monday.com Ltd. (MNDY)
monday.com Ltd., along with its affiliated entities, designs and provides software solutions for a global market, spanning the United States, Europe, the Middle East, Africa, and other international regions. Its flagship offering is Work OS, an intuitive cloud-native visual work operating system constructed from configurable modules. This platform empowers users to assemble bespoke software applications and effective work management tools. The company further supplies dedicated product solutions catering to various functions, including marketing, customer relationship management (CRM), project coordination, and software engineering. Additionally, monday.com delivers comprehensive business development, presales, and customer support services. Its client base is broad, encompassing diverse organizations, educational and governmental institutions, and specific business divisions within larger enterprises. Founded in 2012, the firm was initially known as DaPulse Labs Ltd. before rebranding to monday.com Ltd. in November 2017. It maintains its corporate headquarters in Tel Aviv-Yafo, Israel.
Sector: Services-Prepackaged Software
Industry: Software - Application
monday.com Ltd.
NASDAQ:MNDYTechnology · Software - Application
-4.32%$84.14
Prev close$87.93-5.61%Open$83.00+1.37%Now$84.14
Mkt Cap$3.56B
Float43.96M
O/S42.27M
VOL1.01M sh
$ Vol$83.23M
RVOL0.91×
Inst Own76.9%
SI12.2%
Dilution
Financials Summary
Revenue$1.23B
Net Income$118.74M
Total Assets$2.11B
Free Cash Flow$309.9M
Debt & Equity
Debt 20%
Equity 80%
Total Debt$311.71M
Total Equity$1.25B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in MNDY's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$2.11B
Liabilities$859.76M
Accounts Receivable$30.55M
Accounts Payable$45M
Inventory$0
PP&E (Net)$203.04M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $1.23B | $972M | $729.7M | $519.03M | $308.15M | $161.12M | $78.09M |
| YoY Growth | 26.7% | 33.2% | 40.6% | 68.4% | 91.3% | 106.3% | - |
| Cost of Revenue | $133.1M | $103.69M | $80.64M | $66.53M | $39.01M | $22.49M | $11.98M |
| Gross Profit | $1.1B | $868.3M | $649.05M | $452.5M | $269.14M | $138.63M | $66.11M |
| Gross Margin | 89.2% | 89.3% | 88.9% | 87.2% | 87.3% | 86.0% | 84.7% |
| Research and Development | $320.8M | $213.71M | $156.5M | $127.05M | $73.69M | $43.48M | $24.64M |
| Selling, General, and Administrative | $779.85M | $675.63M | $531.13M | $477.47M | $321.58M | $245.69M | $133.99M |
| Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | $1.1B | $889.34M | $687.63M | $604.52M | $395.26M | $289.17M | $158.63M |
| Operating Income (EBIT) | -$1.75M | -$21.03M | -$38.59M | -$152.01M | -$126.13M | -$150.54M | -$92.52M |
| Operating Margin | -0.1% | -2.2% | -5.3% | -29.3% | -40.9% | -93.4% | -118.5% |
| Interest Expense | $0 | $0 | $443K | $792K | $971K | $1.01M | $769K |
| Interest Income | $65.03M | $55.5M | $41.99M | $18.66M | $875K | $1.04M | $2.24M |
| Other Income (Expense) | $61.06M | $55.5M | $41.91M | $22.55M | -$838K | $526K | $1.59M |
| Income Before Tax (EBT) | $59.32M | $34.47M | $3.33M | -$129.46M | -$126.96M | -$150.01M | -$90.93M |
| Income Tax Expense | -$59.42M | $2.09M | $5.2M | $7.41M | $2.33M | $2.19M | $683K |
| Net Income | $118.74M | $32.37M | -$1.88M | -$136.87M | -$129.29M | -$152.2M | -$91.61M |
| Net Income Margin | 9.6% | 3.3% | -0.3% | -26.4% | -42.0% | -94.5% | -117.3% |
| Supplementary Data | |||||||
| EPS | 2.31 | 0.65 | -0.04 | -2.99 | -3.09 | -3.92 | -2.36 |
| Diluted EPS | 2.24 | 0.62 | -0.04 | -2.99 | -3.09 | -3.92 | -2.36 |
| Weighted Average OS | 51.44M | 49.91M | 48.37M | 45.80M | 44.50M | 38.79M | 38.79M |
| EBITDA | $73.12M | $51.62M | $12.79M | -$120.1M | -$123.25M | -$147.11M | -$89.58M |
| EBITDA Margin | 5.9% | 5.3% | 1.8% | -23.1% | -40.0% | -91.3% | -114.7% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $1.5B | $1.41B | $1.12B | $885.89M | $886.81M | $129.81M | $171.6M |
| Short-Term Investments | $162.31M | $50M | $0 | $0 | $0 | $10M | $4M |
| Cash and Short-Term Investments | $1.67B | $1.46B | $1.12B | $885.89M | $886.81M | $139.81M | $175.6M |
| Accounts Receivable | $30.55M | $32.26M | $28.73M | $17.1M | $8.75M | $3.91M | $3.44M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $93.06M | $22.11M | $14.76M | $3.32M | $4.92M | $1.39M | $480K |
| Total Current Assets | $1.79B | $1.53B | $1.17B | $923.85M | $913.49M | $147.62M | $181.31M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $203.04M | $136.28M | $99.7M | $114.61M | $19.6M | $7.18M | $3.19M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $8.82M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $58.68M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $55.82M | $8.16M | $2.82M | $585K | $100K | $2.62M | $645K |
