monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures Adjusted free cash flow ($ in millions) Net cash used in operating activities Purchase of PP&E Capitalized software development costs Purchases associated with build-out of new corporate headquarters Adjusted free cash flow Adjusted free cash flow margin Q2-20 (13.9) (1) (0.2) 0.1 (15) (41%) Q3-20 (7.2) (0.5) (0.2) 0.1 (7.8) (18%) Q4-20 (10.9) (1.7) (0.6) 1.3 (11.9) (24%) Q1-21 (0.6) (4.2) (0.5) 3.7 (1.6) (3%) Q2-21 (0.4) (1.4) (0.7) 1 (1.5) (2%)

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