Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 119

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 $634,551 $553,775 GAAP sales and marketing141,897 127,922 280,581 248,916 Stock-based compensation expense(17,589)(15,671)(32,539)(28,691)Amortization of acquired intangible assets(3,346)(3,145)(6,651)(6,251)Employer payroll tax on employee stock transactions(748)(788)(1,879)(2,052)Acquisition-related expenses(138)(1,000)(794)(1,448)Non-GAAP sales and marketing$120,076 $107,318 $238,718 $210,474 GAAP sales and marketing as a percentage of revenue44%45%44%45%Non-GAAP sales and marketing as a percentage of revenue37%38%38%38%GAAP research and development$88,902 $72,308 $176,511 $142,907 Stock-based compensation expense(21,237)(17,628)(39,661)(31,363)Amortization of acquired intangible assets(658)(665)(1,290)(1,340)Employer payroll tax on employee stock transactions(1,103)(900)(2,829)(2,568)Acquisition-related expenses(695)— (1,744)— Non-GAAP research and development$65,209 $53,115 $130,987 $107,636 GAAP research and development as a percentage of revenue27%25%28%26%Non-GAAP research and development as a percentage of revenue20%19%21%19%GAAP general and administrative$55,655 $50,792 $111,313 $101,810 Stock-based compensation expense(13,718)(13,961)(26,100)(25,690)Employer payroll tax on employee stock transactions(462)(494)(1,345)(1,539)Acquisition-related expenses(166)(563)(541)(563)Non-GAAP general and administrative$41,309 $35,774 $83,327 $74,018 GAAP general and administrative as a percentage of revenue17%18%18%18%Non-GAAP general and administrative as a percentage of revenue13%13%13%13%

44

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