Company: PCOR
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001628280-25-050149
Chunk: 22

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 1
Chunk 22
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 employee stock purchase plan14,404 13,187 Repurchases of common stock(128,815)— Payment of tax withholding for net share settlement(71,173)— Payment of deferred business combination consideration— (1,470)Payment of deferred asset acquisition consideration— (81)Principal payments under finance lease agreements, net of proceeds from lease incentives(1,216)(1,569)Net increase in funds held for customers6,251 — Net cash (used in) provided by financing activities(171,770)22,438 Net (decrease) increase in cash and cash equivalents(81,522)80,607 Effect of exchange rate changes on cash1,160 901 Cash, cash equivalents, and restricted cash, beginning of period437,722 357,790 Cash, cash equivalents, and restricted cash, end of period$357,360 $439,298 

The accompanying notes are an integral part of these condensed consolidated financial statements.

7

Procore Technologies, Inc.

Condensed Consolidated Statements of Cash Flows (unaudited)

Nine Months Ended September 30,(in thousands)20252024Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheetsCash and cash equivalents at end of period$350,496 $439,298 Restricted cash included in prepaid expenses and other current assets at end of period613 — Restricted cash for funds held for customers included in prepaid expenses and other current assets at end of period6,251 — Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statement of cash flows at end of period$357,360 $439,298 Supplemental disclosure of cash flow informationCash paid for interest other than finance leases$17 $25 Cash paid for income taxes, net of refunds received3,686 2,099 Stock-based compensation capitalized for cloud-computing arrangement costs150 95 Cash received for lease incentives3,798 394 Cash paid for amounts included in the measurement of lease liabilitiesOperating cash flows from finance leases840 1,414 Operating cash flows from operating leases6,344 8,142 Financing cash flows from finance leases1,216 1,652 Noncash investing and financing activities:Purchases of property and equipment included in accounts payable and accrued expenses at period end1,678 2,099 Capitalized software development costs included in accounts payable and accrued expenses at period