OLO INC. Con solidated Balance Sheets (in thousands, except share and per share amounts) As of December 31, 2021 As of December 31, 2020 ASSETS Current assets: Cash and cash equivalents $ 514,445 $ 75,756 Accounts receivable, net 42,319 45,641 Contract assets 568 356 Deferred contract costs 2,567 1,830 Prepaid expenses and other current assets 5,718 1,661 Total current assets 565,617 125,244 Property and equipment, net 3,304 2,241 Intangible assets, net 19,635 — Goodwill 162,956 — Contract assets, noncurrent 387 503 Deferred contract costs, noncurrent 3,616 3,346 Deferred offering costs — 2,792 Other assets, noncurrent 361 298 Total assets $ 755,876 $ 134,424 LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS’ EQUITY (DEFICIT) Current liabilities: Accounts payable $ 2,184 $ 9,104 Accrued expenses and other current liabilities 45,395 42,578 Unearned revenue 1,190 585 Redeemable convertible preferred stock warrant liability — 19,735 Total current liabilities 48,769 72,002 Unearned revenue, noncurrent 3,014 435 Deferred rent, noncurrent 2,171 2,402 Other liabilities, noncurrent 172 329 Total liabilities 54,126 75,168 Commitments and contingencies (Note 14) Redeemable convertible preferred stock, $0.001 par value, zero and 60,509,120 shares authorized at December 31, 2021 and December 31, 2020 , respectively; zero and 58,962,749 issued and outstanding at December 31, 2021 and December 31, 2020 , respectively — 111,737 Stockholders’ equity (deficit): Class A common stock, $0.001 par value; 1,700,000,000 and zero shares authorized at December 31, 2021 and December 31, 2020 , respectively; 78,550,530 and zero shares issued and outstanding at December 31, 2021 and December 31, 2020 , respectively. Class B common stock, $0.001 par value; 185,000,000 shares authorized at December 31, 2021 and December 31, 2020 , respectively; 79,149,659 and 22,320,286 shares issued and outstanding at December 31, 2021 and December 31, 2020 , respectively 158 22 Preferred stock, $0.001 par value; 20,000,000 and zero shares authorized at December 31, 2021 and December 31, 2020 , respectively — — Additional paid-in capital 813,166 16,798 Accumulated deficit (111,574) (69,301) Total stockholders’ equity (deficit) 701,750 (52,481) Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 755,876 $ 134,424 The acco mpan ying notes are an integral part of these consolidated financial statements. 72