PROCORE TECHNOLOGIES, INC.

Listed Company

PCORCIK 0001611052NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.32B

Net Income

$-100.78M

Total Assets

$2.24B

Equity

$1.26B

Shares Out

150.89M

Op. Cash Flow

$300.27M

PCOR$43.97−37.52% · past yearDBEQ Basic

Daily closing prices

Business

Procore Technologies is the leading global provider of cloud-based construction management software serving owners, general contractors, and specialty contractors across residential and non-residential segments. The company offers four integrated product categories—Preconstruction, Project Execution, Resource Management, and Financial Management—plus platform capabilities including AI, analytics, BIM, collaboration, document management, and ecosystem integrations. Revenue is generated primarily through subscriptions priced by product mix and annual construction volume, with an unlimited-user model designed to encourage rapid adoption across project teams and drive network effects.

Summary from 10-K filed 2026-02-24

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	1,323	1,152	950	720	515
Cost of revenue	271	206	174	148	98
Gross profit	1,052	946	776	572	417
Sales and marketing	581	552	495	425	309
Research and development	362	313	301	271	237
General and administrative	233	218	196	166	157
Total operating expenses	1,176	1,083	991	862	702
Loss from operations	−124	−136	−216	−290	−286
Interest income	21	24	20	6	175,000
Interest expense	−1	−2	−2	2	—
Accretion income, net	8	14	10	2	0
Other income (expense), net	2	−3	−360,000	−2	−843,000
Loss before provision for income taxes	−94	−104	−188	−286	−289
Provision for income taxes	7	2	1	466,000	−24
Net loss	−101	−106	−190	−287	−265
Net loss per share attributable to common stockholders, basic (in dollars per share)	−0.67	−0.72	−1.34	−2.1	−2.86
Net loss per share attributable to common stockholders, diluted (in dollars per share)	−0.67	−0.72	−1.34	−2.1	−2.86
Weighted-average shares used in computing net loss per share attributable to common stockholders, basic (in shares)	150	147	142	137	93
Weighted-average shares used in computing net loss per share attributable to common stockholders, diluted (in shares)	150	147	142	137	93
Foreign currency translation adjustment, net of tax	1	−2	437,000	−1	−770,000
Unrealized income (loss) on available-for-sale debt and marketable securities, net of tax	45,000	425,000	504,000	−378,000	0
Total other comprehensive income (loss)	1	−1	941,000	−2	−770,000
Comprehensive loss	−99	−107	−189	−289	−266

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	481	438	358	297	586
Marketable securities (amortized cost of [in-cell link] and [in-cell link] at [in-cell link] and [in-cell link], respectively)	288	338	320	285	—
Accounts receivable, net of allowance for credit losses of [in-cell link] and [in-cell link] at [in-cell link] and [in-cell link], respectively	288	246	207	149	114
Contract cost asset, current	55	34	29	24	17
Prepaid expenses and other current assets	55	44	42	45	35
Total current assets	1,167	1,100	956	799	752
Marketable securities, non-current (amortized cost of [in-cell link] and [in-cell link] at [in-cell link] and [in-cell link], respectively)	43	46	0	—	—
Capitalized software development costs, net	142	112	83	59	27
Property and equipment, net	49	44	36	39	37
Right of use assets - finance leases	20	32	34	37	40
Right of use assets - operating leases	36	29	44	42	44
Contract cost asset, non-current	79	48	45	40	26
Intangible assets, net	105	121	138	163	—
Goodwill	574	550	539	539	541
Other assets	25	21	19	22	22
Total assets	2,239	2,101	1,894	1,740	1,691
Accounts payable	25	33	13	14	15
Accrued expenses	130	89	100	99	66
Deferred revenue, current	687	585	502	397	302
Other current liabilities	42	21	27	22	21
Total current liabilities	885	728	642	532	404
Deferred revenue, non-current	6	6	8	5	4
Finance lease liabilities, non-current	27	41	44	46	47
Operating lease liabilities, non-current	46	33	38	38	42
Other liabilities, non-current	14	5	6	3	5
Total liabilities	977	813	738	624	501
Commitments and contingencies (Note 11)	—	—	—	—	—
Preferred stock, $0.0001 par value, 100,000,000 shares authorized at [in-cell link] and [in-cell link]; [in-cell link] shares issued and outstanding at [in-cell link] and [in-cell link].	0	0	0	0	—
Common stock, $0.0001 par value, 1,000,000,000 shares authorized at [in-cell link] and [in-cell link] ; [in-cell link] and [in-cell link] shares issued and outstanding at [in-cell link] and [in-cell link], respectively.	15,000	15,000	15,000	14,000	13,000
Additional paid-in capital	2,609	2,536	2,296	2,068	1,852
Accumulated other comprehensive loss	−1	−3	−1	−2	−583,000
Accumulated deficit	−1,346	−1,245	−1,139	−949	−662
Total stockholders equity	1,262	1,288	1,156	1,117	1,189
Total liabilities and stockholders equity	2,239	2,101	1,894	1,740	1,691

