NASDAQ : MNDY
monday.com Ltd. — Financial statements
Technology · Software - Application · Israel
Last price 94.78 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 4.01B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
monday.com Ltd. (MNDY) reported revenue of 1.37B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.37B | 1.23B | 972.00M | 729.70M | 519.03M | 308.15M |
| Cost of Revenue | 153.91M | 133.10M | 103.69M | 80.64M | 66.53M | 39.01M |
| Gross Profit | 1.21B | 1.10B | 868.30M | 649.05M | 452.50M | 269.14M |
| Selling, General & Admin | 817.36M | 779.85M | 675.63M | 531.13M | 477.47M | 321.58M |
| Research & Development | 355.70M | 320.80M | 213.71M | 156.50M | 127.05M | 73.69M |
| Operating Expenses | 1.17B | 1.10B | 889.34M | 687.63M | 604.52M | 395.26M |
| Operating Income | 39.65M | -1.75M | -21.03M | -38.59M | -152.01M | -126.12M |
| Interest Expense | -62.00K | -405.00K | ||||
| Interest & Investment Income | 54.77M | 63.45M | 60.66M | 41.99M | 18.66M | 875.00K |
| Currency Exchange Gain (Loss) | -9.44M | -3.07M | -4.80M | 361.00K | 4.69M | -742.00K |
| Other Non Operating Income (Expenses) | -1.46M | -900.00K | -495.00K | -443.00K | -730.00K | -566.00K |
| EBT Excluding Unusual Items | 83.53M | 57.73M | 34.33M | 3.33M | -129.46M | -126.96M |
| Gain (Loss) on Sale of Investments | 2.78M | 1.59M | 132.00K | |||
| Pretax Income | 64.87M | 59.32M | 34.47M | 3.33M | -129.46M | -126.96M |
| Income Tax Expense | -56.37M | -59.42M | 2.09M | 5.20M | 7.41M | 2.33M |
| Net Income | 121.24M | 118.74M | 32.37M | -1.88M | -136.87M | -129.29M |
| Preferred Dividends & Other Adjustments | 8.20M | |||||
| Net Income to Common | 121.24M | 118.74M | 32.37M | -1.88M | -136.87M | -137.50M |
| Shares Outstanding (Basic) | 48.80M | 51.44M | 49.91M | 48.37M | 45.80M | 30.33M |
| Shares Outstanding (Diluted) | 49.89M | 53.09M | 52.42M | 48.37M | 45.80M | 30.33M |
| EPS (Basic) | 2.48 | 2.31 | 0.65 | -0.04 | -2.99 | -4.53 |
| EPS (Diluted) | 2.43 | 2.24 | 0.62 | -0.04 | -2.99 | -4.53 |
| Free Cash Flow | 297.85M | 313.28M | 297.85M | 207.50M | 11.13M | 4.78M |
| Free Cash Flow Per Share | 5.97 | 5.90 | 5.68 | 4.29 | 0.24 | 0.16 |
| Gross Margin | 88.74% | 89.20% | 89.33% | 88.95% | 87.18% | 87.34% |
| Operating Margin | 2.90% | -0.14% | -2.16% | -5.29% | -29.29% | -40.93% |
| Profit Margin | 8.87% | 9.64% | 3.33% | -0.26% | -26.37% | -44.62% |
| Free Cash Flow Margin | 21.80% | 25.43% | 30.64% | 28.44% | 2.15% | 1.55% |
| EBITDA | 50.81M | 8.22M | -13.06M | -32.12M | -144.94M | -123.93M |
| EBITDA Margin | 3.72% | 0.67% | -1.34% | -4.40% | -27.93% | -40.22% |
| D&A For EBITDA | 11.15M | 9.96M | 7.97M | 6.46M | 7.08M | 2.20M |
