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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
Pay Versus Performance
The following table presents information about the relationship between executive compensation actually paid to our PEO and our other named executive officers (for purposes of this section, the “Non-PEO NEOs”) and certain financial performance measures of the Company. For further information concerning our philosophy of executive pay tied to performance and how we align executive compensation with our performance, please refer to the section titled “Compensation Discussion and Analysis” beginning on page 35 of this Proxy Statement.
 
Year
(1)
  
Summary
Compensation
Table Total for
PEO
($)
(2)
  
Compensation
Actually Paid
to PEO
($)
(3)
  
Average
Summary
Compensation
Table Total for
Non-PEO

NEOs
($)
(4)
  
Average
Compensation
Actually Paid
to Non-PEO
NEOs
($)
(5)
  
Value of Initial Fixed $100
Investment Based On:
  
Net
Income
(millions)
($)
(8)
  
 Non-GAAP 

Operating
Margin
(%)
(9)
 
Total
Shareholder
Return
($)
(6)
  
 
Peer Group
Total
Shareholder
Return
($)
(7)
2024
       16,122,797       13,725,746       7,200,319       7,250,813       85.15       186.84       (106 )       10
2023
       12,918,339       25,334,504       4,200,701       7,280,125       78.66       137.02       (190 )       2
2022
       13,856,196       (9,591,955 )       8,170,546       4,544,907       53.61       82.31       (287 )       (10 )
2021
       10,625,107       76,757,138       4,809,572       25,498,661       90.88       128.15       (265 )       (6 )
 
(1)
We were not a reporting company pursuant to Section 13(a) or Section 15(d) of the Exchange Act prior to 2021, and as such, we have not included any information in this table for 2020.
(2)
The dollar amounts reported in this column represent the amounts of total compensation reported for Mr. Courtemanche (our President and CEO) for each corresponding fiscal year in the “Total” column of the Summary Compensation Table on page 48 of this Proxy Statement.
(3)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Courtemanche, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or received by or paid to Mr. Courtemanche during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Courtemanche’s total compensation for 2024 to determine the compensation actually paid:
 
 
Prior FYE
   
 
12/31/2023
  
Current FYE
   
12/31/2024
  
Fiscal Year
   
2024
  
PEO Summary Compensation Table Total
    $ 16,122,797  
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year
    ($ 15,443,030 ) 
+ Fair Value at Fiscal Year-End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $ 9,243,847  
+ Change in Fair Value as of End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $ 1,468,018  
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
    $ 1,754,018  
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
    $ 580,095  
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
    $ 0  
Compensation Actually Paid
    $ 13,725,746  
 
(4)
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs for each corresponding fiscal year in the “Total” column of the Summary Compensation Table on page 48 of this Proxy Statement. The names of each of the non-PEO NEOs included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for 2024, Howard Fu, Benjamin C. Singer, Lawrence J. Stack, and Steven S. Davis; (ii) for 2023, Howard Fu, Benjamin C. Singer, Steven S. Davis, Joy D. Durling, and Paul E. Lyandres; (iii) for 2022, Paul E. Lyandres, Benjamin C. Singer, Joy D. Durling and Steven S. Davis; and (iv) for 2021, Paul E. Lyandres and Dennis H. Lyandres.
(5)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the non-PEO NEOs, as computed in accordance with Item 402(v) of
Regulation S-K.
The dollar amounts do not reflect the actual average amount of compensation earned or received by or paid to the Non-PEO NEOs as a group during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for the Non-PEO NEOs as a group for 2024 to determine the compensation actually paid, using the same methodology described above in footnote 3.
 
