Strong Revenue Growth
Procore reported a 14.5% year-over-year revenue growth for Q3 2025, consistent with the previous quarter's growth.
Operating Margin Improvement
Non-GAAP operating margins increased to 17%, reflecting a commitment to improving efficiency.
Large Deal Acceleration
The number of 6- and 7-figure deals grew by 31% year-over-year, with over 2,600 customers having $100,000-plus ARR.
New CEO Announcement
Ajei Gopal, with over 35 years of experience, was announced as the next CEO, officially starting on November 10.
Significant Market Share
Procore surpassed $1 trillion in annual construction volume contracted to its platform.
Customer Wins and Expansions
New customers included a large defense contractor and Valvoline Inc., with expansions from Brasfield & Gorrie and others.
AI and Innovation
Procore announced new innovations, including an AI roadmap, to extend their platform advantage.
Stock Repurchase Program
Procore implemented a new $300 million repurchase program for an additional year, following a $129 million repurchase year-to-date.