Recent News
On September 15, 2025 the board approved a share-repurchase program of up to $870 million announced ahead of the company’s Investor Day.
monday.com scheduled its 2025 Investor Day for September 17, 2025 coinciding with its Elevate customer conference, with management presenting AI strategy and product road map.
On August 15, 2025 the company expanded its partner program to add AI and Service specializations designed to prioritize partners with AI implementations and large service engagements.
Technical Analysis
ADX at 22.7 signals an emerging trend strength, implying recent directional moves carry developing conviction but lack strong extension.
DI+ sits at 24.02 and is increasing, a bullish directional-indicator reading; DI- at 16.38 and decreasing reinforces that short-term directional bias.
MACD reads 1.43 with the MACD line above the signal line (-0.89) and the MACD trend increasing; the cross above the signal line constitutes a bullish momentum confirmation that supports near-term upside bias.
MRO equals 2.91 with a peak & reversal pattern; price sits above the implied target and that MRO configuration signals potential downward pressure if momentum stalls.
RSI at 47.56 and increasing shows building buying interest from neutral territory rather than overbought conditions, supporting modest upside without immediate exhaustion.
Price trades above the 20-day ($193.32) and 50-day ($192.42) averages but remains below the 200-day average ($250.64); that alignment favors short-term continuation while the 200-day average acts as a larger resistance barrier.
Bollinger band placement (upper ~ $203–$213, lower ~ $173–$183) places the current close ($205.12) near the upper band, consistent with short-term strength but with limited immediate volatility cushion given a 20-day stdev of $10.05.
Fundamental Analysis
Total revenue measured $299,014,000. Quarter-over-quarter revenue growth registered +11.49% while year-over-year revenue growth showed -32.88%, indicating a short-term acceleration against a weaker year-on-year base. QoQ improvement supports the near-term technical tilt, but YoY contraction highlights comparability headwinds.
Operating (EBIT) loss totaled -$11,551,000 and EBIT margin equaled -3.86%, materially below the industry peer mean of 34.32% and the industry peer median of 43.47%, which signals lower operating profitability versus peers on margin metrics.
Net income from continuing operations registered $1,573,000 while EPS actual reached $1.09 versus an estimate of $0.86, producing an EPS surprise of +26.74%; that upside to consensus provides an earnings beat signal that supports short-term sentiment. Free cash flow totaled $60,029,000 with a free-cash-flow yield near 0.48%, roughly in line with the industry peer mean of 0.53% for that measure.
Gross margin equals 89.58%, above the industry peer mean of 72.29% and the median of 68.59%, reflecting strong unit economics at the gross-profit level even while operating costs compress margins further down the income statement.
Liquidity metrics show cash and short-term investments of $1,650,617,000, a current ratio of 2.64 and a cash ratio of 2.45, indicating ample near-term liquidity relative to current obligations.
Valuation metrics remain elevated: trailing P/E about 258x, forward P/E about 308x, price-to-sales roughly 41.49x and price-to-book near 10.40x. The current valuation as determined by WMDST classifies the stock as over-valued given those multiples relative to cash-flow metrics and operating losses.
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: 91.222 median: 82.154 low: -577.222 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: 0.098 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: 34.07 mean: 12.071 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: 131.806 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: 45.688 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: 4.687 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: 1.353 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: 54.034 mean: 37.796 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: 9.099 % mean: 6.946 % MNDY: 5.939 % low: -28.474 % |
|
| 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: 4.583 % 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: 72.291 % median: 68.585 % low: 33.069 % |
|
| EBIT Margin | -3.863 % | |
| EBIT Margin QoQ | -211.294 % | |
| EBIT Margin YoY | -608.289 % | |
| EBIT Margin IPRWA | high: 74.313 % median: 43.473 % mean: 34.323 % 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: 44.901 % mean: 34.082 % 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: -8.108 % |
|
| 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: 12.285 % 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: 18.439 % median: 4.609 % mean: 3.911 % 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: 14.979 % median: 7.176 % mean: 5.606 % MNDY: -0.597 % low: -13.978 % |
|