achieved a ‘FedRAMP In Process’ designation, further expanding its reach in the federal sector.
Looking ahead, Procore projects third-quarter revenue to be between $326 million and $328 million, with a non-GAAP operating margin of 13% to 13.5%. For the full year 2025, the company anticipates revenue growth of 13%, reaching up to $1,302 million, while maintaining a non-GAAP operating margin within the same range. Procore’s management remains optimistic about future growth opportunities and profitability improvements, positioning the company for continued success in the evolving construction technology landscape.