monday.com Ltd.
- Open
- 85.64
- Day high
- 89.77
- Day low
- 85.25
- Prev close
- 88.16
- Volume
- 885K
- Mkt cap
- $4.5B
- P/E (TTM)
- 37.2
- EPS (TTM)
- $2.34
- P/B
- 5.9
- P/S
- 3.4
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$384K over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
monday.com Ltd. (MNDY) is a Technology company listed on NASDAQ. The stock is down 65% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
monday.com Ltd. (MNDY) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MNDY earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $0.96 | $1.15 | +19.8% | $351M | +3.6% |
| May 15, 2024 | $0.40 | $0.61 | +50.9% | $217M | +3.0% |
| Aug 14, 2023 | $0.14 | $0.41 | +192.9% | $176M | +3.8% |
| May 15, 2023 | $-0.28 | $0.14 | +150.0% | $162M | -4.1% |
| Feb 13, 2023 | $-0.42 | $0.44 | +204.8% | $150M | -3.5% |
| Nov 14, 2022 | $-0.53 | $0.05 | +109.4% | $137M | +5.0% |
| May 16, 2022 | $-1.01 | $-0.96 | +5.0% | $108M | +7.2% |
| Feb 23, 2022 | $-0.52 | $-0.26 | +50.0% | $96M | +8.8% |
| Nov 10, 2021 | $-0.60 | $-0.26 | +56.7% | $83M | -27.0% |
| Aug 17, 2021 | $-0.98 | $-0.26 | +73.5% | $71M | -5.5% |
| Jun 11, 2021 | — | $-1.62 | — | $50M | — |
MNDY insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 16, 2026 | George James Caseofficer: CRO | Option | 1,858 | — |
| Jun 16, 2026 | George James Caseofficer: CRO | Sell | 838 | $78.77 |
| Jun 16, 2026 | George James Caseofficer: CRO | Sell | 1,773 | $88.73 |
| Jun 3, 2026 | George James Caseofficer: CRO | Option | 5,897 | — |
| Jun 3, 2026 | George James Caseofficer: CRO | Option | 2,948 | — |
| Jun 3, 2026 | George James Caseofficer: CRO | Sell | 1,773 | $90.79 |
| Jun 3, 2026 | George James Caseofficer: CRO | Option | 2,949 | — |
Source: MNDY SEC Form 4 filings, latest Jun 16, 2026. For informational purposes only — not investment advice.
See the full MNDY insider & 13F page →monday.com Ltd. company profile
Overview
monday.com Ltd. (NASDAQ:MNDY) is an Israeli software company founded in 2012 and headquartered in Tel Aviv-Yafo. Originally known as DaPulse Labs Ltd., the company rebranded to monday.com in November 2017 and went public in June 2021. The company has grown from a simple project management tool into a comprehensive work operating system platform, serving organizations ranging from small businesses to large enterprises across the globe. Today, monday.com operates as a cloud-based software provider with over 2,500 employees and has achieved over $1 billion in annual recurring revenue as of 2024.
Business
monday.com operates in the Software-as-a-Service (SaaS) industry, specifically within the work management and collaboration software sector. The company's core offering is Work OS, a cloud-based visual work operating system that functions as a comprehensive platform for team collaboration, project management, and business process automation. Work OS consists of modular building blocks that users can assemble to create customized software applications and work management tools without requiring technical programming skills. Think of it as digital building blocks that teams can arrange to match their specific workflow needs - whether that's tracking marketing campaigns, managing customer relationships, or coordinating software development projects. The platform operates on several key product segments: 1. Work Management (the original core product): This is the foundational project and team management solution that allows teams to plan, track, and collaborate on work. It represents the largest portion of revenue, estimated at approximately 60-70% of total revenue based on the company's focus and customer adoption patterns. 2. monday CRM: A customer relationship management system launched in 2022 that has grown to over 20,000 accounts by 2024. This segment focuses on sales pipeline management and customer interaction tracking, representing an estimated 15-20% of revenue. 3. monday dev: A specialized solution for software development teams that helps manage coding projects, bug tracking, and development workflows. This represents approximately 10-15% of revenue. 4. monday Service: The newest product launched in 2024, designed as an AI-first enterprise service management solution for IT and customer service teams. While still in early stages, it shows significant cross-selling potential across departments. The platform is built on mondayDB, the company's proprietary database infrastructure that can handle large-scale data processing (up to 100,000 items per board and 500,000 items per dashboard), making it suitable for enterprise-level deployments. The system integrates artificial intelligence capabilities throughout, having processed approximately 70 million AI actions since implementation.
