Accolade Investor Presentation Deck

28 Adjusted Gross Margin GAAP to Non-GAAP 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 Adjusted Gross Profit Gross Margin, excluding depreciation and amortization Adjusted Gross Margin 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 (93,673) 76,685 948 $ 77,633 45.0% 45.6% 2022 $ 310,021 (169,019) 141,002 3,197 $ 144,199 45.5% 46.5%

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