 
 
Prior FYE
   
 
12/31/2023
  
Current FYE
   
12/31/2024
  
Fiscal Year
   
2024
  
Non-PEO NEOs Summary Compensation Table Total
    $ 7,200,319  
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year
    ($ 6,647,912 ) 
+ Fair Value at Fiscal Year-End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $ 5,915,986  
+ Change in Fair Value as of End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $ 324,332  
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
    $ 467,721  
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
    ($ 9,634 ) 
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
    $ 0  
Compensation Actually Paid
    $ 7,250,813  
 
(6)
Cumulative Total Shareholder Return (“TSR”) is calculated by dividing the sum of the cumulative amount of dividends (if any) for the measurement period, assuming dividend reinvestment, and the difference between our share price at the end and the beginning of the measurement period by our share price at the beginning of the measurement period.
(7)
Represents the peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the NASDAQ Computer Index, which is the same peer group used in Part II, Item 5 of our 2024 Form 10-K.
(8)
The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year.
(9)
We have identified non-GAAP operating margin as the most important financial performance measure used to link compensation actually paid to our PEO and Non-PEO NEOs to our performance in fiscal year 2024, as this measure was one of the two metrics used to determine payouts to our PEO and Non-PEO NEOs under the 2024 Bonus Program. For further details regarding this determination, please refer to the section below titled “Financial Performance Measures.” Please refer to Appendix A for a discussion of non-GAAP operating margin, as well as a reconciliation of this measure, to the most directly comparable financial measure calculated and presented in accordance with GAAP.
     
Company Selected Measure Name non-GAAP operating margin      
Named Executive Officers, Footnote
(4)
The dollar amounts reported in this column represent the average of the amounts reported for the non-PEO NEOs for each corresponding fiscal year in the “Total” column of the Summary Compensation Table on page 48 of this Proxy Statement. The names of each of the non-PEO NEOs included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for 2024, Howard Fu, Benjamin C. Singer, Lawrence J. Stack, and Steven S. Davis; (ii) for 2023, Howard Fu, Benjamin C. Singer, Steven S. Davis, Joy D. Durling, and Paul E. Lyandres; (iii) for 2022, Paul E. Lyandres, Benjamin C. Singer, Joy D. Durling and Steven S. Davis; and (iv) for 2021, Paul E. Lyandres and Dennis H. Lyandres.
     
Peer Group Issuers, Footnote Represents the peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the NASDAQ Computer Index, which is the same peer group used in Part II, Item 5 of our 2024 Form 10-K.      
PEO Total Compensation Amount $ 16,122,797 $ 12,918,339 $ 13,856,196 $ 10,625,107
PEO Actually Paid Compensation Amount $ 13,725,746 25,334,504 (9,591,955) 76,757,138
Adjustment To PEO Compensation, Footnote
(3)
The dollar amounts reported in this column represent the amount of “compensation actually paid” to Mr. Courtemanche, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual amount of compensation earned or received by or paid to Mr. Courtemanche during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Courtemanche’s total compensation for 2024 to determine the compensation actually paid:
 
 
Prior FYE
   
 
12/31/2023
  
Current FYE
   
12/31/2024
  
Fiscal Year
   
2024
  
PEO Summary Compensation Table Total
    $ 16,122,797  
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year
    ($ 15,443,030 ) 
+ Fair Value at Fiscal Year-End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $ 9,243,847  
+ Change in Fair Value as of End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $ 1,468,018  
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
    $ 1,754,018  
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
    $ 580,095  
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
    $ 0  
Compensation Actually Paid
    $ 13,725,746  
      
Non-PEO NEO Average Total Compensation Amount $ 7,200,319 4,200,701 8,170,546 4,809,572
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,250,813 7,280,125 4,544,907 25,498,661
Adjustment to Non-PEO NEO Compensation Footnote
(5)
The dollar amounts reported in this column represent the average amount of “compensation actually paid” to the non-PEO NEOs, as computed in accordance with Item 402(v) of
Regulation S-K.
The dollar amounts do not reflect the actual average amount of compensation earned or received by or paid to the Non-PEO NEOs as a group during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average total compensation for the Non-PEO NEOs as a group for 2024 to determine the compensation actually paid, using the same methodology described above in footnote 3.
 
