Procore Announces Strong Second Quarter 2021 Financial Results

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

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

 

 

2020

 

 

2021

 

 

2020

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

268

 

 

$

4,918

 

 

$

535

 

 

$

6,079

 

Sales and marketing

 

 

3,115

 

 

 

42,855

 

 

 

5,234

 

 

 

46,107

 

Research and development

 

 

1,912

 

 

 

51,317

 

 

 

3,849

 

 

 

54,563

 

General and administrative

 

 

1,331

 

 

 

38,353

 

 

 

2,708

 

 

 

40,997

 

Total stock-based compensation expense

 

$

6,626

 

 

$

137,443

 

 

$

12,326

 

 

$

147,746

 


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