monday.com Investor Presentation Deck

Operating leverage while investing in growth Quarterly Expenses as a % of revenue* (14%) 79% 16% 9% Q2-21 (11%) 73% 17% 11% Q3-21 (10%) 73% 16% 12% Q4-21 (40%) *Non-GAAP financial measures, see Appendix. 100% 18% 11% Q1-22 Operating Margin* (12%) 70% 19% 12% Q2-22 S&M as % of Revenue* Annual Expenses as a % of revenue* R&D as % of Revenue* (91%) 148% 20% 9% FY-19 (53%) 113% 19% 9% FY-20 G&A as % of Revenue* (17%) 79% 17% 11% FY-21

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