Procore Announces First Quarter 2022 Financial Results

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

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

1,458

 

 

$

1,161

 

Sales and marketing

 

 

10,296

 

 

 

3,252

 

Research and development

 

 

13,008

 

 

 

3,246

 

General and administrative

 

 

12,447

 

 

 

2,644

 

Total stock-based compensation expense

 

$

37,209

 

 

$

10,303

 

(2) Includes amortization of acquired intangible assets as follows:

 

 

Three Months Ended March 31,

 

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

5,654

 

 

$

1,086

 

Sales and marketing

 

 

3,106

 

 

 

479

 

Research and development

 

 

902

 

 

 

183

 

Total amortization of acquired intangible assets

 

$

9,662

 

 

$

1,748

 


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