monday.com Ltd. (MNDY) Income Statement
MNDY 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsMNDY revenue and net income
Where MNDY's revenue goes
2025Each bar shows an amount and its share of revenue. MNDY kept 9.6% of revenue as net income.
MNDY profit margins
MNDY growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.7% | +33.4% | +50.2% | — |
| Gross profit | +26.6% | +34.4% | +51.3% | — |
| Operating income | — | — | — | — |
| Net income | +266.8% | — | — | — |
| EPS (diluted) | +26.1% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
MNDY quarterly EPS vs estimates
monday.com beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 9, 2026 (estimate $0.49).
MNDY income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $972.0M | $729.7M | $519.0M | $308.1M | $161.1M | $78.1M |
| Cost of revenue | $133.1M | $103.7M | $80.6M | $66.5M | $39.0M | $22.5M | $12.0M |
| Gross profit | $1.10B | $868.3M | $649.0M | $452.5M | $269.1M | $138.6M | $66.1M |
| Research & development | $320.8M | $213.7M | $156.5M | $127.0M | $73.7M | $43.5M | $24.6M |
| Sales, general & admin | $779.8M | $675.6M | $531.1M | $477.5M | $321.6M | $245.7M | $134.0M |
| Total operating expenses | $1.10B | $889.3M | $687.6M | $604.5M | $395.3M | $289.2M | $158.6M |
| Operating income | −$1.7M | −$21.0M | −$38.6M | −$152.0M | −$126.1M | −$150.5M | −$92.5M |
| Interest income | $65.0M | $60.8M | $36.3M | $18.7M | $875,000 | $1.0M | $2.2M |
| Interest expense | — | $0 | $443,000 | $792,000 | $971,000 | $1.0M | $769,000 |
| Income before taxes | $59.3M | $34.5M | $3.3M | −$129.5M | −$127.0M | −$150.0M | −$90.9M |
| Income taxes | −$59.4M | $2.1M | $5.2M | $7.4M | $2.3M | $2.2M | $683,000 |
| Net income | $118.7M | $32.4M | −$1.9M | −$136.9M | −$129.3M | −$152.2M | −$91.6M |
| EBITDA | $73.1M | $51.6M | $12.8M | −$120.1M | −$123.2M | −$147.1M | −$89.6M |
| EPS (diluted) | $4.39 | $3.48 | $1.84 | −$0.80 | −$1.78 | −$3.52 | −$2.08 |
| Gross margin | 89.2% | 89.3% | 88.9% | 87.2% | 87.3% | 86.0% | 84.7% |
| Operating margin | −0.1% | −2.2% | −5.3% | −29.3% | −40.9% | −93.4% | −118.5% |
| Net margin | 9.6% | 3.3% | −0.3% | −26.4% | −42.0% | −94.5% | −117.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $364.6M | $351.3M | $333.9M | $316.9M | $299.0M | $282.2M | $268.0M | $251.0M | $236.1M | $216.9M | $202.6M | $189.2M |
| Cost of revenue | $42.7M | $38.1M | $37.3M | $35.8M | $31.2M | $28.8M | $30.5M | $26.0M | $23.8M | $23.5M | $22.4M | $21.7M |
| Gross profit | $322.0M | $313.1M | $296.5M | $281.1M | $267.8M | $253.4M | $237.5M | $225.0M | $212.3M | $193.5M | $180.2M | $167.5M |
| Research & development | $99.3M | $92.0M | $84.9M | $79.5M | $87.0M | $69.4M | $62.3M | $56.5M | $50.4M | $44.4M | $41.9M | $38.4M |
| Sales, general & admin | $202.8M | $201.4M | $209.2M | $204.0M | $192.4M | $174.3M | $165.5M | $195.9M | $160.1M | $154.1M | $139.4M | $131.6M |
| Total operating expenses | $302.1M | $293.4M | $294.2M | $283.4M | $279.4M | $243.6M | $227.9M | $252.4M | $210.5M | $198.5M | $181.3M | $170.0M |
| Operating income | $19.9M | $19.8M | $2.4M | −$2.4M | −$11.6M | $9.8M | $9.6M | −$27.4M | $1.8M | −$5.0M | −$1.1M | −$2.5M |
| Interest income | $7.0M | $10.4M | $17.5M | $15.8M | $14.1M | $17.6M | $18.2M | $14.9M | $14.8M | $12.8M | $12.9M | $11.6M |
| Interest expense | — | — | — | — | — | — | — | — | — | — | $361,000 | $361,000 |
| Income before taxes | $5.4M | $30.1M | $15.9M | $13.4M | $2.6M | $27.4M | $22.5M | −$12.5M | $16.6M | $7.8M | $11.7M | $9.0M |
| Income taxes | $2.0M | $2.1M | −$60.8M | $332,000 | $978,000 | $18,000 | −$540,000 | −$434,000 | $2.3M | $739,000 | −$621,000 | $1.5M |
| Net income | $3.5M | $28.0M | $76.7M | $13.1M | $1.6M | $27.4M | $23.0M | −$12.0M | $14.3M | $7.1M | $12.3M | $7.5M |
| EBITDA | $23.9M | $34.0M | $19.6M | $16.9M | $5.9M | $30.7M | $32.1M | −$9.3M | $19.6M | $10.3M | $14.3M | $11.4M |
| EPS (diluted) | $0.75 | $1.15 | $1.04 | $1.16 | $1.09 | $1.10 | $1.08 | $0.85 | $0.94 | $0.61 | $0.65 | $0.64 |
| Gross margin | 88.3% | 89.1% | 88.8% | 88.7% | 89.6% | 89.8% | 88.6% | 89.7% | 89.9% | 89.2% | 88.9% | 88.5% |
| Operating margin | 5.5% | 5.6% | 0.7% | −0.8% | −3.9% | 3.5% | 3.6% | −10.9% | 0.8% | −2.3% | −0.6% | −1.3% |
| Net margin | 0.9% | 8.0% | 23.0% | 4.1% | 0.5% | 9.7% | 8.6% | −4.8% | 6.1% | 3.3% | 6.1% | 4.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in MNDY's financial statements (latest annual report filed March 13, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
MNDY financial results
In fiscal year 2025 (ended December 31, 2025), monday.com reported revenue of $1.2 billion, up 26.7% from the year before. It had net income of $118.7 million (up 266.8%), a net profit margin of 9.6%. Diluted earnings per share came to $4.39. Over five years revenue grew at an average rate of 50.2% a year.
See the MNDY stock overview for the latest quote and news, or the MNDY chart for price history and technical indicators.
MNDY income statement FAQ
What is monday.com's annual revenue?
monday.com reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 26.7% from $972.0 million the previous year.
Is monday.com profitable?
Yes. monday.com reported net income of $118.7 million in fiscal 2025, a net profit margin of 9.6%; its operating margin was −0.1%.
What is monday.com's gross margin?
monday.com's gross margin was 89.2% in fiscal 2025: for every $100 of revenue, monday.com kept $89 after the direct cost of its products and services.
How much does monday.com spend on research and development?
monday.com spent $320.8 million on research and development in fiscal 2025, 26.0% of revenue.
How fast is monday.com growing?
Revenue grew 50.2% a year on average over the last five fiscal years, from $161.1 million to $1.2 billion.
What are monday.com's earnings per share?
monday.com earned $4.39 per diluted share in fiscal 2025, compared with $3.48 a year earlier.
When will monday.com report its next earnings?
monday.com is expected to report results for the quarter ending September 30, 2026 on November 9, 2026 before the market opens.
When does monday.com's fiscal year end?
monday.com's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 13, 2026.