monday.com Ltd. (MNDY) Form 6-K — Aug 10, 2026
monday.com reported Q2 2026 revenue of $364.6 million, up 22% year-over-year, with record non-GAAP operating income of $61.1 million (17% margin) and non-GAAP EPS of $1.50 basic and $1.48 diluted, while GAAP EPS was $0.08. RPO reached $937 million, up 34%, net dollar retention was 109%, and ARR from AI products doubled from Q1 to represent 17% of net new ARR. The company guided Q3 2026 revenue to $368-370 million (+16-17% YoY) and full-year 2026 revenue to $1,466-1,474 million (+19-20%), with adjusted free cash flow of $280-290 million, implying decelerating growth versus Q2's 22%.
Key figures
- Eps
- GAAP $0.08 basic/diluted (Q2 2026) vs $0.03 a year ago; non-GAAP $1.50 basic / $1.48 diluted (Q2 2026) vs $1.13 / $1.09
- Revenue
- $364.6 million (Q2 2026); $715.9 million (H1 2026)
- Guidance
- Q3 2026: revenue $368-370 million (+16-17% YoY), non-GAAP operating income $57-59 million (~16% margin). FY2026: revenue $1,466-1,474 million (+19-20%), non-GAAP operating income $230-234 million (~16% margin), adjusted free cash flow $280-290 million (19-20% margin)
- Net Income
- $3.5 million GAAP (Q2 2026); $31.5 million (H1 2026)
- Revenue Yoy
- 22% (Q2 2026); 23% (H1 2026)
- Cash Position
- $853.4 million cash and equivalents plus $219.4 million marketable securities ($1.07 billion total), down from $1.67 billion at year-end 2025
- Shares Outstanding
- 42274119
- Rpo
- $937 million, up 34% from $699 million
- Crpo
- $750 million, up 27% from $588 million
- Ai arr momentum
- AI product ARR doubled from Q1; represented 17% of net new ARR in Q2
- Oneai acquisition
- $14.1 million cash consideration (May 11, 2026)
- Share repurchases
- $870 million program fully utilized; 10,486,207 shares repurchased in total, ~2,333,000 shares for ~$182 million in Q2
- Foundation donation
- 196,829 shares (~$18 million) donated August 5, 2026
- Enterprise customers
- 4,834 customers >$50K ARR (+31%); 2,019 >$100K ARR (+37%); 114 >$500K ARR (+68%)
- Net dollar retention
- 109% overall; 115% for customers with >$50K ARR
- Q2 operating cash flow
- $55.4 million; adjusted free cash flow $52.3 million (both down YoY)
- Non gaap operating income q2
- $61.1 million, 17% margin (vs $45.1 million, 15% in Q2 2025)
- Restructuring charges h1 2026
- $21.4 million (non-cash impairments tied to Israel office exit)
- Restructuring plan estimated charges
- $45-55 million total net charges for FY2026, including ~20% workforce reduction
AI analysis
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