MNDYNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
monday.com Ltd.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Mar 13, 2026
$93.42+3.05 (+3.38%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- 41.7
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2018 to 2025
Gross margin
89.2%+3.2 pts over 5 years
Operating margin
-0.1%+93.3 pts over 5 years
Net margin
9.6%+104.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +26.7% | +33.4% | +50.2% | – | |
| Gross profit | +26.6% | +34.4% | +51.3% | – | |
| Net income | +266.8% | – | – | – | |
| EPS, diluted | +261.3% | – | – | – | |
| Free cash flow | +5.2% | +204.1% | – | – |
Returns and balance sheet
8 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | 87.4% | 10.4% | |
| Return on assets | – | – | 6.3% | |
| Current ratio | – | 1.05 | 2.50 | |
| Capex to revenue | – | 2.7% | 1.7% | |
| Diluted shares | – | 12M | 53M |
Where the cash went
Fiscal 2021 to 2025, five years combined
monday.com generated $903.61M from operations and spent $204.08M on capital expenditure, dividends and share buybacks. 34% of that went back into the business.
Generated
$903.61M
Used
$204.08M
Capital expenditure$69.06M34%Dividends$00%Share buybacks$135.03M66%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin9.6%
×Asset turnover0.65×
×Equity multiplier1.67×
=Return on equity, FY202510.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 9.6% | 0.65× | 1.67× | 10.4% |
| FY2024 | 3.3% | 0.66× | 1.61× | 3.5% |
| FY2023 | -0.3% | 0.63× | 1.55× | -0.3% |
| FY2022 | -26.4% | 0.53× | 1.43× | -19.8% |
| FY2021 | -42.0% | 0.57× | 2.24× | -53.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$118.74M
- Cash generatingOperating cash flow above zero$333.64M
- Return on assets improvedROA up on the prior year2.5% → 7.0%
- Earnings backed by cashOperating cash flow above net income$333.64M vs $118.74M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose2.66 → 2.50
- No dilutionShare count did not rise52M → 53M
- Gross margin improvedGross margin up on the prior year89.33% → 89.20%
- More efficientAsset turnover rose0.76 → 0.73