Affirm Investor Day Presentation Deck
Reconciliation of non-GAAP financial measures
Total Operating Expenses
Less: Transaction Costs (Non-GAAP)
Less: Depreciation and Amortization
Less: Stock-Based Compensation¹
Less: Amortization of Shopify Commercial Agreement Asset
Less: Other Costs²
Adjusted Other Operating Expenses (Non-GAAP)
Divided By: Total Revenue
Adjusted Other Operating Expenses as a % of Revenue (Non-GAAP)
Reconciliation of Adjusted Other Operating Expenses to
Total Operating Expenses (SM, except %)
FY 2020
617
(349)
(9)
(30)
229
510
45%
FY 2021
1,250
(439)
(20)
(286)
(65)
(21)
415
870
48%
1. Excludes stock-based compensation expense included in processing and servicing, as this is adjusted for by excluding transaction costs.
2. Other consists of one-time expenses incurred in the period associated with the Company's initial public offering, its strategic acquisitions, and impairment of right of use assets.
Metrics are unaudited.
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