PROCORE TECHNOLOGIES, INC.
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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 Statements of Operations and Comprehensive Loss
| Year Ended December 31, | |||
|---|---|---|---|
| (in thousands, except share and per share amounts) | 2025 | 2024 | 2023 |
| Revenue | $1,322,509 | $1,151,708 | $950,010 |
| Cost of revenue | 270,832 | 205,612 | 174,462 |
| Gross profit | 1,051,677 | 946,096 | 775,548 |
| Operating expenses | |||
| Sales and marketing | 580,680 | 552,019 | 494,908 |
| Research and development | 362,373 | 312,987 | 300,571 |
| General and administrative | 232,967 | 217,513 | 195,746 |
| Total operating expenses | 1,176,020 | 1,082,519 | 991,225 |
| Loss from operations | (124,343) | (136,423) | (215,677) |
| Interest income | 20,941 | 23,694 | 19,779 |
| Interest expense | (1,153) | (1,899) | (1,957) |
| Accretion income, net | 8,265 | 13,583 | 9,794 |
| Other income (expense), net | 2,309 | (3,136) | (360) |
| Loss before provision for income taxes | (93,981) | (104,181) | (188,421) |
| Provision for income taxes | 6,802 | 1,775 | 1,273 |
| Net loss | $(100,783) | $(105,956) | $(189,694) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.67) | $(0.72) | $(1.34) |
| Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted | 150,247,067 | 147,444,772 | 141,961,467 |
| Other comprehensive (loss) income | |||
| Foreign currency translation adjustment, net of tax | $1,422 | $(1,787) | $437 |
| Unrealized income (loss) on available-for-sale debt and marketable securities, net of tax | 45 | 425 | 504 |
| Total other comprehensive income (loss) | 1,467 | (1,362) | 941 |
| Comprehensive loss | $(99,316) | $(107,318) | $(188,753) |
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