NASDAQ$MNDY
Monday.com · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
monday.com grows Q1 revenue 24% to $351M and launches AI Work Platform with native agents
monday.com reported first-quarter 2026 results on May 11, with revenue of $351.3 million, up 24% year-over-year, and record GAAP and non-GAAP operating income. GAAP operating income was $19.8 million (6% margin) versus $9.8 million (3%) a year ago, while non-GAAP operating income reached $49.0 million (14% margin). Diluted GAAP EPS was $0.57 and non-GAAP diluted EPS was $1.15. The company added a record number of customers with more than $500,000 in ARR, expanded enterprise penetration, and launched its AI Work Platform with native agents and a seats-plus-credits pricing model. Net dollar retention was 110% overall and 115% for customers above $100,000 ARR. Management guided Q2 revenue of $354–$356 million and full-year 2026 revenue of $1.466–$1.474 billion.
- Revenue of $351.3M grew 24% YoY; GAAP operating income hit a record $19.8M (6% margin) and non-GAAP operating income was $49.0M (14%).
- Diluted non-GAAP EPS was $1.15 versus $1.10 in Q1 2025; adjusted free cash flow was $102.8M.
- Customers with >$500K ARR rose 74% to 99; customers with >$100K ARR grew 39% to 1,844 and now represent 29% of ARR.
- Net dollar retention was 110% overall and 115% for >$100K ARR customers; cRPO grew 26% to $716M.
- Launched AI Work Platform with native agents and agreed to acquire OneAI; repurchased ~7.3M shares for ~$553M in Q1.
Headline financials
Revenue & EPS history
Monday.com · Revenue · Quarterly
$351M
Forward guidance
For Q2 2026, monday.com expects revenue of $354–$356M (18–19% YoY growth) and non-GAAP operating income of $46–$48M (13–14% margin). Full-year 2026 revenue is guided to $1.466–$1.474B (19–20% growth) with non-GAAP operating income of $185–$191M (~13% margin) and adjusted free cash flow of $280–$290M.
Tailwinds
- Enterprise momentum with large-customer ARR mix rising and record net adds above $500K ARR.
- AI Work Platform and consumption-based pricing expected to expand monetization as AI usage scales.
- Internal AI productivity gains support operating leverage without proportional headcount growth.
Headwinds
- FX expected to pressure margins by 100–200 bps in Q2 and full year.
- Adjusted free cash flow declined modestly YoY to $102.8M from $109.5M in Q1 2025.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2026
+3.8%
Avg return
Earnings day
+4.2%
Avg return
5 days after
+3.8%
Avg return
30 days after
60%
12 / 20 earnings
Positive
+45.3%
Q2 2021
Best reaction
-29.8%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.7% | -0.2% | +13.2% | |
| Q4 2025 | -20.8% | -26.1% | -22.4% | |
| Q3 2025 | -12.5% | -15.3% | -15.9% | |
| Q2 2025 | -29.8% | -29.1% | -24.5% | |
| Q1 2025 | +0.3% | +5.4% | +8.2% | |
| Q4 2024 | +26.5% | +23.3% | -3.2% | |
| Q3 2024 | -19.6% | -18.9% | -14.3% | |
| Q1 2024 | +25.6% | +26.1% | +24.6% | |
| Q4 2023 | -8.8% | -4.5% | -7.0% | |
| Q3 2023 | +16.8% | +21.1% | +29.5% | |
| Q2 2023 | +4.7% | +3.4% | +6.1% | |
| Q1 2023 | +14.3% | +14.2% | +39.5% | |
| Q4 2022 | +25.0% | +16.7% | +4.8% | |
| Q3 2022 | +13.3% | +1.7% | +28.7% | |
| Q2 2022 | +9.3% | +7.3% | -7.9% | |
| Q1 2022 | -4.1% | +3.5% | -5.7% | |
| Q4 2020 | +20.1% | +38.5% | +10.0% | |
| Q4 2021 | -17.5% | -10.5% | -15.2% | |
| Q3 2021 | -18.1% | -17.0% | -30.8% | |
| Q2 2021 | +45.3% | +43.7% | +57.3% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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