Filing Flows › Procore Technologies (PCOR) › Q4 2025
Procore Technologies (PCOR) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Procore Technologies (PCOR) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +3% from the quarter before. Operating margin was -12.3%, net loss $37.6M (10.8% of revenue).
Procore Technologies, Q4 2025: revenue $349M (+16% year over year), operating margin -12.3%, net loss $37.6M, operating cash flow $115M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $349M | +3% | +16% |
| Operating profit | −$42.8M | — | — |
| Net earnings | −$37.6M | — | — |
| Operating cash flow | $115M | +30% | +296% |
| Free cash flow | $109M | +31% | +527% |
What changed
Revenue was $349.1M in Q4 2025, up 16% year over year and up 3% from the previous quarter.
Gross margin was 80.1%, down 1.1 points from a year earlier. Operating costs exceeded revenue by $42.8M, an operating margin of -12.3%. Operating expenses grew 4% against revenue growth of 16%. The fastest-growing cost line was General & admin (+14%). The quarter ended with a net loss of $37.6M, wider than the previous quarter's $9.1M loss.
Operating cash flow was $114.9M (up 296% year over year). Non-cash charges added back $27.3M of depreciation and amortization and $78.4M of share-based compensation. Working capital and other items added $46.9M. Capital expenditures of $5.7M left free cash flow of $109.2M.
Questions
What was Procore Technologies' revenue in the fourth quarter 2025?
Procore Technologies (PCOR) reported revenue of $349M for the fourth quarter 2025 (Q4 2025), +16% from a year earlier and +3% from the quarter before.
Was Procore Technologies profitable in the fourth quarter 2025?
Operating loss was $42.8M (-12.3% of revenue) and net loss $37.6M.