Procore Announces Fourth Quarter and Full Year 2021 Financial Results

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

 

 

Three Months Ended
December 31,

 

 

Year Ended
December 31,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Cost of revenue

 

$

1,336

 

 

$

554

 

 

$

8,094

 

 

$

1,722

 

Sales and marketing

 

 

11,470

 

 

 

4,741

 

 

 

68,755

 

 

 

13,385

 

Research and development

 

 

15,413

 

 

 

6,183

 

 

 

85,040

 

 

 

12,930

 

General and administrative

 

 

13,013

 

 

 

10,141

 

 

 

65,272

 

 

 

15,923

 

Total stock-based compensation expense

 

$

41,232

 

 

$

21,619

 

 

$

227,161

 

 

$

43,960

 


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