monday.com Investor Presentation Deck

Operating leverage while investing in growth Quarterly expenses as a % of revenue (12%) 70% 19% 12% Q2-22 (2%) 60% 19% 11% Q3-22 10% 54% 16% 10% Q4-22 (0%) Note: Non-GAAP financial measures, see Appendix. 63% 18% 10% Q1-23 9% 56% 16% 8% Q2-23 Operating margin S&M as % of revenue Annual expenses as a % of revenue (53%) 113% 19% 9% FY-20 R&D as % of revenue (17%) 79% 17% 11% FY-21 G&A as % of revenue (9%) 69% 18% 11% FY-22

View entire presentation