2022 Olo Inc. All rights reserved. 17 26% 28% 30% 30% 10% 14% Q1 2021 Q1 2022 20% 17% 20% 26% 49% 41% 32% 32% 12% 12% 8% 10% 2018 2019 2020 2021 82% Attractive Operating Model 70% 60% 68% 66% 72% As of 3/31/2022. Chart depicts operating leverage, which is measured using adjusted operating expenses for the sum of R&D, S&M and G&A as a pe rce ntage of revenue. *Certain figures are non - GAAP financial measures. Please see the explanation of non - GAAP measures as well as the non - GAAP reconc iliation in the appendix. Efficient Revenue Acquisition Enables Scalable Operating Leverage* G&A R&D S&M