monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures Non-GAAP operating loss ($ 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 GAAP sales and marketing Less: Share-based compensation Non-GAAP sales and marketing Q1-22 93,888 2,441 96,329 87% 2% 89% 26,541 7,388 19,153 115,973 7,378 108,595 Q2-22 106,988 2,915 109,903 86% 3% 89% 33,962 9,999 23,963 96,740 10,075 86,665 Q3-22 119,063 2,683 121,746 87% 2% 89% 33,984 7,725 26,259 90,970 8,538 82,432 Q4-22 132,562 2,367 134,929 88% 2% 90% 32,560 7,845 24,715 88,385 7,466 80,919 Q1-23 145,242 1,477 146,719 90% 0% 90% 37,063 8,544 28,519 107,680 5,028 102,652

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