Nikola Results Presentation Deck

NIKOLA. PAGE/14 FINANCIAL OVERVIEW (CONTINUED) (in thousands) Assets Current assets Cash and cash equivalents Restricted cash and cash equivalents Accounts receivable, net Inventory Prepaid in-kind services Prepaid expenses and other current assets Total current assets Restricted cash and cash equivalents Long-term deposits Property, plant and equipment, net Intangible assets, net Investment in affiliates Goodwill Other assets Total assets Liabilities and stockholders' equity Current liabilities Accounts payable Accrued expenses and other current liabilities Debt and finance lease liabilities, current Total current liabilities Long-term debt and finance lease liabilities, net of current portion Operating lease liabilities Warrant liability Other long-term liabilities Deferred tax liabilities, net Total liabilities Common stock with embedded put right Stockholders' equity Common stock, par value Additional paid-in capital Accumulated deficit Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities and stockholders' equity Q2 2021 $ 632,694 2,267 18,548 9,776 663,285 16,670 166,367 50,000 63,639 5,238 $ 965,199 $58,064 26,725 84,789 13,491 8,895 10 107,185 13,237 40 1,668,362 (823,629) 4 844,777 $ 965,199 Q3 2021 $ 586,986 3,644 6,041 13,329 610,000 25,078 200,655 97,181 62,370 5,238 $1,000,522 $57,251 170,884 24,963 253,098 428 4,428 34,732 10 292,696 40 1,799,101 (1,091,196) (119) 707,826 $1,000,522 Q4 2021 As of $497,241 11,597 15,891 524,729 25,000 27,620 244,377 97,181 61,778 5,238 3,896 $989,819 $ 86,982 93,487 140 180,609 25,047 2,263 4,284 84,033 11 296,247 41 1,944,341 (1,250,612) (198) 693,572 $989,819 Q1 2022 $360,118 1,339 25,847 31,730 419,034 25,000 33,800 264,121 97,181 62,634 5,238 3,353 $ 910,361 $77,478 105,657 507 183,642 25,045 2,542 4,718 72,231 11 288,189 42 2,025,552 (1,403,553) 131 622,172 $910,361 Q2 2022 $441,765 16,726 52,105 34,802 545,398 87,459 37,740 311,732 95,395 79,726 5,238 4,287 $ 1,166,975 $87,479 156,610 9,518 253,607 273,309 2,349 1,377 37,070 12 567,724 43 2,176,945 (1,576,550) (1,187) 599,251 $ 1,166,975 Q3 2022 $315,731 600 37,662 81,069 51,858 486,920 87,459 37,161 365,049 93,609 76,505 5,238 7,484 $ 1,159,425 $92,511 170,707 14,357 277,575 283,258 5,410 791 28,349 13 595,396 46 2,379,191 (1,812,784) (2,424) 564,029 $ 1,159,425

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