monday.com Ltd.

MNDY

Current Price: $157

IPO: 2021-06-10

monday.com Ltd., together with its subsidiaries, develops software applications in the United States, Europe, the Middle East, Africa, and internationally. It provides Work OS, a cloud-based visual work operating system that consists of modular building blocks used and assembled to create software applications and work management tools. The company also offers product solutions for marketing, CRM, project management, software development, and other fields; and business development, presale, and customer success services. It serves organizations, educational or government institution, and distinct business unit of an organization. The company was formerly known as DaPulse Labs Ltd. and changed its name to monday.com Ltd. in November 2017. monday.com Ltd. was incorporated in 2012 and is headquartered in Tel Aviv-Yafo, Israel.

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Income Statement

Revenue

Year Q1 Q2 Q3 Q4
2020 $31.93m $36.46m $42.59m $50.14m
2021 $58.97m $70.62m $83.02m $95.55m
2022 $108.5m $123.7m $136.9m $149.9m
2023 $162.3m $175.7m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 84.7% 93.68% 94.91% 90.55%
2022 83.98% 75.2% 64.9% 56.91%
2023 49.55% 42.0% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 27.04m 34.16m 40.43m 45.4m
2022 49.53m 53.1m 53.88m 54.38m
2023 53.76m 51.96m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 14.19% 16.82% 17.73%
2021 17.61% 19.74% 17.56% 15.09%
2022 13.56% 14.03% 10.65% 9.52%
2023 8.23% 8.27% - -

Cost Of Revenue

Year Q1 Q2 Q3 Q4
2020 $4.591m $4.883m $6.333m $6.681m
2021 $7.924m $9.108m $10.21m $11.77m
2022 $14.61m $16.73m $17.83m $17.36m
2023 $17.01m $19.52m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 72.6% 86.52% 61.27% 76.14%
2022 84.36% 83.68% 74.58% 47.51%
2023 16.46% 16.65% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 3.333m 4.225m 3.88m 5.087m
2022 6.685m 7.622m 7.617m 5.591m
2023 2.405m 2.786m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 6.36% 29.69% 5.5%
2021 18.6% 14.94% 12.13% 15.23%
2022 24.14% 14.52% 6.58% -2.64%
2023 -1.99% 14.71% - -

Gross Profit

Year Q1 Q2 Q3 Q4
2020 $27.34m $31.58m $36.26m $43.46m
2021 $51.05m $61.51m $72.81m $83.78m
2022 $93.89m $107m $119.1m $132.6m
2023 $145.2m $156.2m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 86.73% 94.78% 100.79% 92.76%
2022 83.92% 73.94% 63.54% 58.23%
2023 54.7% 45.96% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 23.71m 29.93m 36.55m 40.32m
2022 42.84m 45.48m 46.26m 48.79m
2023 51.35m 49.18m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 15.51% 14.83% 19.86%
2021 17.46% 20.49% 18.37% 15.07%
2022 12.07% 13.95% 11.29% 11.34%
2023 9.57% 7.52% - -

Gross Profit Ratio

Year Q1 Q2 Q3 Q4
2020 85.62% 86.61% 85.13% 86.68%
2021 86.56% 87.10% 87.70% 87.68%
2022 86.54% 86.48% 86.98% 88.42%
2023 89.51% 88.89% - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.1% 0.57% 3.02% 1.16%
2022 -0.03% -0.72% -0.82% 0.84%
2023 3.44% 2.79% - -

Research & Development Expenses

Year Q1 Q2 Q3 Q4
2020 $6.651m $12.78m $12.62m $11.43m
2021 $15.58m $16.27m $19.88m $21.96m
2022 $26.54m $33.96m $33.98m $32.56m
2023 $37.06m $39.11m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 134.27% 27.31% 57.49% 92.15%
2022 70.34% 108.73% 70.99% 48.28%
2023 39.64% 15.15% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 8.93m 3.49m 7.255m 10.53m
2022 10.96m 17.69m 14.11m 10.6m
2023 10.52m 5.144m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 92.17% -1.26% -9.45%
2021 36.34% 4.43% 22.15% 10.49%
2022 20.87% 27.96% 0.06% -4.19%
2023 13.83% 5.51% - -

