monday.com Ltd. provides a cloud-based Work Operating System (Work OS) that enables organizations to build custom workflow applications and project management tools. The Israel-based company offers a low-code/no-code platform with modular building blocks, allowing teams to design tailored solutions for their specific operational needs. Its software is delivered via a subscription-based software-as-a-service (SaaS) model.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,232,000
971,995
729,695
519,029
Cost of Sales
133,099
103,691
80,645
66,528
Gross Profit
1,098,900
868,304
649,050
452,501
Selling, General & Administrative Expenses
779,847
675,629
531,135
477,469
Research & Development Expenses
320,799
213,709
156,500
127,047
Operating Profit
(1,748)
(21,034)
(38,585)
(152,015)
Interest and Investment Income
61,065
55,500
41,911
22,554
Total Non-Operating Income
61,065
55,500
41,911
22,554
Income Before Provision for Income Taxes
59,317
34,466
3,326
(129,461)
Provision for Income Taxes
(59,425)
2,094
5,203
7,406
Consolidated Net Income
118,742
32,372
(1,877)
(136,867)
Net Income Attributable to Common Shareholders
118,742
32,372
(1,877)
(136,867)
Basic EPS
2.31
0.65
-0.04
-2.99
Diluted EPS
2.24
0.62
-0.04
-2.99
Basic Weighted Average Shares Outstanding
51,444
49,908
48,366
45,805
Diluted Weighted Average Shares Outstanding
53,087
52,421
48,366
45,805
Shares Outstanding
51,161
50,773
48,924
47,738
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,503,150
1,411,600
1,116,130
885,894
Short-Term Investments
162,308
50,004
—
—
Total Cash and Cash Equivalents
1,665,460
1,461,610
1,116,130
885,894
Accounts Receivable
30,552
25,804
17,911
13,226
Total Trade Receivables
30,552
25,804
17,911
13,226
Other Current Assets
93,055
44,836
39,103
24,725
Total Current Assets
1,789,060
1,532,250
1,173,140
923,845
Net Property, Plant & Equipment
203,037
136,279
99,698
114,613
Other Long-Term Assets
114,499
16,983
2,816
585
Total Assets
2,106,600
1,685,510
1,275,660
1,039,040
Accounts Payable
45,001
35,611
24,837
7,335
Accrued Expenses
234,377
171,040
106,691
73,706
Current Portion of Leases
25,819
29,013
18,201
19,083
Unearned Revenue
409,677
339,951
266,284
198,099
Total Current Liabilities
714,874
575,615
416,013
298,223
Leases
142,948
77,023
42,946
58,638
Other Long-Term Liabilities
1,942
2,639
3,189
2,442
Total Long-Term Liabilities
144,890
79,662
46,135
61,080
Total Liabilities
859,764
655,277
462,148
359,303
Additional Paid-in Capital
1,662,030
1,579,070
1,388,110
1,265,480
Accumulated Other Comprehensive Income
18,097
3,189
9,804
(3,210)
Retained Earnings
(433,290)
(552,032)
(584,404)
(582,527)
Total Common Shareholders' Equity
1,246,840
1,030,230
813,508
679,740
Total Shareholders' Equity
1,246,840
1,030,230
813,508
679,740
Total Liabilities and Shareholders' Equity
2,106,600
1,685,510
1,275,660
1,039,040
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
118,742
32,372
(1,877)
(136,867)
Depreciation & Amortization
13,805
11,858
9,023
8,567
Share-Based Compensation Expense
177,011
147,117
100,186
104,920
Other Adjustments
(62,999)
349
—
—
Changes in Trade Receivables
(4,748)
(7,893)
(4,685)
(4,717)
Changes in Accounts Payable
8,453
10,406
17,397
(16,072)
Changes in Accrued Expenses
59,953
27,459
14,588
326
Changes in Unearned Revenue
69,029
73,117
68,932
64,491
Changes in Other Operating Activities
(45,602)
16,280
11,840
6,490
Cash from Operating Activities
333,644
311,065
215,404
27,138
Capital Expenditure
(20,362)
(13,211)
(7,901)
(16,003)
Purchases of Intangible Assets
(3,380)
(2,024)
(2,558)
(2,998)
Purchases of Investments
(187,829)
(49,570)
—
—
Proceeds from Sale of Investments
77,855
—
—
—
Other Investing Activities
—
(6,000)
—
—
Cash from Investing Activities
(133,716)
(70,805)
(10,459)
(19,001)
Issuance of Common Shares
41,865
43,341
21,243
12,181
Repurchases of Common Shares
(135,028)
—
—
—
Net Issuance / (Repurchases) of Common Shares
(93,163)
43,341
21,243
12,181
Other Financing Activities
(15,218)
11,873
4,046
(21,236)
Cash from Financing Activities
(108,381)
55,214
25,289
(9,055)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash