What is Procore Technologies's R&D?

Procore Technologies (PCOR) reported R&D of $85.57M in Q1 2026.

How has Procore Technologies's R&D changed year-over-year?

Procore Technologies's R&D decreased by 2.3% year-over-year, from $87.61M to $85.57M.

What is the long-term trend for Procore Technologies's R&D?

Over 4 years (2021 to 2025), Procore Technologies's R&D has grown at a 11.2% compound annual growth rate (CAGR), from $237.29M to $362.37M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Procore Technologies PCOR R&D

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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 us-gaap:ResearchAndDevelopmentExpense.

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 R&D?: Procore Technologies (PCOR) reported R&D of $85.57M in Q1 2026.
How has Procore Technologies's R&D changed year-over-year?: Procore Technologies's R&D decreased by 2.3% year-over-year, from $87.61M to $85.57M.
What is the long-term trend for Procore Technologies's R&D?: Over 4 years (2021 to 2025), Procore Technologies's R&D has grown at a 11.2% compound annual growth rate (CAGR), from $237.29M to $362.37M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.