Squarespace Investor Day Presentation Deck
INVESTOR DAY
GAAP VS. NON-GAAP RECONCILIATION
(IN THOUSANDS)
Net Income/(Loss)
Add-back: Interest
Add-back: Provision for Income
Taxes
Add-back: Amortization and
Depreciation
Add-back: Stock-Based
Compensation
Add-back: Other Income
Add-back: Special Bonus
Add-back: Direct Listing Costs
Adjusted EBITDA
Margin
Cash from Operating Activities
Capex
Free cash flow
Cash net of interest
Unlevered free cash flow
Margin
SQUARESPACE
Q1 2018
$1,740
73
288
2,687
1,236
523
0
0
$6,547
7%
$44,617
-8,352
36.265
60
$36,325
40%
Q2 2018 Q3 2018
$21,371
55
6,708
2,853
1,429
(1,310)
0
0
$31,106
32%
$16,272
-5,078
11,193
47
$11,240
12%
$18,451
33
5.502
3,222
2,404
(352)
0
0
$29,260
29%
$30,716
-8,489
22,227
30
$22,257
22%
Q4 2018
$1,561
12
1.594
3,969
1,949
(1,493)
0
0
$7,592
7%
$20,313
-7,244
13,070
13
$13,083
12%
Q1 2019
$5,153
1
1,668
3,665
2,510
(1,294)
0
0
$11,703
11%
$45,101
-2,218
42,883
2
$42,886
39%
Q2 2019
$21,310
118
7,107
4,387
4,243
(47)
0
0
$37,118
32%
$30,098
-528
29,570
0
$29,570
25%
Q3 2019
$18,406
157
6,919
4,701
5,212
(4,931)
0
0
$30,464
24%
$33,065
-4,241
28,824
0
$28,824
23%
All quarterly data unaudited. Amounts may not sum due to rounding.
Q4 2019
$13,283
804
(9,771)
5,556
6,010
2,457
0
0
$18,339
14%
($5,931)
-1,230
-7,162
453
-$6,709
-5%
Q1 2020
($10,132)
3,130
(4,142)
5,637
7,902
(1,205)
0
0
$1,190
1%
$52,469
-1.274
51,195
2,169
$53,364
39%
Q2 2020
$18,539
2,456
4,372
5,551
7,268
1,319
0
0
$39,505
26%
$46,445
-944
45,501
1,769
$47,270
32%
Q3 2020
$17,924
2,460
3.917
5,171
7,653
3,488
0
0
$40,613
25%
$44,853
-1,420
43,433
1,761
$45,194
28%
Q4 2020
$4,257
1,997
(12,236)
5,344
8,431
4,076
23,489
$35,358
21%
$6,263
-1,074
5,189
1,422
$6,611
4%
Q1 2021
($1,146)
3,260
(5,782)
8,506
9,852
(3,593)
0
0
$11,097
6%
$50,131
-657
49,474
2,308
$51,782
29%
Q2 2021
($234,532)
2,827
(10,413)
7,726
250,513
1,201
0
25,318
$42,640
22%
$8,692
-1,758
6,934
3,320
$10,254
5%
Q3 2021
$2,839
2,491
3,756
7,674
23,734
(2,101)
0
0
$38,393
19%
$49,344
-4,329
45,015
2,236
$47,251
24%
2018
$43,123
173
14,092
12,732
7,019
(2,633)
0
0
$74,506
19%
$111,917
(29,163)
82,754
150
$82,904
21%
2019
$58,151
1,080
5.922
18,309
17,975
(3,815)
0
0
$97,623
20%
November 2021
$102,334
(8,218)
94,116
455
$94,571
20%
2020
$30,588 ($232,839)
10,043
8,578
(8,089)
21,703
31,254
7,678
23,489
0
$116,666
19%
YTD 2021
$150,030
(4,712)
145,318
7,121
$152,439
25%
(12,439)
23,906
284,099
(4,493)
0
25,318
$92,130
16%
$108,167
(6,744)
101,423
7,864
$109,287
19%
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