Business
monday.com Announces First Quarter 2025 Results
First quarter revenue of $282.3 million grew 30% year over year Achieved record GAAP and non-GAAP operating income Achieved record adjusted free cash flow
About this update from Monday.com Ltd.
[{"type":"text","content":"\nFirst quarter revenue of $282.3 million grew 30% year over year\n\nAchieved record GAAP and non-GAAP operating income\n\nAchieved record adjusted free cash flow\n\n NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--\nmonday.com (NASDAQ: MNDY), the global software company that transforms how businesses run, today reported financial results for its first quarter ended March 31, 2025.\n\nManagement Commentary:\n\n“We are thrilled to report an outstanding start to 2025, highlighted by strong revenue growth in the first quarter, record operating profit, and our highest-ever adjusted free cash flow for a single quarter,” said monday.com co-founders and co-CEOs, Roy Mann and Eran Zinman. “These results are a testament to the strength of our multi-product platform, the dedication of our teams, and our relentless focus on operational excellence.”\n\n“Our strong financial performance and disciplined execution position us well to navigate uncertainties ahead,” said Eliran Glazer, monday.com CFO. “As we continue to invest in innovation, including the launch of new enterprise work management capabilities and AI-powered features, we are confident in our ability to execute our strategy and capitalize on the significant growth opportunities before us.”\n\nFirst Quarter Fiscal 2025 Financial Highlights:\n\n\nRevenue was $282.3 million, an increase of 30% year-over-year.\n\n\nGAAP operating income was $9.8 million compared to a loss of $5.0 million in the first quarter of 2024; GAAP operating margin was 3% compared to negative 2% in the first quarter of 2024.\n\n\nNon-GAAP operating income was $40.8 million compared to $21.5 million in the first quarter of 2024; non-GAAP operating margin was 14%, compared to 10% in the first quarter of 2024.\n\n\nGAAP basic and diluted net income per share was $0.54 and $0.52, respectively, compared to GAAP basic and diluted net income per share of $0.14 in the first quarter of 2024; non-GAAP basic and diluted net income per share was $1.14 and $1.10, respectively, compared to non-GAAP basic and diluted net income per share of $0.64 and $0.61, respectively, in the first quarter of 2024.\n\n\nNet cash provided by operating activities was $112.0 million, with $109.5 million of adjusted free cash flow, compared to net cash provided by operating activities of $92.0 million and $89.9 million of free cash flow in the fir...