$PCOR
PROCORE TECHNOLOGIES, INC. Stock $pcor

$pcor Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000162828024034402 Filed on August 02, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$295.9M	$284.3M
YoY Change	19.35%	24.42%
Cost Of Revenue	$54.95M	$48.10M
YoY Change	24.54%	13.7%
Gross Profit	$240.9M	$236.2M
YoY Change	18.23%	26.86%
Gross Profit Margin	81.43%	83.08%
Selling, General & Admin	$196.6M	$178.7M
YoY Change	8.38%	6.32%
% of Gross Profit	81.62%	75.65%
Research & Development	$80.79M	$72.31M
YoY Change	11.12%	-0.04%
% of Gross Profit	33.53%	30.61%
Depreciation & Amortization	$24.23M	$20.84M
YoY Change	36.68%	20.23%
% of Gross Profit	10.06%	8.82%
Operating Expenses	$277.4M	$251.0M
YoY Change	9.17%	2.79%
Operating Profit	-$36.50M	-$14.78M
YoY Change	-27.51%	-74.51%
Interest Expense	$5.474M	$5.408M
YoY Change	1017.14%	21.47%
% of Operating Profit
Other Income/Expense, Net	$466.0K	-$148.0K
YoY Change	-195.88%	-108.61%
Pretax Income	-$26.74M	-$5.821M
YoY Change	-38.74%	-88.92%
Income Tax	-$353.0K	$500.0K
% Of Pretax Income
Net Earnings	-$26.39M	-$6.311M
YoY Change	-39.82%	-88.07%
Net Earnings / Revenue	-8.92%	-2.22%
Basic Earnings Per Share	-$0.18	-$0.04
Diluted Earnings Per Share	-$0.18	-$0.04
COMMON SHARES
Basic Shares Outstanding	147.7M shares	146.3M shares
Diluted Shares Outstanding	148.1M shares	146.9M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$756.9M	$735.4M
YoY Change	20.82%	21.96%
Cash & Equivalents	$439.3M	$356.2M
Short-Term Investments	$317.7M	$379.1M
Other Short-Term Assets	$54.25M	$41.47M
YoY Change	25.87%	-5.12%
Inventory
Prepaid Expenses
Receivables	$173.4M	$158.7M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.017B	$966.5M
YoY Change	20.76%	21.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$35.95M	$34.90M
YoY Change	-3.82%	-69.13%
Goodwill	$550.2M	$550.4M
YoY Change	2.06%	2.03%
Intangibles	$131.8M	$142.3M
YoY Change
Long-Term Investments	$52.28M	$45.43M
YoY Change
Other Assets	$19.69M	$19.32M
YoY Change	5.37%	3.63%
Total Long-Term Assets	$1.002B	$1.001B
YoY Change	6.48%	7.81%
TOTAL ASSETS
Total Short-Term Assets	$1.017B	$966.5M
Total Long-Term Assets	$1.002B	$1.001B
Total Assets	$2.019B	$1.967B
YoY Change	13.22%	13.97%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$25.01M	$26.95M
YoY Change	47.87%	73.44%
Accrued Expenses	$91.23M	$71.25M
YoY Change	-4.1%	18.58%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$649.0M	$624.8M
YoY Change	15.58%	20.18%
LONG-TERM LIABILITIES
Long-Term Debt	$41.85M	$42.47M
YoY Change	-4.88%	-4.72%
Other Long-Term Liabilities	$5.324M	$5.278M
YoY Change	-18.98%	-88.29%
Total Long-Term Liabilities	$5.324M	$5.278M
YoY Change	-18.98%	-94.11%
TOTAL LIABILITIES
Total Short-Term Liabilities	$649.0M	$624.8M
Total Long-Term Liabilities	$5.324M	$5.278M
Total Liabilities	$733.1M	$711.2M
YoY Change	11.2%	16.69%
SHAREHOLDERS EQUITY
Retained Earnings	-$1.183B	-$1.156B
YoY Change	6.6%	8.51%
Common Stock	$15.00K	$15.00K
YoY Change	7.14%	7.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.286B	$1.256B
YoY Change
Total Liabilities & Shareholders Equity	$2.019B	$1.967B
YoY Change	13.22%	13.97%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	-$26.39M	-$6.311M
YoY Change	-39.82%	-88.07%
Depreciation, Depletion And Amortization	$24.23M	$20.84M
YoY Change	36.68%	20.23%
Cash From Operating Activities	$39.28M	$58.70M
YoY Change	16.65%	-602.65%
INVESTING ACTIVITIES
Capital Expenditures	$16.27M	$15.88M
YoY Change	45.12%	33.24%
Acquisitions
YoY Change
Other Investing Activities	$58.62M	-$130.7M
YoY Change	-397.25%	737.98%
Cash From Investing Activities	$42.35M	-$146.6M
YoY Change	-236.87%	432.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	5.000K	15.76M
YoY Change	-99.86%	-20.03%
NET CHANGE
Cash From Operating Activities	39.28M	58.70M
Cash From Investing Activities	42.35M	-146.6M
Cash From Financing Activities	5.000K	15.76M
Net Change In Cash	81.63M	-72.17M
YoY Change	1183.49%	270.18%
FREE CASH FLOW
Cash From Operating Activities	$39.28M	$58.70M
Capital Expenditures	$16.27M	$15.88M
Free Cash Flow	$23.01M	$42.81M
YoY Change	2.44%	-281.42%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Profit Loss ProfitLoss	-17277000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	89357000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	40894000	usd
	pcor	Accretion Amortization Of Discounts And Premiums Investments Non Cash AccretionAmortizationOfDiscountsAndPremiumsInvestmentsNonCash	6749000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-580000	usd
	pcor	Noncash Operating Lease Expense NoncashOperatingLeaseExpense	4993000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-714000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	405000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	641000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-48994000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	190000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	13279000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-10877000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-3108000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	127840000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3963000	usd
