Monday.com (MNDY)
NASDAQ:MNDY
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Monday.com
(NASDAQ:MNDY)
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Rating:67Neutral
Price Target:
$69.00
▲(8.58% Upside)
Action:ReiteratedDate:02/10/26
The score is supported by strong financial quality (high gross margins, robust free cash flow, low leverage) and a generally constructive earnings outlook despite slower growth. It is held back primarily by very weak technicals (sharp downtrend and bearish momentum) and a valuation that still prices in solid performance without dividend support.
Positive Factors
High gross margins
Sustained gross margins near 90% reflect a high‑margin SaaS model that supports long‑term operating leverage. Even with higher R&D and sales investment, such structural margins provide durable capacity to fund product buildout, AI initiatives, and go‑to‑market without eroding core economics.
Negative Factors
Revenue growth deceleration
Management's materially lower near‑term growth guidance signals a slower top‑line trajectory versus recent years. A sustained step down in growth reduces potential operating leverage and heightens the need for efficiency or higher‑value sales, constraining durable expansion prospects over the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
High gross margins
Sustained gross margins near 90% reflect a high‑margin SaaS model that supports long‑term operating leverage. Even with higher R&D and sales investment, such structural margins provide durable capacity to fund product buildout, AI initiatives, and go‑to‑market without eroding core economics.
Read all positive factors
Monday.com (MNDY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.01B
Dividend YieldN/A
Average Volume (3M)1.44M
Price to Earnings (P/E)63.9
Beta (1Y)1.99
Revenue Growth28.62%
EPS Growth186.67%
CountryUS
Employees2,508
SectorTechnology
Sector Strength88
IndustrySoftware - Application
Share Statistics
EPS (TTM)1.04
Shares Outstanding51,160,824
10 Day Avg. Volume1,210,136
30 Day Avg. Volume1,437,263
Financial Highlights & Ratios
PEG Ratio0.25
Price to Book (P/B)6.09
Price to Sales (P/S)6.16
P/FCF Ratio24.23
Enterprise Value/Market Cap0.66
Enterprise Value/Revenue1.61
Enterprise Value/Gross Profit1.81
Enterprise Value/Ebitda27.18
Forecast
1Y Price Target
$117.70Price Target Upside85.21% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering22
EPS Forecast (FY)4.05
Revenue Forecast (FY)$1.46B
Monday.com Business Overview & Revenue Model
Company Description
monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular bu...
How the Company Makes Money
monday.com primarily makes money through subscription fees for access to its cloud platform. Revenue is largely recurring and is typically charged per user (seat) under tiered plans with different feature sets and usage limits, so revenue expands ...
Monday.com Key Performance Indicators (KPIs)
Any
Dollar-Based Net Retention Rate
Shows how revenue from existing customers changes over time after upsells, downgrades, and churn; a rate above 100% means current customers are expanding their spend and can drive growth without relying solely on new sales. Consistently high retention reflects strong product value and long-term revenue sustainability.
Shows how revenue from existing customers changes over time after upsells, downgrades, and churn; a rate above 100% means current customers are expanding their spend and can drive growth without relying solely on new sales. Consistently high retention reflects strong product value and long-term revenue sustainability.
Data provided by:
The Fly
The FlyMonday.com Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 18, 2026
Earnings Call Sentiment Neutral
The call presented a mix of strong operational execution and product momentum—notably profitable growth, robust free cash flow, clear upmarket traction, and accelerating AI adoption—while also flagging meaningful near-term headwinds: slower revenue growth guidance (18–19% vs 27% prior year), margin and FCF compression, persistent weakness in self-serve/no-touch channels, and a material FX impact from the Israeli shekel. Management emphasized disciplined, confidence-level guidance for 2026 and shifted investment toward higher-ROI upmarket and AI opportunities, but pulled longer-term targets given uncertainty. Overall, positives around profitability, cash generation, and AI/product traction are balanced by the conservative guidance and identifiable macro/operational risks.Positive Updates
Strong Revenue Growth and Profitability
Q4 revenue of $334M, up 25% year-over-year; fiscal 2025 revenue of $1.232B, up 27% YoY. Fiscal 2025 operating income of $175.3M with a 14% operating margin and net income of $233.6M (up from $183.3M prior year). Diluted EPS was $4.40 for the year.
