Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 151

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 151
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466 2,204 (26)Loss before provision for (benefit from) income taxes(8,622)(26,741)(57,817)(43,265)Provision for (benefit from) income taxes479 (353)5,362 400 Net loss$(9,101)$(26,388)$(63,179)$(43,665)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Revenue100%100%100%100%Cost of revenue(1)(2)(3)20%19%21%18%Gross profit80%81%79%82%Operating expensesSales and marketing(1)(2)(3)(4)43%48%44%46%Research and development(1)(2)(3)(4)26%27%27%26%General and administrative(1)(3)(4)16%19%17%18%Total operating expenses84%94%88%91%Loss from operations(4%)(12%)(8%)(8%)Interest income1%2%2%2%Interest expense0%0%0%0%Accretion income, net1%1%1%1%Other (expense) income, net0%0%0%0%Loss before provision for (benefit from) income taxes(3%)(9%)(6%)(5%)Provision for (benefit from) income taxes0%0%1%0%Net loss(3%)(9%)(6%)(5%)

37

(1)Includes stock-based compensation expense and amortization of capitalized stock-based compensation as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Cost of revenue$6,155 $4,188 $17,291 $11,056 Sales and marketing16,658 14,034 49,197 42,725 Research and development20,969 18,321 60,630 49,684 General and administrative15,491 13,912 41,591 39,602 Total stock-based compensation expense*$59,273 $50,455 $168,709 $143,067 

*Includes amortization of capitalized stock-based compensation of $3.1 million and $2.3 million, respectively, for the three months ended September