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	19732000	usd
	pcor	Payments To Acquire Strategic Investments PaymentsToAcquireStrategicInvestments	1072000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	324374000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	226099000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
	pcor	Proceeds To Acquire Originations Of Materials Financing ProceedsToAcquireOriginationsOfMaterialsFinancing	0	usd
	pcor	Proceeds To Acquire Customer Repayments Of Materials Financing ProceedsToAcquireCustomerRepaymentsOfMaterialsFinancing	1483000	usd
	pcor	Repayments Of Long Term Finance Lease Obligations Net Of Proceeds From Lease Incentives RepaymentsOfLongTermFinanceLeaseObligationsNetOfProceedsFromLeaseIncentives	669000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	22433000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-528000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	357790000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	299816000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	356239000	usd
CY2023Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	623975000	usd
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9966000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9274000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	19632000	usd
CY2024Q2	pcor	Accrued Commissions AccruedCommissions	12531000	usd
CY2024Q2	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	35074000	usd
CY2024Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	11619000	usd
CY2024Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	71253000	usd
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-23577000	usd
	pcor	Increase Decrease In Deferred Contract Cost Assets IncreaseDecreaseInDeferredContractCostAssets	3630000	usd
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	147678550	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	147678550	shares
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.12
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	146207469	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	146207469	shares
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	1155610000	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Stock Options Exercised StockIssuedDuringPeriodValueStockOptionsExercised	7140000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	42590000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-693000	usd
CY2024Q1	us-gaap	Profit Loss ProfitLoss	-10966000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Employee Stock Purchase Plan StockIssuedDuringPeriodValueEmployeeStockPurchasePlan	13187000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-259000	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	-6311000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	1255798000	usd
	us-gaap	Profit Loss ProfitLoss	-116328000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	87425000	usd
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	34210000	usd
	pcor	Accretion Amortization Of Discounts And Premiums Investments Non Cash AccretionAmortizationOfDiscountsAndPremiumsInvestmentsNonCash	3662000	usd
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-535000	usd
	pcor	Noncash Operating Lease Expense NoncashOperatingLeaseExpense	5232000	usd
	us-gaap	Foreign Currency Transaction Gain Loss Unrealized ForeignCurrencyTransactionGainLossUnrealized	-557000	usd
	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5000	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	3730000	usd
	us-gaap	Increase Decrease In Trading Securities IncreaseDecreaseInTradingSecurities	-6000	usd
	pcor	Increase Decrease In Deferred Contract Cost Assets IncreaseDecreaseInDeferredContractCostAssets	2089000	usd
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-1701000	usd
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	1149000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-30447000	usd
	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	-31110000	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	19582000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-5381000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	17598000	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	4694000	usd
	us-gaap	Payments To Develop Software PaymentsToDevelopSoftware	17351000	usd
	pcor	Payments To Acquire Strategic Investments PaymentsToAcquireStrategicInvestments	442000	usd
	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	229282000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	222726000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	5452000	usd
	pcor	Proceeds To Acquire Originations Of Materials Financing ProceedsToAcquireOriginationsOfMaterialsFinancing	17007000	usd
	pcor	Proceeds To Acquire Customer Repayments Of Materials Financing ProceedsToAcquireCustomerRepaymentsOfMaterialsFinancing	12996000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	25945000	usd
