Recent News
June 23, 2025 — monday.com added the ability to turn Canvas elements into board items, expanding WorkCanvas capabilities. July 1, 2025 — the platform added a Meta Conversions API connector for monday CRM. July 8, 2025 — monday introduced “monday magic,” an AI-driven feature that builds ready-to-use solutions from prompts. June 26, 2025 — the company announced its Annual General Meeting for July 31, 2025. August 19, 2025 — monday.com expanded its partner program with new AI and Service specializations to certify partners for AI consulting and large service engagements.
Technical Analysis
ADX at 30.18 signals a strong underlying trend; that strength makes directional indicators actionable for near-term price bias.
DI+ shows a peak-and-reverse pattern, which reads as bearish directional weakening; DI- shows a peak-and-reverse pattern that reads as bullish directional weakening. Together they indicate a transition phase between bearish and bullish directional forces rather than a sustained one-sided trend.
MACD stands negative at -7.3 but trends increasing while the MACD line sits above its signal line (-12.07), producing a bullish momentum cue and supporting short-term upside pressure.
MRO reads -23.05 with a dip-and-reversal pattern; the negative MRO implies price below target and potential for upward convergence toward the model target, reinforcing near-term lift potential.
RSI at 39.54 shows a dip-and-reversal pattern that historically favors a bounce from the mid-to-low 30s; that supports a short-term recovery instead of a fresh trend start.
Price action closed at $206.18, above the 12-day EMA ($192.76) and the 20-day average ($190.91) but below the 50-day ($224.67) and 200-day ($259.65), indicating a short-term bullish tilt inside a longer-term downtrend. Bollinger structure places the move as a dip-and-reversal within the lower 2× standard-deviation band, suggesting mean-reversion potential toward near-term averages. Ichimoku reads bearish with the Chikou span below the cloud and the Tenkan/Kijun cluster near $192–$187, so upside could meet resistance in the $224–$260 zone. Volume ran about 2.0M versus a 10-day average of ~1.23M and a 50-day average of ~1.30M, signaling conviction behind recent intraday buying. SuperTrend lower support sits at $177.48 and recent intraday range held above that level, establishing a tactical support floor.
Fundamental Analysis
Revenue totaled $299.0M for the period ending 2025-06-30, reflecting revenue growth of 5.94% on the reported metric and revenue growth year-over-year at -32.88% (YoY). Quarter-over-quarter revenue growth measured 11.49%, indicating sequential acceleration even as YoY compares to a higher prior-period base. Gross margin stands at 89.575%, above the industry peer mean of 72.292% and above the industry peer median of 67.98%, supporting strong unit economics on current sales. Operating (EBIT) margin reads -3.863% vs. an industry peer mean of 34.328% and industry peer median of 42.991%; that places the company below the industry peer mean and median on operating profitability.
Net income reported $1,573,000 while operating income remained negative at -$11,551,000; operating margin fell quarter-over-quarter by about 2.11 percentage points and declined year-over-year by about 6.08 percentage points, showing pressure on operating leverage despite revenue acceleration. Earnings per share came in at $1.09 against an estimate of $0.86, producing an EPS surprise ratio of 26.74%, which reflects a meaningful beat versus consensus estimates. Cash and short-term investments total $1,650,617,000 and the cash ratio stands at 245.30%, supporting near-term liquidity and providing runway for continued product and go-to-market investment.
