Procore Technologies' stock surged 9.75% in after-hours trading on Thursday, following the release of its fourth-quarter and full-year 2025 financial results.
The construction software provider reported quarterly adjusted earnings of $0.37 per share, surpassing the analyst consensus estimate of $0.35. Revenue for the quarter reached $349.1 million, a 16% year-over-year increase that also beat expectations. Furthermore, the company issued revenue guidance for 2026 that exceeded analyst forecasts, projecting a range of $1.489 billion to $1.494 billion against an estimate of $1.47 billion.
Investor sentiment was bolstered by the company's announcement of its acquisition of Datagrid to accelerate its artificial intelligence strategy, alongside reported strong growth in high-value customers and a 69% year-over-year increase in free cash flow for the quarter.