Procore Technologies, Inc.

Procore believes free cash flow is an important liquidity measure of the cash (if any) that is available, after our operating activities and capital expenditures.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Once Procore s business needs and obligations are met, cash can be used to maintain a strong balance sheet, invest in future growth, and execute our stock repurchase program.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

) and internationally; our reliance on key personnel and our ability to attract, maintain, and retain management and skilled personnel; our expectations regarding the impact of litigation and other disputes on our business; the timing, price, and quantity of repurchases of shares of our common stock under our stock repurchase program, and our ability to fund any such repurchases; the future trading price of our common stock; and our ability to identify, assess, and manage cybersecurity threats and risks.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

Management periodically evaluates its estimates and assumptions for continued reasonableness, primarily with respect to revenue recognition, the period of benefit of contract cost assets, the fair value of assets acquired and liabilities assumed in a business combination or asset acquisition, stock-based compensation expense, the recoverability of goodwill and long-lived assets, useful lives of long-lived assets, capitalization of software development costs, income taxes, including related reserves and allowances, provision for credit losses, incremental borrowing rates and estimation of lease terms applied in lease accounting, and self-insurance reserve estimates.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

All marketable securities held as of June 30, 2026 and December 31, 2025 are classified as available-for-sale debt securities, which are recorded at fair value.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

The Company measures its cash held in money market funds, marketable securities, and investments in available-for-sale debt securities at fair value each reporting period.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

We remain committed to profitability improvement and we see opportunities for continued margin expansion while not compromising our growth opportunities.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Forward-looking statements generally relate to future events or future financial or operating performance, and may be identified by the use of words such as anticipate, believe, contemplate, continue, could, estimate, expect, intend, may, plan, potential, predict, project, should, target, will, or would, or the negative of these words, or other similar terms or expressions that concern Procore s expectations, strategy, plans, or intentions.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Since the amount of employer payroll tax-related items on employee stock transactions is highly variable due to factors outside our control, and unrelated to Procore s core operations, operating results, revenue-generating activities, business strategy, industry, or regulatory environment, management does not consider employer payroll tax on employee stock transactions in the evaluation of the business or in making operating plans.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Procore uses free cash flow in conjunction with traditional GAAP measures to assess its liquidity and evaluate the effectiveness of its business strategies.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

All statements other than statements of historical fact contained in this Quarterly Report on Form 10-Q are forward-looking statements regarding our future operating results and financial position, our business strategy and plans, market growth and trends, and our objectives for future operations.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future and cannot be reasonably determined or predicted at this time, although it is important to note that these factors could be material to Procore s future GAAP financial results.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, about Procore and its industry, including our outlook for third quarter 2025 and the full fiscal year 2025, that involve substantial risks and uncertainties.

SEC original ↗Procore Technologies, Inc. — Earnings release (8-K exhibit)EX-99Jul 31, 2025

Legal Proceedings 53 Item 1A.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

Exhibits 85 Signatures 87 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the Securities Act ), and Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act ), about us and our industry that involve substantial risks and uncertainties.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

) and internationally; our reliance on key personnel and our ability to attract, maintain, and retain management and skilled personnel; our expectations regarding the impact of litigation and other disputes on our business; the timing, price, and quantity of repurchases of shares of our common stock under our stock repurchase program, and our ability to fund any such repurchases; the future trading price of our common stock; and our ability to identify, assess, and manage cybersecurity threats and risks.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026

The outcome of the events described in these forward-looking statements is subject to risks, uncertainties, and other factors described in Part II, Item 1A, Risk Factors of this Quarterly Report on Form 10-Q.

SEC original ↗Procore Technologies, Inc. — 10-Q Quarterly report10-QJul 31, 2026