Procore Announces Third Quarter 2022 Financial Results

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

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

1,835

 

 

$

679

 

 

$

5,339

 

 

$

6,758

 

Sales and marketing

 

 

15,483

 

 

 

11,178

 

 

 

38,351

 

 

 

57,285

 

Research and development

 

 

17,758

 

 

 

15,064

 

 

 

43,910

 

 

 

69,627

 

General and administrative

 

 

9,701

 

 

 

11,262

 

 

 

28,281

 

 

 

52,259

 

Total stock-based compensation expense

 

$

44,777

 

 

$

38,183

 

 

$

115,881

 

 

$

185,929

 


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