Nikola Results Presentation Deck

20 PAGE NIKOLA RECONCILIATION TO NON-GAAP MEASURES In Thousands Except share and per share data Net Loss attributable to common stockholders Stock-based compensation Premium paid on repurchase of redeemable convertible preferred stock Revaluation of warrant liability Revaluation of derivative liability Regulatory and legal matters Impairment expense SEC settlement Non-GAAP net loss Non-GAAP net loss per share, basic Non-GAAP net loss per share, diluted Weighted average shares outstanding, basic Weighted average shares outstanding, diluted Q4 2021 ($159,416) 53,728 (144) 215 12,185 ($93,432) ($0.23) ($0.23) 407,448,311 407,448,311 Q4 2020 ($142,236) 46,255 (4,860) 19,510 14,415 ($66,916) ($0.17) ($0.17) 385,983,645 386,323,048 FY 2021 ($690,438) 205,711 (3,051) (104) 47,842 125,000 ($315,040) ($0.79) ($0.79) 398,655,081 398,784,392 FY 2020 ($384,273) 137,991 13,407 (13,448) 24,683 14,415 ($207,225) ($0.62) ($0.62) 335,325,271 335,831,033

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