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      "text": "1 Total revenue for the 12 months ended December 31, 2022.\n2For the Fiscal Quarter ended December 31, 2022.\n3Core revenue defined as revenue derived from subscriptions and transactions.\n4Non-GAAP gross margin is a non-GAAP metric. See Appendix for reconciliation to GAAP.\n5Statistics for the Fiscal Year ended June 30, 2022.\n6Core revenue from BILL customers who were acquired prior to the start of the fiscal year 2022.\n7Data for LTM ended June 30, 2022. Calculated by dividing total current period revenue by total prior period revenue. Excludes impact from Divvy and Invoice2go.\n8Data for customers acquired during FY2021. Defined as the number of quarters it takes for the cumulative non-GAAP gross profit earned from BILL customers acquired during a given quarter to exceed total sales\nand marketing spend in that same quarter, excluding customers acquired through financial institutions and the related sales and marketing spend.",
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