	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	0	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	3792000	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-151296000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-27602000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	9915000	usd
	us-gaap	Proceeds From Stock Options Exercised ProceedsFromStockOptionsExercised	10939000	usd
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	13187000	usd
	us-gaap	Proceeds From Stock Plans ProceedsFromStockPlans	13006000	usd
	pcor	Repayments Of Long Term Finance Lease Obligations Net Of Proceeds From Lease Incentives RepaymentsOfLongTermFinanceLeaseObligationsNetOfProceedsFromLeaseIncentives	930000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	23015000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	-1023000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	13011000	usd
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-309000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	312518000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	1635000	usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	685000	usd
	pcor	Stock Based Compensation Capitalized For Cloud Computing Arrangement Costs StockBasedCompensationCapitalizedForCloudComputingArrangementCosts	72000	usd
	pcor	Stock Based Compensation Capitalized For Cloud Computing Arrangement Costs StockBasedCompensationCapitalizedForCloudComputingArrangementCosts	155000	usd
	pcor	Operating Cash Flows From Lease Incentives OperatingCashFlowsFromLeaseIncentives	294000	usd
	pcor	Operating Cash Flows From Lease Incentives OperatingCashFlowsFromLeaseIncentives	386000	usd
	pcor	Operating Cash Flows From Finance Leases OperatingCashFlowsFromFinanceLeases	793000	usd
	pcor	Operating Cash Flows From Finance Leases OperatingCashFlowsFromFinanceLeases	987000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	4374000	usd
	us-gaap	Operating Lease Payments OperatingLeasePayments	6389000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	908000	usd
	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1016000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	1582000	usd
	us-gaap	Capital Expenditures Incurred But Not Yet Paid CapitalExpendituresIncurredButNotYetPaid	698000	usd
	pcor	Increase Decrease In Accruals For Capitalized Software Development Costs IncreaseDecreaseInAccrualsForCapitalizedSoftwareDevelopmentCosts	3287000	usd
	pcor	Increase Decrease In Accruals For Capitalized Software Development Costs IncreaseDecreaseInAccrualsForCapitalizedSoftwareDevelopmentCosts	749000	usd
	pcor	Stock Based Compensation Capitalized For Software Development StockBasedCompensationCapitalizedForSoftwareDevelopment	5882000	usd
	pcor	Stock Based Compensation Capitalized For Software Development StockBasedCompensationCapitalizedForSoftwareDevelopment	4128000	usd
	pcor	Deferred Business Combination Costs Incurred But Not Yet Paid DeferredBusinessCombinationCostsIncurredButNotYetPaid	1460000	usd
	pcor	Deferred Business Combination Costs Incurred But Not Yet Paid DeferredBusinessCombinationCostsIncurredButNotYetPaid	0	usd
	pcor	Deferred Asset Acquisition Costs Incurred But Not Yet Paid DeferredAssetAcquisitionCostsIncurredButNotYetPaid	1481000	usd
	pcor	Deferred Asset Acquisition Costs Incurred But Not Yet Paid DeferredAssetAcquisitionCostsIncurredButNotYetPaid	0	usd
	pcor	Right Of Use Asset Obtained Or Modified In Exchange For Operating Lease Liability RightOfUseAssetObtainedOrModifiedInExchangeForOperatingLeaseLiability	-3780000	usd
	pcor	Right Of Use Asset Obtained Or Modified In Exchange For Operating Lease Liability RightOfUseAssetObtainedOrModifiedInExchangeForOperatingLeaseLiability	3515000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<div style="margin-bottom:6pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of estimates</span></div><div style="margin-bottom:12pt;text-indent:24.48pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Management periodically evaluates its estimates and assumptions for continued reasonableness, primarily with respect to revenue recognition, the period of benefit of contract cost assets, the fair value of assets acquired and liabilities assumed in a business combination or asset acquisition, stock-based compensation expense, the recoverability of goodwill and long-lived assets, useful lives of long-lived assets, capitalization of software development costs, income taxes, including related reserves and allowances, provision for credit losses, incremental borrowing rates and estimation of lease terms applied in lease accounting, and self-insurance reserve estimates. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Management bases its estimates on historical experience and on various other assumptions that management believes to be reasonable. Actual results could differ from the Company’s estimates.</span></div>
	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	1	segment
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	0	usd
