Procore Technologies, Inc. (PCOR) Income Statement
PCOR 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPCOR revenue and net income
Where PCOR's revenue goes
2025Each bar shows an amount and its share of revenue. PCOR kept −7.6% of revenue as net income.
PCOR profit margins
PCOR growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +14.8% | +22.5% | +27.0% | — |
| Gross profit | +9.6% | +22.0% | +25.8% | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +3.2% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PCOR quarterly EPS vs estimates
Procore Technologies beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.15).
PCOR income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.32B | $1.15B | $950.0M | $720.2M | $514.8M | $400.3M | $289.2M | $186.4M | $112.3M |
| Cost of revenue | $285.2M | $205.6M | $174.5M | $148.4M | $98.3M | $71.7M | $53.2M | $37.4M | $25.4M |
| Gross profit | $1.04B | $946.1M | $775.5M | $571.8M | $416.5M | $328.6M | $236.0M | $149.0M | $86.9M |
| Research & development | $356.6M | $313.0M | $300.6M | $271.0M | $237.3M | $124.7M | $87.0M | $56.0M | $39.8M |
| Sales, general & admin | $813.6M | $769.5M | $690.7M | $591.3M | $465.1M | $262.5M | $231.6M | $148.1M | $102.3M |
| Total operating expenses | $1.16B | $1.08B | $991.2M | $862.2M | $702.4M | $387.2M | $318.7M | $204.0M | $142.0M |
| Operating income | −$117.8M | −$136.4M | −$215.7M | −$290.5M | −$285.9M | −$58.5M | −$82.6M | −$55.0M | −$55.1M |
| Interest income | $20.9M | $23.7M | $19.8M | $7.9M | $175,000 | $293,000 | — | — | — |
| Interest expense | $1.2M | $1.9M | $2.0M | $2.1M | $2.3M | $2.4M | $930,000 | $1.4M | $157,000 |
| Income before taxes | −$94.0M | −$104.2M | −$188.4M | −$286.5M | −$288.9M | −$97.2M | −$83.0M | −$56.4M | −$55.3M |
| Income taxes | $6.8M | $1.8M | $1.3M | $466,000 | −$23.8M | −$993,000 | $71,000 | $250,000 | $238,000 |
| Net income | −$100.8M | −$106.0M | −$189.7M | −$286.9M | −$265.2M | −$96.2M | −$83.1M | −$56.7M | −$55.5M |
| EBITDA | $17.7M | −$12.5M | −$114.8M | −$221.3M | −$250.2M | −$68.8M | −$67.2M | −$46.8M | −$49.7M |
| EPS (diluted) | $0.97 | $0.94 | $0.29 | −$0.51 | −$0.40 | −$0.44 | −$0.72 | −$2.83 | — |
| Gross margin | 78.4% | 82.1% | 81.6% | 79.4% | 80.9% | 82.1% | 81.6% | 79.9% | 77.4% |
| Operating margin | −8.9% | −11.8% | −22.7% | −40.3% | −55.5% | −14.6% | −28.6% | −29.5% | −49.1% |
| Net margin | −7.6% | −9.2% | −20.0% | −39.8% | −51.5% | −24.0% | −28.7% | −30.4% | −49.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $375.2M | $359.3M | $349.1M | $338.9M | $323.9M | $310.6M | $302.0M | $295.9M | $284.3M | $269.4M | $260.0M | $247.9M |
| Cost of revenue | $75.4M | $71.5M | $71.8M | $68.8M | $67.7M | $64.9M | $56.8M | $55.0M | $48.1M | $45.7M | $47.8M | $44.1M |
| Gross profit | $299.8M | $287.8M | $277.3M | $270.1M | $256.2M | $245.7M | $245.2M | $240.9M | $236.2M | $223.7M | $212.2M | $203.8M |
| Research & development | $93.3M | $80.3M | $96.5M | $88.0M | $88.9M | $87.6M | $89.3M | $80.8M | $72.3M | $70.6M | $74.6M | $72.7M |
| Sales, general & admin | $202.1M | $217.9M | $224.7M | $197.1M | $197.6M | $194.3M | $222.2M | $196.6M | $178.7M | $172.0M | $174.9M | $181.4M |
| Total operating expenses | $295.5M | $292.5M | $317.7M | $285.1M | $286.5M | $282.0M | $311.5M | $277.4M | $251.0M | $242.6M | $249.5M | $254.1M |
