Procore Technologies, Inc. income statement
In fiscal 2025, Procore Technologies, Inc. reported revenue of $1.32bn, up 14.8% on the year before, operating income of −$124m (a -9.4% margin) and net income of −$101m, or −$0.67 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 289 | 400 | 515 | 720 | 950 | 1,152 | 1,323 | 1,422 |
| Cost of revenue | 53 | 72 | 98 | 148 | 174 | 206 | 271 | 285 |
| Gross profit | 236 | 329 | 417 | 572 | 776 | 946 | 1,052 | 1,137 |
| Research and development | 87 | 125 | 237 | 271 | 301 | 313 | 362 | 365 |
| Selling and marketing | 173 | 189 | 309 | 425 | 495 | 552 | 581 | 595 |
| General and administrative | 58 | 73 | 157 | 166 | 196 | 218 | 233 | 247 |
| Operating income | −83 | −59 | −286 | −290 | −216 | −136 | −124 | −69 |
| Interest expense | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 |
| Provision for credit losses | — | 0 | 0 | 2 | 8 | 0 | — | — |
| Income before tax | −83 | −97 | −289 | −286 | −188 | −104 | −94 | −41 |
| Income tax | 0 | −1 | −24 | 0 | 1 | 2 | 7 | −2 |
| Net income | −83 | −96 | −265 | −287 | −190 | −106 | −101 | −39 |
| Diluted EPS | −$3.41 | −$3.56 | −$2.86 | −$2.10 | −$1.34 | −$0.72 | −$0.67 | −$0.26 |
| Diluted shares (average) | 24m | 28m | 93m | 137m | 142m | 147m | 150m | 151m |
| EBITDA | −68 | −33 | −250 | −227 | −144 | −47 | −14 | 47 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 296 | 302 | 311 | 324 | 339 | 349 | 359 | 375 |
| Cost of revenue | 55 | 57 | 65 | 68 | 69 | 69 | 71 | 75 |
| Gross profit | 241 | 245 | 246 | 256 | 270 | 280 | 288 | 300 |
| Research and development | 81 | 89 | 88 | 89 | 88 | 98 | 86 | 93 |
| Selling and marketing | 141 | 162 | 139 | 142 | 144 | 156 | 149 | 146 |
| General and administrative | 55 | 60 | 56 | 56 | 53 | 69 | 69 | 56 |
| Operating income | −36 | −66 | −36 | −30 | −15 | −43 | −16 | 4 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Provision for credit losses | 0 | 0 | — | — | — | — | — | — |
| Income before tax | −27 | −61 | −28 | −22 | −9 | −36 | −11 | 15 |
| Income tax | −0 | 1 | 5 | −0 | 0 | 1 | −2 | −2 |
| Net income | −26 | −62 | −33 | −21 | −9 | −38 | −9 | 17 |
| Diluted EPS | −$0.18 | −$0.42 | −$0.22 | −$0.14 | −$0.06 | −$0.25 | −$0.06 | $0.11 |
| EBITDA | −12 | −42 | −9 | −3 | 14 | −16 | 13 | 35 |
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