PROCORE TECHNOLOGIES, INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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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.
Sep 30, 2025 · Filed Nov 6, 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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Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets(unaudited)
| (in thousands, except number of shares and par value) | September 30,2025 | December 31,2024 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $350,496 | $437,722 |
| Marketable securities, current (amortized cost of $333,058 and $337,253 at September 30, 2025 and December 31, 2024, respectively) | 333,480 | 337,673 |
| Accounts receivable, net of allowance for credit losses of $3,528 and $6,109 at September 30, 2025 and December 31, 2024, respectively | 205,812 | 246,472 |
| Contract cost asset, current | 47,793 | 33,922 |
| Prepaid expenses and other current assets | 67,634 | 44,090 |
| Total current assets | 1,005,215 | 1,099,879 |
| Marketable securities, non-current (amortized cost of $43,966 and $46,042 at September 30, 2025 and December 31, 2024, respectively) | 43,966 | 46,042 |
| Capitalized software development costs, net | 135,650 | 112,321 |
| Property and equipment, net | 45,715 | 43,592 |
| Right of use assets - finance leases | 20,070 | 31,727 |
| Right of use assets - operating leases | 32,012 | 28,790 |
| Contract cost asset, non-current | 66,214 | 47,505 |
| Intangible assets, net | 114,278 | 120,946 |
| Goodwill | 573,933 | 549,651 |
| Other assets | 21,430 | 20,918 |
| Total assets | $2,058,483 | $2,101,371 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $28,887 | $33,146 |
| Accrued expenses | 110,430 | 88,740 |
| Deferred revenue, current | 572,050 | 584,719 |
| Other current liabilities | 42,608 | 21,427 |
| Total current liabilities | 753,975 | 728,032 |
| Deferred revenue, non-current | 5,500 | 5,815 |
| Finance lease liabilities, non-current | 27,002 | 41,352 |
| Operating lease liabilities, non-current | 36,042 | 32,697 |
| Other liabilities, non-current | 11,941 | 5,122 |
| Total liabilities | 834,460 | 813,018 |
| Commitments and contingencies (Note 9) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized at September 30, 2025 and December 31, 2024; 0 shares issued and outstanding at September 30, 2025 and December 31, 2024. | — | — |
| Common stock, $0.0001 par value, 1,000,000,000 shares authorized at September 30, 2025 and December 31, 2024; 150,457,845 and 149,853,135 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively. | 15 | 15 |
| Additional paid-in capital | 2,533,616 | 2,535,868 |
| Accumulated other comprehensive loss | (1,636) | (2,737) |
| Accumulated deficit | (1,307,972) | (1,244,793) |
| Total stockholders’ equity | 1,224,023 | 1,288,353 |
| Total liabilities and stockholders’ equity | $2,058,483 | $2,101,371 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.