Procore (PCOR) Climbs 9.3% on Stellar Earnings, Double-Digit Growth Outlook

We recently published 10 Market Beasts Leaving Wall Street in the Dust. Procore Technologies Inc. (NYSE:PCOR) was one of the best performers on Friday.

Procore Technologies bounced back on Friday, jumping 9.31 percent to close at $52.34 apiece after a stellar earnings performance last year and posting a double-digit growth outlook for 2026.

In an updated report, Procore Technologies Inc. (NYSE:PCOR) narrowed its full-year net loss by 4.9 percent to $100.78 million from $105.96 million in 2024, while revenues jumped by 13 percent to $1.3 billion from $1.15 billion year-on-year.

Procore Technologies’ headquarters in Sydney, Australia. Photo from Procore website

In the fourth quarter alone, net loss declined by 40 percent to $37.6 million from $62.29 million, while revenues increased by 15.56 percent to $349 million from $302 million.

Net revenue retention rate also stood at 106 percent, while total organic customers ended at 17,850, with the addition of 227.

“We closed out a strong year with exceptional Q4 results. Procore has built an incredible franchise with amazing technology. We believe AI stands to be the next meaningful catalyst for our industry and that Procore is strongly positioned to be an AI winner as we drive immense efficiency gains across our customers and the entire construction lifecycle,” Procore Technologies Inc. (NYSE:PCOR) President and CEO Ajei Gopal said.

For the full-year 2026, Procore Technologies Inc. (NYSE:PCOR) is targeting to grow its revenues by 13 percent year-on-year to a range of $1.489 billion to $1.494 billion, while first-quarter revenues are expected to be in the range of 13 to 14 percent to $351 million to $353 million.

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Disclosure: None. This article is originally published at Insider Monkey.