BLOCK Investment & Profitability Ecosystem Overview
BLOCK
INVESTMENTS & PROFITABILITY
Maintaining discipline around our
investments into our emerging
TIDAL and bitcoin ecosystems
Evaluating investments based on:
->
Team and strategy
->
Product roadmap
->
Business model and growth potential
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%
of 2022 non-GAAP
operating expenses
Represents aggregate expected expenses for emerging initiatives across TIDAL, TBD, bitcoin hardware projects (bitcoin mining, bitcoin wallet). We have not provided the forward-looking
GAAP equivalents for certain forward-looking non-GAAP operating expenses or a GAAP reconciliation as a result of the uncertainty regarding, and the potential variability of, reconciling
items such as share-based compensation expense. Accordingly, a reconciliation of these non-GAAP guidance metrics to their corresponding GAAP equivalents is not available without
unreasonable effort. However, it is important to note that material changes to reconciling items could have a significant effect on future GAAP results.
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