Investor Presentaiton
Total revenue
Net income (loss)
Net Income (Loss) Margin
Reconciliation of non-GAAP financial measures
(in thousands, except ratios)
2022
Three Months Ended
March 31,
$ 310,136
32,692
11 %
Adjusted to exclude the following:
Stock-based compensation and certain payroll tax expenses(1)
Depreciation and amortization
$ 25,929
2,781
Reorganization expenses
Expense on convertible notes
Provision for income taxes
Adjusted EBITDA
Adjusted EBITDA Margin
1,169
19
$ 62.590
20 %
2023
$ 102,927
(129,254)
(126) %
$ 75,026
6,441
15,536
1,174
16
$ (31.061)
(30) %
(1) Payroll tax expenses include the employer payroll tax-related expense on employee stock transactions, as the amount is dependent on our stock price and other
factors that are beyond our control and do not correlate to the operation of our business.
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