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PCOR (Procore Technologies) Retained Earnings : $-1,245 Mil (As of Dec. 2024)


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What is Procore Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Procore Technologies's retained earnings for the quarter that ended in Dec. 2024 was $-1,245 Mil.

Procore Technologies's quarterly retained earnings declined from Jun. 2024 ($-1,156 Mil) to Sep. 2024 ($-1,183 Mil) and declined from Sep. 2024 ($-1,183 Mil) to Dec. 2024 ($-1,245 Mil).

Procore Technologies's annual retained earnings declined from Dec. 2022 ($-949 Mil) to Dec. 2023 ($-1,139 Mil) and declined from Dec. 2023 ($-1,139 Mil) to Dec. 2024 ($-1,245 Mil).


Procore Technologies Retained Earnings Historical Data

The historical data trend for Procore Technologies's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Procore Technologies Retained Earnings Chart

Procore Technologies Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Retained Earnings
Get a 7-Day Free Trial -397.05 -662.21 -949.14 -1,138.84 -1,244.79

Procore Technologies Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,138.84 -1,149.80 -1,156.11 -1,182.50 -1,244.79

Procore Technologies Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Procore Technologies  (NYSE:PCOR) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


Procore Technologies Business Description

Traded in Other Exchanges
Address
6309 Carpinteria Avenue, Carpinteria, CA, USA, 93013
Procore Technologies Inc is a cloud-based construction management software company. It generates revenue through subscriptions for access to its software products. The company's products include Design Coordination, BIM, Field Productivity, Project Financials, Invoice Management, Portfolio Financials, Capital Planning, Accounting Integrations, and Analytics. The software products are hosted on its cloud-based SaaS construction management platform. Subscriptions are sold for a fixed fee and revenue is recognized ratably over the term of the subscription.
Executives
Howard Fu officer: CFO & Treasurer 6309 CARPINTERIA AVE, CARPINTERIA CA 93013
O Connor Kevin J director C/O DOUBLECLICK INC., 111 EIGHTH AVENUE, NEW YORK NY 10011
Steven Scott Davis officer: President Product & Technology 6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Benjamin C Singer officer: Chief Legal Officer; Secretary 5 CROSBY STREET, NEW YORK NY 10013
Griffith William J.g. director, 10 percent owner 21300 VICTORY BLVD., 12TH FLOOR, WOODLAND HILLS CA 91367
Iconiq Strategic Partners Ii, L.p. 10 percent owner 50 BEALE ST., STE 2300, SAN FRANCISCO CA 94105
Elisa Steele director 1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Kathryn Bueker director C/O HUBSPOT, INC., 25 FIRST STREET, 2ND FLOOR, CAMBRIDGE MA 02141
Courtemanche Craig F. Jr. director, officer: Chief Executive Officer, other: Chairman of the Board 6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Fleming William Fred Jr officer: VP, Corporate Controller 6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Joy Driscoll Durling officer: Chief Data Officer 772 UTAH VALLEY DRIVE, AMERICAN FORK UT 84003
Nanci Caldwell director C/O DELTEK, INC., 2291 WOOD OAK DRIVE, HERNDON VA 20171
Graham Smith director 301 BRANNMAN ST, SAN FRANCISCO CA 94107
Paul Lyandres officer: Chief Financial Officer 6309 CARPINTERIA AVE, CARPINTERIA CA 93013
Dennis Lyandres officer: Chief Revenue Officer 6309 CARPINTERIA AVE, CARPINTERIA CA 93013