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Stock-based compensation	238	187	175	163	227
Depreciation and amortization	111	90	72	63	36
Accretion of discounts on marketable debt securities, net	−8	−13	−10	−2	0
Abandonment of long-lived assets	4	1	1	1	554,000
Noncash operating lease expense	6	11	13	10	8
Unrealized foreign currency (gain) loss, net	−2	2	−524,000	−351,000	685,000
Deferred income taxes	−7	−881,000	−769,000	−283,000	−24
(Benefit from) provision for credit losses	−514,000	591,000	8	3	129,000
(Increase) decrease in fair value of strategic investments	−124,000	−454,000	287,000	483,000	−32,000
Accounts receivable	−40	−40	−57	−36	−34
Deferred contract cost assets	−52	−9	−9	−22	−10
Prepaid expenses and other assets	−6	−3	−6	−4	−17
Accounts payable	−8	20	−938,000	459,000	4
Accrued expenses and other liabilities	64	−16	5	35	38
Deferred revenue	100	79	107	97	79
Operating lease liabilities	1	−7	−14	−9	−6
Net cash provided by operating activities	300	196	92	13	37
Purchases of property and equipment	−18	−19	−10	−16	−12
Capitalized software development costs	−66	−50	−35	−34	−15
Purchases of strategic investments	−2	−2	−764,000	−4	−4
Purchases of marketable securities	−351	−491	−402	−369	0
Maturities of marketable securities	409	441	372	86	0
Sales of marketable securities	3	0	5	0	0
Originations of materials financing	0	0	−24	−23	0
Customer repayments of materials financing	0	2	26	19	0
Acquisition of businesses, net of cash acquired	−42	−26	0	0	−510
Asset acquisitions, net of cash acquired	−4	−4	−8	0	0
Net cash used in investing activities	−70	−150	−76	−340	−542
Proceeds from stock option exercises	12	16	18	22	43
Proceeds from employee stock purchase plan	26	24	25	22	9
Repurchases of common stock	−129	0	0	—	—
Payment of tax withholding for net share settlement	−94	0	0	—	—
Payment of deferred business combination consideration	0	−1	0	−4	−475,000
Payment of deferred asset acquisition consideration	−1	−81,000	0	0	—
Principal payments under finance lease agreements, net of proceeds from lease incentives	−2	−2	−2	−2	−2
Net increase in funds held for customers	9	0	0	—	—
Net cash (used in) provided by financing activities	−179	36	41	39	712
Net increase in cash, cash equivalents and restricted cash	51	82	57	−289	207
Effect of exchange rate changes on cash	2	−2	855,000	−180,000	−829,000
Cash paid for interest other than finance leases	39,000	25,000	4,000	94,000	186,000
Stock-based compensation capitalized for cloud-computing arrangement costs	233,000	104,000	296,000	256,000	346,000
Cash received for lease incentives	11	3	789,000	2	1
Operating cash flows from finance leases	1	2	2	2	2
Operating cash flows from operating leases	12	12	16	12	8
Financing cash flows from finance leases	2	2	2	2	2
Purchases of property and equipment included in accounts payable and accrued expenses at year end	3	2	754,000	1	3
Capitalized software development costs included in accounts payable and accrued expenses at year end	3	4	2	2	1
Deferred asset acquisition payment included in other current liabilities and other non-current liabilities at year end	600,000	1	1	0	0
Stock-based compensation capitalized for software development	19	13	9	9	5
Conversion of available-for-sale debt securities into equity securities	0	350,000	0	4	0
Right of use assets obtained in exchange for financing lease liabilities	−10	0	0	—	—
Right of use assets obtained in exchange for operating lease liabilities	13	−4	15	10	—
Noncash net change due to operating lease remeasurement	0	−89,000	−115,000	−2	9,000

Filings

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Frequently asked questions

What is PROCORE TECHNOLOGIES, INC.'s CIK number?

PROCORE TECHNOLOGIES, INC.'s SEC CIK number is 0001611052 (1611052). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find PROCORE TECHNOLOGIES, INC.'s SEC filings?

All of PROCORE TECHNOLOGIES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did PROCORE TECHNOLOGIES, INC. last report earnings?

PROCORE TECHNOLOGIES, INC. (PCOR) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-030125). This is PROCORE TECHNOLOGIES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is PROCORE TECHNOLOGIES, INC.'s most recent earnings 8-K?

PROCORE TECHNOLOGIES, INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001628280-26-030125. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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