Monday.Com (MNDY) financial statements
Monday.Com reported revenue of $1.2B in fiscal 2025, up 58.4% a year over 6 years.
Net income was $119M and the operating margin -0.1%, against -118.5% in 2019.
Free cash flow was $310M, and the company returned $135M in net buybacks.
The diluted share count rose 368% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Monday.Com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $78M | $161M | $308M | $519M | $730M | $972M | $1.2B |
| Cost of revenue | $12M | $22M | $39M | $67M | $81M | $104M | $133M |
| Gross profit | $66M | $139M | $269M | $453M | $649M | $868M | $1.1B |
| Research and development | $25M | $43M | $74M | $127M | $156M | $214M | $321M |
| Selling, general and admin | $134M | $246M | $322M | $477M | $531M | $676M | $780M |
| Operating income | -$93M | -$151M | -$126M | -$152M | -$39M | -$21M | -$2M |
| Pre-tax income | -$91M | -$150M | -$127M | -$129M | $3M | $34M | $59M |
| Income tax | $683,000 | $2M | $2M | $7M | $5M | $2M | -$59M |
| Net income | -$92M | -$152M | -$129M | -$137M | -$2M | $32M | $119M |
| EPS (diluted) | -$9.22 | -$14.19 | -$4.53 | -$2.99 | -$0.04 | $0.62 | $2.24 |
| Diluted shares | 11M | 12M | 30M | 46M | 48M | 52M | 53M |
| Gross margin | 84.7% | 86.0% | 87.3% | 87.2% | 88.9% | 89.3% | 89.2% |
| Operating margin | -118.5% | -93.4% | -40.9% | -29.3% | -5.3% | -2.2% | -0.1% |
| Net margin | -117.3% | -94.5% | -42.0% | -26.4% | -0.3% | 3.3% | 9.6% |
Balance sheet
Fiscal years, from Monday.Com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $172M | $130M | $887M | $886M | $1.1B | $1.5B | $1.7B |
| Receivables | — | $4M | $9M | $13M | $18M | $26M | $31M |
| Total current assets | — | $148M | $913M | $924M | $1.2B | $1.5B | $1.8B |
| Property, plant and equipment | — | $7M | $20M | $34M | $37M | $42M | $54M |
| Total assets | — | $157M | $933M | $1.0B | $1.3B | $1.7B | $2.1B |
| Total current liabilities | — | $140M | $228M | $298M | $416M | $576M | $715M |
| Total liabilities | — | $141M | $230M | $359M | $462M | $655M | $860M |
| Shareholders' equity | -$131M | -$218M | $703M | $680M | $814M | $1.0B | $1.2B |
| Net debt | -$172M | -$130M | -$887M | -$886M | -$1.1B | -$1.4B | -$1.5B |
Cash flow
Fiscal years, from Monday.Com's 10-K filings with the SEC.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$37M | -$37M | $16M | $27M | $215M | $311M | $334M |
| Capital spending | $2M | $5M | $14M | $19M | $10M | $15M | $24M |
| Free cash flow | -$38M | -$43M | $3M | $8M | $205M | $296M | $310M |
| Stock-based compensation | $22M | $64M | $74M | $105M | $100M | $129M | $177M |
| Share buybacks (net) | — | — | — | — | $0 | $0 | -$135M |
| Free cash flow margin | -49.2% | -26.5% | 0.8% | 1.6% | 28.1% | 30.4% | 25.2% |
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Open MNDY in InvestinglyQuestions
What was Monday.Com's revenue in 2025?
$1.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Monday.Com generate?
$310M in fiscal 2025 (operating cash flow minus capital spending).
From Monday.Com's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.