Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 142

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 142
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16,524)(Benefit from) provision for income taxes(411)490 4,883 753 Net loss$(21,089)$(6,311)$(54,078)$(17,277)

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Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Revenue100%100%100%100%Cost of revenue(1)(2)(3)21%17%21%17%Gross profit79%83%79%83%Operating expensesSales and marketing(1)(2)(3)(4)44%45%44%45%Research and development(1)(2)(3)(4)27%25%28%26%General and administrative(1)(3)(4)17%18%18%18%Total operating expenses88%88%90%89%Loss from operations(9%)(5%)(10%)(6%)Interest income2%2%2%2%Interest expense0%0%0%0%Accretion income, net1%1%1%1%Other income (expense), net1%0%0%0%Loss before (benefit from) provision for income taxes(7%)(2%)(8%)(3%)(Benefit from) provision for income taxes0%0%1%0%Net loss(7%)(2%)(9%)(3%)

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

Three Months Ended June 30,Six Months Ended June 30,2025202420252024(in thousands)Cost of revenue$5,868 $3,683 $11,136 $6,868 Sales and marketing17,589 15,671 32,539 28,691 Research and development21,237 17,628 39,661 31,363 General and administrative13,718 13,961 26,100 25,690 Total stock-based compensation expense*$58,412 $50,943 $109,436 $92,612 

*Includes amortization of capitalized stock-based compensation of $2.8 million and $1.7 million, respectively, for the three months ended June 30, 2025 and 2024; and $5.6 million and $3.3 million, respectively, for the six months ended June 30,