Procore Technologies (PCOR) Financials

$46.39 -1.15 (-2.41%)

Closing price 03:59 PM Eastern

Extended Trading

$46.37 -0.02 (-0.05%)

As of 07:23 PM Eastern

Annual Income Statements for Procore Technologies

This table shows Procore Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-83	-96	-265	-287	-190	-106	-101
Consolidated Net Income / (Loss)	-83	-96	-265	-287	-190	-106	-101
Net Income / (Loss) Continuing Operations	-83	-96	-265	-287	-190	-106	-101
Total Pre-Tax Income	-83	-97	-289	-286	-188	-104	-94
Total Operating Income	-83	-59	-286	-290	-216	-136	-124
Total Gross Profit	236	329	417	572	776	946	1,052
Total Revenue	289	400	515	720	950	1,152	1,323
Operating Revenue	289	400	515	720	950	1,152	1,323
Total Cost of Revenue	53	72	98	148	174	206	271
Operating Cost of Revenue	53	72	98	148	174	206	271
Total Operating Expenses	319	387	702	862	991	1,083	1,176
Selling, General & Admin Expense	58	73	157	166	196	218	233
Marketing Expense	173	189	309	425	495	552	581
Research & Development Expense	87	125	237	271	301	313	362
Total Other Income / (Expense), net	-0.41	-39	-3.00	1.95	27	32	30
Interest Expense	0.93	2.35	2.33	2.14	1.96	1.90	1.15
Interest & Investment Income	-	0.29	0.18	5.83	20	24	21
Other Income / (Expense), net	0.52	-37	-0.84	-1.74	9.43	10	11
Income Tax Expense	0.07	-0.99	-24	0.47	1.27	1.78	6.80
Basic Earnings per Share	($3.41)	($3.45)	($2.86)	($2.10)	($1.34)	($0.72)	($0.67)
Weighted Average Basic Shares Outstanding	24.36M	27.90M	92.67M	136.53M	141.96M	147.44M	150.25M
Diluted Earnings per Share	($3.41)	$0.00	($2.86)	($2.10)	($1.34)	($0.72)	($0.67)
Weighted Average Diluted Shares Outstanding	24.36M	27.90M	92.67M	136.53M	141.96M	147.44M	150.25M
Weighted Average Basic & Diluted Shares Outstanding	24.36M	27.90M	92.67M	140.25M	144.92M	149.92M	150.10M

This table shows Procore Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-44	-30	-11	-6.31	-26	-62	-33	-21	-9.10	-38	-9.10
Consolidated Net Income / (Loss)	-44	-30	-11	-6.31	-26	-62	-33	-21	-9.10	-38	-9.10
Net Income / (Loss) Continuing Operations	-44	-30	-11	-6.31	-26	-62	-33	-21	-9.10	-38	-9.10
Total Pre-Tax Income	-44	-29	-11	-5.82	-27	-61	-28	-22	-8.62	-36	-11
Total Operating Income	-50	-37	-19	-15	-36	-66	-36	-30	-15	-43	-16
Total Gross Profit	204	212	224	236	241	245	246	256	270	280	288
Total Revenue	248	260	269	284	296	302	311	324	339	349	359
Operating Revenue	248	260	269	284	296	302	311	324	339	349	359
Total Cost of Revenue	44	48	46	48	55	57	65	68	69	69	71
Operating Cost of Revenue	44	48	46	48	55	57	65	68	69	69	71
Total Operating Expenses	254	250	243	251	277	311	282	286	285	322	303
Selling, General & Admin Expense	52	52	51	51	55	60	56	56	53	69	69
Marketing Expense	130	123	121	128	141	162	139	142	144	156	149
Research & Development Expense	73	75	71	72	81	89	88	89	88	98	86
Total Other Income / (Expense), net	6.70	8.52	8.20	8.96	9.76	5.33	8.55	8.77	6.41	6.64	4.70
Interest Expense	0.49	0.48	0.48	0.47	0.49	0.46	0.29	0.30	0.28	0.29	0.27
Interest & Investment Income	4.72	3.54	5.94	5.81	5.96	16	6.00	7.04	4.83	3.08	5.52
Other Income / (Expense), net	2.47	5.46	2.74	3.61	4.28	-10	2.84	2.02	1.86	3.86	-0.56
Income Tax Expense	0.19	0.70	0.26	0.49	-0.35	1.38	5.29	-0.41	0.48	1.44	-1.88
Basic Earnings per Share	($0.31)	($0.21)	($0.08)	($0.04)	($0.18)	($0.42)	($0.22)	($0.14)	($0.06)	($0.25)	($0.06)
Weighted Average Basic Shares Outstanding	142.83M	141.96M	145.48M	146.94M	148.13M	147.44M	150.00M	149.66M	150.28M	150.25M	150.95M
Diluted Earnings per Share	($0.31)	($0.21)	($0.08)	($0.04)	($0.18)	($0.42)	($0.22)	($0.14)	($0.06)	($0.25)	($0.06)
Weighted Average Diluted Shares Outstanding	142.83M	141.96M	145.48M	146.94M	148.13M	147.44M	150.00M	149.66M	150.28M	150.25M	150.95M
Weighted Average Basic & Diluted Shares Outstanding	143.49M	144.92M	146.32M	147.69M	148.66M	149.92M	149.17M	150.19M	155.47M	150.10M	150.89M

