Procore Technologies, Inc.
Income Statement
| Line Item | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $284.3M | $269.4M | $260.0M | $247.9M | $228.5M | $213.5M | $202.1M | $186.4M |
| Cost of Revenue | $48.1M | $45.7M | $47.8M | $44.1M | $42.3M | $40.2M | $40.6M | $37.8M |
| Gross Profit | $236.2M | $223.7M | $212.2M | $203.8M | $186.2M | $173.3M | $161.5M | $148.7M |
| Gross Margin | 83.1% | 83.0% | 81.6% | 82.2% | 81.5% | 81.2% | 79.9% | 79.7% |
| Operating Expenses | ||||||||
| Research & Development | $72.3M | $70.6M | $74.6M | $72.7M | $73.2M | $80.0M | $75.4M | $71.5M |
| SG&A Expense | $50.8M | $51.0M | $52.4M | $51.8M | $46.4M | $45.2M | $43.1M | $39.4M |
| Operating Income | $-14.8M | $-18.9M | $-37.3M | $-50.4M | $-58.7M | $-69.3M | $-75.2M | $-71.8M |
| Operating Margin | -5.2% | -7.0% | -14.4% | -20.3% | -25.7% | -32.4% | -37.2% | -38.5% |
| Interest Expense | — | $479.0K | $480.0K | $490.0K | $491.0K | $496.0K | $499.0K | $504.0K |
| Pretax Income | $-5.8M | $-10.7M | $-28.8M | $-43.7M | $-52.6M | $-63.4M | $-71.4M | $-70.9M |
| Income Tax Expense | $490.0K | $263.0K | $700.0K | $193.0K | $322.0K | $58.0K | $-243.0K | $333.0K |
| Net Income | $-6.3M | $-11.0M | $-29.5M | $-43.8M | $-52.9M | $-63.4M | $-71.2M | $-71.2M |
| Net Margin | -2.2% | -4.1% | -11.4% | -17.7% | -23.1% | -29.7% | -35.2% | -38.2% |
| EPS (Basic) | $-0.04 | $-0.08 | $-0.21 | $-0.31 | $-0.37 | $-0.45 | $-0.51 | $-0.52 |
| EPS (Diluted) | $-0.04 | $-0.08 | $-0.21 | $-0.31 | $-0.37 | $-0.45 | $-0.51 | $-0.52 |
| Shares Outstanding (Basic) | 146.9M | 145.5M | 142.0M | 142.8M | 141.2M | 139.6M | 136.5M | 137.2M |
| Shares Outstanding (Diluted) | 146.9M | 145.5M | 142.0M | 142.8M | 141.2M | 139.6M | 136.5M | 137.2M |
| Dividends Per Share | — | — | — | — | — | — | — | — |