| EBIT | 39.65M | -1.75M | -21.03M | -38.59M | -152.01M | -126.12M |
| EBIT Margin | 2.90% | -0.14% | -2.16% | -5.29% | -29.29% | -40.93% |
| Effective Tax Rate | 6.08% | 156.43% | ||||
| Advertising Expenses | 237.94M | 218.41M | 203.24M | 181.45M | 143.47M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 853.40M | 1.50B | 1.41B | 1.12B | 885.89M | 886.81M |
| Short-Term Investments | 219.35M | 162.31M | 50.00M | |||
| Cash & Short-Term Investments | 1.07B | 1.67B | 1.46B | 1.12B | 885.89M | 886.81M |
| Accounts Receivable | 32.89M | 30.55M | 25.80M | 17.91M | 13.23M | 8.51M |
| Other Receivables | 12.59M | 12.79M | 13.83M | 13.55M | 6.14M | 3.76M |
| Receivables | 45.48M | 43.34M | 39.63M | 31.46M | 19.37M | 12.27M |
| Prepaid Expenses | 23.18M | 21.62M | 15.94M | 13.19M | 13.61M | 12.73M |
| Other Current Assets | 68.81M | 58.65M | 15.06M | 12.36M | 4.97M | 1.68M |
| Total Current Assets | 1.21B | 1.79B | 1.53B | 1.17B | 923.85M | 913.49M |
| Property, Plant & Equipment | 253.16M | 192.95M | 127.46M | 90.00M | 106.38M | 14.81M |
| Other Intangible Assets | 3.23M | 10.09M | 8.82M | 9.69M | 8.23M | 4.79M |
| Long-Term Deferred Tax Assets | 54.27M | 58.68M | ||||
| Long-Term Deferred Charges | 72.05M | |||||
| Other Long-Term Assets | 799.00K | 55.82M | 16.98M | 2.82M | 585.00K | 100.00K |
| Total Assets | 1.62B | 2.11B | 1.69B | 1.28B | 1.04B | 933.19M |
| Accounts Payable | 62.93M | 45.00M | 35.61M | 24.84M | 7.33M | 23.61M |
| Accrued Expenses | 224.09M | 208.75M | 152.49M | 95.25M | 63.62M | 65.10M |
| Current Portion of Leases | 27.51M | 25.82M | 29.01M | 18.20M | 19.08M | 84.00K |
| Current Income Taxes Payable | 14.97M | 19.90M | 15.12M | 8.64M | 4.07M | 2.81M |
| Current Unearned Revenue | 451.58M | 409.68M | 339.95M | 266.28M | 198.10M | 134.44M |
| Other Current Liabilities | 8.78M | 5.74M | 3.43M | 2.80M | 6.01M | 2.13M |
| Total Current Liabilities | 789.87M | 714.87M | 575.62M | 416.01M | 298.22M | 228.19M |
| Long-Term Leases | 209.98M | 142.95M | 77.02M | 42.95M | 58.64M | |
| Long-Term Unearned Revenue | 2.10M | 1.94M | 2.64M | 3.19M | 2.44M | 1.61M |
| Total Liabilities | 1.00B | 859.76M | 655.28M | 462.15M | 359.30M | 229.80M |
| Additional Paid-In Capital | 1.01B | 1.66B | 1.58B | 1.39B | 1.27B | 1.15B |
| Retained Earnings | -401.80M | -433.29M | -552.03M | -584.40M | -582.53M | -445.66M |
| Comprehensive Income & Other | 6.86M | 18.10M | 3.19M | 9.80M | -3.21M | 594.00K |
| Total Common Equity | 617.98M | 1.25B | 1.03B | 813.51M | 679.74M | 703.39M |
| Shareholders' Equity | 617.98M | 1.25B | 1.03B | 813.51M | 679.74M | 703.39M |
