PROCORE TECHNOLOGIES INC
For the period ended Dec 31, 2023. Filed Feb 26, 2024.
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FY2023 · Filed Feb 26, 2024
PCOR$76.26-0.3%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2023 | 2022 | 2021 |
| Revenue | $950,010 | $720,203 | $514,821 |
| Cost of revenue | 174,462 | 148,416 | 98,312 |
| Gross profit | 775,548 | 571,787 | 416,509 |
| Operating expenses | |||
| Sales and marketing | 494,908 | 424,976 | 308,511 |
| Research and development | 300,571 | 270,982 | 237,290 |
| General and administrative | 195,746 | 166,283 | 156,635 |
| Total operating expenses | 991,225 | 862,241 | 702,436 |
| Loss from operations | (215,677) | (290,454) | (285,927) |
| Interest income | 19,779 | 5,826 | 175 |
| Interest expense | (1,957) | (2,135) | (2,328) |
| Accretion income, net | 9,794 | 2,035 | — |
| Other expense, net | (360) | (1,737) | (843) |
| Loss before provision for (benefit from) income taxes | (188,421) | (286,465) | (288,923) |
| Provision for (benefit from) income taxes | 1,273 | 466 | (23,758) |
| Net loss | $(189,694) | $(286,931) | $(265,165) |
| Net loss per share attributable to common stockholders, basic and diluted | $(1.34) | $(2.10) | $(2.86) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 141,961,467 | 136,525,728 | 92,673,453 |
| Other comprehensive income (loss) | |||
| Foreign currency translation adjustment, net of tax | $437 | $(1,355) | $(770) |
| Unrealized income (loss) on available-for-sale debt and marketable securities, net of tax | 504 | (378) | - |
| Total other comprehensive income (loss) | 941 | (1,733) | (770) |
| Comprehensive loss | $(188,753) | $(288,664) | $(265,935) |
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