Affirm Investor Day Presentation Deck
Reconciliation of Non-GAAP Financial Measures
Operating Income (Loss)
Less: Depreciation and Amortization
Less: Stock-Based Compensation
Less: Enterprise warrant and share-based expense
Less: Restructuring
Less: Other Costs¹
Adjusted Operating Income (Loss) (Non-GAAP)
Divided By: Total Revenue
Adjusted Operating Margin (Non-GAAP)
AFFIRM | 2023
Reconciliation of Adjusted Operating Income (Loss) to Operating Income (Loss) ($M, except %)
FY 2021
(384)
20
293
65
21
14
870
2%
1Other costs consist of expenses incurred in the period associated with the Company's initial public offering, acquisitions, impairment charges, restructuring and exit and disposal costs
2 Metrics are unaudited.
FY 2022
(866)
53
391
343
1
(78)
1,349
(6)%
FY 2023
(1,201)
133
452
499
36
9
(72)
1,588
(5)%
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