Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 18

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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Preferred stock, $0.0001 par value, 100,000,000 shares authorized at June 30, 2025 and December 31, 2024; 0 shares issued and outstanding at June 30, 2025 and December 31, 2024.— — Common stock, $0.0001 par value, 1,000,000,000 shares authorized at June 30, 2025 and December 31, 2024; 150,189,021 and 149,853,135 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively.15 15 Additional paid-in capital2,517,880 2,535,868 Accumulated other comprehensive loss(1,425)(2,737)Accumulated deficit(1,298,871)(1,244,793)Total stockholders’ equity1,217,599 1,288,353 Total liabilities and stockholders’ equity$2,004,101 $2,101,371 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of Contents

Procore Technologies, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)

Three Months Ended June 30,Six Months Ended June 30,(in thousands, except share and per share amounts)2025202420252024Revenue$323,919 $284,347 $634,551 $553,775 Cost of revenue67,732 48,101 132,658 93,824 Gross profit256,187 236,246 501,893 459,951 Operating expensesSales and marketing141,897 127,922 280,581 248,916 Research and development88,902 72,308 176,511 142,907 General and administrative55,655 50,792 111,313 101,810 Total operating expenses286,454 251,022 568,405 493,633 Loss from operations(30,267)(14,776)(66,512)(33,682)Interest income5,015 5,814 11,012 11,752 Interest expense(298)(472)(583)(951)Accretion income, net2,027 3,761 4,474 6,849 Other income (expense), net