Remitly Results Presentation Deck
26
Non-GAAP Measures
Some of the financial information and data contained in this presentation, such as Adjusted EBITDA and non-GAAP operating expenses, have not been prepared in
accordance with United States generally accepted accounting principles ("GAAP").
We regularly review our key business metrics and non-GAAP financial measures to evaluate our performance, identify trends affecting our business, prepare financial
projections, and make strategic decisions. We believe that these key business metrics and non-GAAP financial measures provide meaningful supplemental information
for management and investors in assessing our historical and future operating performance. Adjusted EBITDA and non-GAAP operating expenses are key output
measures used by our management to evaluate our operating performance, inform future operating plans, and make strategic long-term decisions, including those
relating to operating expenses and the allocation of internal resources. Remitly believes that the use of Adjusted EBITDA and non-GAAP operating expenses provide
additional tools to assess operational performance and trends in, and in comparing Remitly's financial measures with, other similar companies, many of which present
similar non-GAAP financial measures to investors. Remitly's non-GAAP financial measures may be different from non-GAAP financial measures used by other
companies. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, financial measures
determined in accordance with GAAP. Because of the limitations of non-GAAP financial measures, you should consider the non-GAAP financial measures presented
herein in conjunction with Remitly's financial statements and the related notes thereto. Please refer to the non-GAAP reconciliations in this presentation for a
reconciliation of these non-GAAP financial measures to the most comparable financial measure prepared in accordance with GAAP.
We calculate Adjusted EBITDA as net loss adjusted by (i) interest expense, net; (ii) provision for income taxes; (iii) noncash charge of depreciation and amortization;
(iv) other expense (income), net, including gains and losses from the remeasurement of foreign currency assets and liabilities into their functional currency, and (v)
non-cash stock-based compensation expense, net, as well as non-cash charges associated with our donation of common stock in connection with our Pledge 1%
commitment. We calculate non-GAAP operating expenses as our GAAP operating expenses adjusted by (i) non-cash stock-based compensation expense, as well as
(ii) non-cash charges associated with our donation of common stock in connection with our Pledge 1% commitment.
August 2022 / © 2022 Remitly Inc.View entire presentation