What is the revenue and EPS growth rate for Procore year over year?

What were the key takeaways from Procore’s earnings call?

What is the market's earnings forecast for Procore next quarter?

What were the key takeaways from Procore's earnings call?

Did Procore beat or miss consensus estimates last quarter?

What is Procore's latest dividend and current dividend yield?

What guidance did Procore's management provide for the next earnings period?

What factors drove the changes in Procore's revenue and profit?

- **Revenue Resilience**: 14.5% YoY growth despite a 27-point decline in U.S. construction growth, outperforming the market by 16.5 percentage points.
- **Margin Expansion**: Non-GAAP operating margin improved 380 basis points QoQ to 17%, with plans for further profitability gains.
- **Strategic Win**: $10 billion hyperscale data center deal highlights cross-sell success and expansion into high-growth sectors.
- **Leadership Transition**: Ajei Gopal's proven track record at ANSYS positions Procore for future growth under his leadership.
- **AI Innovation**: Launch of Agentic and resource management tools (labor, equipment, materials) drives customer differentiation.

**【CEO Summary Section】**
- **Q3 2025 Performance**: Revenue grew 14.5% YoY, non-GAAP operating margin reached 17%, and large deals (> $100k ARR) increased 31% YoY. The company surpassed $1 trillion in annual construction volume on its platform.
- **Leadership Transition**: Ajei Gopal, former CEO of ANSYS, will succeed Craig Courtemanche as CEO on November 10. Courtemanche emphasized Gopal's operational expertise and alignment with Procore's mission.
- **Market Resilience**: Despite a 27-point decline in U.S. nonresidential construction growth over two years, Procore outperformed the market by 16.5 percentage points in Q3.

**【CFO Financial Commentary】**
- **Financial Highlights**: Q3 revenue of $339 million, non-GAAP EPS of $1.08, and free cash flow focus with a new $300 million stock buyback program.
- **Margin Expansion**: Non-GAAP operating margin improved 380 basis points QoQ, driven by cost control and longer-term contracts.
- **Outlook**: Q4 2025 revenue guidance of $339-341 million (12-13% YoY growth), with full-year non-GAAP operating margin at 14%.

**【Q&A Key Highlights】**
- **Macro Environment**: Construction industry remains cyclical, but Procore's go-to-market model and platform differentiation enable market share gains.
- **Data Center Growth**: Procore signed a $10 billion hyperscale data center deal, reflecting strength in cross-sell and expansion.
- **Customer Retention**: 17% YoY growth in current RPO, driven by longer-term contracts and pooled models offering flexibility.
- **AI and Innovation**: Groundbreak 2025 showcased AI-driven tools like Agentic, with customers expressing excitement over Procore's data advantage.
- **Leadership Transition**: Gopal's first 100 days will focus on onboarding and strategic planning, with no immediate changes to the go-to-market strategy.

Procore Technologies, Inc. (PCOR) Q3 2025 Earnings Call Transcript

- **Revenue Growth**: 14% YoY to $324M, driven by 21% YoY large deal growth and 70-30 cross-sell/volume split. 
- **AI Innovation**: Procore Helix with Assist, Agent Builder, and Developer Studio launched, with agents reducing manual tasks by hours. 
- **Customer Wins**: Key wins with Clayco (full platform adoption), Hit Contracting (AI-driven expansion), and a Fortune 150 utility. 
- **Financial Performance**: Non-GAAP margin 13% (300bps QoQ improvement), FY25 revenue raised to $1.299-1.302B. 
- **Strategy**: FedRAMP expansion, 25% free cash flow margin target, and flexible pricing models for owners. 
- **Q3 Guidance**: $326-328M (10-11% YoY), with Rule of 40 improvement driven by profitability.

**【CEO Summary Section】**
- Q2 revenue grew 14% YoY to $324 million, driven by strong large deal activity (6- and 7-figure deals up 21% YoY) and cross-sell expansion (70-30 split vs historical 80-20). 
- Introduced Procore Helix AI platform with features like Assist (formerly CoPilot), Agent Builder for custom workflows, and Developer Studio for cross-platform integrations. 
- Highlighted customer wins including Clayco (replaced incumbent with full platform adoption), Hit Contracting (expanded ACV due to AI-driven efficiency), and a Fortune 150 utility company (replaced legacy system). 
- Emphasized go-to-market transition progress, with sellers focused on long-term partnerships rather than transactions. 
- Announced FedRAMP in-process designation, expanding federal market access. 

**【CFO Financial Commentary】**
- Q2 non-GAAP operating margin improved 300bps QoQ to 13%, with full-year guidance maintained at 13-13.5%. 
- Current RPO grew 21% YoY, driven by longer contract durations (mid-teens normalized growth). 
- Cross-sell contribution increased due to financial suite adoption, with technical specialists driving 30% of expansion. 
- Q3 revenue guidance: $326-328 million (10-11% YoY), with FY25 revenue raised to $1.299-1.302 billion (13% YoY). 
- Free cash flow margin expected to align with operating margin, with medium-term target of 25% and long-term 40%. 

**【Q&A Key Highlights】**
- **AI Adoption**: Customers prioritizing Procore as system of record for AI-driven workflows, with agents reducing manual tasks by hours. 
- **Go-to-Market Transition**: Stable seller productivity, low deal attrition, and technical specialists driving cross-sell efficiency. 
- **Rule of 40**: 2026 improvement driven by profitability, with focus on margin expansion rather than revenue acceleration. 
- **Macro Environment**: Customers resilient to tariffs, focusing on internal efficiency improvements. 
- **Pricing Models**: Flexibility for owner segment (e.g., per-seat licensing), while ACV remains core for general contractors. 
- **CRPO Dynamics**: Longer contract durations benefiting CRPO growth, expected to normalize by Q4.

Procore Technologies, Inc. (PCOR) Q2 2025 Earnings Call Transcript

- **15% Revenue Growth**: Q1 revenue up 15% YoY, with 20% international growth on constant currency.
- **AI-Driven Efficiency**: Early AI agents automate project management tasks, helping customers navigate tariffs.
- **Strong Customer Expansion**: Won deals with semiconductor, real estate, and healthcare clients, doubling ARR from existing customers.
- **Profitability Targets**: Aiming for 25% free cash flow margin in medium term, 40% long-term.
- **Resilient Guidance**: Maintained FY25 guidance despite tariff uncertainty, with $1.29B revenue target.


**【CEO Summary Section】**
- **Revenue Growth and Market Resilience**: Q1 revenue increased 15% YoY, driven by North American recovery and strong international growth (20% on constant currency). Over 2,400 customers now contribute >$100k ARR.
- **AI-Driven Productivity**: Early-stage AI agents in development aim to automate project scheduling, cost management, and risk mitigation. For example, agents monitor tariffs to optimize material procurement and change orders.
- **Customer Expansion Wins**: Won deals with a semiconductor manufacturer, European commercial real estate firm, and U.S. healthcare system, highlighting platform adoption across owners, GCs, and specialty contractors.
- **Go-to-Market Transition**: Shifted to GM model, reducing disruption while enhancing customer engagement. Q1 pipeline remained stable despite tariff uncertainties.

**【CFO Financial Commentary】**
- **Q1 Financials**: GAAP revenue $311M (+15% YoY), non-GAAP operating margin 10%, CRPO +20% YoY (mid-teens normalized growth). Repurchased $100M shares, maintaining $250M buyback authorization.
- **Profitability Outlook**: Target 25% free cash flow margin in medium term, 40% long-term. FY25 guidance unchanged: $1.286B-$1.29B revenue (+12%), 13%-13.5% non-GAAP margin.
- **Tariff Strategy**: Positioned to balance growth and margin via cost control, with AI tools helping customers absorb tariff-related costs.

**【Q&A Highlights】**
- **Customer Adoption**: 43% of ARR on multi-year contracts, driven by flexible pooled models. Technical resources in accounts boosted customer success.
- **International Momentum**: Europe division of global CRE firm adopted full platform, showcasing cross-sell potential. CRPO growth to benefit Q2 from longer contract durations.
- **Tariff Impact**: No material demand shift yet, but long-term could drive U.S. reindustrialization and nonresidential construction growth.
- **Share Buybacks**: Will repurchase shares opportunistically, prioritizing free cash flow per share growth.


Procore (PCOR)-1 May 25-2025 Q1 Earnings call transcript

- **Revenue Growth**: Q4 up 16% YoY to $302M, driven by 130+ large deals and 39% YoY growth in $1M+ ARR customers.
- **AI & Platform**: Launching connected drawings, RFIs, and Resource Management; AI Agents to automate workflows.
- **Margin Expansion**: FY24 operating margin 10.5%, guided to 13%-13.5% in FY25 (+300-350bps).
- **Go-to-Market**: Ahead of schedule on new sales model, with Q1-Q2 disruption but 2026+ upside.
- **Free Cash Flow**: $128M in FY24, targeting sustained generation in FY25.


**【CEO Key Highlights】**
- **Revenue Growth**: Q4 revenue of $302M (+16% YoY), driven by 130+ 6- and 7-figure transactions and 39% YoY growth in $1M+ ARR customers. Notable wins include a Mag 7 ARR deal and a 10x expansion with Abergeldie in Australia.
- **AI & Platform Innovation**: Accelerating AI investments with Copilot, Agents, and Agent Studio to automate workflows. Connected drawings and RFIs are now live, with Procore Maps and Resource Management enhancing cross-stakeholder collaboration.
- **Go-to-Market Transition**: Ahead of schedule on hiring for the new sales model, with sellers ramping up pipeline. Q1-Q2 may see short-term disruption, but 2026+ momentum expected.

**【CFO Financial Summary】**
- **Top Line**: FY24 revenue $1.16B (+25% YoY), Q4 cRPO +19% YoY (mid-teens ex-early renewals). FY25 guided at $1.285B-$1.29B (+12% YoY).
- **Profitability**: Q4 non-GAAP operating margin -1% (vs. +13.5% FY24). FY25 margin guided at 13%-13.5% (vs. 10.5% FY24), with 300-350bps expansion.
- **Cash Flow**: FY24 free cash flow $128M (+171% YoY). FY25 targeting continued cash flow generation.

**【Q&A Key Takeaways】**
- **Owner Segment Momentum**: Owners now 25% of ARR vs. 2% logo penetration, with Q4 wins in data centers and infrastructure. Early renewals and cross-sell drive cRPO resilience.
- **AI Adoption**: Internal AI use (e.g., Copilot in dev) boosts efficiency, while customer Agents reduce manual work. Q4 bookings strength suggests minimal pipeline depletion.
- **FX & Macro**: Minimal FX impact. Construction sentiment-driven, but Procore's platform appeal mitigates cyclical risks.


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