Procore Technologies Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $1.32B | $1.15B | $950.0M | $720.2M | $514.8M | $400.3M | $289.2M |
| Cost of Revenue | — | $270.8M | $205.6M | $174.5M | $148.4M | $98.3M | $71.7M | $53.2M |
| Gross Profit | — | $1.05B | $946.1M | $775.5M | $571.8M | $416.5M | $328.6M | $236.0M |
| Gross Margin | — | 79.5% | 82.1% | 81.6% | 79.4% | 80.9% | 82.1% | 81.6% |
| Operating Expenses | ||||||||
| Research & Development | — | $362.4M | $313.0M | $300.6M | $271.0M | $237.3M | $124.7M | $87.0M |
| SG&A Expense | — | $233.0M | $217.5M | $195.7M | $166.3M | $156.6M | $73.5M | $58.2M |
| Operating Income | — | $-124.3M | $-136.4M | $-215.7M | $-290.5M | $-285.9M | $-58.5M | $-82.6M |
| Operating Margin | — | -9.4% | -11.8% | -22.7% | -40.3% | -55.5% | -14.6% | -28.6% |
| Interest Expense | — | — | — | $2.0M | $2.1M | $2.3M | $2.4M | $930.0K |
| Pretax Income | — | $-94.0M | $-104.2M | $-188.4M | $-286.5M | $-288.9M | $-97.2M | $-83.0M |
| Income Tax Expense | — | $6.8M | $1.8M | $1.3M | $466.0K | $-23.8M | $-993.0K | $71.0K |
| Net Income | — | $-100.8M | $-106.0M | $-189.7M | $-286.9M | $-265.2M | $-96.2M | $-83.1M |
| Net Margin | — | -7.6% | -9.2% | -20.0% | -39.8% | -51.5% | -24.0% | -28.7% |
| EPS (Basic) | — | $-0.67 | $-0.72 | $-1.34 | $-2.10 | $-2.86 | $-1.15 | $-1.14 |
| EPS (Diluted) | — | $-0.67 | $-0.72 | $-1.34 | $-2.10 | $-2.86 | $-1.19 | $-1.14 |
| Shares Outstanding (Basic) | 150.1M | 150.2M | 147.4M | 142.0M | 136.5M | 92.7M | 83.7M | — |
| Shares Outstanding (Diluted) | 150.1M | 150.2M | 147.4M | 142.0M | 136.5M | 92.7M | 83.7M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |