Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 117

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 117
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,049 80,791 264,560 223,698 General and administrative(1)(3)(4)52,780 55,267 164,093 157,077 Total operating expenses285,119 277,428 853,524 771,061 Loss from operations(15,030)(36,497)(81,542)(70,179)Interest income4,826 5,962 15,838 17,714 Interest expense(276)(488)(859)(1,439)Accretion income, net2,068 3,816 6,542 10,665 Other (expense) income, net(210)466 2,204 (26)Loss before provision for (benefit from) income taxes(8,622)(26,741)(57,817)(43,265)Provision for (benefit from) income taxes479 (353)5,362 400 Net loss$(9,101)$(26,388)$(63,179)$(43,665)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024(in thousands)Revenue100%100%100%100%Cost of revenue(1)(2)(3)20%19%21%18%Gross profit80%81%79%82%Operating expensesSales and marketing(1)(2)(3)(4)43%48%44%46%Research and development(1)(2)(3)(4)26%27%27%26%General and administrative(1)(3)(4)16%19%17%18%Total operating expenses84%94%88%91%Loss from operations(4%)(12%)(8%)(8%)Interest income1%2%2%2%Interest expense0%0%0%0%Accretion income, net1%1%1%1%Other (expense) income, net0%0%0%0%Loss before provision for (benefit from) income taxes(3%)(9%)(6%)(5%)Provision for (benefit from) income taxes0%0%1%0%Net loss(3%)(9%)(6%)(5%)

37

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

Three Months Ended September 30,Nine Months Ended September 30,202520242