Price 36.

71
Shares 1,260 Q122
MC 46,255
Cash 7,247 Q122
Debt 912 Q122
EV 39,919
Main
Q120 Q220 Q320 Q420 Q121 Q221 Q321
GMV 37,347

Subscription 196 245 279 321 334 336

Merchant 518 522 698 668 785 788
Revenue 714 767 978 989 1,119 1,124
COGS 339 362 473 430 499 515
Gross Margin 375 405 504 559 621 609
S&M 145 148 155 186 202 238
R&D 133 143 159 176 184 221
G&A 83 52 65 67 78 129
Transaction/Loan Losses 13 12 13 11 18 25
Operating Expenses 375 355 392 440 481 613
Operating Income 0 51 113 119 139 -4
Interest 2
Pretax 121
Taxes 0
Net Income 121
EPS 0.95
Shares 127

Revenue Growth 57% 46%

GMV Growth
Gross Margin 57%
Q421 Q122 Q222 Q322 Q422
43,200

351 345
1,029 859
1,380 1,204
687 566
693 638
275 303
273 304
101 108
28 20
678 736
15 -98
5
-93
0
-93
-0.74
126

41% 22%
16%
53%