General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 $3.745m $7.351m $6.415m $36.83m
2021 $10.27m $11.65m $14.7m $16.88m
2022 $18.87m $22.47m $22.35m $21.72m
2023 $23.25m $21.78m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 174.13% 58.45% 129.12% -54.16%
2022 83.81% 92.87% 52.05% 28.65%
2023 23.22% -3.05% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 6.521m 4.297m 8.283m -19.95m
2022 8.604m 10.82m 7.65m 4.836m
2023 4.381m -685k - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 96.29% -12.73% 474.09%
2021 -72.12% 13.46% 26.18% 14.85%
2022 11.78% 19.06% -0.53% -2.82%
2023 7.06% -6.32% - -

Selling & Marketing Expenses

Year Q1 Q2 Q3 Q4
2020 $36.95m $39.64m $57.87m $56.9m
2021 $63.05m $61.06m $67.44m $76.54m
2022 $116m $96.74m $90.97m $88.39m
2023 $107.7m $107.4m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 70.65% 54.04% 16.54% 34.51%
2022 83.94% 58.44% 34.88% 15.48%
2023 -7.15% 11.06% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 26.1m 21.42m 9.572m 19.63m
2022 52.93m 35.68m 23.53m 11.85m
2023 -8.293m 10.7m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 7.28% 46.01% -1.68%
2021 10.8% -3.16% 10.46% 13.48%
2022 51.53% -16.58% -5.96% -2.84%
2023 21.83% -0.22% - -

Selling General & Administrative Expenses

Year Q1 Q2 Q3 Q4
2020 $40.69m $46.99m $64.29m $93.73m
2021 $73.31m $72.71m $82.14m $93.42m
2022 $134.8m $119.2m $113.3m $110.1m
2023 $130.9m $129.2m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 80.18% 54.73% 27.77% -0.33%
2022 83.93% 63.96% 37.96% 17.86%
2023 -2.9% 8.4% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 32.62m 25.72m 17.86m -313k
2022 61.53m 46.5m 31.18m 16.69m
2023 -3.912m 10.02m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 15.48% 36.82% 45.8%
2021 -21.78% -0.83% 12.98% 13.73%
2022 44.35% -11.6% -4.94% -2.84%
2023 18.92% -1.3% - -

Other Expenses

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -
2022 - - - -
2023 - - - -

Operating Expenses

Year Q1 Q2 Q3 Q4
2020 $47.34m $59.77m $76.91m $105.2m
2021 $88.9m $88.98m $102m $115.4m
2022 $161.4m $153.2m $147.3m $142.7m
2023 $168m $168.3m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 87.78% 48.87% 32.65% 9.72%
2022 81.54% 72.15% 44.39% 23.65%
2023 4.1% 9.9% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 41.55m 29.21m 25.11m 10.22m
2022 72.49m 64.19m 45.29m 27.29m
2023 6.61m 15.16m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 26.25% 28.67% 36.73%
2021 -15.46% 0.09% 14.66% 13.1%
2022 39.88% -5.09% -3.83% -3.15%
2023 17.76% 0.2% - -

Cost & Expenses

Year Q1 Q2 Q3 Q4
2020 $51.93m $64.65m $83.24m $111.8m
2021 $96.82m $98.08m $112.2m $127.1m
2022 $176m $169.9m $165.1m $160m
2023 $185m $187.8m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 86.43% 51.71% 34.83% 13.68%
2022 81.78% 73.22% 47.14% 25.86%
2023 5.12% 10.56% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 44.89m 33.43m 28.99m 15.31m
2022 79.17m 71.81m 52.9m 32.88m
2023 9.015m 17.95m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 24.49% 28.75% 34.36%
2021 -13.43% 1.31% 14.42% 13.29%
2022 38.42% -3.46% -2.81% -3.1%
2023 15.61% 1.53% - -

Interest Expense

Year Q1 Q2 Q3 Q4
2020 $181k - - -
2021 $173k - - $-173k
2022 $-1.993m $2.452m $6.972m $11.14m
2023 $-9.883m - - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -4.42% - - -Infinity%
2022 -1252.02% - - -6537.57%
2023 395.89% - - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -8k - - -173k
2022 -2.166m 2.452m 6.972m 11.31m
2023 -7.89m - - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - -Infinity%
2022 1052.02% -223.03% 184.34% 59.74%
2023 -188.74% - - -