Valuation metrics present contrast: trailing P/E stands at 258.02 and forward P/E at 307.81, both well above the industry peer mean forward P/E of 129.33, signaling elevated multiples relative to peers. Price-to-sales at 41.49 sits slightly below the industry peer mean of 45.69 while price-to-book at 10.40 remains below the industry peer mean of 12.27. Free cash flow yield measures 0.48%, marginally below the industry peer mean of 0.53%, while free cash flow declined QoQ. WMDST values the stock as over-valued given the combination of elevated earnings multiples and a thin free cash flow yield despite strong gross margins and a solid cash position. Enterprise multiples and EV measures appear distorted by the accounting profile; enterprise multiple shows a negative enterprise multiple in the dataset, which requires caution in cross-metric interpretation.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-11 |
| NEXT REPORT DATE: | 2025-11-10 |
| CASH FLOW | Begin Period Cash Flow | $ 1.5 B |
| Operating Cash Flow | $ 66.8 M | |
| Capital Expenditures | $ -6.81 M | |
| Change In Working Capital | $ 4.7 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 62.9 M | |
| End Period Cash Flow | $ 1.6 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 299.0 M | |
| Forward Revenue | $ 2.3 B | |
| COSTS | ||
| Cost Of Revenue | $ 31.2 M | |
| Depreciation | $ 3.4 M | |
| Depreciation and Amortization | $ 3.4 M | |
| Research and Development | $ 87.0 M | |
| Total Operating Expenses | $ 310.6 M | |
| PROFITABILITY | ||
| Gross Profit | $ 267.8 M | |
| EBITDA | $ -8.18 M | |
| EBIT | $ -11.55 M | |
| Operating Income | $ -11.55 M | |
| Interest Income | $ 14.1 M | |
| Interest Expense | — | |
| Net Interest Income | $ 14.1 M | |
| Income Before Tax | $ 2.6 M | |
| Tax Provision | $ 978.0 K | |
| Tax Rate | 38.338 % | |
| Net Income | $ 1.6 M | |
| Net Income From Continuing Operations | $ 1.6 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.86 | |
| EPS Actual | $ 1.09 | |
| EPS Difference | $ 0.23 | |
| EPS Surprise | 26.744 % | |
| Forward EPS | $ 0.93 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 2.0 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 1.2 B | |
| Total Current Assets | $ 1.8 B | |
| Cash and Short-Term Investments | $ 1.7 B | |
| Cash | $ 1.6 B | |
| Net Receivables | $ 36.2 M | |
| Inventory | — | |
| Long-Term Investments | $ 33.1 M | |
| LIABILITIES | ||
| Accounts Payable | $ 41.9 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 672.9 M | |
| Net Debt | — | |
| Total Debt | $ 126.2 M | |
| Total Liabilities | $ 771.6 M | |
| EQUITY | ||
| Total Equity | $ 1.2 B | |
| Retained Earnings | $ -523.03 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.13 | |
| Shares Outstanding | 51.551 M | |
| Revenue Per-Share | $ 5.80 | |
| VALUATION | Market Capitalization | $ 12.4 B |
| Enterprise Value | $ 10.9 B | |
| Enterprise Multiple | -1330.805 | |
| Enterprise Multiple QoQ | -246.073 % | |
| Enterprise Multiple YoY | -163.675 % | |
| Enterprise Multiple IPRWA | high: 634.148 mean: 92.968 median: 82.154 low: -495.912 MNDY: -1330.805 |
|
| EV/R | 36.388 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.647 | |
| Asset To Liability | 2.545 | |
| Debt To Capital | 0.096 | |
| Debt To Assets | 0.064 | |
| Debt To Assets QoQ | -3.179 % | |
| Debt To Assets YoY | 384.25 % | |
| Debt To Assets IPRWA | high: 1.095 mean: 0.161 median: 0.094 MNDY: 0.064 low: 0.002 |
|
| Debt To Equity | 0.106 | |
| Debt To Equity QoQ | -4.871 % | |
| Debt To Equity YoY | 393.703 % | |
| Debt To Equity IPRWA | high: 3.008 mean: 0.299 median: 0.176 MNDY: 0.106 low: -0.874 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 10.404 | |
| Price To Book QoQ | -14.19 % | |
| Price To Book YoY | -14.873 % | |
| Price To Book IPRWA | high: 36.812 mean: 12.266 median: 10.727 MNDY: 10.404 low: -16.218 |
|
| Price To Earnings (P/E) | 258.016 | |
| Price To Earnings QoQ | 7.931 % | |
| Price To Earnings YoY | 8.717 % | |
| Price To Earnings IPRWA | high: 499.385 MNDY: 258.016 mean: 131.817 median: 130.187 low: -357.639 |
|
| PE/G Ratio | 2.354 | |
| Price To Sales (P/S) | 41.487 | |
| Price To Sales QoQ | -12.297 % | |
| Price To Sales YoY | -11.937 % | |
