Company: PCOR
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001611052-25-000007
Chunk: 19

Company: PROCORE TECHNOLOGIES, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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2,023 (148)2,414 (492)Loss before (benefit from) provision for income taxes(21,500)(5,821)(49,195)(16,524)(Benefit from) provision for income taxes(411)490 4,883 753 Net loss$(21,089)$(6,311)$(54,078)$(17,277)Net loss per share attributable to common stockholders, basic and diluted$(0.14)$(0.04)$(0.36)$(0.12)Weighted-average shares used in computing net loss per share attributable to common stockholders, basic and diluted149,663,744146,938,942149,829,900146,207,469Other comprehensive income (loss)Foreign currency translation adjustment, net of tax$1,263 $(87)$1,430 $(573)Unrealized loss on available-for-sale debt and marketable securities, net of tax(197)(172)(118)(379)Total other comprehensive income (loss)1,066 (259)1,312 (952)Comprehensive loss$(20,023)$(6,570)$(52,766)$(18,229)

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 Stockholders’ Equity (unaudited)

Common StockAdditionalPaid-inCapitalAccumulatedOtherComprehensiveLossAccumulatedDeficitTotalStockholders’Equity(in thousands, except share amounts)SharesAmountBalance as of December 31, 2023144,806,464$15 $2,295,807 $(1,375)$(1,138,837)$1,155,610 Exercise of stock options471,310— 7,140 — — 7,140 Stock-based compensation—— 42,590 — — 42,590 Issuance of common stock upon settlement of restricted stock units994,029— — — — — Other comprehensive loss—— — (693)— (693)Net loss—— — — (10,966)(10,966)Balance as of March 31, 2024146,271,803$15 $2,345,537 $(2,068)$(1,149,803)$1,193,681 Exercise of stock