This table details how cash moves in and out of Procore Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	19	260	207	-289	57	82	51
Net Cash From Operating Activities	-7.00	22	37	13	92	196	300
Net Cash From Continuing Operating Activities	-7.00	22	37	13	92	196	300
Net Income / (Loss) Continuing Operations	-83	-96	-265	-287	-190	-106	-101
Consolidated Net Income / (Loss)	-83	-96	-265	-287	-190	-106	-101
Depreciation Expense	15	26	36	63	72	90	111
Non-Cash Adjustments To Reconcile Net Income	24	91	236	175	187	189	238
Changes in Operating Assets and Liabilities, net	37	1.33	29	62	23	23	53
Net Cash From Investing Activities	-67	-34	-542	-340	-76	-150	-70
Net Cash From Continuing Investing Activities	-67	-34	-542	-340	-76	-150	-70
Purchase of Property, Plant & Equipment	-28	-19	-28	-49	-53	-72	-87
Acquisitions	-39	-15	-510	0.00	0.00	-26	-42
Purchase of Investments	0.00	0.00	-4.30	-373	-403	-494	-354
Sale and/or Maturity of Investments	-	0.00	0.00	86	378	441	412
Other Investing Activities, net	-	0.00	0.00	-3.51	2.27	1.61	0.00
Net Cash From Financing Activities	93	272	712	39	41	36	-179
Net Cash From Continuing Financing Activities	93	217	712	39	41	36	-179
Repayment of Debt	-1.13	-0.09	-	-	-	-	-1.64
Repurchase of Common Equity	-1.04	-2.30	-3.88	-0.27	0.00	0.00	-129
Payment of Dividends	-1.76	-0.17	-0.48	-3.87	0.00	-1.47	0.00
Issuance of Common Equity	0.00	0.00	675	22	25	24	26
Other Financing Activities, net	6.69	31	43	22	18	16	-75
Cash Interest Paid	0.15	0.15	0.19	0.09	0.00	0.03	0.04

This table details how cash moves in and out of Procore Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	6.37	38	71	-72	82	1.69	-124	8.45	34	132	-88
Net Cash From Operating Activities	34	41	69	59	39	29	66	31	88	115	77
Net Cash From Continuing Operating Activities	34	41	69	59	39	29	66	31	88	115	77
Net Income / (Loss) Continuing Operations	-44	-30	-11	-6.31	-26	-62	-33	-21	-9.10	-38	-9.10
Consolidated Net Income / (Loss)	-44	-30	-11	-6.31	-26	-62	-33	-21	-9.10	-38	-9.10
Depreciation Expense	18	20	20	21	24	25	27	27	29	27	29
Non-Cash Adjustments To Reconcile Net Income	48	45	41	48	48	52	46	56	57	79	61
Changes in Operating Assets and Liabilities, net	12	5.40	19	-3.82	-6.34	14	26	-31	12	46	-4.52
Net Cash From Investing Activities	-31	-18	-4.67	-147	42	-41	-64	-17	-15	25	-55
Net Cash From Continuing Investing Activities	-31	-18	-4.67	-147	42	-41	-64	-17	-15	25	-55
Purchase of Property, Plant & Equipment	-11	-20	-12	-12	-16	-33	-23	-20	-21	-23	-21
Acquisitions	-6.01	6.01	0.00	-30	-	3.79	-41	-0.26	-	-	-159
Purchase of Investments	-80	-93	-102	-224	-87	-81	-135	-84	-60	-74	-0.53
Sale and/or Maturity of Investments	65	85	107	119	146	69	136	88	66	122	125
Net Cash From Financing Activities	3.64	15	6.68	16	0.01	14	-126	-5.42	-40	-7.13	-110
Net Cash From Continuing Financing Activities	3.64	15	6.68	16	0.01	14	-126	-5.42	-40	-7.13	-110
Repurchase of Common Equity	-	-	0.00	-	-	-	-100	-3.13	-26	-0.02	-100
Issuance of Debt	-0.52	-0.40	-0.45	-0.22	-0.90	-	-0.39	-0.41	-0.42	-	-0.42
Other Financing Activities, net	4.16	2.52	7.13	2.79	0.91	4.84	-26	-16	-14	-19	-9.26
Cash Income Taxes Paid	-0.00	0.18	0.17	1.46	0.46	0.58	0.56	2.35	0.78	-	1.01

This table presents Procore Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2020	2021	2022	2023	2024	2025
Period end date	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	821	1,691	1,740	1,894	2,101	2,239
Total Current Assets	488	752	799	956	1,100	1,167
Cash & Equivalents	380	586	297	358	438	481
Short-Term Investments	-	0.00	285	320	338	288
Accounts Receivable	78	114	149	207	246	288
Prepaid Expenses	17	35	45	42	44	55
Other Current Assets	14	17	24	29	34	55
Plant, Property, & Equipment, net	30	37	39	36	44	49
Total Noncurrent Assets	303	902	902	902	958	1,024
Long-Term Investments	-	-	-	0.00	46	43
Noncurrent Note & Lease Receivables	42	40	37	34	32	20
Goodwill	126	541	539	539	550	574
Intangible Assets	52	229	222	221	233	248
Other Noncurrent Operating Assets	83	92	104	107	97	140
Total Liabilities & Shareholders' Equity	821	1,691	1,740	1,894	2,101	2,239
Total Liabilities	365	501	624	738	813	977
Total Current Liabilities	262	404	532	642	728	885
Accounts Payable	9.01	15	14	13	33	25
Accrued Expenses	28	66	99	100	89	130
Current Deferred Revenue	213	302	397	502	585	687
Other Current Liabilities	11	21	22	27	21	42
Total Noncurrent Liabilities	104	98	92	96	85	92
Capital Lease Obligations	-	-	46	44	41	27
Noncurrent Deferred Revenue	6.37	4.02	5.28	7.69	5.82	6.04
Other Noncurrent Operating Liabilities	97	94	41	44	38	60
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-272	1,189	1,117	1,156	1,288	1,262
Total Preferred & Common Equity	-272	1,189	1,117	1,156	1,288	1,262
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-272	1,189	1,117	1,156	1,288	1,262
Common Stock	125	1,852	2,068	2,296	2,536	2,609
Retained Earnings	-397	-662	-949	-1,139	-1,245	-1,346
Accumulated Other Comprehensive Income / (Loss)	0.19	-0.58	-2.32	-1.38	-2.74	-1.27

