Company: PCOR
Filing Date: 2025-04-24
Form Type: DEF 14A
Source: 0001193125-25-093502
Chunk: 4

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-04-24
Form: DEF 14A
Chunk 4
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 named executive officers. Business Highlights Fiscal Year 2024 Financial Highlights

| + | Revenue was $1,152 million, an increase of 21% year-over-year. |

| + | Gross margin calculated in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”) was 82%, and non-GAAP gross margin was 86%. |

| PROCORE TECHNOLOGIES, INC. 2025 PROXY STATEMENT |     | 3 |

Proxy Statement Summary

| + | GAAP operating margin was (12)% and non-GAAP operating margin was 10%. |

| + | Net cash provided by operating activities for 2024 was $196 million. |

| + | Free cash inflow for 2024 was $128 million. |

To supplement our consolidated financial statements, which are prepared in accordance with GAAP, we provide investors with certain non-GAAP financial measures, including non-GAAP gross margin, non-GAAP operating margin, and free cash inflow. Please refer to Appendix A for a discussion of non-GAAP gross margin, non-GAAP operating margin, and free cash inflow, as well as a reconciliation of these measures, in each case, to the most directly comparable financial measure calculated and presented in accordance with GAAP. Stockholder Engagement Maintaining regular dialogue with our stockholders is critically important to our Board and management team. Through our engagement and outreach efforts, we aim to solicit feedback from our investors and understand issues that are important to them, and then regularly communicate that feedback to our senior management and Board. Additionally, we proactively communicate with the investment community and our stockholders about our financial performance, operations, and strategic developments through the following:

| + | quarterly earnings releases and calls; |

| + | participation in a number of investor conferences with webcast presentations; |

| + | in-person and telephonic meetings with investors and stakeholders, including our Investor Day; |

| + | proactive outreach to institutional investors, pension funds, and governance professionals from our largest stockholders; |

| + | webcasts, conference calls, and presentations related to specific developments; and |

| + | our annual stockholder meeting that includes a Q&A session. |

As part of our engagement efforts, we meet with stockholders throughout the year to discuss a range of topics, including strategic priorities and Company performance. In addition, in 2025, we reached out to many of our largest stockholders to seek their input on various corporate topics, including:

| + | the proposals presented at,