NASDAQ$MNDY

Monday.com · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

monday.com reported strong Q4 FY24 results with revenue growth of 32% YoY to $268.0 million. The company achieved record non-GAAP operating income and increased net dollar retention rate to 112%.

Headline financials

Total Revenue

$268M

Previous: $203M+32.3%
EPS (adj)

$1.08

Previous: $0.65+66.2%
Customers 10+ Users

59.2K

No prior period
Customers >$50K ARR

3.2K

No prior period
Customers >$100K ARR

1.2K

No prior period
Customers >$500K ARR

50

No prior period
Total RPO

$614M

No prior period
Current RPO

$516M

No prior period
Capital Expenditures

-$4.05M

No prior period
Net Income

$23M

Previous: $12.3M+86.5%
Operating Income

$9.6M

Previous: -$1.15M+938.1%
Gross Profit

$237M

Previous: $180M+31.8%
R&D Expense

$62.3M

No prior period

Revenue & EPS history

Monday.com · Revenue · Quarterly

$268M

Q4 2024+32.3%vs Q4 2023
Beat estimate in 10 of 13 quarters(77%)
ActualEstimate

Forward guidance

monday.com expects continued revenue growth in Q1 FY25 and FY25, with a focus on AI-powered products and operational efficiencies.

Tailwinds

  • Projected Q1 FY25 revenue growth of 26% to 27%.
  • Full-year FY25 revenue expected to grow 24% to 26%.
  • Non-GAAP operating margin projected to improve to 11%-12%.
  • Anticipated free cash flow of $300M to $308M for FY25.
  • Expansion of AI offerings with Digital Workforce and AI Agents.

Headwinds

  • Foreign exchange impact expected to be negative 100 to 200 basis points.
  • Higher operating expenses to support AI investments.
  • Continued macroeconomic uncertainties affecting enterprise spending.
  • Competitive pressures in the work management software market.
  • Potential volatility in customer retention rates.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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