This table presents Procore Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,677	1,711	1,726	1,783	1,879	1,967	2,019	1,949	2,004	2,058	2,108
Total Current Assets	735	775	798	842	955	966	1,017	816	913	1,005	901
Cash & Equivalents	265	329	313	318	428	356	439	314	324	350	386
Short-Term Investments	293	274	290	308	317	379	318	253	297	333	205
Accounts Receivable	107	106	126	146	139	159	173	162	194	206	185
Prepaid Expenses	50	42	44	43	42	41	54	51	54	68	68
Other Current Assets	21	24	26	27	30	31	32	37	43	48	57
Plant, Property, & Equipment, net	41	38	37	37	35	35	36	44	44	46	48
Total Noncurrent Assets	901	898	891	904	888	966	966	1,089	1,048	1,008	1,159
Long-Term Investments	-	-	-	-	-	45	52	132	86	44	0.00
Noncurrent Note & Lease Receivables	37	36	36	35	34	33	32	21	21	20	19
Goodwill	539	539	539	539	539	550	550	573	574	574	689
Intangible Assets	224	218	215	221	216	238	234	258	254	250	298
Other Noncurrent Operating Assets	101	104	101	108	99	99	97	104	113	120	153
Total Liabilities & Shareholders' Equity	1,677	1,711	1,726	1,783	1,879	1,967	2,019	1,949	2,004	2,058	2,108
Total Liabilities	553	607	610	659	685	711	733	767	787	834	908
Total Current Liabilities	459	515	520	562	595	625	649	686	706	754	807
Accounts Payable	16	19	16	17	16	27	25	22	20	29	18
Accrued Expenses	83	70	60	95	67	71	91	77	98	110	86
Current Deferred Revenue	329	403	417	426	488	495	502	560	561	572	655
Other Current Liabilities	30	23	27	24	24	32	31	26	28	43	47
Total Noncurrent Liabilities	94	92	90	98	90	86	84	81	81	80	101
Capital Lease Obligations	-	-	45	44	43	42	42	28	27	27	26
Noncurrent Deferred Revenue	5.02	5.54	5.15	5.84	7.40	6.14	4.82	5.31	4.47	5.50	5.61
Other Noncurrent Operating Liabilities	89	87	40	48	40	38	37	48	49	48	69
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,124	1,104	1,116	1,124	1,194	1,256	1,286	1,182	1,218	1,224	1,200
Total Preferred & Common Equity	1,124	1,104	1,116	1,124	1,194	1,256	1,286	1,182	1,218	1,224	1,200
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,124	1,104	1,116	1,124	1,194	1,256	1,286	1,182	1,218	1,224	1,200
Common Stock	2,005	2,119	2,184	2,235	2,346	2,414	2,468	2,462	2,518	2,534	2,557
Retained Earnings	-878	-1,013	-1,065	-1,109	-1,150	-1,156	-1,183	-1,278	-1,299	-1,308	-1,355
Accumulated Other Comprehensive Income / (Loss)	-2.75	-2.01	-2.00	-2.43	-2.07	-2.33	-0.31	-2.49	-1.43	-1.64	-1.99

