Procore Tech: Loss Masks Strong Q3 Performance
Update: 2025-11-05
Description
Procore Technologies, a leading construction software company, reported a net loss of $9.1 million in Q3, but still impressed analysts with stronger-than-expected revenue. Despite the loss, the company posted adjusted earnings of $0.42 per share, surpassing Wall Street's predictions of $0.31. Procore's revenue reached $338.9 million, also exceeding forecasts. The company projects revenue of $339-341 million in Q4 and $1.31 billion for the full year, indicating continued growth and market confidence.
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