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Procore Technologies PCOR Noncash operating lease expense

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Other financials

Income statement

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Revenue$359.3M+15.7%
Gross profit$287.8M+17.1%
Operating income-$15.7M+56.8%
Net income-$9.1M+72.4%
EPS (diluted)-$0.06+72.7%

Balance sheet

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Cash & equivalents$386.0M+23.0%
Total debt$94.8M+29.3%
Total equity$1.2B+1.6%
Total assets$2.1B+8.2%

Cash flow

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Operating cash flow$76.8M+16.2%
CapEx$2.9M-27.4%
Free cash flow$73.8M+19.1%

Valuation

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Market cap$6.03B-13.6%

Profitability

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Gross margin79.8%-1.4pp
Operating margin-7.6%-2.2pp
Net margin-5.6%-1.8pp
FCF margin21.4%+7.0pp

Returns & leverage

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Return on equity-6.5%-1.8pp
Debt / equity0.1×0.0×
Current ratio1.1×-0.1×

Where this comes from

Reported directly by Procore Technologies in its filing.

Tagged under the XBRL concept pcor:NoncashOperatingLeaseExpense.

The official record: Procore Technologies’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Procore Technologies's noncash operating lease expense?
Procore Technologies (PCOR) reported noncash operating lease expense of $1.68M in Q1 2026.
How has Procore Technologies's noncash operating lease expense changed year-over-year?
Procore Technologies's noncash operating lease expense increased by 7.7% year-over-year, from $1.56M to $1.68M.
What is the long-term trend for Procore Technologies's noncash operating lease expense?
Over 4 years (2021 to 2025), Procore Technologies's noncash operating lease expense has grown at a -6.3% compound annual growth rate (CAGR), from -$7.57M to -$5.84M.
What does noncash operating lease expense mean?
This metric captures the non-cash portion of operating lease expenses recognized in the income statement, typically associated with the amortization of right-of-use assets. It is added back to net income in the cash flow statement to reconcile accounting expenses with actual cash outflows. Monitoring this helps investors distinguish between operational lease obligations and actual cash expenditures.