Monday.Com Ltd. Financials

MNDY

Source SEC Filings (10-K/10-Q) Updated Jun 30, 2025 Currency USD FYE December

Financial Health Signals

Financial Profile 64/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Monday.Com Ltd. has an operating margin of -2.2%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -5.3% the prior year.

Growth

100

Monday.Com Ltd.'s revenue surged 33.2% year-over-year to $972.0M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage

Monday.Com Ltd. carries a low D/E ratio of 0.64, meaning only $0.64 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 2.66, Monday.Com Ltd. holds $2.66 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 86/100.

Cash Flow

100

Monday.Com Ltd. converts 30.6% of revenue into free cash flow ($297.9M). This strong cash generation earns a score of 100/100.

Returns

Monday.Com Ltd. generates a 3.1% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 13/100.

Piotroski F-Score Neutral

6/9

Monday.Com Ltd. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

9.61x

For every $1 of reported earnings, Monday.Com Ltd. generates $9.61 in operating cash flow ($311.1M OCF vs $32.4M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

This page shows Monday.Com Ltd. (MNDY) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

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Key Financial Metrics

Revenue

$972.0M

YoY+33.2%

5Y CAGR+65.6%

Monday.Com Ltd. generated $972.0M in revenue in fiscal year 2024. This represents an increase of 33.2% from the prior year.

EBITDA

-$9.2M

YoY+69.0%

Monday.Com Ltd.'s EBITDA was -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 69.0% from the prior year.

Free Cash Flow

$297.9M

YoY+43.5%

Monday.Com Ltd. generated $297.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 43.5% from the prior year.

Net Income

$32.4M

YoY+1824.7%

Monday.Com Ltd. reported $32.4M in net income in fiscal year 2024. This represents an increase of 1824.7% from the prior year.

EPS (Diluted)

$0.62

YoY+1650.0%

Monday.Com Ltd. earned $0.62 per diluted share (EPS) in fiscal year 2024. This represents an increase of 1650.0% from the prior year.

Cash & Debt

$1.4B

YoY+26.5%

5Y CAGR+52.4%

Monday.Com Ltd. held $1.4B in cash against $0 in long-term debt as of fiscal year 2024.

Dividends Per Share

N/A

Shares Outstanding

51M

YoY+3.8%

Monday.Com Ltd. had 51M shares outstanding in fiscal year 2024. This represents an increase of 3.8% from the prior year.

Gross Margin

89.3%

YoY+0.4pp

5Y CAGR+4.7pp

Monday.Com Ltd.'s gross margin was 89.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.

Operating Margin

-2.2%

YoY+3.1pp

5Y CAGR+116.3pp

Monday.Com Ltd.'s operating margin was -2.2% in fiscal year 2024, reflecting core business profitability. This is up 3.1 percentage points from the prior year.

Net Margin

3.3%

YoY+3.6pp

5Y CAGR+120.7pp

Monday.Com Ltd.'s net profit margin was 3.3% in fiscal year 2024, showing the share of revenue converted to profit. This is up 3.6 percentage points from the prior year.

Return on Equity

3.1%

Monday.Com Ltd.'s ROE was 3.1% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.

R&D Spending

$213.7M

YoY+36.6%

5Y CAGR+54.0%

Monday.Com Ltd. invested $213.7M in research and development in fiscal year 2024. This represents an increase of 36.6% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$13.2M

YoY+67.2%

5Y CAGR+56.6%

Monday.Com Ltd. invested $13.2M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 67.2% from the prior year.

MNDY Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$972.0M+33.2%	$729.7M+40.6%	$519.0M+68.4%	$308.1M+91.3%	$161.1M+106.3%	$78.1M
Cost of Revenue	$103.7M+28.6%	$80.6M+21.2%	$66.5M+70.5%	$39.0M+73.5%	$22.5M+87.7%	$12.0M
Gross Profit	$868.3M+33.8%	$649.0M+43.4%	$452.5M+68.1%	$269.1M+94.1%	$138.6M+109.7%	$66.1M
R&D Expenses	$213.7M+36.6%	$156.5M+23.2%	$127.0M+72.4%	$73.7M+69.5%	$43.5M+76.5%	$24.6M
SG&A Expenses	$142.1M+53.2%	$92.7M+8.6%	$85.4M+59.6%	$53.5M-1.6%	$54.3M+251.5%	$15.5M
Operating Income	-$21.0M+45.5%	-$38.6M+74.6%	-$152.0M-20.5%	-$126.1M+16.2%	-$150.5M-62.7%	-$92.5M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$2.1M-59.8%	$5.2M-29.7%	$7.4M+217.7%	$2.3M+6.3%	$2.2M+220.9%	$683K
Net Income	$32.4M+1824.7%	-$1.9M+98.6%	-$136.9M-5.9%	-$129.3M+15.1%	-$152.2M-66.1%	-$91.6M
EPS (Diluted)	$0.62+1650.0%	$-0.04+98.7%	$-2.99+34.0%	$-4.53	$-14.19	N/A

