Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 17

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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’ equityPreferred stock, $0.0001 par value, 100,000,000 shares authorized at September 30, 2025 and December 31, 2024; 0 shares issued and outstanding at September 30, 2025 and December 31, 2024.— — Common stock, $0.0001 par value, 1,000,000,000 shares authorized at September 30, 2025 and December 31, 2024; 150,457,845 and 149,853,135 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively.15 15 Additional paid-in capital2,533,616 2,535,868 Accumulated other comprehensive loss(1,636)(2,737)Accumulated deficit(1,307,972)(1,244,793)Total stockholders’ equity1,224,023 1,288,353 Total liabilities and stockholders’ equity$2,058,483 $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 September 30,Nine Months Ended September 30,(in thousands, except share and per share amounts)2025202420252024Revenue$338,851 $295,885 $973,402 $849,660 Cost of revenue68,762 54,954 201,420 148,778 Gross profit270,089 240,931 771,982 700,882 Operating expensesSales and marketing144,290 141,370 424,871 390,286 Research and development88,049 80,791 264,560 223,698 General and administrative52,780 55,267 164,093 157,077 Total operating expenses285,119 277,428 853,524 771,061 Loss from operations(15,030)(36,497)(81,542)(70,179)Interest income4,826 5,962 15,838 17,714 Interest expense(276)(488)(859)(1,439)Accretion income, net2,068 3,816 6,542 10,665 Other (