Procore Technologies (PCOR) Research & Development (2020 - 2026)
Procore Technologies (PCOR) reported Research & Development of $85.6 million for Q1 2026, down 38.3% on a YoY basis from $138.7 million in Q1 2025, and up 236.91% sequentially from -$62.5 million in Q4 2025.
Procore Technologies (PCOR) Research & Development (2020 - 2026) Analysis & Trends
Procore Technologies (PCOR) has 7 years of Research & Development data on file, last reported at $85.6 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 38.3% year-over-year to $85.6 million; the trailing twelve-month figure through Mar 2026 stood at $200.0 million (down 60.71% YoY), and the FY2025 full-year result was $362.4 million, down 34.35% from the prior year.
- Research & Development grew to $85.6 million in Q1 2026, from -$62.5 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $161.7 million in Q4 2024 to a low of -$62.5 million in Q4 2025.
- A 5-year average of $79.9 million and a median of $85.6 million in 2026 frame the typical range for Research & Development.
- Across the five-year window, Research & Development plunged 374.22% in 2022 and soared 441.98% in 2023, its largest moves.
- Tracing PCOR's Research & Development over 5 years: stood at -$35.8 million in 2022, then soared by 441.98% to $122.5 million in 2023, then soared by 32.02% to $161.7 million in 2024, then slumped by 138.64% to -$62.5 million in 2025, then soared by 236.91% to $85.6 million in 2026.
- Business Quant data shows PCOR's Research & Development at $85.6 million in Q1 2026, -$62.5 million in Q4 2025, and $88.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Procore Technologies | 6.20 Bn | 5.61 Bn | 287.79 Mn | 85.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 85.57 Mn |
| Dec 31, 2025 | -62.50 Mn |
| Sep 30, 2025 | 88.05 Mn |
| Jun 30, 2025 | 88.90 Mn |
| Mar 31, 2025 | 138.68 Mn |
| Dec 31, 2024 | 161.73 Mn |
| Sep 30, 2024 | 80.79 Mn |
| Jun 30, 2024 | 127.92 Mn |
| Mar 31, 2024 | 70.60 Mn |
| Dec 31, 2023 | 122.51 Mn |
| Sep 30, 2023 | 72.71 Mn |
| Jun 30, 2023 | 73.22 Mn |
| Mar 31, 2023 | 117.36 Mn |
| Dec 31, 2022 | -35.82 Mn |
| Sep 30, 2022 | 71.49 Mn |
| Jun 30, 2022 | 63.82 Mn |
| Mar 31, 2022 | 93.92 Mn |
| Dec 31, 2021 | 13.06 Mn |
| Sep 30, 2021 | 53.45 Mn |
| Jun 30, 2021 | 99.91 Mn |