The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Provision for credit losses | - | - | - | 2,584 |
| Net loss | -100,783 | -105,956 | -189,694 | -286,931 |
| Stock-based compensation | 238,425 | 186,880 | 174,835 | 162,886 |
| Depreciation and amortization | 110,576 | 89,753 | 71,633 | 63,039 |
| Accretion of discounts on marketable debt securities, net | 7,882 | 12,830 | 9,790 | 2,009 |
| Abandonment of long-lived assets | -3,540 | -1,428 | -1,488 | -1,344 |
| Noncash operating lease expense | -5,839 | -11,102 | -13,092 | -10,170 |
| Unrealized foreign currency (gain) loss, net | 1,862 | -2,304 | 524 | 351 |
| Deferred income taxes | -6,820 | -881 | -769 | -283 |
| (benefit from) provision for credit losses | -514 | 591 | 8,052 | - |
| (increase) decrease in fair value of strategic investments | 124 | 454 | -287 | -483 |
| Accounts receivable | 39,817 | 39,501 | 57,492 | 35,817 |
| Deferred contract cost assets | 51,965 | 8,993 | 9,306 | 21,974 |
| Prepaid expenses and other assets | 5,698 | 3,318 | 6,368 | 3,754 |
| Accounts payable | -8,173 | 19,729 | -938 | 459 |
| Accrued expenses and other liabilities | 64,380 | -15,501 | 4,759 | 34,623 |
| Deferred revenue | 100,099 | 79,091 | 106,590 | 97,029 |
| Operating lease liabilities | 1,049 | -7,272 | -13,840 | -8,890 |
| Net cash provided by operating activities | 300,270 | 196,172 | 92,015 | 12,608 |
| Purchases of property and equipment | 18,100 | 19,143 | 10,325 | 15,782 |
| Capitalized software development costs | 65,663 | 49,529 | 34,685 | 33,648 |
| Purchases of strategic investments | 2,151 | 2,367 | 764 | 3,959 |
| Purchases of marketable securities | 351,465 | 491,475 | 402,424 | 369,206 |
| Maturities of marketable securities | 409,230 | 440,537 | 372,240 | 85,632 |
| Settlement of post-close working capital adjustments from business combinations | - | 0 | 0 | 1,291 |
| Sales of marketable securities | 2,698 | 0 | 5,452 | - |
| Originations of materials financing | 0 | 0 | 23,972 | 23,489 |
| Customer repayments of materials financing | 0 | 1,605 | 26,242 | 18,685 |
| Acquisition of businesses, net of cash acquired | 41,515 | 25,945 | 0 | - |
| Asset acquisitions, net of cash acquired | 3,533 | 3,792 | 7,825 | - |
| Net cash used in investing activities | -70,499 | -150,109 | -76,061 | -340,476 |
| Proceeds from stock option exercises | 11,809 | 15,737 | 17,618 | 22,364 |
| Proceeds from employee stock purchase plan | 26,332 | 24,069 | 25,400 | 22,133 |
| Proceeds from initial public offering | - | - | 0 | - |
| Repurchases of common stock | 128,838 | - | - | - |
| Payments of deferred offering costs | - | 0 | 0 | 270 |
| Payment of tax withholding for net share settlement | 94,120 | - | - | - |
| Payment of deferred business combination consideration | 0 | 1,470 | 0 | 3,870 |
| Payment of deferred asset acquisition consideration | 1,400 | 81 | - | - |
| Principal payments under finance lease agreements, net of proceeds from lease incentives | 1,636 | 2,019 | 1,853 | 1,705 |
| Net increase in funds held for customers | 8,951 | - | - | - |
| Net cash (used in) provided by financing activities | -178,902 | 36,236 | 41,165 | 38,652 |
| Net increase in cash, cash equivalents and restricted cash | 50,869 | 82,299 | 57,119 | - |
| Effect of exchange rate changes on cash | 1,655 | - | - | - |
| Cash, cash equivalents and restricted cash, beginning of period | 437,722 | - | - | - |
| Net (decrease) increase in cash, cash equivalents and restricted cash | - | - | - | -289,216 |
| Cash, cash equivalents and restricted cash, end of period | 490,246 | - | - | - |
PROCORE TECHNOLOGIES, INC. (PCOR)
PROCORE TECHNOLOGIES, INC. (PCOR)