	us-gaap	Debt Securities Available For Sale Allowance For Credit Loss Not Previously Recorded DebtSecuritiesAvailableForSaleAllowanceForCreditLossNotPreviouslyRecorded	0	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	3900000	usd
CY2023Q4	us-gaap	Receivables From Customers ReceivablesFromCustomers	5700000	usd
CY2023Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	3800000	usd
CY2024Q2	us-gaap	Receivables From Customers ReceivablesFromCustomers	1800000	usd
CY2024Q2	us-gaap	Self Insurance Reserve SelfInsuranceReserve	2300000	usd
CY2023Q4	us-gaap	Self Insurance Reserve SelfInsuranceReserve	3300000	usd
CY2024Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	228800000	usd
CY2023Q2	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	185100000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	364200000	usd
	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	286200000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	1000000000.0	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	724800000	usd
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Percentage RevenueRemainingPerformanceObligationPercentage	0.70
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1 RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1	P12M
CY2024Q2	us-gaap	Revenue Remaining Performance Obligation RevenueRemainingPerformanceObligation	310400000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	424934000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	14000	usd
CY2024Q2	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	398000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	424550000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	320166000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	186000	usd
CY2023Q4	us-gaap	Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax	191000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	320161000	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	379120000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	320161000	usd
CY2024Q2	pcor	Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Two DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo	45430000	usd
CY2023Q4	pcor	Debt Securities Available For Sale Fair Value Maturity Allocated And Single Maturity Date After Year One Through Two DebtSecuritiesAvailableForSaleFairValueMaturityAllocatedAndSingleMaturityDateAfterYearOneThroughTwo	0	usd
CY2024Q2	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	424550000	usd
CY2023Q4	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	320161000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	226100000	usd
	us-gaap	Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities	222700000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	5500000	usd
	us-gaap	Proceeds From Sale Of Available For Sale Securities Debt ProceedsFromSaleOfAvailableForSaleSecuritiesDebt	0	usd
CY2023Q4	us-gaap	Investments Investments	11527000	usd
	pcor	Interest Accrued On Available For Sale Debt Securities InterestAccruedOnAvailableForSaleDebtSecurities	4000	usd
	pcor	Payments To Acquire Strategic Investments PaymentsToAcquireStrategicInvestments	1072000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	825000	usd
	us-gaap	Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount	184000	usd
CY2024Q2	us-gaap	Investments Investments	13244000	usd
CY2022Q4	us-gaap	Investments Investments	11043000	usd
	pcor	Interest Accrued On Available For Sale Debt Securities InterestAccruedOnAvailableForSaleDebtSecurities	4000	usd
	pcor	Payments To Acquire Strategic Investments PaymentsToAcquireStrategicInvestments	442000	usd
	us-gaap	Unrealized Gain Loss On Investments UnrealizedGainLossOnInvestments	-6000	usd
CY2023Q2	us-gaap	Investments Investments	11483000	usd
CY2024Q2	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	366000	usd
CY2024Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	726218000	usd
CY2023Q4	us-gaap	Investments Fair Value Disclosure InvestmentsFairValueDisclosure	362000	usd
	pcor	Lessee Operating Lease Increase Decrease In Liability To Be Paid LesseeOperatingLeaseIncreaseDecreaseInLiabilityToBePaid	10700000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	257182000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	117737000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	139445000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P4Y6M
CY2024Q2	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	260030000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	117737000	usd
CY2024Q2	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	142293000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	232803000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	98105000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	134698000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P4Y3M18D
CY2023Q4	us-gaap	Intangible Assets Gross Excluding Goodwill IntangibleAssetsGrossExcludingGoodwill	235651000	usd
