Procore Technologies Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,323	1,152	950.01	720.2	514.82
Revenue Growth (YoY)	14.83%	21.23%	31.91%	39.89%	28.61%
Cost of Revenue	270.03	204.68	173.92	148.11	97.85
Gross Profit	1,052	947.03	776.09	572.1	416.97
Selling, General & Admin	805.11	759.85	683.46	584.25	453.76
Research & Development	355.25	307.67	290.98	262.96	232.78
Other Operating Expenses	9.89	9.46	8.43	5.94	6.52
Operating Expenses	1,170	1,077	982.88	853.15	693.06
Operating Income	-117.77	-129.95	-206.79	-281.05	-276.09
Interest Expense	-1.15	-1.9	-1.96	-2.14	-2.33
Interest & Investment Income	20.94	23.69	19.78	5.83	0.18
Other Non Operating Income (Expenses)	2.69	-2.38	-0.36	-1.71	-0.84
EBT Excluding Unusual Items	-95.29	-110.54	-189.32	-279.07	-279.09
Merger & Restructuring Charges	-6.58	-6.47	-8.89	-9.4	-9.28
Gain (Loss) on Sale of Investments	7.88	12.83	9.79	2.01	-
Asset Writedown	-	-	-	-	-0.55
Pretax Income	-93.98	-104.18	-188.42	-286.47	-288.92
Income Tax Expense	6.8	1.78	1.27	0.47	-23.76
Earnings From Continuing Operations	-100.78	-105.96	-189.69	-286.93	-265.17
Net Income	-100.78	-105.96	-189.69	-286.93	-265.17
Net Income to Common	-100.78	-105.96	-189.69	-286.93	-265.17
Shares Outstanding (Basic)	150	147	142	137	93
Shares Outstanding (Diluted)	150	147	142	137	93
Shares Change (YoY)	1.90%	3.86%	3.98%	47.32%	232.22%
EPS (Basic)	-0.67	-0.72	-1.34	-2.10	-2.86
EPS (Diluted)	-0.67	-0.72	-1.34	-2.10	-2.86
Free Cash Flow	277.24	173.24	73.87	-3.17	24.35
Free Cash Flow Per Share	1.84	1.18	0.52	-0.02	0.26
Gross Margin	79.58%	82.23%	81.69%	79.44%	80.99%
Operating Margin	-8.91%	-11.28%	-21.77%	-39.02%	-53.63%
Profit Margin	-7.62%	-9.20%	-19.97%	-39.84%	-51.51%
Free Cash Flow Margin	20.96%	15.04%	7.78%	-0.44%	4.73%
EBITDA	-7.19	-40.2	-135.16	-218.01	-259.24
EBITDA Margin	-0.54%	-3.49%	-14.23%	-30.27%	-50.36%
D&A For EBITDA	110.58	89.75	71.63	63.04	16.85
EBIT	-117.77	-129.95	-206.79	-281.05	-276.09
EBIT Margin	-8.91%	-11.28%	-21.77%	-39.02%	-53.63%
Advertising Expenses	-	61.8	43.1	37.2	27.2

Source: S&P Global Market Intelligence. Standard template. Financial Sources.