Depreciation & Amortization

Year Q1 Q2 Q3 Q4
2020 $346k $441k $510k $591k
2021 $547k $527k $709k $963k
2022 $1.127m $1.397m $2.86m $3.183m
2023 $1.972m $2.164m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 58.09% 19.5% 39.02% 62.94%
2022 106.03% 165.09% 303.39% 230.53%
2023 74.98% 54.9% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 201k 86k 199k 372k
2022 580k 870k 2.151m 2.22m
2023 845k 767k - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 27.46% 15.65% 15.88%
2021 -7.45% -3.66% 34.54% 35.83%
2022 17.03% 23.96% 104.72% 11.29%
2023 -38.05% 9.74% - -

Ebitda

Year Q1 Q2 Q3 Q4
2020 $-19.27m $-27.75m $-40.14m $-59.91m
2021 $-37.37m $-26.94m $-28.5m $-30.64m
2022 $-66.37m $-44.78m $-25.38m $-6.917m
2023 $-20.78m $-10m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 93.88% -2.91% -28.99% -48.86%
2022 77.61% 66.22% -10.96% -77.42%
2023 -68.69% -77.66% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -18.09m 808k 11.64m 29.27m
2022 -29m -17.84m 3.123m 23.72m
2023 45.59m 34.78m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 43.98% 44.64% 49.26%
2021 -37.63% -27.9% 5.79% 7.48%
2022 116.64% -32.52% -43.33% -72.75%
2023 200.42% -51.86% - -

Operating Income

Year Q1 Q2 Q3 Q4
2020 $-20m $-28.19m $-40.65m $-61.7m
2021 $-37.85m $-27.47m $-29.21m $-31.6m
2022 $-67.5m $-46.18m $-28.24m $-10.1m
2023 $-22.75m $-12.17m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 89.21% -2.56% -28.13% -48.78%
2022 78.34% 68.12% -3.33% -68.04%
2023 -66.29% -73.65% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -17.84m 722k 11.44m 30.1m
2022 -29.65m -18.71m 972k 21.5m
2023 44.74m 34.01m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 40.93% 44.18% 51.78%
2021 -38.66% -27.42% 6.34% 8.17%
2022 113.61% -31.58% -38.85% -64.23%
2023 125.27% -46.52% - -

Operating Income Ratio

Year Q1 Q2 Q3 Q4
2020 $-0.6265 $-0.7732 $-0.9543 $-1.23
2021 $-0.6418 $-0.389 $-0.3519 $-0.3307
2022 $-0.6221 $-0.3733 $-0.2063 $-0.06737
2023 $-0.1402 $-0.06926 - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 2.44% -49.69% -63.13% -73.12%
2022 -3.07% -4.04% -41.37% -79.63%
2023 -77.46% -81.45% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -0.0153 0.3842 0.6025 0.8997
2022 0.01968 0.01573 0.1456 0.2633
2023 0.4819 0.304 - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 23.42% 23.43% 28.93%
2021 -47.84% -39.39% -9.55% -6.01%
2022 88.11% -40.0% -44.74% -67.34%
2023 108.14% -50.61% - -

Total Other Income Expenses Net

Year Q1 Q2 Q3 Q4
2020 $146k $141k $239k $-203k
2021 $-166k $-359k $-220k $147k
2022 $1.993m $2.452m $6.972m $11.14m
2023 $9.883m $7.612m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -213.7% -354.61% -192.05% -172.41%
2022 -1300.6% -783.01% -3269.09% 7476.19%
2023 395.89% 210.44% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -312k -500k -459k 350k
2022 2.159m 2.811m 7.192m 10.99m
2023 7.89m 5.16m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - -3.42% 69.5% -184.94%
2021 -18.23% 116.27% -38.72% -166.82%
2022 1255.78% 23.03% 184.34% 59.74%
2023 -11.26% -22.98% - -

Income Before Tax

Year Q1 Q2 Q3 Q4
2020 $-19.65m $-28.05m $-40.41m $-61.9m
2021 $-38.25m $-27.83m $-29.43m $-31.45m
2022 $-65.5m $-43.73m $-21.27m $1.037m
2023 $-12.87m $-4.555m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 94.63% -0.79% -27.17% -49.19%
2022 71.24% 57.14% -27.74% -103.3%
2023 -80.35% -89.58% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -18.6m 222k 10.98m 30.45m
2022 -27.25m -15.9m 8.164m 32.49m
2023 52.63m 39.17m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 42.72% 44.06% 53.19%
2021 -38.2% -27.25% 5.76% 6.86%
2022 108.27% -33.24% -51.37% -104.88%
2023 -1340.98% -64.6% - -

