PROCORE TECHNOLOGIES INC
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
PCOR$76.26-0.3%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) | 2024 | 2023 | 2022 |
| Revenue | $1,151,708 | $950,010 | $720,203 |
| Cost of revenue | 205,612 | 174,462 | 148,416 |
| Gross profit | 946,096 | 775,548 | 571,787 |
| Operating expenses | |||
| Sales and marketing | 552,019 | 494,908 | 424,976 |
| Research and development | 312,987 | 300,571 | 270,982 |
| General and administrative | 217,513 | 195,746 | 166,283 |
| Total operating expenses | 1,082,519 | 991,225 | 862,241 |
| Loss from operations | (136,423) | (215,677) | (290,454) |
| Interest income | 23,694 | 19,779 | 5,826 |
| Interest expense | (1,899) | (1,957) | (2,135) |
| Accretion income, net | 13,583 | 9,794 | 2,035 |
| Other expense, net | (3,136) | (360) | (1,737) |
| Loss before provision for income taxes | (104,181) | (188,421) | (286,465) |
| Provision for income taxes | 1,775 | 1,273 | 466 |
| Net loss | $(105,956) | $(189,694) | $(286,931) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.72) | $(1.34) | $(2.10) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 147,444,772 | 141,961,467 | 136,525,728 |
| Other comprehensive (loss) income | |||
| Foreign currency translation adjustment, net of tax | $(1,787) | $437 | $(1,355) |
| Unrealized income (loss) on available-for-sale debt and marketable securities, net of tax | 425 | 504 | (378) |
| Total other comprehensive (loss) income | (1,362) | 941 | (1,733) |
| Comprehensive loss | $(107,318) | $(188,753) | $(288,664) |
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