COMPANY PROFILE

Block, Inc. is Square, Cash App, Spiral, TIDAL, TBD54566975, and our foundational teams such as Counsel, Finance, and People that provide guidance at the corporate level. These are our building blocks, united by our shared purpose of economic empowerment. We’re creating tools to help expand access to the economy.

Square helps sellers more easily run and grow their businesses with its integrated ecosystem of commerce solutions, business software, and banking services.

Cash App is focused on redefining the world’s relationship with money by making it more relatable, instantly available, and universally accessible.

Spiral (formerly Square Crypto) builds and funds free, open-source projects that advance the use of Bitcoin as a tool for economic empowerment.

TIDAL is a global platform for musicians and their fans that uses unique content, experiences, and services to bring fans closer to the artists they love and give artists the tools to succeed as entrepreneurs.

TBD54566975 is building an open developer platform to make it easier to access Bitcoin and other blockchain technologies without having to go through an institution.

Together, we’re working to help our diverse audiences — sellers, individuals, artists, fans, developers, and all the people in between — overcome barriers to access the economy.

Style Factor Benefits

• 96% highest 3 year revenue growth (CAGR)

• 94% high acceleration of 1 year sales growth versus 3 year average sales growth

• 80% high % change in estimated sales, last 4 weeks

• 95% high sales surprise last quarter

• 84% attractive mean reversion opportunities, a proprietary screen

• 94% furthest from consensus analyst target prices

• 96% high 1 year sales growth

12/28/21 Update:

Square, now Block used to be a simple company with a simple, important, noble mission. It’s become much more complex and diverse since the ipo as they roll-out more and more bolt-on services for their current client base. The payment processing space is wildly competitive and crowded and Square has plenty of growth opportunities outside the U.S. Their global expansion is just beginning so I expect good things over time in this segment of the business. CashApp also has hella strong growth opportunities as it becomes more of a super-app for consumers. The new initiatives towards defi and crypto are a bit of a stretch for this business imo and what they will build and how they will monetize it are more of a mystery to me. This makes the risk profile more aggressive with the potential for big spending and little earnings and revenues near-term. Clearly crypto en masse is a potential large and untapped opportunity and I’m absolutely NOT the person to invest in these potential trends so I’m happy to turn them over to highly intelligent, connected experts to execute. There’s an asymmetric risk/reward now embedded inside the SQ stock so its weight in the Dynamic strategy is less than it once was given the higher risk profile of the business transition.