• Procore Technologies average return on tangible equity for 2023 was -56.49, a 2.47% decline from 2022.
• Procore Technologies average return on tangible equity for 2022 was -55.13, a 8.91% increase from 2021.
• Procore Technologies average return on tangible equity for 2021 was -50.62, a 61.38% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.