| Operating income | $4.3M | −$5.4M | −$40.4M | −$15.0M | −$30.3M | −$36.2M | −$66.2M | −$36.5M | −$14.8M | −$18.9M | −$37.3M | −$50.4M |
| Interest income | $4.4M | $4.5M | $5.1M | $4.8M | $5.0M | $6.0M | $6.0M | $6.0M | $5.8M | $5.9M | $5.2M | $4.7M |
| Interest expense | $179,000 | $268,000 | $294,000 | $1.4M | $298,000 | $285,000 | $460,000 | $488,000 | $472,000 | $479,000 | $480,000 | $490,000 |
| Income before taxes | $15.2M | −$11.0M | −$36.2M | −$8.6M | −$21.5M | −$27.7M | −$60.9M | −$26.7M | −$5.8M | −$10.7M | −$28.8M | −$43.7M |
| Income taxes | −$1.8M | −$1.9M | $1.4M | $479,000 | −$411,000 | $5.3M | $1.4M | −$353,000 | $490,000 | $263,000 | $700,000 | $193,000 |
| Net income | $16.9M | −$9.1M | −$37.6M | −$9.1M | −$21.1M | −$33.0M | −$62.3M | −$26.4M | −$6.3M | −$11.0M | −$29.5M | −$43.8M |
| EBITDA | $28.5M | $18.5M | −$8.6M | $22.0M | $6.0M | −$555,000 | −$35.8M | −$2.0M | $15.5M | $9.8M | −$8.6M | −$25.4M |
| EPS (diluted) | $0.18 | $0.34 | $0.37 | $0.02 | $0.35 | $0.23 | $0.01 | $0.24 | $0.39 | $0.30 | $0.17 | $0.09 |
| Gross margin | 79.9% | 80.1% | 79.4% | 79.7% | 79.1% | 79.1% | 81.2% | 81.4% | 83.1% | 83.0% | 81.6% | 82.2% |
| Operating margin | 1.2% | −1.5% | −11.6% | −4.4% | −9.3% | −11.7% | −21.9% | −12.3% | −5.2% | −7.0% | −14.4% | −20.3% |
| Net margin | 4.5% | −2.5% | −10.8% | −2.7% | −6.5% | −10.6% | −20.6% | −8.9% | −2.2% | −4.1% | −11.4% | −17.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PCOR's financial statements (latest annual report filed February 24, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PCOR financial results
In fiscal year 2025 (ended December 31, 2025), Procore Technologies reported revenue of $1.3 billion, up 14.8% from the year before. It had a net loss of $100.8 million, a net profit margin of −7.6%. Diluted earnings per share came to $0.97. Over five years revenue grew at an average rate of 27.0% a year.
See the PCOR stock overview for the latest quote and news, or the PCOR chart for price history and technical indicators.
PCOR income statement FAQ
What is Procore Technologies's annual revenue?
Procore Technologies reported total revenue of $1.3 billion for fiscal year 2025, which ended on December 31, 2025. That was up 14.8% from $1.2 billion the previous year.
Is Procore Technologies profitable?
No. Procore Technologies reported a net loss of $100.8 million in fiscal 2025, a net profit margin of −7.6%; its operating margin was −8.9%.
What is Procore Technologies's gross margin?
Procore Technologies's gross margin was 78.4% in fiscal 2025: for every $100 of revenue, Procore Technologies kept $78 after the direct cost of its products and services.
How much does Procore Technologies spend on research and development?
Procore Technologies spent $356.6 million on research and development in fiscal 2025, 27.0% of revenue.
How fast is Procore Technologies growing?
Revenue grew 27.0% a year on average over the last five fiscal years, from $400.3 million to $1.3 billion.
What are Procore Technologies's earnings per share?
Procore Technologies earned $0.97 per diluted share in fiscal 2025, compared with $0.94 a year earlier.
When will Procore Technologies report its next earnings?
Procore Technologies is expected to report results for the quarter ending September 30, 2026 on November 3, 2026 after the market closes.
When does Procore Technologies's fiscal year end?
Procore Technologies's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 24, 2026.