Procore Shares Jump 9.3% After 13% Revenue Growth, Narrowing Losses
Procore narrowed its 2025 net loss by 4.9% to $100.78M while revenues rose 13% to $1.3B, with Q4 net loss falling 40% to $37.6M on 15.6% revenue growth to $349M. The company forecast 13% full-year 2026 revenue growth to $1.489B–$1.494B and Q1 revenue of $351M–$353M.
1. Full-Year and Q4 Financial Results
Procore reduced its full-year net loss to $100.78M from $105.96M in 2024, representing a 4.9% improvement, while revenues climbed 13% to $1.3B. In the fourth quarter, net loss dropped 40% to $37.6M and revenues rose 15.6% to $349M, driving a 9.31% stock gain.
2. Customer Growth and Retention
Net revenue retention reached 106%, reflecting strong upsell and cross-sell performance. Total organic customer count ended the year at 17,850, with 227 new additions in Q4, underscoring steady expansion in Procore’s construction software user base.
3. 2026 Growth Guidance
Procore projects 2026 revenue to increase 13% year-on-year to between $1.489B and $1.494B. First-quarter revenue is guided to grow 13%–14% to a range of $351M–$353M, driven by continued subscription momentum and anticipated AI-driven efficiency gains.