Accolade Investor Presentation Deck
31
Adjusted Gross Margin Reconciliation
($ in thousands)
Fiscal year ended February 28 (29),
Revenue
Less:
Cost of revenue, excluding depreciation and
amortization
Gross Profit, excluding depreciation and
amortization
Add:
Stock-based compensation, cost of revenue
Severance costs, costs of revenue
Adjusted Gross Profit
Gross Margin, excluding depreciation and
amortization
Adjusted Gross Margin
*Please refer to page 29 for important information regarding non-GAAP financial measures
2019
$ 94,811
(60,568)
34,243
255
$ 34,498
36.1%
36.4%
2020
$ 132,507
(73,685)
58,822
318
$ 59,140
44.4%
44.6%
2021
$ 170,358 $ 310,021
(93,673)
76,685
948
$77,633
45.0%
2022
45.6%
(169,019)
141,002
3,197
$ 144,199
45.5%
46.5%
2023
$363,142
(198,905)
164,237
4,794
1,025
170,056
45.2%
46.8%View entire presentation