Filing Flows › Procore Technologies (PCOR) › Q3 2025
Procore Technologies (PCOR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Procore Technologies (PCOR) reported revenue of $339M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +5% from the quarter before. Operating margin was -4.4%, net loss $9.1M (2.7% of revenue).
Procore Technologies, Q3 2025: revenue $339M (+14% year over year), operating margin -4.4%, net loss $9.1M, operating cash flow $88.5M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $339M | +5% | +15% |
| Operating profit | −$15.0M | — | — |
| Net earnings | −$9.1M | — | — |
| Operating cash flow | $88.5M | +187% | +125% |
| Free cash flow | $67.7M | — | +194% |
What changed
Revenue was $338.9M in Q3 2025, up 15% year over year and up 5% from the previous quarter.
Gross margin was 79.7%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $15.0M, an operating margin of -4.4%. Operating expenses grew 3% against revenue growth of 15%. The quarter ended with a net loss of $9.1M, narrower than the previous quarter's $21.1M loss. Non-operating items added $6.4M, -74% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $88.5M (up 125% year over year). Non-cash charges added back $29.2M of depreciation and amortization and $56.2M of share-based compensation. Working capital and other items added $12.2M. After capitalized software development costs ($15.3M) and purchases of property, plant, and equipment ($5.4M), free cash flow as the company reports it was $67.7M.
Questions
What was Procore Technologies' revenue in the third quarter 2025?
Procore Technologies (PCOR) reported revenue of $339M for the third quarter 2025 (Q3 2025), +15% from a year earlier and +5% from the quarter before.
Was Procore Technologies profitable in the third quarter 2025?
Operating loss was $15.0M (-4.4% of revenue) and net loss $9.1M.