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Procore Technologies: What’s the Real Upside From Its Data Center Push—And Why Big Customers Matter Now?

Procore Technologies, Inc. presented its third-quarter results for 2025, showing a robust performance characterized by consistent revenue growth, improved operating margins, and effective expansion of its customer base. The company’s revenue increased by 14.5% year-over-year, maintaining momentum from last quarter and reflecting solid underlying business dynamics. A notable highlight was the growth in large deals, with significant acceleration in the number of six and seven-figure deals, contributing to a 31% year-over-year increase. The number of annual recurring revenue (ARR) customers with commitments over $100,000 also rose, now totaling more than 2,600, further validating Procore’s strong market position. On the leadership front, the imminent transition of Ajei Gopal into the CEO role marks a strategic shift, as Founder Tooey Courtemanche moves to focus on his role as Chair of the Board.