Q1 2021 Business Update

0 Appendix A Reconciliation of Gross Profit to Adjusted Gross Profit and Adjusted Gross Margin [Excluding Stock-Based Compensation] Adjusted gross margin is calculated as adjusted gross profit divided by revenue. ($ THOUSANDS) Gross Profit Add: Stock-Based Compensation Adjusted Gross Profit Adjusted Gross Margin Q1 2020 Q1 2021 $ 165,033 $ 267,123 $ 8,068 $ 15,977 $ 173,101 $ 283,100 75% 83%

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