monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures ($ in thousands) Reconciliation of gross profit: GAAP gross profit Add: Share-based compensation Non-GAAP gross profit Reconciliation of gross margin: GAAP gross margin Non-GAAP adjustments Non-GAAP gross margin Reconciliation of operating expenses: GAAP research and development Less: Share-based compensation Non-GAAP research and development FY-19 66,111 970 67,081 85% 1% 86% 24,637 9,396 15,241 FY-20 138,635 2,720 141,355 86% 2% 88% 43,480 12,142 31,338 Q1-21 51,048 1,531 52,579 87% 2% 89% 15,581 4,537 11,044 Q2-21 61,507 1,833 63,340 87% 3% 90% 16,271 5,068 11,203 Q3-21 72,805 2,107 74,912 88% 2% 90% 19,875 5,620 14,255

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