This table displays calculated financial ratios and metrics derived from Procore Technologies' official financial filings.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	0.00%	38.42%	28.61%	39.89%	31.91%	21.23%	14.83%
EBITDA Growth	0.00%	-2.80%	-262.33%	8.48%	41.26%	63.00%	91.19%
EBIT Growth	0.00%	-15.83%	-201.55%	-1.89%	29.42%	32.33%	9.69%
NOPAT Growth	0.00%	29.16%	-388.51%	-1.58%	25.74%	36.75%	8.85%
Net Income Growth	0.00%	-15.71%	-175.73%	-8.21%	33.89%	44.14%	4.88%
EPS Growth	0.00%	100.00%	0.00%	26.57%	36.19%	46.27%	6.94%
Operating Cash Flow Growth	0.00%	412.01%	68.08%	-65.67%	629.81%	113.20%	53.06%
Free Cash Flow Firm Growth	0.00%	0.00%	-525.12%	75.23%	48.94%	10.36%	31.44%
Invested Capital Growth	0.00%	0.00%	699.29%	-3.82%	-10.15%	-2.49%	-5.99%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	8.42%	6.50%	3.79%	3.69%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	1.05%	25.75%	-147.15%	93.20%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-0.36%	17.44%	-32.95%	26.53%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-0.26%	14.94%	-26.89%	15.86%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-7.58%	18.01%	-44.78%	19.68%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-32.91%	18.29%	-41.18%	20.24%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	-29.48%	192.31%	24.41%	-5.62%	40.06%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	39.64%	-57.95%	47.74%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	2.46%	-3.70%	-1.93%	-8.66%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	81.62%	82.10%	80.90%	79.39%	81.64%	82.15%	79.52%
EBITDA Margin	-23.25%	-17.26%	-48.64%	-31.82%	-14.17%	-4.32%	-0.24%
Operating Margin	-28.57%	-14.62%	-55.54%	-40.33%	-22.70%	-11.85%	-9.40%
EBIT Margin	-28.39%	-23.76%	-55.70%	-40.57%	-21.71%	-12.12%	-8.60%
Profit (Net Income) Margin	-28.74%	-24.02%	-51.51%	-39.84%	-19.97%	-9.20%	-7.62%
Tax Burden Percent	100.09%	98.98%	91.78%	100.16%	100.68%	101.70%	107.24%
Interest Burden Percent	101.13%	102.17%	100.75%	98.04%	91.36%	74.65%	82.61%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	-108.58%	-58.98%	-34.36%	-27.42%	-18.55%	-17.65%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	-79.53%	-45.52%	-19.47%	-20.80%	-17.07%	-15.90%
Return on Net Nonoperating Assets (RNNOA)	0.00%	66.35%	26.74%	9.48%	10.72%	9.88%	9.75%
Return on Equity (ROE)	0.00%	-42.24%	-32.25%	-24.88%	-16.70%	-8.67%	-7.90%
Cash Return on Invested Capital (CROIC)	0.00%	-308.58%	-214.51%	-30.47%	-16.72%	-16.03%	-11.48%
Operating Return on Assets (OROA)	0.00%	-11.59%	-22.84%	-17.03%	-11.35%	-6.99%	-5.24%
Return on Assets (ROA)	0.00%	-11.72%	-21.12%	-16.73%	-10.44%	-5.30%	-4.64%
Return on Common Equity (ROCE)	0.00%	25.24%	-17.98%	-24.88%	-16.70%	-8.67%	-7.90%
Return on Equity Simple (ROE_SIMPLE)	0.00%	35.34%	-22.30%	-25.69%	-16.42%	-8.22%	0.00%
Net Operating Profit after Tax (NOPAT)	-58	-41	-200	-203	-151	-95	-87
NOPAT Margin	-20.00%	-10.24%	-38.88%	-28.23%	-15.89%	-8.29%	-6.58%
Net Nonoperating Expense Percent (NNEP)	0.00%	-29.06%	-13.46%	-14.89%	-6.61%	-1.48%	-1.76%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-17.49%	-12.59%	-7.18%	-6.75%
Cost of Revenue to Revenue	18.38%	17.90%	19.10%	20.61%	18.36%	17.85%	20.48%
SG&A Expenses to Revenue	20.11%	18.35%	30.43%	23.09%	20.60%	18.89%	17.62%
R&D to Revenue	30.09%	31.14%	46.09%	37.63%	31.64%	27.18%	27.40%
Operating Expenses to Revenue	110.19%	96.72%	136.44%	119.72%	104.34%	93.99%	88.92%
Earnings before Interest and Taxes (EBIT)	-82	-95	-287	-292	-206	-140	-114
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-67	-69	-250	-229	-135	-50	-3.19
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	8.88	5.83	8.60	8.65	8.96
Price to Tangible Book Value (P/TBV)	0.00	0.00	25.18	18.28	25.10	22.04	25.67
Price to Revenue (P/Rev)	2.19	1.59	20.51	9.04	10.46	9.67	8.55
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	13.01	16.53	10.30	17.84	20.38	22.03
Enterprise Value to Revenue (EV/Rev)	0.00	2.45	19.37	8.30	9.79	8.99	7.96
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	44.94	271.48	473.88	101.05	52.81	35.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.04	0.04	0.03	0.02
Long-Term Debt to Equity	0.00	0.00	0.00	0.04	0.04	0.03	0.02
Financial Leverage	0.00	-0.83	-0.59	-0.49	-0.52	-0.58	-0.61
Leverage Ratio	0.00	1.80	1.53	1.49	1.60	1.63	1.70
Compound Leverage Factor	0.00	1.84	1.54	1.46	1.46	1.22	1.41
