Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 22

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 activitiesPurchases of property and equipment(7,008)(3,963)Capitalized software development costs(32,557)(19,732)Purchases of strategic investments, net(902)(1,072)Purchases of marketable securities(218,606)(324,374)Maturities of marketable securities223,659 226,099 Customer repayments of materials financing— 1,483 Business combinations, net of cash acquired(41,515)(25,945)Asset acquisitions, net of cash acquired(3,533)(3,792)Net cash used in investing activities(80,462)(151,296)Financing activitiesProceeds from stock option exercises7,607 9,915 Proceeds from employee stock purchase plan14,404 13,187 Repurchases of common stock(103,160)— Payment of tax withholding for net share settlement(49,855)— Principal payments under finance lease agreements, net of proceeds from lease incentives(800)(669)Net cash (used in) provided by financing activities(131,804)22,433 Net decrease in cash and cash equivalents(115,410)(1,023)Effect of exchange rate changes on cash1,950 (528)Cash and cash equivalents, beginning of period437,722 357,790 Cash and cash equivalents, end of period$324,262 $356,239 

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

7

Procore Technologies, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

Six Months Ended June 30,(in thousands)20252024Supplemental disclosure of cash flow informationCash paid for income taxes, net of refunds received2,908 1,635 Stock-based compensation capitalized for cloud-computing arrangement costs94 72 Cash received for lease incentives324 294 Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from finance leases564 793 Operating cash flows from operating leases3,255 4,374 Financing cash flows from finance leases800 908 Noncash investing and financing activities:Purchases of property and equipment included in accounts payable and accrued expenses at period end1,579 1,582 Capitalized software development costs included in accounts payable and accrued expenses at period end3,179 3,287 Stock-based compensation capitalized for software development9,089 5,882 Deferred business combination payment included in other