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      "text": "Proprietary and Confidential. © 2024 ZipRecruiter, Inc. All Rights Reserved.",
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      "text": "RECONCILIATION OF GAAP NET INCOME (LOSS) TO ADJUSTED EBITDA (in thousands, except Adjusted EBITDA margin data) FY2019 FY2020 Q1'21 Q2'21 Q3'21 Q4'21 FY2021 Q1'22 Q2'22 Q3'22 Q4'22 FY2022 Q1'23 Q2'23 Q3'23 Q4'23 FY2023 GAAP net income (loss) ($6,349) $86,048 $13,398 ($52,847) $22,060 $20,989 $3,600 $8,417 $13,110 $20,556 $19,411 $61,494 $5,011 $14,380 $24,076 $5,631 $49,098 Stock-based compensation 6,740 5,752 1,226 64,366 22,033 19,633 107,258 20,494 17,660 19,324 19,478 76,956 21,571 17,639 19,095 25,930 84,235 Depreciation and amortization 8,944 9,949 2,302 2,233 2,464 2,464 9,463 2,485 2,637 2,867 2,693 10,682 2,731 3,109 2,619 3,165 11,624 Interest expense 575 1,037 209 266 221 220 916 6,285 7,511 7,361 7,341 28,498 7,341 7,346 7,351 7,355 29,393 Other (income) expense, net (1,132) (942) (386) 181 154 19 (32) 25 (36) (321) (5,022) (5,354) (5,022) (5,014) (4,695) (5,775) (20,506) Income tax expense (benefit) 588 (21,711) 3,245 (15,917) (4,467) 4,263 (12,876) (503) 4,512 1,875 6,706 12,590 3,630 5,812 5,934 6,076 21,452 Adjusted EBITDA $9,366 $80,133 $19,994 ($1,718) $42,465 $47,588 $108,329 $37,203 $45,394 $51,662 $50,607 $184,866 $35,262 $43,272 $54,380 $42,382 $175,296 Adjusted EBITDA margin 2% 19% 16% -1% 20% 22% 15% 16% 19% 23% 24% 20% 19% 25% 35% 31% 27%",
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