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	N/A	N/A	N/A	N/A	N/A
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

MNDY Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$1.7B+32.1%	$1.3B+22.8%	$1.0B+11.3%	$933.2M+492.8%	$157.4M	N/A
Current Assets	$1.5B+30.6%	$1.2B+27.0%	$923.8M+1.1%	$913.5M+518.8%	$147.6M	N/A
Cash & Equivalents	$1.4B+26.5%	$1.1B+26.0%	$885.9M-0.1%	$886.8M+583.1%	$129.8M-24.4%	$171.6M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$25.8M+44.1%	$17.9M+35.4%	$13.2M+55.4%	$8.5M+117.6%	$3.9M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$655.3M+41.8%	$462.1M+28.6%	$359.3M+56.4%	$229.8M-38.7%	$375.0M	N/A
Current Liabilities	$575.6M+38.4%	$416.0M+39.5%	$298.2M+30.7%	$228.2M+62.5%	$140.4M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.0B+26.6%	$813.5M+19.7%	$679.7M-3.4%	$703.4M+423.3%	-$217.6M-66.6%	-$130.6M
Retained Earnings	-$552.0M+5.5%	-$584.4M-0.3%	-$582.5M-30.7%	-$445.7M-40.9%	-$316.4M	N/A

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Total Assets	$2.0B+16.5%	$1.7B+32.1%	$1.3B+22.8%	$1.0B+11.3%	$933.2M+492.8%	$157.4M
Current Assets	$1.8B+15.8%	$1.5B+30.6%	$1.2B+27.0%	$923.8M+1.1%	$913.5M+518.8%	$147.6M
Cash & Equivalents	$1.6B+12.7%	$1.4B+26.5%	$1.1B+26.0%	$885.9M-0.1%	$886.8M+583.1%	$129.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$36.2M+40.3%	$25.8M+44.1%	$17.9M+35.4%	$13.2M+55.4%	$8.5M+117.6%	$3.9M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$771.6M+17.8%	$655.3M+41.8%	$462.1M+28.6%	$359.3M+56.4%	$229.8M-38.7%	$375.0M
Current Liabilities	$672.9M+16.9%	$575.6M+38.4%	$416.0M+39.5%	$298.2M+30.7%	$228.2M+62.5%	$140.4M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2B+15.7%	$1.0B+26.6%	$813.5M+19.7%	$679.7M-3.4%	$703.4M+423.3%	-$217.6M
Retained Earnings	-$523.0M+5.3%	-$552.0M+5.5%	-$584.4M-0.3%	-$582.5M-30.7%	-$445.7M-40.9%	-$316.4M

MNDY Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$311.1M+44.4%	$215.4M+693.7%	$27.1M+65.9%	$16.4M+144.0%	-$37.2M-1.4%	-$36.6M
Capital Expenditures	$13.2M+67.2%	$7.9M-50.6%	$16.0M+38.2%	$11.6M+165.4%	$4.4M+211.1%	$1.4M
Free Cash Flow	$297.9M+43.5%	$207.5M+1763.5%	$11.1M+133.1%	$4.8M+111.5%	-$41.5M-9.2%	-$38.1M
Investing Cash Flow	-$70.8M-577.0%	-$10.5M+45.0%	-$19.0M-423.6%	-$3.6M+68.4%	-$11.5M-186.8%	$13.2M
Financing Cash Flow	$55.2M+118.3%	$25.3M+379.3%	-$9.1M-101.2%	$742.3M+8663.5%	$8.5M-94.7%	$158.4M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

