PROCORE TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
PCOR$76.46+1.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except number of shares and par value) | 2024 | 2023 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $437,722 | $357,790 |
| Marketable securities (amortized cost of $337,253 and $320,166 at December 31, 2024 and 2023, respectively) | 337,673 | 320,161 |
| Accounts receivable, net of allowance for credit losses of $6,109 and $4,791 at December 31, 2024 and 2023, respectively | 246,472 | 206,644 |
| Contract cost asset, current | 33,922 | 28,718 |
| Prepaid expenses and other current assets | 44,090 | 42,421 |
| Total current assets | 1,099,879 | 955,734 |
| Marketable securities, non-current (amortized cost of $46,042 and $0 at December 31, 2024 and 2023, respectively) | 46,042 | — |
| Capitalized software development costs, net | 112,321 | 83,045 |
| Property and equipment, net | 43,592 | 36,258 |
| Right of use assets - finance leases | 31,727 | 34,375 |
| Right of use assets - operating leases | 28,790 | 44,141 |
| Contract cost asset, non-current | 47,505 | 44,564 |
| Intangible assets, net | 120,946 | 137,546 |
| Goodwill | 549,651 | 539,354 |
| Other assets | 20,918 | 18,551 |
| Total assets | $2,101,371 | $1,893,568 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $33,146 | $13,177 |
| Accrued expenses | 88,740 | 100,075 |
| Deferred revenue, current | 584,719 | 501,903 |
| Other current liabilities | 21,427 | 27,275 |
| Total current liabilities | 728,032 | 642,430 |
| Deferred revenue, non-current | 5,815 | 7,692 |
| Finance lease liabilities, non-current | 41,352 | 43,581 |
| Operating lease liabilities, non-current | 32,697 | 37,923 |
| Other liabilities, non-current | 5,122 | 6,332 |
| Total liabilities | 813,018 | 737,958 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized at December 31, 2024 and 2023; 0 shares issued and outstanding at December 31, 2024 and 2023. | — | — |
| Common stock, $0.0001 par value, 1,000,000,000 shares authorized at December 31, 2024 and 2023; 149,853,135 and 144,806,464 shares issued and outstanding at December 31, 2024 and 2023, respectively. | 15 | 15 |
| Additional paid-in capital | 2,535,868 | 2,295,807 |
| Accumulated other comprehensive loss | (2,737) | (1,375) |
| Accumulated deficit | (1,244,793) | (1,138,837) |
| Total stockholders’ equity | 1,288,353 | 1,155,610 |
| Total liabilities and stockholders’ equity | $2,101,371 | $1,893,568 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.