Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 152

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 152
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30, 2025 and 2024; and $8.7 million and $5.5 million, respectively, for the nine months ended September 30, 2025 and 2024; which was initially capitalized as capitalized software and cloud-computing arrangement implementation costs.

(2)Includes amortization of acquired intangible assets as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Cost of revenue$7,659 $6,698 $23,276 $18,739 Sales and marketing3,346 3,224 9,998 9,475 Research and development661 668 1,951 2,008 Total amortization of acquired intangible assets$11,666 $10,590 $35,225 $30,222 

(3)Includes employer payroll tax on employee stock transactions as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Cost of revenue$181 $113 $642 $485 Sales and marketing560 815 2,439 2,867 Research and development629 521 3,458 3,089 General and administrative294 281 1,639 1,820 Total employer payroll tax on employee stock transactions$1,664 $1,730 $8,178 $8,261 

(4)Includes acquisition-related expenses as follows:

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Sales and marketing$139 $— $933 $1,448 Research and development695 — 2,439 — General and administrative238 51 779 614 Total acquisition-related expenses$1,072 $51 $4,151 $2,062 

38

Comparison of the Three Months Ended September 30, 2025 and 2024

Revenue

Three Months Ended September 30,Change20252024DollarPercent(dollars in thousands)Revenue$338,851 $295,885 $42,966 15%

During the three months ended September 30, 2025, our revenue increased by $43.0 million, or 15%, compared to the three months ended September 30, 2024, of which approximately 77% was