| Total Long-Term Assets | $317.54M | $153.26M | $102.51M | $115.2M | $19.7M | $9.8M | $3.84M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $2.11B | $1.69B | $1.28B | $1.04B | $933.19M | $157.42M | $185.15M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $45M | $35.61M | $24.84M | $7.33M | $23.61M | $25.73M | $18.95M |
| Short-Term Debt | $25.82M | $0 | $0 | $0 | $0 | $21.02M | $13.03M |
| Current Income Tax Payable | $0 | $15.12M | $8.64M | $4.07M | $2.81M | $2.29M | $1.05M |
| Current Unearned Revenue | $409.68M | $343.38M | $269.08M | $200.9M | $136.57M | $72.28M | $42.65M |
| Other Current Liabilities | $234.38M | $95.96M | $63.44M | $47.85M | $51.95M | $14.21M | $3.49M |
| Total Current Liabilities | $714.87M | $575.62M | $416.01M | $298.22M | $228.19M | $140.44M | $80.76M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $142.95M | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $1.94M | $2.64M | $3.19M | $2.44M | $1.61M | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$142.95M | $0 | $0 | $0 | $0 | $234.54M | $235.01M |
| Total Long-Term Liabilities | $144.89M | $79.66M | $46.13M | $61.08M | $1.61M | $234.54M | $235.01M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $859.76M | $655.28M | $462.15M | $359.3M | $229.8M | $374.98M | $315.77M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.66B | $0 | $0 | $0 | $0 | $0 | $0 |
| Retained Earnings | -$433.29M | -$552.03M | -$584.4M | -$582.53M | -$445.66M | -$316.37M | -$164.16M |
| Comprehensive Income & Other | $18.1M | $3.19M | $9.8M | -$3.21M | $594K | $0 | $0 |
| Other Stockholders' Equity | $18.1M | $1.58B | $1.4B | $1.26B | $1.15B | $98.81M | $33.54M |
| Total Equity | $1.25B | $1.03B | $813.51M | $679.74M | $703.39M | -$217.56M | -$130.62M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $2.11B | $1.69B | $1.28B | $1.04B | $933.19M | $157.42M | $185.15M |
| Supplementary Data | |||||||
| Total Debt | $311.71M | $106.04M | $61.15M | $77.72M | $84K | $21.1M | $13.11M |
| Net Debt | -$1.19B | -$1.31B | -$1.05B | -$808.17M | -$886.73M | -$108.71M | -$158.49M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | $118.74M | $32.37M | -$1.88M | -$136.87M | -$129.29M | -$152.2M | -$91.61M |
| Depreciation & Amortization | $13.8M | $11.86M | $9.02M | $8.57M | $2.75M | $1.89M | $579K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $76K | $0 | $0 |
| Stock-Based Compensation | $177.01M | $129.21M | $100.19M | $104.92M | $73.53M | $64.34M | $21.84M |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$4.75M | -$7.89M | -$4.68M | -$4.72M | -$4.6M | -$472K | -$3.1M |
| Inventory | $0 | $0 | $0 | $0 | $12.23M | $0 | $0 |
| Accounts Payable | $8.45M | $10.41M | $17.4M | -$16.07M | -$2.04M | $6.77M | $8.89M |
| Other Working Capital | $22.23M | $116.86M | $95.36M | $71.31M | $63.72M | $42.51M | $26.74M |
| Total Working Capital Change | $25.93M | $119.37M | $108.07M | $50.52M | $69.31M | $48.81M | $32.52M |
| Other Non-Cash Items | -$1.85M | $18.26M | $0 | $0 | -$16K | -$14K | $21K |
| Net Cash from Operating | $333.64M | $311.06M | $215.4M | $27.14M | $16.36M | -$37.17M | -$36.65M |
| Investing Activities | |||||||
| Capital Expenditures | -$20.36M | -$13.21M | -$7.9M | -$16M | -$13.76M | -$4.36M | -$1.4M |
| Acquisitions | $0 | -$6M | $0 | $0 | $129K | $0 | $0 |
| Purchases of Investments | -$187.83M | -$49.57M | $0 | $0 | -$10.13M | $0 | $0 |
| Sales of Investments | $77.86M | $0 | $0 | $0 | $10M | $0 | $0 |
| Other Investing Activities | -$3.38M | -$2.02M | -$2.56M | -$3M | $10.13M | -$7.12M | $14.63M |
| Net Cash from Investing | -$133.72M | -$70.81M | -$10.46M | -$19M | -$3.63M | -$11.48M | $13.23M |
| Financing Activities | |||||||
| Debt Repaid | - | - | - | $84K | $91K | $72K | $7K |
| Common Stock Issuance | $41.87M | $0 | $0 | $0 | $735.86M | $0 | $0 |
| Common Stock Repurchases | -$135.03M | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$15.22M | $55.21M | $25.29M | -$8.97M | $27.51M | $542K | $103K |
| Net Cash from Financing | -$108.38M | $55.21M | $25.29M | -$9.05M | $742.27M | $8.47M | $158.45M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $91.55M | $295.47M | $230.23M | -$918K | $755M | -$40.19M | $135.03M |
| Supplementary Data | |||||||
| Operating Cash Flow | $333.64M | $311.06M | $215.4M | $27.14M | $16.36M | -$37.17M | -$36.65M |
| Capital Expenditure | -$23.74M | -$15.23M | -$10.46M | -$19M | -$13.76M | -$5.48M | -$1.77M |
| Free Cash Flow | $309.9M | $295.83M | $204.94M | $8.14M | $2.6M | -$42.66M | -$38.42M |
| Cash at Beginning | $1.41B | $1.12B | $885.89M | $886.81M | $131.81M | $172M | $36.97M |
| Cash at End | $1.5B | $1.41B | $1.12B | $885.89M | $886.81M | $131.81M | $172M |