Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 143

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 143
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2025 and 2024; which was initially capitalized as capitalized software and cloud-computing arrangement implementation costs.

(2)Includes amortization of acquired intangible assets as follows:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Cost of revenue$8,015 $6,156 $15,617 $12,041 Sales and marketing3,346 3,145 6,651 6,251 Research and development658 665 1,290 1,340 Total amortization of acquired intangible assets$12,019 $9,966 $23,558 $19,632 

(3)Includes employer payroll tax on employee stock transactions as follows:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Cost of revenue$200 $161 $461 $373 Sales and marketing748 788 1,879 2,052 Research and development1,103 900 2,829 2,568 General and administrative462 494 1,345 1,539 Total employer payroll tax on employee stock transactions$2,513 $2,343 $6,514 $6,532 

(4)Includes acquisition-related expenses as follows:

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Sales and marketing$138 $1,000 $794 $1,448 Research and development695 — 1,744 — General and administrative$166 563 $541 563 Total acquisition-related expenses$999 $1,563 $3,079 $2,011 

37

Comparison of the Three Months Ended June 30, 2025 and 2024

Revenue

Three Months Ended June 30,Change20252024DollarPercent(dollars in thousands)Revenue$323,919 $284,347 $39,572 14%

During the three months ended June 30, 2025, our revenue increased by $39.6 million, or 14%, compared to the three months ended June 30, 2024, of which approximately 82% was attributable to revenue from existing customers and approximately 18% was attributable to revenue from new customers acquired during the three months ended June 30,