Achievement of $1 Billion in Annual Recurring Revenue
monday.com reached a significant milestone by surpassing $1 billion in annual recurring revenue, demonstrating the strong demand for their WorkOS platform.
Record Operating Margins and Free Cash Flow
The company achieved record operating margins and delivered record free cash flow, with a free cash flow margin of 30% for FY 2024.
Revenue Growth
Total revenue in Q4 was $268 million, up 32% year-over-year. FY 2024 revenue reached $972 million, marking a 33% increase from the prior year.
Recognition in Gartner Magic Quadrant
monday.com was recognized as a leader in three categories in the Gartner Magic Quadrant, validating their strategy and commitment to delivering value.
AI Integration and Usage
Since integrating AI into their platform, users performed approximately 70 million AI actions, highlighting their commitment to enhancing user experience and efficiency.
Expansion into Enterprise Market
Successfully expanded into the enterprise market with the largest seat count growing to 80,000 seats, indicating strong enterprise customer engagement.
Strong Product Performance
Monday's CRM exceeded expectations, and there was a record number of net new accounts for both CRM and dev during the year.