| Total Liabilities & Equity | 1.62B | 2.11B | 1.69B | 1.28B | 1.04B | 933.19M |
| Total Debt | 237.49M | 168.77M | 106.04M | 61.15M | 77.72M | 84.00K |
| Net Cash (Debt) | 835.27M | 1.50B | 1.36B | 1.05B | 808.17M | 886.73M |
| Net Cash Per Share | 16.74 | 28.19 | 25.86 | 21.81 | 17.64 | 29.23 |
| Filing Date Shares Outstanding | 42.27M | 51.16M | 50.77M | 48.92M | 47.74M | 44.92M |
| Total Common Shares Outstanding | 42.27M | 51.16M | 50.77M | 48.92M | 47.74M | 44.92M |
| Working Capital | 420.35M | 1.07B | 956.63M | 757.13M | 625.62M | 685.31M |
| Book Value Per Share | 14.62 | 24.37 | 20.29 | 16.63 | 14.24 | 15.66 |
| Tangible Book Value | 604.90M | 1.24B | 1.02B | 803.82M | 671.51M | 698.60M |
| Tangible Book Value Per Share | 14.31 | 24.17 | 20.12 | 16.43 | 14.07 | 15.55 |
| Machinery | 35.40M | 30.72M | 24.09M | 19.50M | 12.55M | |
| Leasehold Improvements | 33.85M | 22.00M | 16.42M | 13.29M | 6.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 121.24M | 118.74M | 32.37M | -1.88M | -136.87M | -129.29M |
| Depreciation & Amortization | 11.15M | 9.96M | 7.97M | 6.46M | 7.08M | 2.20M |
| Other Amortization | 3.84M | 3.84M | 3.88M | 2.56M | 1.49M | 547.00K |
| Loss (Gain) From Sale of Assets | 290.00K | 290.00K | 576.00K | 76.00K | ||
| Stock-Based Compensation | 159.91M | 177.01M | 129.21M | 100.19M | 104.92M | 73.53M |
| Other Operating Activities | -59.44M | -63.29M | 17.68M | -16.00K | ||
| Change in Accounts Receivable | 3.31M | -4.75M | -7.89M | -4.68M | -4.72M | -4.60M |
| Change in Accounts Payable | 13.59M | 8.45M | 10.41M | 17.40M | -16.07M | -2.04M |
| Change in Unearned Revenue | 48.58M | 69.03M | 73.12M | 68.93M | 64.49M | 64.37M |
| Change in Other Net Operating Assets | -7.43M | 14.35M | 43.74M | 26.43M | 6.82M | 11.58M |
| Operating Cash Flow | 314.88M | 333.64M | 311.06M | 215.40M | 27.14M | 16.36M |
| Capital Expenditures | -17.03M | -20.36M | -13.21M | -7.90M | -16.00M | -11.58M |
| Sale of Property, Plant & Equipment | 129.00K | |||||
| Sale (Purchase) of Intangibles | -3.27M | -3.38M | -2.02M | -2.56M | -3.00M | -2.18M |
| Investment in Securities | -167.25M | -109.97M | -55.57M | 10.00M | ||
| Investing Cash Flow | -200.75M | -133.72M | -70.81M | -10.46M | -19.00M | -3.63M |
| Short-Term Debt Repaid | -21.00M | |||||
| Long-Term Debt Repaid | -84.00K | -91.00K | ||||
| Total Debt Repaid | -84.00K | -21.09M | ||||
| Net Debt Issued (Repaid) | -84.00K | -21.09M | ||||
| Issuance of Common Stock | 30.73M | 41.87M | 43.34M | 21.24M | 12.18M | 741.11M |
| Repurchase of Common Stock | -881.97M | -150.25M | ||||
| Other Financing Activities | 11.87M | 4.05M | -21.15M | 22.26M | ||
