Procore Announces Third Quarter 2021 Financial Results

(1) Includes stock-based compensation expense as follows:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

633

 

 

$

679

 

 

$

1,168

 

 

$

6,758

 

Sales and marketing

 

 

3,410

 

 

 

11,178

 

 

 

8,644

 

 

 

57,285

 

Research and development

 

 

2,898

 

 

 

15,064

 

 

 

6,747

 

 

 

69,627

 

General and administrative

 

 

3,074

 

 

 

11,262

 

 

 

5,782

 

 

 

52,259

 

Total stock-based compensation expense

 

$

10,015

 

 

$

38,183

 

 

$

22,341

 

 

$

185,929

 


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