Financial Snapshot

Revenue
$1.110B
TTM
Gross Margin
82.29%
TTM
Net Earnings
-$73.18M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
156.66%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$1.286B
Q3 2024
Cash
Q3 2024
P/E
-174.1
Nov 29, 2024 EST
Free Cash Flow
$161.9M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $950.0M $720.2M $514.8M $400.3M $289.2M $186.4M $112.3M
YoY Change 31.91% 39.89% 28.61% 38.42% 55.15% 65.98%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019 2018 2017
Revenue $950.0M $720.2M $514.8M $400.3M $289.2M $186.4M $112.3M
Cost Of Revenue $174.5M $148.4M $98.31M $71.66M $53.17M $37.40M $25.40M
Gross Profit $775.5M $571.8M $416.5M $328.6M $236.0M $149.0M $86.90M
Gross Profit Margin 81.64% 79.39% 80.9% 82.1% 81.62% 79.94% 77.38%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $690.7M $591.3M $465.1M $262.5M $231.6M $148.1M $102.3M
YoY Change 16.81% 27.11% 77.2% 13.33% 56.4% 44.77%
% of Gross Profit 89.05% 103.41% 111.68% 79.88% 98.14% 99.4% 117.72%
Research & Development $300.6M $271.0M $237.3M $124.7M $87.02M $56.00M $39.80M
YoY Change 10.92% 14.2% 90.35% 43.25% 55.4% 40.7%
% of Gross Profit 38.76% 47.39% 56.97% 37.93% 36.87% 37.58% 45.8%
Depreciation & Amortization $71.63M $63.04M $7.800M $25.99M $14.88M $8.250M $5.480M
YoY Change 13.63% 708.19% -69.99% 74.68% 80.38% 50.55%
% of Gross Profit 9.24% 11.02% 1.87% 7.91% 6.3% 5.54% 6.31%
Operating Expenses $991.2M $862.2M $702.4M $387.2M $318.7M $204.0M $142.0M
YoY Change 14.96% 22.75% 81.43% 21.5% 56.2% 43.66%
Operating Profit -$215.7M -$290.5M -$285.9M -$58.53M -$82.62M -$55.00M -$55.10M
YoY Change -25.74% 1.58% 388.51% -29.16% 50.23% -0.18%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019 2018 2017
Interest Expense $1.957M $2.135M -$2.153M -$2.100M -$900.0K -$1.400M -$200.0K
YoY Change -8.34% -199.16% 2.52% 133.33% -35.71% 600.0%
% of Operating Profit
Other Income/Expense, Net -$360.0K -$1.737M -$843.0K -$36.60M $500.0K $0.00 $0.00
YoY Change -79.27% 106.05% -97.7% -7420.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019 2018 2017
Pretax Income -$188.4M -$286.5M -$288.9M -$97.16M -$83.04M -$56.40M -$55.30M
YoY Change -34.23% -0.85% 197.37% 17.01% 47.23% 1.99%
Income Tax $1.273M $466.0K -$23.76M -$993.0K $71.00K $300.0K $200.0K
% Of Pretax Income
Net Earnings -$189.7M -$286.9M -$265.2M -$96.17M -$83.11M -$56.70M -$55.50M
YoY Change -33.89% 8.21% 175.73% 15.71% 46.57% 2.16%
Net Earnings / Revenue -19.97% -39.84% -51.51% -24.02% -28.74% -30.42% -49.42%
Basic Earnings Per Share -$1.34 -$2.10 -$2.86 -$3.45
Diluted Earnings Per Share -$1.34 -$2.10 -$2.861M -$751.0K -$648.7K -$442.6K -$433.3K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $678.0M $582.2M $586.1M $379.9M $118.5M $94.90M
YoY Change 16.45% -0.67% 54.28% 220.59% 24.87%
Cash & Equivalents $357.8M $296.7M $586.1M $379.9M $118.5M $94.90M
Short-Term Investments $320.2M $285.5M
Other Short-Term Assets $42.42M $44.73M $35.17M $16.80M $12.30M $10.30M
YoY Change -5.16% 27.17% 109.36% 36.59% 19.42%
Inventory
Prepaid Expenses
