Nikola Results Presentation Deck

NIKOLA. PAGE/18 RECONCILIATION TO NON-GAAP MEASURES In Thousands Except share and per share data Net Loss Stock-based compensation Revaluation of warrant liability Revaluation of derivative liability Regulatory and legal matters 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 2022 ($152,941) 53,528 434 (437) 14,122 ($85,294) ($0.21) ($0.21) 415,152,656 415,152,656 Q1 2021 ($120,224) 50,266 (951) 14,866 ($56,043) ($0.14) ($0.14) 392,189,851 392,489,761

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