| Price To Sales IPRWA | high: 113.355 median: 48.199 mean: 45.693 MNDY: 41.487 low: 1.219 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 307.813 | |
| Forward PE/G | 2.808 | |
| Forward P/S | 5.474 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -36.69 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.157 | |
| Asset Turnover Ratio QoQ | -1.802 % | |
| Asset Turnover Ratio YoY | -4.908 % | |
| Asset Turnover Ratio IPRWA | high: 0.416 MNDY: 0.157 mean: 0.13 median: 0.129 low: 0.0 |
|
| Receivables Turnover | 9.548 | |
| Receivables Turnover Ratio QoQ | -11.638 % | |
| Receivables Turnover Ratio YoY | -23.341 % | |
| Receivables Turnover Ratio IPRWA | MNDY: 9.548 high: 4.366 mean: 1.421 median: 1.257 low: 0.131 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 9.557 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | — | |
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.272 | |
| CapEx To Revenue | -0.023 | |
| CapEx To Depreciation | -2.017 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.2 B | |
| Net Invested Capital | $ 1.2 B | |
| Invested Capital | $ 1.2 B | |
| Net Tangible Assets | $ 1.2 B | |
| Net Working Capital | $ 1.1 B | |
| LIQUIDITY | ||
| Cash Ratio | 2.453 | |
| Current Ratio | 2.636 | |
| Current Ratio QoQ | 2.78 % | |
| Current Ratio YoY | 0.375 % | |
| Current Ratio IPRWA | high: 9.787 MNDY: 2.636 mean: 1.693 median: 1.335 low: 0.079 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | -15.437 | |
| Cost Of Debt | 0.0 % | |
| Interest Coverage Ratio | -1155.1 | |
| Interest Coverage Ratio QoQ | -217.915 % | |
| Interest Coverage Ratio YoY | -743.868 % | |
| Interest Coverage Ratio IPRWA | high: 181.115 median: 41.426 mean: 37.811 low: -203.84 MNDY: -1155.1 |
|
| Operating Cash Flow Ratio | 0.008 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 116.77 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 6.375 % | |
| Revenue Growth | 5.939 % | |
| Revenue Growth QoQ | 11.489 % | |
| Revenue Growth YoY | -32.877 % | |
| Revenue Growth IPRWA | high: 32.808 % median: 8.562 % mean: 6.948 % MNDY: 5.939 % low: -21.897 % |
|
| Earnings Growth | 109.615 % | |
| Earnings Growth QoQ | 5818.737 % | |
| Earnings Growth YoY | 102.623 % | |
| Earnings Growth IPRWA | high: 157.143 % MNDY: 109.615 % median: 5.491 % mean: 4.579 % low: -200.0 % |
|
| MARGINS | ||
| Gross Margin | 89.575 % | |
| Gross Margin QoQ | -0.245 % | |
| Gross Margin YoY | -0.4 % | |
| Gross Margin IPRWA | high: 91.297 % MNDY: 89.575 % mean: 72.292 % median: 67.98 % low: 33.069 % |
|
| EBIT Margin | -3.863 % | |
| EBIT Margin QoQ | -211.294 % | |
| EBIT Margin YoY | -608.289 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 42.991 % mean: 34.328 % MNDY: -3.863 % low: -124.558 % |
|
| Return On Sales (ROS) | -3.863 % | |
| Return On Sales QoQ | -211.294 % | |
| Return On Sales YoY | -608.289 % | |
| Return On Sales IPRWA | high: 76.082 % median: 36.932 % mean: 34.087 % MNDY: -3.863 % low: -117.376 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 60.0 M | |
| Free Cash Flow Yield | 0.484 % | |
| Free Cash Flow Yield QoQ | -39.876 % | |
| Free Cash Flow Yield YoY | 5.908 % | |
| Free Cash Flow Yield IPRWA | high: 6.936 % median: 0.694 % mean: 0.528 % MNDY: 0.484 % low: -13.154 % |
|
| Free Cash Growth | -44.161 % | |
| Free Cash Growth QoQ | -192.258 % | |
| Free Cash Growth YoY | 1.599 % | |
| Free Cash Growth IPRWA | high: 278.713 % median: 25.957 % mean: 12.287 % MNDY: -44.161 % low: -316.997 % |
|
| Free Cash To Net Income | 38.162 | |
| Cash Flow Margin | 1.734 % | |
| Cash Flow To Earnings | 3.296 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.083 % | |
| Return On Assets QoQ | -94.656 % | |
| Return On Assets YoY | -91.708 % | |
| Return On Assets IPRWA | high: 14.05 % median: 4.609 % mean: 3.681 % MNDY: 0.083 % low: -24.058 % |
|
| Return On Capital Employed (ROCE) | -0.895 % | |
| Return On Equity (ROE) | 0.001 | |
| Return On Equity QoQ | -94.699 % | |
| Return On Equity YoY | -91.608 % | |
| Return On Equity IPRWA | high: 0.214 median: 0.079 mean: 0.07 MNDY: 0.001 low: -0.337 |
|
| DuPont ROE | 0.137 % | |
| Return On Invested Capital (ROIC) | -0.597 % | |
| Return On Invested Capital QoQ | -167.154 % | |
| Return On Invested Capital YoY | 393.388 % | |
| Return On Invested Capital IPRWA | high: 14.534 % median: 6.508 % mean: 5.552 % MNDY: -0.597 % low: -13.655 % |
|