• Procore Technologies average gross margin for 2023 was 80.73%, a 1.52% increase from 2022.
• Procore Technologies average gross margin for 2022 was 79.52%, a 2.29% increase from 2021.
• Procore Technologies average gross margin for 2021 was 81.38%, a 0.51% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.