Nikola Results Presentation Deck

NIKOLA. PAGE 1 20 RECONCILIATION TO NON-GAAP MEASURES In Thousands Except share and per share data Net Loss Stock-based compensation Revaluation of financial instruments Regulatory and legal matters Legal loss contingency 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 Q1 2021 ($120,224) 50,266 (951) 14,866 ($56,043) ($0.14) ($0.14) 392,189,851 Q2 2021 ($143,231) 52,670 2,511 11,019 ($77,031) ($0.20) ($0.20) 394,577,711 392,489,761 394,577,711 Q3 2021 ($267,567) 49,047 (4,786) 9,771 125,000 ($88,535) ($0.22) ($0.22) 400,219,585 Q4 2021 ($159,416) 53,728 71 12,185 ($93,432) ($0.23) ($0.23) Q1 2022 ($152,941) 53,528 (3) 14,122 ($85,294) ($0.21) ($0.21) Q2 2022 ($172,997) 54,841 196 12,970 ($104,990) ($0.25) ($0.25) 407,448,311 415,152,656 425,323,391 400,230,669 407,448,311 415,152,656 425,323,391

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