MNDY Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	89.3%+0.4pp	88.9%+1.8pp	87.2%-0.2pp	87.3%+1.3pp	86.0%+1.4pp	84.7%
Operating Margin	-2.2%+3.1pp	-5.3%+24.0pp	-29.3%+11.6pp	-40.9%+52.5pp	-93.4%+25.1pp	-118.5%
Net Margin	3.3%+3.6pp	-0.3%+26.1pp	-26.4%+15.6pp	-42.0%+52.5pp	-94.5%+22.9pp	-117.3%
Return on Equity	3.1%	N/A	N/A	N/A	N/A	N/A
Return on Assets	1.9%+2.1pp	-0.1%+13.0pp	-13.2%+0.7pp	-13.9%+82.8pp	-96.7%	N/A
Current Ratio	2.66-0.2	2.82-0.3	3.10-0.9	4.00+3.0	1.05	N/A
Debt-to-Equity	0.64+0.1	0.57+0.0	0.53+0.2	0.33+2.1	-1.72	N/A
FCF Margin	30.6%+2.2pp	28.4%+26.3pp	2.1%+0.6pp	1.6%+27.3pp	-25.8%+23.0pp	-48.7%

Metric	Q2'25	Q2'24	Q4'23	Q4'22	Q4'21	Q4'20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	N/A	N/A	N/A	N/A	N/A
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	N/A	N/A	N/A	N/A	N/A	N/A
Current Ratio	2.64-0.0	2.66-0.2	2.82-0.3	3.10-0.9	4.00+3.0	1.05
Debt-to-Equity	0.65+0.0	0.64+0.1	0.57+0.0	0.53+0.2	0.33+2.1	-1.72
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Monday.Com Ltd.'s annual revenue?

Monday.Com Ltd. (MNDY) reported $972.0M in total revenue for fiscal year 2024. This represents a 33.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Monday.Com Ltd.'s revenue growing?

Monday.Com Ltd. (MNDY) revenue grew by 33.2% year-over-year, from $729.7M to $972.0M in fiscal year 2024.

Is Monday.Com Ltd. profitable?

Yes, Monday.Com Ltd. (MNDY) reported a net income of $32.4M in fiscal year 2024, with a net profit margin of 3.3%.

What is Monday.Com Ltd.'s earnings per share (EPS)?

Monday.Com Ltd. (MNDY) reported diluted earnings per share of $0.62 for fiscal year 2024. This represents a 1650.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Monday.Com Ltd.'s EBITDA?

Monday.Com Ltd. (MNDY) had EBITDA of -$9.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

What is Monday.Com Ltd.'s gross margin?

Monday.Com Ltd. (MNDY) had a gross margin of 89.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.

What is Monday.Com Ltd.'s operating margin?

Monday.Com Ltd. (MNDY) had an operating margin of -2.2% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Monday.Com Ltd.'s net profit margin?

Monday.Com Ltd. (MNDY) had a net profit margin of 3.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

What is Monday.Com Ltd.'s return on equity (ROE)?

Monday.Com Ltd. (MNDY) has a return on equity of 3.1% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Monday.Com Ltd.'s free cash flow?

Monday.Com Ltd. (MNDY) generated $297.9M in free cash flow during fiscal year 2024. This represents a 43.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Monday.Com Ltd.'s operating cash flow?

Monday.Com Ltd. (MNDY) generated $311.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Monday.Com Ltd.'s total assets?

Monday.Com Ltd. (MNDY) had $1.7B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Monday.Com Ltd.'s capital expenditures?

Monday.Com Ltd. (MNDY) invested $13.2M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

How much does Monday.Com Ltd. spend on research and development?

Monday.Com Ltd. (MNDY) invested $213.7M in research and development during fiscal year 2024.

How many shares does Monday.Com Ltd. have outstanding?

Monday.Com Ltd. (MNDY) had 51M shares outstanding as of fiscal year 2024.

What is Monday.Com Ltd.'s current ratio?

Monday.Com Ltd. (MNDY) had a current ratio of 2.66 as of fiscal year 2024, which is generally considered healthy.

What is Monday.Com Ltd.'s debt-to-equity ratio?

Monday.Com Ltd. (MNDY) had a debt-to-equity ratio of 0.64 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Monday.Com Ltd.'s return on assets (ROA)?

Monday.Com Ltd. (MNDY) had a return on assets of 1.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Monday.Com Ltd.'s Piotroski F-Score?

Monday.Com Ltd. (MNDY) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Monday.Com Ltd.'s earnings high quality?

Monday.Com Ltd. (MNDY) has an earnings quality ratio of 9.61x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Monday.Com Ltd.?

Monday.Com Ltd. (MNDY) scores 64 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.