monday.com Investor Presentation Deck

Reconciliation of non-GAAP financial measures Adjusted free cash flow (cont.) ($ in millions) Net cash provided by (used in) operating activities Purchase of PP&E Capitalized software development costs Purchase of build-out of new corporate headquarters Adjusted free cash flow Adjusted free cash flow margin Q2-21 (0.4) (1.4) (0.7) 1 (1.5) (2%) Q3-21 3.8 (3) (0.6) 2.7 2.9 3% Q4-21 13.5 (3) (0.4) 10.1 11% Q1-22 (12.9) (2.4) (0.9) (16.2) (15%) Q2-22 (14.1) (4.5) (0.7) (19.3) (16%)

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