Income Tax Expense

Year Q1 Q2 Q3 Q4
2020 $209k $350k $671k $962k
2021 $699k $1.063m $-585k $1.154m
2022 $1.175m $1.943m $1.763m $2.525m
2023 $1.798m $2.48m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 234.45% 203.71% -187.18% 19.96%
2022 68.1% 82.78% -401.37% 118.8%
2023 53.02% 27.64% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 490k 713k -1.256m 192k
2022 476k 880k 2.348m 1.371m
2023 623k 537k - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 67.46% 91.71% 43.37%
2021 -27.34% 52.07% -155.03% -297.26%
2022 1.82% 65.36% -9.26% 43.22%
2023 -28.79% 37.93% - -

Net Income

Year Q1 Q2 Q3 Q4
2020 $-19.86m $-28.4m $-41.08m $-62.86m
2021 $-38.95m $-28.89m $-28.85m $-32.61m
2022 $-66.68m $-45.67m $-23.03m $-1.488m
2023 $-14.67m $-7.035m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 96.1% 1.73% -29.78% -48.13%
2022 71.18% 58.08% -20.16% -95.44%
2023 -78.0% -84.6% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -19.09m -491k 12.23m 30.26m
2022 -27.73m -16.78m 5.816m 31.12m
2023 52.01m 38.64m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 42.98% 44.64% 53.02%
2021 -38.03% -25.83% -0.16% 13.03%
2022 104.5% -31.51% -49.57% -93.54%
2023 885.69% -52.04% - -

Balance Sheet

Deferred Revenue

Year Q1 Q2 Q3 Q4
2020 - - - $72.28m
2021 $90.14m $101.9m $117.2m $134.4m
2022 $160.9m $177.9m $189.4m $198.1m
2023 $229.1m $246.6m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 - - - 86.01%
2022 78.53% 74.53% 61.63% 47.35%
2023 42.34% 38.64% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 90.14m 101.9m 117.2m 62.16m
2022 70.79m 75.96m 72.21m 63.66m
2023 68.13m 68.73m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 24.72% 13.07% 14.96% 14.73%
2022 19.71% 10.53% 6.47% 4.6%
2023 15.63% 7.66% - -

Cash Flow

Operating Cash Flow

Year Q1 Q2 Q3 Q4
2020 $-5.133m $-13.85m $-7.24m $-10.95m
2021 $-599k $-355k $3.793m $13.52m
2022 $-12.91m $-14.06m $20.03m $34.08m
2023 $42.73m $47.59m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -88.33% -97.44% -152.39% -223.41%
2022 2055.59% 3860.85% 428.08% 152.15%
2023 -430.92% -438.45% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 4.534m 13.5m 11.03m 24.47m
2022 -12.31m -13.71m 16.24m 20.57m
2023 55.64m 61.65m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 169.82% -47.73% 51.27%
2021 -94.53% -40.73% -1168.45% 256.34%
2022 -195.53% 8.9% -242.45% 70.15%
2023 25.37% 11.38% - -

Free Cash Flow

Year Q1 Q2 Q3 Q4
2020 $-6.384m $-15.13m $-7.918m $-13.22m
2021 $-5.262m $-2.431m $180k $10.11m
2022 $-16.19m $-19.3m $13.96m $29.67m
2023 $38.68m $45.93m - -

YoY % Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 -17.58% -83.93% -102.27% -176.46%
2022 207.72% 693.71% 7655.0% 193.42%
2023 -338.9% -338.05% - -

YoY Change

Year Q1 Q2 Q3 Q4
2020 - - - -
2021 1.122m 12.7m 8.098m 23.33m
2022 -10.93m -16.86m 13.78m 19.56m
2023 54.87m 65.23m - -

QoQ % Change

Year Q1 Q2 Q3 Q4
2020 - 137.03% -47.67% 66.99%
2021 -60.2% -53.8% -107.4% 5516.67%
2022 -260.16% 19.16% -172.35% 112.52%
2023 30.4% 18.74% - -