PROCORE TECHNOLOGIES, INC.

For the period ended Mar 31, 2025. Filed May 2, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 2, 2025

PCOR$76.26-0.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations and Comprehensive Loss

Condensed Consolidated Statements of Operations and Comprehensive Loss(unaudited)

	Three Months Ended March 31,
(in thousands, except share and per share amounts)	2025	2024
Revenue	$310,632	$269,428
Cost of revenue	64,926	45,723
Gross profit	245,706	223,705
Operating expenses
Sales and marketing	138,684	120,994
Research and development	87,609	70,599
General and administrative	55,658	51,018
Total operating expenses	281,951	242,611
Loss from operations	(36,245)	(18,906)
Interest income	5,997	5,938
Interest expense	(285)	(479)
Accretion income, net	2,447	3,088
Other income (expense), net	391	(344)
Loss before provision for income taxes	(27,695)	(10,703)
Provision for income taxes	5,294	263
Net loss	$(32,989)	$(10,966)
Net loss per share attributable to common stockholders, basic and diluted	$(0.22)	$(0.08)
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted	149,997,899	145,476,006
Other comprehensive income (loss)
Foreign currency translation adjustment, net of tax	$167	$(486)
Unrealized income (loss) on available-for-sale debt and marketable securities, net of tax	79	(207)
Total other comprehensive income (loss)	246	(693)
Comprehensive loss	$(32,743)	$(11,659)

ContentsView on SEC.gov

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