TickerStat.comProcore Technologies annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Procore Technologies R&D Spending Growth & History (PCOR)
Procore Technologies's r&d spending was $362.4M for fiscal 2025.
View full Procore Technologies company overviewProcore Technologies annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $362.4M | $49.4M | +15.78% |
| 2024 | 2024-12-31 | $313.0M | $12.4M | +4.13% |
| 2023 | 2023-12-31 | $300.6M | $29.6M | +10.92% |
| 2022 | 2022-12-31 | $271.0M | $33.7M | +14.20% |
| 2021 | 2021-12-31 | $237.3M | $112.6M | +90.35% |
| 2020 | 2020-12-31 | $124.7M | $37.6M | +43.25% |
| 2019 | 2019-12-31 | $87.0M | — | — |
Procore Technologies quarterly r&d spending
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $93.3M | $4.4M | +5.00% |
| Q1 2026 | 2026-03-31 | $85.6M | −$2.0M | −2.33% |
| Q4 2025 | 2025-12-31 | $97.8M | $8.5M | +9.55% |
| Q3 2025 | 2025-09-30 | $88.0M | $7.3M | +8.98% |
| Q2 2025 | 2025-06-30 | $88.9M | $16.6M | +22.95% |
| Q1 2025 | 2025-03-31 | $87.6M | $17.0M | +24.09% |
| Q4 2024 | 2024-12-31 | $89.3M | $14.7M | +19.67% |
| Q3 2024 | 2024-09-30 | $80.8M | $8.1M | +11.12% |
| Q2 2024 | 2024-06-30 | $72.3M | −$908,000 | −1.24% |
| Q1 2024 | 2024-03-31 | $70.6M | −$9.4M | −11.79% |
| Q4 2023 | 2023-12-31 | $74.6M | −$802,000 | −1.06% |
| Q3 2023 | 2023-09-30 | $72.7M | $1.2M | +1.70% |
| Q2 2023 | 2023-06-30 | $73.2M | $9.4M | +14.72% |
| Q1 2023 | 2023-03-31 | $80.0M | $19.8M | +32.83% |
| Q4 2022 | 2022-12-31 | $75.4M | $14.7M | +24.30% |
| Q3 2022 | 2022-09-30 | $71.5M | $18.0M | +33.76% |
| Q2 2022 | 2022-06-30 | $63.8M | −$24.8M | −27.99% |
| Q1 2022 | 2022-03-31 | $60.3M | $25.7M | +74.42% |
| Q4 2021 | 2021-12-31 | $60.7M | — | — |
| Q3 2021 | 2021-09-30 | $53.4M | $18.9M | +54.90% |
| Q2 2021 | 2021-06-30 | $88.6M | $62.1M | +234.21% |
| Q1 2021 | 2021-03-31 | $34.5M | — | — |
| Q3 2020 | 2020-09-30 | $34.5M | — | — |
| Q2 2020 | 2020-06-30 | $26.5M | — | — |
Procore Technologies r&d spending trends
Over the last five fiscal years, Procore Technologies's r&d spending increased from $124.7M to $362.4M, a change of $237.7M. The latest reported quarter, Q2 2026, shows $93.3M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Procore Technologies source filings ↗Community posts
Procore completes $845 million DroneDeploy deal to expand construction AI
Procore Technologies ($PCOR) completed its acquisition of DroneDeploy for approximately $845 million in cash, subject to customary adjustments. DroneDeploy is now a wholly owned subsidiary, bringing aerial imaging, ground robotics and camer ...
Procore upgrades AI task routing and simplifies access to specialized agents
Procore ($PCOR) updated the chat experience in Procore AI and Datagrid, combining simpler controls with an improved automatic mode. The system can answer straightforward questions directly, use available tools when needed and bring in speci ...