Company: PCOR
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001628280-25-021898
Chunk: 14

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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, $0.0001 par value, 100,000,000 shares authorized at March 31, 2025 and December 31, 2024; 0 shares issued and outstanding at March 31, 2025 and December 31, 2024.— — Common stock, $0.0001 par value, 1,000,000,000 shares authorized at March 31, 2025 and December 31, 2024; 149,104,117 and 149,853,135 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively.15 15 Additional paid-in capital2,461,905 2,535,868 Accumulated other comprehensive loss(2,491)(2,737)Accumulated deficit(1,277,782)(1,244,793)Total stockholders’ equity1,181,647 1,288,353 Total liabilities and stockholders’ equity$1,948,714 $2,101,371 

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

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Table of Contents

Procore Technologies, Inc.

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)

Three Months Ended March 31,(in thousands, except share and per share amounts)20252024Revenue$310,632 $269,428 Cost of revenue64,926 45,723 Gross profit245,706 223,705 Operating expensesSales and marketing138,684 120,994 Research and development87,609 70,599 General and administrative55,658 51,018 Total operating expenses281,951 242,611 Loss from operations(36,245)(18,906)Interest income5,997 5,938 Interest expense(285)(479)Accretion income, net2,447 3,088 Other income (expense), net391 (344)Loss before provision for income taxes(27,695)(10,703)Provision for income taxes5,294 263 Net loss$(32,989)$(10,966)Net loss per share attributable to common stockholders, basic and diluted$(0.22)$(0.08)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted149,997,899145,476,006Other comprehensive