MoneyLion Results Presentation Deck
Footnotes
(1) Adjusted Revenue is a non-GAAP measure and is defined as total revenues, net plus amortization of loan origination costs less provision for loss on membership receivables, provision for loss on fees receivables, revenue
derived from phased out products and non-operating income.
(2) Adjusted Gross Profit is a non-GAAP measure and is defined as gross profit less revenue derived from phased out products and non-operating income.
(3) Total Customers is the cumulative number of customers that have opened at least one account, including banking, membership subscription, secured personal loan, Instacash advance, managed investment account,
cryptocurrency account or affiliate product.
(4) Total Originations is the dollar volume of the secured personal loans originated and Instacash advances funded within the stated period.
(5) Total Products is the total number of products that our Total Customers have opened including banking, membership subscription, secured personal loan, Instacash advance, managed investment account, cryptocurrency
account, affiliate product, or signed up for our financial tracking services (with either credit tracking enabled or external linked accounts), whether or not the customer is still registered for the product. If a customer has funded
multiple secured personal loans or Instacash advances, it is only counted once for each product type.
(6) Adjusted Net Income (Loss) is a non-GAAP measure and is defined as net income (loss) plus change in fair value of warrants, change in fair value of subordinated convertible notes, change in fair value of contingent
consideration from mergers and acquisitions, stock-based compensation, one-time transaction related expenses and other one-time expenses less origination financing cost of capital.
(7) Adjusted EBITDA is a non-GAAP measure and is defined as net income (loss) plus depreciation and amortization, interest expense related to corporate debt, change in fair value of warrants, change in fair value of subordinated
convertible notes, change in fair value of contingent consideration from mergers and acquisitions, stock-based compensation, one-time transaction related expenses and other one-time expenses less origination financing cost
of capital.
(8) Provision as a % of Originations is defined as provision for loss on finance receivables for the period divided by total originations for the period.
Q4 & FY 2021 Earnings
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