Debt to Total Capital	0.00%	0.00%	0.00%	3.92%	3.63%	3.11%	2.06%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	3.92%	3.63%	3.11%	2.06%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	159.75%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-59.75%	100.00%	96.08%	96.37%	96.89%	97.94%
Debt to EBITDA	0.00	0.00	0.00	-0.20	-0.32	-0.83	-8.32
Net Debt to EBITDA	0.00	0.00	0.00	2.34	4.71	15.66	245.68
Long-Term Debt to EBITDA	0.00	0.00	0.00	-0.20	-0.32	-0.83	-8.32
Debt to NOPAT	0.00	0.00	0.00	-0.22	-0.29	-0.43	-0.31
Net Debt to NOPAT	0.00	0.00	0.00	2.64	4.20	8.17	9.01
Long-Term Debt to NOPAT	0.00	0.00	0.00	-0.22	-0.29	-0.43	-0.31
Altman Z-Score	0.00	0.80	12.08	5.55	7.57	7.93	6.68
Noncontrolling Interest Sharing Ratio	0.00%	159.75%	44.23%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	0.00	1.86	1.86	1.50	1.49	1.51	1.32
Quick Ratio	0.00	1.75	1.73	1.37	1.38	1.40	1.19
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	-116	-728	-180	-92	-83	-57
Operating Cash Flow to CapEx	-25.02%	115.22%	132.93%	25.51%	174.16%	270.72%	343.97%
Free Cash Flow to Firm to Interest Expense	0.00	-49.48	-312.66	-84.44	-47.04	-43.46	-49.07
Operating Cash Flow to Interest Expense	-7.53	9.29	15.78	5.91	47.02	103.30	260.43
Operating Cash Flow Less CapEx to Interest Expense	-37.63	1.23	3.91	-17.25	20.02	65.14	184.71
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.00	0.49	0.41	0.42	0.52	0.58	0.61
Accounts Receivable Turnover	0.00	5.15	5.37	5.48	5.35	5.08	4.95
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	13.23	15.35	18.95	25.18	28.85	28.68
Accounts Payable Turnover	0.00	7.95	8.02	9.97	12.71	8.88	9.29
Days Sales Outstanding (DSO)	0.00	70.84	67.95	66.56	68.26	71.80	73.73
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	45.90	45.48	36.61	28.72	41.12	39.29
Cash Conversion Cycle (CCC)	0.00	24.94	22.46	29.95	39.54	30.68	34.43
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	0.00	75	603	580	521	508	478
Invested Capital Turnover	0.00	10.61	1.52	1.22	1.73	2.24	2.68
Increase / (Decrease) in Invested Capital	0.00	75	528	-23	-59	-13	-30
Enterprise Value (EV)	0.00	982	9,971	5,975	9,298	10,359	10,524
Market Capitalization	634	634	10,557	6,511	9,933	11,139	11,309
Book Value per Share	$0.00	($9.75)	$9.01	$8.09	$8.05	$8.67	$8.12
Tangible Book Value per Share	$0.00	($16.13)	$3.18	$2.58	$2.76	$3.40	$2.83
Total Capital	0.00	455	1,189	1,162	1,199	1,330	1,289
Total Debt	0.00	0.00	0.00	46	44	41	27
Total Long-Term Debt	0.00	0.00	0.00	46	44	41	27
Net Debt	0.00	-380	-586	-537	-634	-780	-784
Capital Expenditures (CapEx)	28	19	28	49	53	72	87
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-154	-238	-315	-365	-404	-486
Debt-free Net Working Capital (DFNWC)	0.00	226	349	268	313	372	282
Net Working Capital (NWC)	0.00	226	349	268	313	372	282
Net Nonoperating Expense (NNE)	25	55	65	84	39	10	14
Net Nonoperating Obligations (NNO)	0.00	-380	-586	-537	-634	-780	-784
Total Depreciation and Amortization (D&A)	15	26	36	63	72	90	111
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-38.38%	-46.14%	-43.69%	-38.38%	-35.04%	-36.76%
Debt-free Net Working Capital to Revenue	0.00%	56.52%	67.71%	37.15%	32.98%	32.29%	21.34%
Net Working Capital to Revenue	0.00%	56.52%	67.71%	37.15%	32.98%	32.29%	21.34%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	($2.86)	($2.10)	($1.34)	($0.72)	($0.67)
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	135.10M	136.53M	141.96M	147.44M	150.25M
Adjusted Diluted Earnings per Share	$0.00	$0.00	($2.86)	$0.00	($1.34)	($0.72)	($0.67)
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	135.10M	136.53M	141.96M	147.44M	150.25M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	($2.86)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	92.67M	140.25M	144.92M	149.92M	150.10M
Normalized Net Operating Profit after Tax (NOPAT)	-58	-41	-200	-203	-151	-95	-87
Normalized NOPAT Margin	-20.00%	-10.24%	-38.88%	-28.23%	-15.89%	-8.29%	-6.58%
Pre Tax Income Margin	-28.71%	-24.27%	-56.12%	-39.78%	-19.83%	-9.05%	-7.11%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	-88.29	-40.42	-123.18	-136.86	-105.39	-73.49	-98.67
NOPAT to Interest Expense	-62.19	-17.41	-85.97	-95.23	-77.15	-50.29	-75.49
EBIT Less CapEx to Interest Expense	-118.38	-48.48	-135.05	-160.01	-132.39	-111.65	-174.38
NOPAT Less CapEx to Interest Expense	-92.29	-25.47	-97.84	-118.38	-104.14	-88.45	-151.20
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	-2.12%	-0.17%	-0.18%	-1.35%	0.00%	-1.39%	0.00%
Augmented Payout Ratio	-3.38%	-2.56%	-1.64%	-1.44%	0.00%	-1.39%	-127.84%