Receivables $235.4M $172.3M $131.0M $91.30M $70.40M $45.60M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $955.7M $799.2M $752.3M $488.0M $201.1M $150.7M
YoY Change 19.58% 6.24% 54.16% 142.67% 33.44%
Property, Plant & Equipment $114.8M $118.2M $120.5M $122.1M $110.3M $91.70M
YoY Change -2.86% -1.96% -1.3% 10.7% 20.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $18.55M $21.90M $22.01M $13.50M $8.100M $4.700M
YoY Change -15.3% -0.47% 63.01% 66.67% 72.34%
Total Long-Term Assets $937.8M $941.2M $938.4M $332.8M $302.6M $124.3M
YoY Change -0.36% 0.3% 181.96% 9.98% 143.44%
Total Assets $1.894B $1.740B $1.691B $820.8M $503.7M $275.0M
YoY Change
Accounts Payable $13.18M $14.28M $15.49M $9.000M $9.400M $7.800M
YoY Change -7.74% -7.8% 72.11% -4.26% 20.51%
Accrued Expenses $100.1M $99.18M $72.07M $33.50M $37.20M $23.00M
YoY Change 0.9% 37.63% 115.12% -9.95% 61.74%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.019M $1.854M $1.684M $1.500M $1.300M $1.100M
YoY Change 8.9% 10.1% 12.27% 15.38% 18.18%
Total Short-Term Liabilities $642.4M $531.6M $403.7M $261.7M $224.8M $145.8M
YoY Change 20.84% 31.69% 54.26% 16.41% 54.18%
Long-Term Debt $43.58M $45.58M $47.34M $48.80M $50.30M $51.50M
YoY Change -4.38% -3.73% -2.98% -2.98% -2.33%
Other Long-Term Liabilities $51.95M $46.41M $50.32M $54.90M $39.40M $23.20M
YoY Change 11.92% -7.76% -8.34% 39.34% 69.83%
Total Long-Term Liabilities $95.53M $91.99M $97.66M $103.7M $89.70M $74.70M
YoY Change 3.84% -5.81% -5.82% 15.61% 20.08%
Total Liabilities $738.0M $623.6M $501.4M $365.4M $314.5M $220.5M
YoY Change 18.33% 24.39% 37.21% 16.18% 42.63%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 142.0M shares 136.5M 92.67M 27.90M
Diluted Shares Outstanding 142.0M shares 136.5M 92.67M 27.90M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $12.743 Billion

About PROCORE TECHNOLOGIES, INC.

Procore Technologies, Inc. engages in the development of cloud-based construction management software. The company is headquartered in Carpinteria, California and currently employs 3,694 full-time employees. The company went IPO on 2021-05-20. The firm is focused on connecting and empowering the construction industry’s stakeholders, such as owners, general contractors, specialty contractors, architects, and engineers, to collaborate and access its capabilities from any location on any Internet-connected device. Its five integrated product categories, such as Preconstruction, Project Execution, Workforce Management, Financial Management, and Construction Intelligence automate workflows, provide real-time visibility, offer advanced analytics, and support collaboration across key stages of the construction project lifecycle. Each of its products can be accessed from the office or the jobsite on computers, smartphones, and tablets, enabling users to work wherever the job requires. Its open application programming interfaces and its application marketplace allow customers to integrate its products with their internal systems.

Industry: Services-Prepackaged Software Peers: AppLovin Corp AVALARA, INC. Dayforce, Inc. Confluent, Inc. DROPBOX, INC. Informatica Inc. MANHATTAN ASSOCIATES INC Salesforce, Inc. Samsara Inc.