Affirm Investor Event Presentation Deck
Use of Non-GAAP Financial Measures
To supplement our condensed consolidated financial statements, which are prepared and presented in accordance with
generally accepted accounting principles in the United States ("GAAP"), we present the following non-GAAP financial measures,
including revenue less transaction costs, revenue less transaction costs as a percentage of GMV, adjusted operating loss and
adjusted operating margin. We also present certain operating expenses on a non-GAAP basis, as well as those non-GAAP
operating expenses as a percentage of GAAP total revenue. Reconciliations of each non-GAAP financial measure with the most
directly comparable GAAP financial measure can be found in our earnings supplement slide deck, which is available on our
Investor Relations website. Our management uses these non-GAAP financial measures in conjunction with financial measures
prepared in accordance with GAAP for planning purposes, including the preparation of our annual operating budget, as a
measure of our operating results and the effectiveness of our business strategy, and in evaluating our financial performance.
However, non-GAAP financial information is presented for supplemental informational purposes only, and our use of these
non-GAAP financial measures has limitations as an analytical tool. Accordingly, you should not consider these non-GAAP financial
measures in isolation or as substitutes for analysis of our financial results as reported under GAAP, and these non-GAAP measures
should be considered along with other operating and financial performance measures presented in accordance with GAAP.
Investors are encouraged to review the related GAAP financial measures and the reconciliations of these non-GAAP financial
measures to their most directly comparable GAAP financial measures and not rely on any single financial measure to evaluate our
business.
AFFIRM I 2023
affirm
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