CY2023Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	98105000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	137546000	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	18608000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	539354000	usd
	us-gaap	Goodwill Acquired During Period GoodwillAcquiredDuringPeriod	11333000	usd
	us-gaap	Goodwill Foreign Currency Translation Gain Loss GoodwillForeignCurrencyTranslationGainLoss	-324000	usd
CY2024Q2	us-gaap	Goodwill Goodwill	550363000	usd
CY2024Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	12029000	usd
CY2023Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	31786000	usd
CY2023Q4	pcor	Accrued Commissions AccruedCommissions	16494000	usd
CY2023Q4	us-gaap	Employee Related Liabilities Current EmployeeRelatedLiabilitiesCurrent	36171000	usd
CY2023Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	15624000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	100075000	usd
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2023Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross	0	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	4340052	shares
CY2023Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.57
	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	766211	shares
	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	12.95
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod	750	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice	19.16
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3573091	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	12.48
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	3573091	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	12.48
CY2024Q2	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions	0	usd
CY2024Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	49225000	usd
CY2023Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	42487000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	89357000	usd
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	87425000	usd
CY2024Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	3496000	usd
CY2023Q2	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	2161000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	5954000	usd
	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	4283000	usd
CY2024Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	52721000	usd
CY2023Q2	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	44648000	usd
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	95311000	usd
	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Compensation Cost1 SharebasedCompensationArrangementBySharebasedPaymentAwardCompensationCost1	91708000	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	500000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	300000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	800000	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	400000	usd
	us-gaap	Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate	0.21
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	12321927	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	15033813	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	11955655	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	14617898	shares
CY2024Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	284347000	usd
CY2023Q2	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	228536000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	553775000	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	442062000	usd
CY2024Q1	us-gaap	Restructuring And Related Cost Number Of Positions Eliminated Period Percent RestructuringAndRelatedCostNumberOfPositionsEliminatedPeriodPercent	0.04
	us-gaap	Restructuring Charges RestructuringCharges	4185000	usd
CY2024Q2	us-gaap	Restructuring Reserve RestructuringReserve	0	usd

Files In Submission

Name	View Source	Status
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0001628280-24-034402-index.html	Edgar Link	pending
0001628280-24-034402.txt	Edgar Link	pending
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0001628280-24-034402-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
pcor-20240630.htm	Edgar Link	pending
pcor-20240630.xsd	Edgar Link	pending
pcor-q224x10xqxexx311.htm	Edgar Link	pending
pcor-q224x10xqxexx312.htm	Edgar Link	pending
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pcor-q224x10xqxexx322.htm	Edgar Link	pending
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pcor-20240630_cal.xml	Edgar Link	unprocessable
pcor-20240630_def.xml	Edgar Link	unprocessable
pcor-20240630_lab.xml	Edgar Link	unprocessable
pcor-20240630_pre.xml	Edgar Link	unprocessable
pcor-20240630_htm.xml	Edgar Link	completed
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$PCOR
PROCORE TECHNOLOGIES, INC. Stock $pcor

2024 Q3 Form 10-Q Financial Statement

#000162828024034402 Filed on August 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PCOR PROCORE TECHNOLOGIES, INC. Stock $pcor

2024 Q3 Form 10-Q Financial Statement

#000162828024034402 Filed on August 02, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$PCOR
PROCORE TECHNOLOGIES, INC. Stock $pcor