BTRS Holdings Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 10 months to Dec 31, 2019
Revenues:
Subscription, transaction, and services
Reimbursable costs
Total revenues
Cost of revenues:
Cost of subscription, transaction, and services
Cost of reimbursable costs
Total cost of revenues, excluding depreciation and amortization
Operating expenses:
Research and development
Sales and marketing
General and administrative
Depreciation and amortization
Total operating expenses
Loss from operations
Interest income
Common Stock Subject to Possible Redemption
Total interest income
Interest expense and loss on extinguishment of debt
Change in fair value of financial instruments and other expense
Total other expense
Loss before income taxes
Income tax expense (benefit)
Net loss
Non-Redeemable Class A and B Common Stock
Total net loss
Weighted average shares outstanding, basic and diluted (in shares)
Common Stock Subject to Possible Redemption
Non-Redeemable Class A and B Common Stock
Total weighted average shares outstanding, basic and diluted (in shares)
Basic and diluted net loss per common share (in dollars per share)
Common Stock Subject to Possible Redemption
Non-Redeemable Class A and B Common Stock
Total basic and diluted net loss per common share (in dollars per share)
Net loss per common share, basic (in USD per share)
Net loss per common share, diluted (in USD per share)
Weighted average common shares outstanding, basic (in shares)
Weighted average common shares outstanding, diluted (in shares)

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