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MNDY

monday.com Ltd.

MNDY

monday.com Ltd. • NASDAQ
$143.86 ▼ -0.77% (-1.11)
Market Cap $7.36 B
52w High $342.64
52w Low $141.58
Dividend Yield 0%
P/E 117.92
Volume 715.40K
Outstanding Shares 51.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $316.855M ▲ $283.445M ▲ $13.052M ▲ 4.119% ▲ $0.25 ▲ $16.884M ▲
Q2-2025 $299.014M ▲ $279.392M ▲ $1.573M ▼ 0.526% ▼ $0.031 ▼ $-8.176M ▼
Q1-2025 $282.25M ▲ $243.649M ▲ $27.425M ▲ 9.717% ▲ $0.54 ▲ $13.046M ▲
Q4-2024 $267.976M ▲ $227.878M ▼ $23.005M ▲ 8.585% ▲ $0.45 ▲ $12.796M ▲
Q3-2024 $251M $252.43M $-12.026M -4.791% $-0.24 $-24.197M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.739B ▲ $2.059B ▲ $791.327M ▲ $1.267B ▲
Q2-2025 $1.651B ▲ $1.964B ▲ $771.593M ▲ $1.192B ▲
Q1-2025 $1.588B ▲ $1.846B ▲ $745.031M ▲ $1.101B ▲
Q4-2024 $1.462B ▲ $1.686B ▲ $655.277M ▲ $1.03B ▲
Q3-2024 $1.388B $1.585B $613.993M $971.117M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.052M ▲ $95.144M ▲ $-154.455M ▼ $-3.958M ▼ $-63.269M ▼ $90.219M ▲
Q2-2025 $1.573M ▼ $66.837M ▼ $-6.808M ▲ $2.881M ▼ $62.91M ▼ $60.029M ▼
Q1-2025 $27.425M ▲ $111.97M ▲ $-14.515M ▼ $18.548M ▲ $116.003M ▲ $107.504M ▲
Q4-2024 $23.005M ▲ $76.711M ▼ $-10.008M ▲ $7.744M ▼ $74.447M ▲ $72.703M ▼
Q3-2024 $-12.026M $86.605M $-53.763M $14.071M $46.913M $82.412M

Five-Year Company Overview

Income Statement

Income Statement Revenue has been climbing quickly year after year, and the core software business enjoys strong gross margins. Losses at the operating level have been shrinking steadily, with profitability metrics improving each year. The company has recently crossed into modest profitability after several years of sizable losses, which shows operating leverage kicking in as it scales. That said, the track record is still relatively short, and past losses highlight that this is still a growth-oriented business that likely depends on continued expansion to sustain its improved margins.

Balance Sheet

Balance Sheet The balance sheet looks conservative and resilient. The company holds a large cash balance relative to its size, with very little debt. Equity has moved from negative to clearly positive over the last few years, reflecting accumulated improvements in results and capital raised since the IPO. Overall, the business appears well-capitalized, with a healthy cushion to absorb shocks and keep funding product development and go-to-market efforts without relying heavily on borrowing.

Cash Flow

Cash Flow Cash flow has improved meaningfully. The company moved from burning cash to generating cash from its operations and now produces positive free cash flow. Capital spending needs are modest, which helps most of the cash from operations drop through to free cash flow. This shift from cash consumption to cash generation reduces financial risk and gives management more flexibility to invest in growth initiatives or weather slowdowns without immediate external funding needs.

Competitive Edge

Competitive Edge monday.com competes in a crowded work management and collaboration market, facing players like Asana, Trello, Smartsheet, and parts of the Salesforce and Microsoft ecosystems. Its main differentiator is the flexible “Work OS” concept: a single platform that can be adapted to many use cases across departments, rather than a narrow project tool. Low-code and no-code customization, plus a large library of integrations, make it sticky once embedded in a company’s workflows. As more teams adopt it inside a customer, switching becomes harder, creating internal network effects. The flip side is ongoing pressure to keep innovating as rivals add similar features and large platforms bundle adjacent tools at scale.

Innovation and R&D

Innovation and R&D Innovation is a central part of monday.com’s strategy. The low-code/no-code “building block” approach, backed by its own flexible database architecture, lets both non-technical users and developers shape the product to their needs. The company is leaning heavily into AI, with plans for plain-language workflow creation, AI-assisted app building, and context-aware “assistant” features that move from just organizing work to actually helping execute it. If successful, this could deepen its moat and expand its role inside customers. The risk is that AI features are becoming common across software tools, so execution quality, usability, and real business impact will matter more than the buzzwords.

Summary

monday.com is a fast-growing software platform that has transitioned from heavy losses toward consistent profitability, all while maintaining strong gross margins and turning cash-flow positive. Its balance sheet is cash-rich with minimal debt, giving it room to keep investing through cycles. Competitively, it stands out through flexibility, ease of customization, and strong integration with other tools, which together create meaningful switching costs once embedded in an organization. The company is clearly betting on AI and low-code as long-term differentiators. Key things to watch include its ability to sustain growth as it matures, defend its positioning against well-funded rivals, and turn ambitious AI plans into everyday tools that customers rely on without eroding its improving profitability.

NEWS

November 25, 2025 · 10:00 AM UTC

monday.com Named Official Global Work Management Partner of Bonds Flying Roos

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November 10, 2025 · 7:00 AM UTC

monday.com Announces Third Quarter 2025 Results

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October 31, 2025 · 12:23 PM UTC

monday.com Named a Leader in the 2025 Gartner® Magic Quadrant™ for Collaborative Work Management for the Third Consecutive Year

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October 22, 2025 · 8:57 AM UTC

monday.com to Announce Third Quarter 2025 Financial Results on Monday, November 10, 2025

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September 23, 2025 · 9:00 AM UTC

monday.com Named a Leader in the 2025 Gartner® Magic Quadrant™ for Adaptive Project Management and Reporting for the Fourth Consecutive Year

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