Investor Presentaiton
Non-GAAP Reconciliations ($ in Millions)
Q4 2023
Reconciliation of GAAP to non-GAAP income (loss) from operations
Revenues
Cost of Revenues
Q1 22
$119.3
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
$122.1
$125.4
$132.6
$121.9
$120.4
$129.5
$124.5
$25.7
$25.2
$25.4
$26.7
$27.9
$27.1
$26.7
$28.2
Operating Expenses
$263.6
$1,015.0
$93.9
$299.5
$114.3
$120.0
$128.0
$139.0
GAAP Income (Loss) from Operations
$(170.0)
$(918.1)
$6.1
$(193.7)
$(20.3)
$(26.7)
$(25.2)
$(42.8)
GAAP Operating Margin %
-142%
-752%
5%
-146%
-17%
-22%
-20%
-34%
Share-Based Compensation
$14.4
$15.3
$16.9
$17.0
$17.6
$15.5
$16.8
$19.7
Non-GAAP Income (Loss) from Operations
($155.6)
($902.8)
$23.0
($176.7)
($2.8)
($11.2)
($8.4)
($23.1)
Non-GAAP Operating Margin %
-130%
-740%
18%
-133%
-2%
-9%
-7%
-19%
Digital Asset Impairment Losses, Net of Gains on Sale
$170.1
$917.8
$0.7
$197.6
$18.9
$24.1
$33.6
$39.2
Reconciliation of subscription services revenues to non-GAAP current subscription billings
Q1 22
Q2 22
Q3 22
Q4 22
Q1 23
Q2 23
Q3 23
Q4 23
Current Deferred Subscription Services Revenues
$34.2
$40.3
$38.3
$51.9
$46.7
$49.9
$45.7
$65.5
Subscription Services Revenues
$12.8
$14.0
$16.4
$17.5
$18.8
$19.9
$21.0
$21.5
Change in Current Deferred Subscription Services Revenues
$(1.4)
$6.1
$(2.0)
$13.6
$(5.1)
$3.2
$(4.2)
$19.8
Non-GAAP Current Subscription Billings
$11.4
$20.1
$14.4
$31.1
$13.7
$23.1
$16.8
$41.3
Reconciliation of subscription services revenues to annual subscription billings
FY 2022
FY 2023
Current Deferred Subscription Services Revenues
$51.9
$65.5
Subscription Services Revenues
$60.7
$81.2
Change in Current Deferred Subscription Services Revenues
$16.3
$13.7
Non-GAAP Annual Subscription Billings
$77.0
$94.8
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