Affirm Investor Day Presentation Deck
Reconciliation of Non-GAAP Financial Measures
Total Operating Expenses
Less: Transaction Costs (Non-GAAP)
Less: Depreciation and Amortization
Less: Stock-Based Compensation¹
Less: Enterprise Warrant and Share-Based Expense
Less: Restructuring
2
Less: Other Costs
1
AFFIRM | 2023
Adjusted Other Operating Expenses (Non-GAAP)
Divided By: Total Revenue
Adjusted Other Operating Expenses as a % of Revenue (Non-GAAP)
Reconciliation of Adjusted Other Operating Expenses to Total Operating Expenses ($M, except %)
FY 2021
FY 2022
FY 2023
1,254
(439)
(20)
(290)
(65)
(21)
420
870
48%
¹ Excludes depreciation and amortization and stock-based compensation expense included in processing and servicing, as this is adjusted for by excluding transaction costs.
2 Other costs consist of expenses incurred in the period associated with the Company's initial public offering, acquisitions, impairment charges, restructuring and exit and disposal costs
3 Metrics are unaudited.
2,215
(687)
(52)
(389)
(343)
(1)
744
1,349
55%
2,789
(912)
(133)
(447)
(499)
(36)
(9)
753
1,588
47%
affirm)
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