Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 70

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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851 $295,885 $973,402 $849,660 GAAP sales and marketing$144,290 $141,370 $424,871 $390,286 Stock-based compensation expense(16,658)(14,034)(49,197)(42,725)Amortization of acquired intangible assets(3,346)(3,224)(9,998)(9,475)Employer payroll tax on employee stock transactions(560)(815)(2,439)(2,867)Acquisition-related expenses(139)— (933)(1,448)Non-GAAP sales and marketing$123,587 $123,297 $362,304 $333,771 GAAP sales and marketing as a percentage of revenue43%48%44%46%Non-GAAP sales and marketing as a percentage of revenue36%42%37%39%GAAP research and development$88,049 $80,791 $264,560 $223,698 Stock-based compensation expense(20,969)(18,321)(60,630)(49,684)Amortization of acquired intangible assets(661)(668)(1,951)(2,008)Employer payroll tax on employee stock transactions(629)(521)(3,458)(3,089)Acquisition-related expenses(695)— (2,439)— Non-GAAP research and development$65,095 $61,281 $196,082 $168,917 GAAP research and development as a percentage of revenue26%27%27%26%Non-GAAP research and development as a percentage of revenue19%21%20%20%GAAP general and administrative$52,780 $55,267 $164,093 $157,077 Stock-based compensation expense(15,491)(13,912)(41,591)(39,602)Employer payroll tax on employee stock transactions(294)(281)(1,639)(1,820)Acquisition-related expenses(238)(51)(779)(614)Non-GAAP general and administrative$36,757 $41,023 $120,084 $115,041 GAAP general and administrative as a percentage of revenue16%19%17%18%Non-GAAP general and administrative as a percentage of revenue11%14%12%14%

46

Reconciliation of loss from operations and operating margin to non-GAAP income from