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
DateValue
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