Revenue model
monday.com generates revenue primarily through subscription-based software licensing, operating on a typical SaaS business model with recurring monthly and annual subscriptions. The company serves three main customer segments: small and medium businesses (SMBs), mid-market companies, and large enterprises, with SMBs representing approximately 45% of total Annual Recurring Revenue (ARR). Revenue streams include base subscription fees for platform access, seat-based pricing that scales with team size, and premium features. The company has also introduced consumption-based pricing for AI features, where customers receive 500 AI credits in their base plan and can purchase additional credits for more AI actions like automated summaries or workflow creation. The company's largest customer has grown from 25,000 seats to 80,000 seats, demonstrating the platform's ability to scale within organizations. monday.com serves over 225,000 customers globally, with approximately 52% of revenue coming from the United States and Canada, and strong growth momentum in European markets. Key factors that increase profitability margins include successful upselling and cross-selling (the company maintains a 112% Net Dollar Retention rate), economies of scale in customer support through AI automation, and the platform's viral adoption within organizations as teams discover new use cases. The company benefits from land-and-expand dynamics where initial small team deployments grow into organization-wide implementations. Factors that could pressure margins include increased competition from established players like Microsoft, Atlassian, and Salesforce, rising customer acquisition costs in saturated markets, the need for continued heavy investment in R&D to maintain platform competitiveness, and potential pricing pressure from economic downturns that force customers to consolidate software vendors. The company also faces margin pressure from its aggressive hiring plans, expecting to grow headcount by approximately 30% in 2025, and substantial investments in AI capabilities and enterprise-grade infrastructure.
Competitive moat
monday.com's competitive moat is moderate but growing, built primarily around platform stickiness and network effects rather than technological barriers. The company's strongest defensive position comes from its workflow integration depth - once teams customize the platform to their specific processes and integrate it with their existing tools, switching costs become substantial due to the time and effort required to recreate complex workflows elsewhere. The platform benefits from viral adoption dynamics within organizations, where successful implementation in one department often leads to expansion across multiple teams and use cases. This creates organizational lock-in as the platform becomes embedded in daily operations. The company's multi-product strategy (Work Management, CRM, Dev, Service) strengthens this moat by increasing switching costs - customers using multiple monday.com products face higher friction when considering alternatives. However, monday.com operates in a highly competitive market with significant threats. Microsoft poses the most substantial competitive risk through its integrated Office 365 ecosystem and enterprise relationships, while Atlassian competes directly in project management and team collaboration. Salesforce threatens the CRM segment, and numerous specialized competitors exist in each vertical market. The company's moat is weakened by relatively low technological barriers to entry - the core concept of visual project management and customizable workflows can be replicated. Additionally, the platform's strength in SMB markets could become a vulnerability if economic pressures force small businesses to reduce software spending or consolidate to fewer, more established vendors. monday.com's best path to strengthening its moat lies in deepening AI integration, expanding enterprise market share where switching costs are higher, and building stronger ecosystem effects through its marketplace and partner integrations. The company's focus on becoming a comprehensive work operating system rather than just a project management tool represents an attempt to create stronger competitive barriers.
Risks & safety
monday.com demonstrates strong financial safety with minimal solvency risk and substantial cash reserves. • Cash Position: $1.41 billion in cash and short-term investments with minimal debt (debt-to-equity ratio of 0.10), providing significant runway • Cash Generation: Strong free cash flow of $298 million for FY 2024 (31% free cash flow margin), indicating healthy operational efficiency • Current Ratio: 2.66, showing strong short-term liquidity to meet obligations • Growth Trajectory: 33% revenue growth in 2024 with positive trajectory toward profitability • Valuation Concerns: Trading at 11.4x price-to-book ratio and extremely high EV/EBITDA multiples due to minimal EBITDA, indicating significant premium valuation • Profitability: While achieving GAAP operating profitability in recent quarters, full-year EBITDA remains near breakeven, suggesting valuation risk if growth slows • Other Considerations: High customer retention (112% NDR) and strong market position provide revenue stability, but aggressive hiring plans and R&D investments may pressure near-term profitability metrics.
Recent development
Over the past few years, monday.com has executed a significant strategic transformation from a simple project management tool to a comprehensive work operating system platform. The company's most notable pivot has been its multi-product strategy, expanding beyond core work management to launch monday CRM in 2022, monday dev for software teams, and most recently monday Service in 2024 as an AI-first enterprise service management solution. The company has made substantial infrastructure investments, completing mondayDB 2.0 to enhance platform scalability and support enterprise-level deployments with up to 100,000 items per board. This technical foundation has enabled the company's largest customer to grow from 25,000 to 80,000 seats, demonstrating the platform's enterprise readiness. Artificial Intelligence integration represents a major strategic focus, with the company launching AI blocks, product power-ups, and digital workforce capabilities. Users have performed approximately 70 million AI actions since implementation, and the company has introduced flexible consumption-based pricing for AI features. The AI strategy encompasses three main areas: AI blocks for automation, product power-ups for enhanced functionality, and digital workforce for comprehensive task management. The company has also executed a significant go-to-market evolution, increasing quota-carrying sales representatives to nearly 400 and implementing specialized sales teams segmented by product and company size. This includes overlay teams focused on cross-selling between different product lines, particularly between Work Management and Service products. Pricing strategy optimization has been another key development, with the company implementing pricing updates across its customer base and introducing value-based pricing tied to new features rather than automatic annual increases. These pricing adjustments are expected to contribute approximately 100 basis points to Net Dollar Retention rates.
MNDY company profile · for informational purposes only — not investment advice.
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