monday.com Investor Day Presentation Deck

Reconciliation of non-GAAP financial measures Non-GAAP operating loss (cont.) ($ in thousands) Reconciliation of operating expenses (cont.): GAAP general and administrative Less: Share-based compensation Non-GAAP general and administrative Reconciliation of operating loss and margin: GAAP operating loss Add: Share-based compensation Non-GAAP operating loss GAAP operating margin Non-GAAP adjustments Non-GAAP operating margin FY-19 15,458 8,190 7,268 (92,518) 21,839 (70,679) (118%) 27% (91%) FY-20 54,339 39,415 14,924 (150,537) 64,345 (86,192) (93%) 40% (53%) FY-21 53,493 20,934 32,559 (126,125) 73,529 (52,596) (41%) 24% (17%) FY-22 85,401 28,100 57,301 (152,015) 104,920 (47,095) (29%) 20% (9%) 11.monday.com

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