| Financing Cash Flow | -851.24M | -108.38M | 55.21M | 25.29M | -9.05M | 742.27M |
| Net Cash Flow | -737.11M | 91.55M | 295.47M | 230.23M | -918.00K | 755.00M |
| Free Cash Flow | 297.85M | 313.28M | 297.85M | 207.50M | 11.13M | 4.78M |
| Free Cash Flow Margin | 21.80% | 25.43% | 30.64% | 28.44% | 2.15% | 1.55% |
| Free Cash Flow Per Share | 5.97 | 5.90 | 5.68 | 4.29 | 0.24 | 0.16 |
| Levered Free Cash Flow | 284.63M | 255.47M | 265.76M | 174.24M | 39.21M | 73.33M |
| Unlevered Free Cash Flow | 284.63M | 255.47M | 265.76M | 174.24M | 39.25M | 73.59M |
| Cash Interest Paid | 25.00K | 62.00K | 421.00K | |||
| Cash Income Tax Paid | 4.86M | 4.86M | 6.21M | 7.56M | 5.91M | 3.30M |
| Change in Working Capital | 58.05M | 87.08M | 119.37M | 108.07M | 50.52M | 69.31M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.04B | 7.61B | 11.74B | 9.07B | 5.50B | 13.62B |
| Enterprise Value | 3.20B | 5.99B | 10.44B | 8.08B | 4.73B | 12.75B |
| Last Close Price | 95.60 | 147.56 | 235.44 | 187.81 | 122.00 | 308.72 |
| PE Ratio | 39.35 | 64.06 | 362.62 | |||
| Forward PE | 15.42 | 32.60 | 68.16 | 115.90 | ||
| PS Ratio | 2.96 | 6.17 | 12.08 | 12.43 | 10.60 | 44.21 |
| PB Ratio | 6.54 | 6.10 | 11.39 | 11.15 | 8.09 | 19.37 |
| P/TBV Ratio | 6.68 | 6.15 | 11.49 | 11.28 | 8.19 | 19.50 |
| P/FCF Ratio | 13.57 | 24.28 | 39.41 | 43.70 | 493.98 | 2,851.66 |
| P/OCF Ratio | 12.83 | 22.80 | 37.74 | 42.09 | 202.68 | 832.92 |
| PEG Ratio | 0.49 | 1.18 | 2.02 | |||
| EV/Sales Ratio | 2.35 | 4.86 | 10.74 | 11.07 | 9.12 | 41.36 |
| EV/EBITDA Ratio | 63.10 | 728.64 | ||||
| EV/FCF Ratio | 10.76 | 19.11 | 35.06 | 38.92 | 424.95 | 2,668.23 |
| Debt / Equity Ratio | 0.38 | 0.14 | 0.10 | 0.07 | 0.11 | 0.00 |
| Debt / EBITDA Ratio | 2.69 | 3.99 | 7.59 | |||
| Debt / FCF Ratio | 0.80 | 0.54 | 0.36 | 0.29 | 6.98 | 0.02 |
| Net Debt / Equity Ratio | -1.35 | -1.20 | -1.32 | -1.30 | -1.19 | -1.26 |
| Net Debt / EBITDA Ratio | -16.44 | -182.15 | 103.80 | 32.84 | 5.58 | 7.16 |
| Net Debt / FCF Ratio | -2.80 | -4.78 | -4.55 | -5.08 | -72.58 | -185.62 |
| Asset Turnover | 0.76 | 0.65 | 0.66 | 0.63 | 0.53 | 0.56 |
| Quick Ratio | 1.42 | 2.39 | 2.61 | 2.76 | 3.04 | 3.94 |
| Current Ratio | 1.53 | 2.50 | 2.66 | 2.82 | 3.10 | 4.00 |
| Return on Equity (ROE) | 13.39% | 10.43% | 3.51% | -0.25% | -19.79% | -35.95% |
| Return on Assets (ROA) | 1.38% | -0.06% | -0.89% | -2.08% | -9.63% | -14.46% |
| Return on Capital Employed (ROCE) | 4.80% | -0.10% | -1.90% | -4.50% | -20.50% | -17.90% |
| Earnings Yield | 2.54% | 1.56% | 0.28% | -0.02% | -2.49% | -0.95% |
| FCF Yield | 7.37% | 4.12% | 2.54% | 2.29% | 0.20% | 0.03% |
| Buyback Yield / Dilution | 5.77% | -1.27% | -8.38% | -5.59% | -51.01% | -151.74% |