monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures Free cash flow ($ in millions) Net cash provided by (used in) operating activities Purchase of PP&E Capitalized software development costs Free cash flow Free cash flow margin Q2-22 (14.1) (4.5) (0.7) (19.3) (16%) Q3-22 20.0 (5.3) (0.7) 14.0 10% Q4-22 34.1 (3.8) (0.7) 29.7 20% Q1-23 42.7 (3.6) (0.4) 38.7 24% Q2-23 47.6 (1.1) (0.6) 45.9 26%

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