PROCORE TECHNOLOGIES, INC.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
PCOR$75.33-0.4%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, | ||
|---|---|---|
| (in thousands, except number of shares and par value) | 2025 | 2024 |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $480,684 | $437,722 |
| Marketable securities (amortized cost of $287,337 and $337,253 at December 31, 2025 and December 31, 2024, respectively) | 287,802 | 337,673 |
| Accounts receivable, net of allowance for credit losses of $4,654 and $6,109 at December 31, 2025 and December 31, 2024, respectively | 287,805 | 246,472 |
| Contract cost asset, current | 55,384 | 33,922 |
| Prepaid expenses and other current assets | 55,157 | 44,090 |
| Total current assets | 1,166,832 | 1,099,879 |
| Marketable securities, non-current (amortized cost of $42,529 and $46,042 at December 31, 2025 and December 31, 2024, respectively) | 42,529 | 46,042 |
| Capitalized software development costs, net | 142,228 | 112,321 |
| Property and equipment, net | 48,624 | 43,592 |
| Right of use assets - finance leases | 19,619 | 31,727 |
| Right of use assets - operating leases | 36,024 | 28,790 |
| Contract cost asset, non-current | 79,004 | 47,505 |
| Intangible assets, net | 105,364 | 120,946 |
| Goodwill | 574,083 | 549,651 |
| Other assets | 24,758 | 20,918 |
| Total assets | $2,239,065 | $2,101,371 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Accounts payable | $25,168 | $33,146 |
| Accrued expenses | 130,280 | 88,740 |
| Deferred revenue, current | 687,062 | 584,719 |
| Other current liabilities | 42,047 | 21,427 |
| Total current liabilities | 884,557 | 728,032 |
| Deferred revenue, non-current | 6,041 | 5,815 |
| Finance lease liabilities, non-current | 26,557 | 41,352 |
| Operating lease liabilities, non-current | 45,855 | 32,697 |
| Other liabilities, non-current | 13,793 | 5,122 |
| Total liabilities | 976,803 | 813,018 |
| Commitments and contingencies (Note 11) | ||
| Stockholders’ equity | ||
| Preferred stock, $0.0001 par value, 100,000,000 shares authorized at December 31, 2025 and December 31, 2024; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024. | — | — |
| Common stock, $0.0001 par value, 1,000,000,000 shares authorized at December 31, 2025 and December 31, 2024; 151,708,564 and 149,853,135 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively. | 15 | 15 |
| Additional paid-in capital | 2,609,093 | 2,535,868 |
| Accumulated other comprehensive loss | (1,270) | (2,737) |
| Accumulated deficit | (1,345,576) | (1,244,793) |
| Total stockholders’ equity | 1,262,262 | 1,288,353 |
| Total liabilities and stockholders’ equity | $2,239,065 | $2,101,371 |
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