Negative Updates
Guidance Shows Meaningful Deceleration
Fiscal 2026 revenue guidance of $1.452B–$1.462B implies growth of 18%–19% YoY, down from FY2025 growth of 27% (an ~8–9 percentage-point slowdown). Management intentionally provided a more conservative near-term guide.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Revenue Growth and Profitability
Q4 revenue of $334M, up 25% year-over-year; fiscal 2025 revenue of $1.232B, up 27% YoY. Fiscal 2025 operating income of $175.3M with a 14% operating margin and net income of $233.6M (up from $183.3M prior year). Diluted EPS was $4.40 for the year.
Read all positive updates
Company Guidance
monday.com guided to FY2026 revenue of $1.452–$1.462 billion (growth of 18–19% YoY), full‑year non‑GAAP operating income of $165–$175 million (11–12% operating margin, assuming a 100–200 bps negative FX impact), adjusted free cash flow of $275–$290 million (19–20% adjusted FCF margin, assuming ~100 bps FX headwind) and stable overall NDR of 110% (trailing four‑quarter weighted); the company plans mid‑teens percentage headcount growth with incremental investment mainly in sales and R&D, expects gross margin in the mid‑to‑high‑80s in 2026, may begin paying cash taxes, assumes continued choppiness in no‑touch demand, and enters the year with $1.5 billion cash, a $135 million Q4 buyback and about $735 million remaining repurchase authorization.Monday.com Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
87
Very Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.23B | 972.00M | 729.70M | 519.03M | 308.15M |
| Gross Profit | 1.10B | 868.30M | 649.05M | 452.50M | 269.14M |
| EBITDA | 73.12M | 58.00M | 12.79M | -120.10M | -123.25M |
| Net Income | 118.74M | 32.37M | -1.88M | -136.87M | -129.29M |
Balance Sheet | |||||
| Total Assets | 2.11B | 1.69B | 1.28B | 1.04B | 933.19M |
| Cash, Cash Equivalents and Short-Term Investments | 1.67B | 1.46B | 1.12B | 885.89M | 886.81M |
| Total Debt | 311.71M | 106.04M | 61.15M | 77.72M | 84.00K |
| Total Liabilities | 859.76M | 655.28M | 462.15M | 359.30M | 229.80M |
| Stockholders Equity | 1.25B | 1.03B | 813.51M | 679.74M | 703.39M |
Cash Flow | |||||
| Free Cash Flow | 313.28M | 295.83M | 204.94M | 8.14M | 2.60M |
| Operating Cash Flow | 333.64M | 311.06M | 215.40M | 27.14M | 16.36M |
| Investing Cash Flow | -133.72M | -70.81M | -10.46M | -19.00M | -3.63M |
| Financing Cash Flow | -108.38M | 55.21M | 25.29M | -9.05M | 742.27M |
Monday.com Technical Analysis
Negative
63.55
Price Trends
76.26
Negative
110.29
Negative
164.08
Negative
Market Momentum
-4.73
Positive
35.99
Neutral
21.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MNDY, the sentiment is Negative. The current price of 63.55 is below the 20-day moving average (MA) of 69.17, below the 50-day MA of 76.26, and below the 200-day MA of 164.08, indicating a bearish trend. The MACD of -4.73 indicates Positive momentum. The RSI at 35.99 is Neutral, neither overbought nor oversold. The STOCH value of 21.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MNDY.
Monday.com Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $6.24B | 11.53 | 16.44% | ― | 9.46% | 34.09% | |
71 Outperform | $6.66B | 25.92 | 60.07% | 0.16% | 17.00% | 120.21% | |
67 Neutral | $3.01B | 63.93 | 9.88% | ― | 28.62% | 186.67% | |
65 Neutral | $3.30B | -103.64 | -6.24% | ― | 27.35% | 18.18% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | $4.59B | -21.74 | -13.37% | ― | 24.26% | 55.58% | |
57 Neutral | $1.30B | -12.84 | -94.12% | ― | 9.47% | 16.97% |
* Technology Sector Average
MNDY
Monday.com
63.55
-186.79
-74.61%
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Monday.com Corporate Events
Monday.com Posts Strong 2025 Growth and Profitability Gains as Enterprise, AI Offerings Accelerate
Feb 9, 2026
Monday.com on February 9, 2026 reported its fourth-quarter and full-year 2025 results, highlighting 27% annual revenue growth to $1.23 billion and a sharp improvement in GAAP profitability, with operating loss narrowing to nearly breakeven and non...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.