This table displays calculated financial ratios and metrics derived from Procore Technologies' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	150,100,482.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	150,100,482.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-0.06
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.98%	28.70%	26.18%	24.42%	19.35%	16.15%	15.29%	13.92%	14.52%	15.58%	15.66%
EBITDA Growth	47.15%	79.30%	107.39%	114.92%	73.53%	-323.77%	-268.48%	-110.40%	300.75%	72.12%	297.50%
EBIT Growth	34.36%	57.75%	76.74%	73.82%	32.72%	-139.25%	-106.70%	-153.01%	59.11%	41.38%	51.43%
NOPAT Growth	29.89%	50.36%	72.70%	74.84%	27.51%	-77.44%	-91.71%	-104.84%	58.82%	35.39%	56.76%
Net Income Growth	38.42%	58.53%	82.72%	88.07%	39.82%	-111.02%	-200.83%	-234.16%	65.51%	39.63%	72.43%
EPS Growth	40.38%	58.82%	82.22%	89.19%	41.94%	-100.00%	-175.00%	-250.00%	66.67%	40.48%	72.73%
Operating Cash Flow Growth	411.22%	79.55%	136.19%	602.65%	16.64%	-28.68%	-4.51%	-47.48%	125.26%	295.59%	16.25%
Free Cash Flow Firm Growth	98.19%	210.69%	-113.95%	284.47%	75.34%	-201.89%	-1,048.19%	-239.00%	-504.88%	101.51%	-207.54%
Invested Capital Growth	-4.41%	-10.15%	-1.88%	-7.27%	-4.25%	-2.49%	3.78%	4.02%	0.93%	-5.99%	24.33%
Revenue Q/Q Growth	8.48%	4.89%	3.61%	5.54%	4.06%	2.08%	2.84%	4.28%	4.61%	3.03%	2.91%
EBITDA Q/Q Growth	24.00%	59.59%	117.70%	52.20%	-234.85%	-546.86%	87.31%	84.63%	1,691.26%	-172.75%	211.00%
EBIT Q/Q Growth	16.01%	33.44%	61.21%	7.66%	-115.86%	-136.72%	56.19%	15.45%	53.36%	-195.67%	58.33%
NOPAT Q/Q Growth	14.27%	25.85%	49.36%	21.84%	-147.00%	-81.51%	45.29%	16.49%	50.34%	-184.77%	63.39%
Net Income Q/Q Growth	17.08%	32.68%	62.85%	42.45%	-318.13%	-136.06%	47.04%	36.07%	56.84%	-313.19%	75.81%
EPS Q/Q Growth	16.22%	32.26%	61.90%	50.00%	-350.00%	-133.33%	47.62%	36.36%	57.14%	-316.67%	76.00%
Operating Cash Flow Q/Q Growth	388.38%	20.99%	69.71%	-15.11%	-33.08%	-26.02%	127.24%	-53.31%	186.99%	29.92%	-33.22%
Free Cash Flow Firm Q/Q Growth	37.26%	418.84%	-111.68%	889.35%	-108.39%	-1,217.56%	-31.64%	4.44%	63.51%	103.28%	-26,965.23%
Invested Capital Q/Q Growth	-3.00%	-3.70%	-5.58%	5.15%	0.15%	-1.93%	0.49%	5.40%	-2.83%	-8.66%	32.89%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.20%	81.61%	83.03%	83.08%	81.43%	81.18%	79.10%	79.09%	79.71%	80.12%	80.10%
EBITDA Margin	-12.16%	-4.69%	1.44%	2.08%	-2.70%	-17.09%	-2.11%	-0.31%	4.73%	-3.34%	3.60%
Operating Margin	-20.31%	-14.36%	-7.02%	-5.20%	-12.33%	-21.93%	-11.67%	-9.34%	-4.44%	-12.26%	-4.36%
EBIT Margin	-19.32%	-12.26%	-6.00%	-5.25%	-10.89%	-25.25%	-10.75%	-8.72%	-3.89%	-11.16%	-4.52%
Profit (Net Income) Margin	-17.69%	-11.35%	-4.07%	-2.22%	-8.92%	-20.62%	-10.62%	-6.51%	-2.69%	-10.77%	-2.53%
Tax Burden Percent	100.44%	102.43%	102.46%	108.42%	98.68%	102.26%	119.12%	98.09%	105.56%	103.98%	82.87%
Interest Burden Percent	91.16%	90.42%	66.22%	39.00%	83.01%	79.88%	82.90%	76.12%	65.46%	92.86%	67.64%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-22.90%	-17.34%	-9.94%	-7.18%	-18.09%	-34.35%	-19.43%	-15.27%	-7.61%	-23.02%	-7.31%
ROIC Less NNEP Spread (ROIC-NNEP)	-21.39%	-16.76%	-10.29%	-7.80%	-17.96%	-32.10%	-18.32%	-15.28%	-7.80%	-22.04%	-7.61%
Return on Net Nonoperating Assets (RNNOA)	10.85%	8.64%	5.84%	4.27%	10.06%	18.58%	10.59%	8.76%	4.56%	13.52%	3.95%
Return on Equity (ROE)	-12.05%	-8.70%	-4.10%	-2.92%	-8.02%	-15.77%	-8.85%	-6.51%	-3.04%	-9.50%	-3.36%
Cash Return on Invested Capital (CROIC)	-27.54%	-16.72%	-21.40%	-8.25%	-9.86%	-16.03%	-25.17%	-26.39%	-20.79%	-11.48%	-34.37%
Operating Return on Assets (OROA)	-9.96%	-6.41%	-3.36%	-3.02%	-6.36%	-14.56%	-6.70%	-5.41%	-2.43%	-6.80%	-3.05%
Return on Assets (ROA)	-9.12%	-5.94%	-2.28%	-1.28%	-5.21%	-11.89%	-6.62%	-4.04%	-1.68%	-6.56%	-1.71%
Return on Common Equity (ROCE)	-12.05%	-8.70%	-4.10%	-2.92%	-8.02%	-15.77%	-8.85%	-6.51%	-3.04%	-9.50%	-3.36%
Return on Equity Simple (ROE_SIMPLE)	-20.59%	0.00%	-11.49%	-7.22%	-5.69%	0.00%	-10.83%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-35	-26	-13	-10	-26	-46	-25	-21	-11	-30	-11
NOPAT Margin	-14.22%	-10.05%	-4.91%	-3.64%	-8.63%	-15.35%	-8.17%	-6.54%	-3.10%	-8.58%	-3.05%
Net Nonoperating Expense Percent (NNEP)	-1.51%	-0.58%	0.35%	0.62%	-0.12%	-2.25%	-1.11%	0.01%	0.19%	-0.98%	0.30%
Return On Investment Capital (ROIC_SIMPLE)	-	-2.18%	-	-	-	-3.49%	-2.10%	-1.70%	-0.84%	-2.32%	-0.89%
Cost of Revenue to Revenue	17.80%	18.39%	16.97%	16.92%	18.57%	18.82%	20.90%	20.91%	20.29%	19.88%	19.90%
SG&A Expenses to Revenue	20.88%	20.16%	18.94%	17.86%	18.68%	20.01%	17.92%	17.18%	15.58%	19.73%	19.13%
R&D to Revenue	29.33%	28.69%	26.20%	25.43%	27.30%	29.56%	28.20%	27.45%	25.98%	28.02%	23.82%
Operating Expenses to Revenue	102.51%	95.96%	90.05%	88.28%	93.76%	103.12%	90.77%	88.43%	84.14%	92.38%	84.46%
Earnings before Interest and Taxes (EBIT)	-48	-32	-16	-15	-32	-76	-33	-28	-13	-39	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-30	-12	3.89	5.92	-7.98	-52	-6.55	-1.01	16	-12	13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.28	8.60	9.88	7.73	7.09	8.65	8.38	8.38	8.95	8.96	7.13
Price to Tangible Book Value (P/TBV)	25.59	25.10	26.90	20.76	18.19	22.04	28.24	26.19	27.37	25.67	40.04
Price to Revenue (P/Rev)	10.43	10.46	11.72	9.14	8.21	9.67	8.30	8.28	8.59	8.55	6.24
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	16.11	17.84	22.53	17.32	16.11	20.38	18.07	17.70	19.60	22.03	12.58
Enterprise Value to Revenue (EV/Rev)	9.77	9.79	11.02	8.44	7.52	8.99	7.73	7.73	8.04	7.96	5.83
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	490.23
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	117.87	101.05	84.08	44.32	40.16	52.81	47.80	57.67	47.82	35.05	25.69
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.04	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02
Long-Term Debt to Equity	0.04	0.04	0.04	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02
Financial Leverage	-0.51	-0.52	-0.57	-0.55	-0.56	-0.58	-0.58	-0.57	-0.59	-0.61	-0.52
