Loading financials from SEC filings…
Software - Application · Technology · Fiscal year ends Dec 31
monday.com reported revenue of $1.2B in the fiscal year ended Dec 2025, up 26.7% from the year before. Operating income was −$2M, an operating margin of −0.1%, and net income was $119M. Operating cash flow of $334M less capital expenditure of $20M left free cash flow of $313M.
Ranks among the 83 software - application companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 308 | 519 | 730 | 972 | 1,232 |
| Cost of revenue | 39.0 | 66.5 | 80.6 | 104 | 133 |
| Gross profit | 269 | 453 | 649 | 868 | 1,099 |
| Research & development | 73.7 | 127 | 157 | 214 | 321 |
| Selling, general & admin | 322 | 477 | 531 | 676 | 780 |
| Operating income | −126 | −152 | −38.6 | −21.0 | −1.7 |
| Pre-tax income | −127 | −129 | 3.3 | 34.5 | 59.3 |
| Income tax | 2.3 | 7.4 | 5.2 | 2.1 | −59.4 |
| Net income | −129 | −137 | −1.9 | 32.4 | 119 |
| Diluted EPS | −4.53 | −2.99 | −0.04 | 0.62 | 2.24 |
| Diluted shares | 30.3 | 45.8 | 48.4 | 52.4 | 53.1 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 887 | 886 | 1,116 | 1,412 | 1,503 |
| Receivables | 8.5 | 13.2 | 17.9 | 25.8 | 30.6 |
| Current assets | 913 | 924 | 1,173 | 1,532 | 1,789 |
| Net PP&E | 19.6 | 34.4 | 37.4 | 41.6 | 53.9 |
| Total assets | 933 | 1,039 | 1,276 | 1,686 | 2,107 |
| Payables | 23.6 | 7.3 | 24.8 | 35.6 | 45.0 |
| Deferred revenue | 134 | 198 | 266 | 340 | 410 |
| Current liabilities | 228 | 298 | 416 | 576 | 715 |
| Total liabilities | 230 | 359 | 462 | 655 | 860 |
| Shareholders' equity | 703 | 680 | 814 | 1,030 | 1,247 |
| Backlog (remaining obligations) | – | – | – | – | 839 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 16.4 | 27.1 | 215 | 311 | 334 |
| Capital expenditure | 11.6 | 16.0 | 7.9 | 13.2 | 20.4 |
| Free cash flow | 4.8 | 11.1 | 208 | 298 | 313 |
| Depreciation & amortisation | 2.7 | 8.6 | 9.0 | 11.9 | 13.8 |
| Stock-based compensation | 73.5 | 105 | 100 | 129 | 177 |
| Share buybacks | – | – | 0.0 | 0.0 | 135 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 68.4% | 40.6% | 33.2% | 26.7% |
| EPS growth (YoY) | – | – | – | – | 261.3% |
| Gross margin | 87.3% | 87.2% | 88.9% | 89.3% | 89.2% |
| Operating margin | −40.9% | −29.3% | −5.3% | −2.2% | −0.1% |
| Net margin | −42.0% | −26.4% | −0.3% | 3.3% | 9.6% |
| Return on equityBlank when equity is negative | −18.4% | −20.1% | −0.2% | 3.1% | 9.5% |
| ROCEEBIT ÷ (assets − current liabilities) | −17.9% | −20.5% | −4.5% | −1.9% | −0.1% |
| Free cash flow margin | 1.6% | 2.1% | 28.4% | 30.6% | 25.4% |
| Cash conversion (CFO ÷ net income) | −0.13x | −0.20x | −115x | 9.61x | 2.81x |
| Receivable days | 10 | 9 | 9 | 10 | 9 |
| Payable days | 221 | 40 | 112 | 125 | 123 |
| Current ratio | 4.00x | 3.10x | 2.82x | 2.66x | 2.50x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.