Procore Announces Third Quarter 2022 Financial Results

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

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

5,627

 

 

$

1,086

 

 

$

16,935

 

 

$

3,258

 

Sales and marketing

 

 

3,106

 

 

 

404

 

 

 

9,318

 

 

 

1,349

 

Research and development

 

 

877

 

 

 

907

 

 

 

2,674

 

 

 

1,770

 

Total amortization of acquired intangible assets

 

$

9,610

 

 

$

2,397

 

 

$

28,927

 

 

$

6,377

 

(3) Includes employer payroll tax on employee stock transactions as follows:

 

 

Three Months Ended
September 30,

 

 

Nine Months Ended
September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

 

 

(in thousands)

 

Cost of revenue

 

$

99

 

 

$

66

 

 

$

248

 

 

$

400

 

Sales and marketing

 

 

682

 

 

 

473

 

 

 

1,607

 

 

 

1,830

 

Research and development

 

 

638

 

 

 

386

 

 

 

2,188

 

 

 

2,208

 

General and administrative

 

 

304

 

 

 

170

 

 

 

1,031

 

 

 

885

 

Total employer payroll tax on employee stock

transactions

 

$

1,723

 

 

$

1,095

 

 

$

5,074

 

 

$

5,323

 


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