Leverage Ratio	1.54	1.60	1.56	1.56	1.58	1.63	1.61	1.61	1.62	1.70	1.70
Compound Leverage Factor	1.40	1.45	1.03	0.61	1.31	1.31	1.34	1.22	1.06	1.58	1.15
Debt to Total Capital	3.77%	3.63%	3.48%	3.27%	3.15%	3.11%	2.31%	2.21%	2.16%	2.06%	2.13%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	3.77%	3.63%	3.48%	3.27%	3.15%	3.11%	2.31%	2.21%	2.16%	2.06%	2.13%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.23%	96.37%	96.52%	96.73%	96.85%	96.89%	97.69%	97.79%	97.84%	97.94%	97.87%
Debt to EBITDA	-0.24	-0.32	-0.49	-1.00	-2.08	-0.83	-0.46	-0.39	-0.58	-8.32	1.60
Net Debt to EBITDA	3.21	4.71	7.98	17.45	38.08	15.66	11.14	9.58	14.94	245.68	-34.69
Long-Term Debt to EBITDA	-0.24	-0.32	-0.49	-1.00	-2.08	-0.83	-0.46	-0.39	-0.58	-8.32	1.60
Debt to NOPAT	-0.25	-0.29	-0.37	-0.50	-0.56	-0.43	-0.26	-0.23	-0.26	-0.31	-0.36
Net Debt to NOPAT	3.28	4.20	6.06	8.69	10.20	8.17	6.23	5.73	6.78	9.01	7.78
Long-Term Debt to NOPAT	-0.25	-0.29	-0.37	-0.50	-0.56	-0.43	-0.26	-0.23	-0.26	-0.31	-0.36
Altman Z-Score	8.19	7.88	10.21	8.09	7.36	8.03	7.46	7.57	7.73	6.79	5.43
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.50	1.49	1.61	1.55	1.57	1.51	1.19	1.29	1.33	1.32	1.12
Quick Ratio	1.38	1.38	1.49	1.43	1.43	1.40	1.06	1.15	1.18	1.19	0.96
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-10	33	-3.83	30	-2.53	-33	-44	-42	-15	0.50	-135
Operating Cash Flow to CapEx	300.26%	208.14%	595.92%	485.40%	241.43%	89.40%	288.37%	152.61%	426.68%	489.89%	370.55%
Free Cash Flow to Firm to Interest Expense	-20.98	68.29	-7.99	64.04	-5.19	-72.61	-154.27	-140.99	-55.55	1.71	-504.53
Operating Cash Flow to Interest Expense	68.72	84.88	144.35	124.35	80.48	63.17	231.68	103.45	320.55	390.96	286.40
Operating Cash Flow Less CapEx to Interest Expense	45.83	44.10	120.13	98.74	47.15	-7.49	151.34	35.66	245.42	311.15	209.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.52	0.56	0.58	0.58	0.58	0.62	0.62	0.63	0.61	0.68
Accounts Receivable Turnover	7.07	5.35	8.21	7.47	6.96	5.08	7.94	6.99	6.73	4.95	7.92
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	22.86	25.18	27.30	29.49	30.26	28.85	30.15	31.23	31.24	28.68	29.80
Accounts Payable Turnover	10.08	12.71	10.03	8.74	9.38	8.88	11.62	10.38	9.58	9.29	13.64
Days Sales Outstanding (DSO)	51.65	68.26	44.48	48.86	52.48	71.80	45.98	52.24	54.26	73.73	46.09
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	36.22	28.72	36.40	41.74	38.91	41.12	31.40	35.17	38.08	39.29	26.76
Cash Conversion Cycle (CCC)	15.43	39.54	8.08	7.12	13.57	30.68	14.58	17.07	16.17	34.43	19.33
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	541	521	492	517	518	508	511	538	523	478	635
Invested Capital Turnover	1.61	1.73	2.02	1.97	2.09	2.24	2.38	2.33	2.45	2.68	2.39
Increase / (Decrease) in Invested Capital	-25	-59	-9.41	-41	-23	-13	19	21	4.81	-30	124
Enterprise Value (EV)	8,718	9,298	11,089	8,964	8,348	10,359	9,227	9,527	10,251	10,524	7,990
Market Capitalization	9,301	9,933	11,791	9,703	9,115	11,139	9,898	10,206	10,952	11,309	8,556
Book Value per Share	$7.89	$8.05	$8.21	$8.58	$8.71	$8.67	$7.88	$8.16	$8.15	$8.12	$8.00
Tangible Book Value per Share	$2.55	$2.76	$3.01	$3.19	$3.39	$3.40	$2.34	$2.61	$2.66	$2.83	$1.42
Total Capital	1,168	1,199	1,237	1,298	1,328	1,330	1,210	1,245	1,251	1,289	1,226
Total Debt	44	44	43	42	42	41	28	27	27	27	26
Total Long-Term Debt	44	44	43	42	42	41	28	27	27	27	26
Net Debt	-582	-634	-702	-738	-767	-780	-671	-679	-701	-784	-565
Capital Expenditures (CapEx)	11	20	12	12	16	33	23	20	21	23	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-346	-365	-385	-394	-389	-404	-436	-414	-433	-486	-497
Debt-free Net Working Capital (DFNWC)	280	313	360	342	368	372	131	207	251	282	94
Net Working Capital (NWC)	280	313	360	342	368	372	131	207	251	282	94
Net Nonoperating Expense (NNE)	8.60	3.39	-2.27	-4.03	0.84	16	7.62	-0.10	-1.42	7.64	-1.87
Net Nonoperating Obligations (NNO)	-582	-634	-702	-738	-767	-780	-671	-679	-701	-784	-565
Total Depreciation and Amortization (D&A)	18	20	20	21	24	25	27	27	29	27	29
Debt-free, Cash-free Net Working Capital to Revenue	-38.80%	-38.38%	-38.24%	-37.08%	-35.08%	-35.04%	-36.53%	-33.61%	-33.93%	-36.76%	-36.27%
Debt-free Net Working Capital to Revenue	31.43%	32.98%	35.78%	32.18%	33.14%	32.29%	10.97%	16.77%	19.70%	21.34%	6.87%
Net Working Capital to Revenue	31.43%	32.98%	35.78%	32.18%	33.14%	32.29%	10.97%	16.77%	19.70%	21.34%	6.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.31)	($0.21)	($0.08)	($0.04)	($0.18)	($0.42)	($0.22)	($0.14)	($0.06)	($0.25)	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	142.83M	141.96M	145.48M	146.94M	148.13M	147.44M	150.00M	149.66M	150.28M	150.25M	150.95M
Adjusted Diluted Earnings per Share	($0.31)	($0.21)	($0.08)	($0.04)	($0.18)	($0.42)	($0.22)	($0.14)	($0.06)	($0.25)	($0.06)
Adjusted Weighted Average Diluted Shares Outstanding	142.83M	141.96M	145.48M	146.94M	148.13M	147.44M	150.00M	149.66M	150.28M	150.25M	150.95M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	143.49M	144.92M	146.32M	147.69M	148.66M	149.92M	149.17M	150.19M	155.47M	150.10M	150.89M
Normalized Net Operating Profit after Tax (NOPAT)	-35	-26	-13	-10	-26	-46	-25	-21	-11	-30	-11
Normalized NOPAT Margin	-14.22%	-10.05%	-4.91%	-3.64%	-8.63%	-15.35%	-8.17%	-6.54%	-3.10%	-8.58%	-3.05%
Pre Tax Income Margin	-17.61%	-11.08%	-3.97%	-2.05%	-9.04%	-20.17%	-8.92%	-6.64%	-2.54%	-10.36%	-3.06%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-97.72	-66.40	-33.74	-31.62	-66.01	-165.78	-117.22	-94.78	-47.72	-132.47	-60.55
NOPAT to Interest Expense	-71.93	-54.45	-27.63	-21.91	-52.35	-100.81	-89.02	-71.10	-38.12	-101.91	-40.93
EBIT Less CapEx to Interest Expense	-120.61	-107.19	-57.96	-57.24	-99.35	-236.43	-197.56	-162.57	-122.85	-212.28	-137.84
NOPAT Less CapEx to Interest Expense	-94.82	-95.23	-51.85	-47.53	-85.69	-171.46	-169.36	-138.89	-113.25	-181.71	-118.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-1.39%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-1.39%	-78.16%	-72.26%	-102.67%	-127.84%	-167.57%

