Procore Announces First Quarter 2022 Financial Results

Computation of free cash flow:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(dollars in thousands)

 

Net cash provided by operating activities

 

$

10,284

 

 

$

28,296

 

Purchases of property and equipment

 

 

(7,525

)

 

 

(2,393

)

Capitalized software development costs

 

 

(7,632

)

 

 

(2,193

)

Non-GAAP free cash flow

 

$

(4,873

)

 

$

23,710

 

 



Contact:

Media Contact
Elizabeth Locke
press@procore.com

Investor Contact
Matthew Puljiz
ir@procore.com



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