Company: PCOR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021898
Chunk: 17

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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)Net cash used in investing activities(63,511)(4,670)Financing activitiesProceeds from stock option exercises2,314 7,125 Repurchases of common stock(100,029)— Payment of tax withholding for net share settlement(28,277)— Principal payments under finance lease agreements, net of proceeds from lease incentives(388)(449)Net cash (used in) provided by financing activities(126,380)6,676 Net (decrease) increase in cash, cash equivalents, and restricted cash(123,863)71,151 Effect of exchange rate changes on cash(125)(1,285)Cash, cash equivalents, and restricted cash, beginning of period437,722 357,790 Cash, cash equivalents, and restricted cash, end of period$313,734 $427,656 

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

6

Procore Technologies, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

Three Months Ended March 31,(in thousands)20252024Supplemental disclosure of cash flow informationCash paid for income taxes, net of refunds received558 171 Stock-based compensation capitalized for cloud-computing arrangement costs(14)32 Cash received for lease incentives200 197 Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from finance leases284 477 Operating cash flows from operating leases1,183 2,879 Financing cash flows from finance leases388 532 Noncash investing and financing activities:Purchases of property and equipment included in accounts payable and accrued expenses at period end943 1,101 Capitalized software development costs included in accounts payable and accrued expenses at period end3,890 1,977 Deferred asset acquisition payment included in other current and non-current liabilities and accrued expenses at period end2,035 1,400 Excise taxes related to repurchases of common stock included in other current liabilities at period end411 — Stock-based compensation capitalized for software development4,137 2,426 Operating right of use assets obtained or modified in exchange for lease liabilities4,516 (4,508)Financing lease right of use asset modified to operating lease(10,305)— 

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

7

Table of Contents Procore Technologies, Inc.Notes to Condensed Consolidated Financial Statements (unaudited)

1.