 
 
Prior FYE
   
 
12/31/2023
  
Current FYE
   
12/31/2024
  
Fiscal Year
   
2024
  
Non-PEO NEOs Summary Compensation Table Total
    $ 7,200,319  
- Grant Date Fair Value of Option Awards and Stock Awards Granted in Covered Fiscal Year
    ($ 6,647,912 ) 
+ Fair Value at Fiscal Year-End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Fiscal Year
    $ 5,915,986  
+ Change in Fair Value as of End of Covered Fiscal Year of Outstanding and Unvested Option Awards and Stock Awards Granted in Prior Fiscal Years
    $ 324,332  
+ Fair Value at Vesting of Option Awards and Stock Awards Granted in Covered Fiscal Year That Vested During Covered Fiscal Year
    $ 467,721  
+ Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Covered Fiscal Year
    ($ 9,634 ) 
- Fair Value as of Prior Fiscal Year-End of Option Awards and Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Covered Fiscal Year
    $ 0  
Compensation Actually Paid
    $ 7,250,813  
      
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative TSR
 
The following graph illustrates the relationship among (i) compensation actually paid to the PEO and the average of the compensation actually paid to the non-PEO NEOs, (ii) our cumulative TSR, and (iii) the cumulative TSR of the NASDAQ Computer Index peer group.
 
 
      
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Net Income
The following graph illustrates the relationship between (i) compensation actually paid to the PEO and the average of the compensation actually paid to the non-PEO NEOs and (ii) net income.
 
 
      
Compensation Actually Paid vs. Company Selected Measure
Compensation Actually Paid and Non-GAAP Operating Margin
The following graph illustrates the relationship
between
(i) compensation actually paid to the PEO and the average of the compensation actually paid to the non-PEO NEOs and (ii) the non-GAAP operating margin.
Procore Technologies, Inc. CAP vs Non-GAAP Operating Margin
 
 
      
Total Shareholder Return Vs Peer Group
Compensation Actually Paid and Cumulative TSR
 
The following graph illustrates the relationship among (i) compensation actually paid to the PEO and the average of the compensation actually paid to the non-PEO NEOs, (ii) our cumulative TSR, and (iii) the cumulative TSR of the NASDAQ Computer Index peer group.
 
 
      
Tabular List, Table
Financial Performance Measures
Below are the most important financial performance measures used by us to link compensation actually paid to our PEO and Non-PEO NEOs for fiscal year 2024 to our performance:
 
+
non-GAAP operating margin; and
 
+
revenue.
Non-GAAP operating margin is the most important financial performance measure used by us to link compensation actually paid to our PEO and Non-PEO NEOs for fiscal year 2024 to our performance, as this measure was one of the two metrics used to determine payouts to our PEO and Non-PEO NEOs under the 2024 Bonus Program, and one of the two metrics used to determine the payout to our PEO for the PSUs granted to our PEO in 2024. The other metric that determined payouts under the 2024 Bonus Program was net new bookings, which is not a financial performance measure. The other financial performance measure that determined the payout to our PEO for the PSUs granted to our PEO in 2024 was revenue. Please refer to the section titled “Compensation Discussion and Analysis” beginning on page 35 of this Proxy Statement for further discussion of the 2024 Bonus Program and the PSUs granted to our PEO in 2024.
     
Total Shareholder Return Amount $ 85.15 78.66 53.61 90.88
Peer Group Total Shareholder Return Amount 186.84 137.02 82.31 128.15
Net Income (Loss) $ (106,000,000) $ (190,000,000) $ (287,000,000) $ (265,000,000)
Company Selected Measure Amount 0.10 0.02 (0.10) (0.06)
PEO Name Mr. Courtemanche      
Measure:: 1        
Pay vs Performance Disclosure        
Name non-GAAP operating margin      
Non-GAAP Measure Description We have identified non-GAAP operating margin as the most important financial performance measure used to link compensation actually paid to our PEO and Non-PEO NEOs to our performance in fiscal year 2024, as this measure was one of the two metrics used to determine payouts to our PEO and Non-PEO NEOs under the 2024 Bonus Program. For further details regarding this determination, please refer to the section below titled “Financial Performance Measures.” Please refer to Appendix A for a discussion of non-GAAP operating margin, as well as a reconciliation of this measure, to the most directly comparable financial measure calculated and presented in accordance with GAAP.      
Measure:: 2        
Pay vs Performance Disclosure        
Name revenue      
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (15,443,030)      
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 9,243,847      
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,468,018      
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,754,018      
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 580,095      
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 0      
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (6,647,912)      
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 5,915,986      
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 324,332      
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 467,721      
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (9,634)      
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ 0