Financials Breakdown Chart

Key Financial Trends

Here are the key trend points for Procore Technologies (PCOR) based on the latest four years of quarterly statements provided.

Top-line growth: Operating revenue rose from about $269.4 million in Q1 2024 to $349.1 million in Q4 2025, marking a clear multi-quarter uptrend (Q4 2025 vs Q1 2024: roughly +29%).
Gross margin remains strong and relatively stable around 79–81% in 2024–2025 (Q4 2025 gross profit of $279.7 million on $349.1 million revenue, ≈80%).
Operating cash flow is consistently positive in 2025: Net cash from continuing operating activities was $114.9 million in Q4 2025, $88.5 million in Q3 2025, $30.8 million in Q2 2025, and $66.0 million in Q1 2025.
Free cash flow potential remains solid in Q4 2025: after capital expenditures of about $23.5 million and net investing inflows of about $24.6 million, estimated free cash flow runs around $116 million for the quarter.
Liquidity and balance sheet position look solid: cash & equivalents around $350.5 million at end-Q3 2025, with total equity approximately $1.22 billion and total assets near $2.06 billion, supporting ongoing investment needs.

Deferred revenue remains high and growing (Current Deferred Revenue ≈ $572.1 million in Q4 2025 vs ≈ $560.6 million in Q3 2025), suggesting a solid pipeline of future revenue recognition.
R&D and marketing spend remain elevated relative to revenue (Q4 2025: R&D ≈ $97.8 million, Marketing ≈ $155.8 million, SG&A ≈ $68.9 million), reflecting ongoing platform development and go-to-market investments.

Net income was a quarterly loss in Q4 2025: Net income / loss continuing operations and overall net loss of about $37.6 million, with earnings per share ≈ -$0.25.
Operating margin is negative in the latest quarter: Total operating income of about -$42.8 million on revenue of $349.1 million in Q4 2025 (operating margin around -12%).
Persistently negative profitability signals: 2025 quarters show net losses (Q1 -$32.99m, Q2 -$21.11m, Q3 -$9.10m, Q4 -$37.60m), indicating ongoing profitability challenges even as cash flow remains positive.

05/21/26 09:11 PM ETAI Generated. May Contain Errors.

Procore Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Procore Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Below is a breakdown of Procore Technologies' net income over the past 5 years:

2021: -$265.17 million
2022: -$286.93 million
2023: -$189.69 million
2024: -$105.96 million
2025: -$100.78 million

Check out Procore Technologies' forecast to explore projected trends and price targets.

Procore Technologies' total operating income in 2025 was -$124.34 million, based on the following breakdown:

Total Gross Profit: $1.05 billion
Total Operating Expenses: $1.18 billion

Over the last 6 years, Procore Technologies' total revenue changed from $289.19 million in 2019 to $1.32 billion in 2025, a change of 357.3%.

Procore Technologies' total liabilities were at $976.80 million at the end of 2025, a 20.1% increase from 2024, and a 167.3% increase since 2020.

In the past 5 years, Procore Technologies' cash and equivalents has ranged from $296.71 million in 2022 to $586.11 million in 2021, and is currently $480.68 million as of their latest financial filing in 2025.

Over the last 6 years, Procore Technologies' book value per share changed from 0.00 in 2019 to 8.12 in 2025, a change of 811.9%.

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Financial statements for NYSE:PCOR last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Procore Technologies (PCOR) Financials

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Procore Technologies (PCOR) Financials

Annual Income Statements for Procore Technologies

Quarterly Income Statements for Procore Technologies

Annual Cash Flow Statements for Procore Technologies

Quarterly Cash Flow Statements for Procore Technologies

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Quarterly Balance Sheets for Procore Technologies

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Quarterly Metrics And Ratios for Procore Technologies

Financials Breakdown Chart

Key Financial Trends

Procore Technologies Financials - Frequently Asked Questions

When does Procore Technologies' financial year end?

How has Procore Technologies' net income changed over the last 6 years?

What is Procore Technologies' operating income?

How has Procore Technologies' revenue changed over the last 6 years?

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How has Procore Technologies' book value per share changed over the last 6 years?

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