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monday.com (MNDY) investor relations material
monday.com Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved Q3 revenue of $317 million, up 26% year-over-year, with record non-GAAP operating and net income, and 100% of revenue from subscriptions.
Significant upmarket momentum, with 37% YoY growth in $50K+ ARR customers and 48% YoY growth in $100K+ ARR customers, and robust multi-product and AI-powered offering adoption.
Customer base expanded to 245,000 across 200+ industries and 200+ global markets, with a 22% CAGR from 2019–2024.
Hosted major Investor Day and Elevate User Conferences, boosting engagement and pipeline for 2026.
New products now account for over 10% of total ARR, with rapid adoption of AI-powered solutions.
Financial highlights
Q3 revenue reached $317 million, up 26% year-over-year, with a gross margin of 90%.
Non-GAAP operating income was $47.5 million (15% margin); net income was $61.9 million; diluted EPS was $1.16.
Adjusted free cash flow was $92.3 million (29% margin); net cash from operations was $95.1 million.
Ended Q3 with $1.53 billion in cash and $211.7 million in marketable securities.
Remaining performance obligations reached $747 million, up 36% year-over-year.
Outlook and guidance
Q4 2025 revenue expected between $328–$330 million (22–23% YoY growth); non-GAAP operating income of $36–$38 million (11–12% margin).
FY2025 revenue guidance of $1,226–$1,228 million (26% YoY growth); non-GAAP operating income of $167–$169 million (14% margin).
FY2025 adjusted free cash flow expected at $330–$334 million (27% margin).
Reaffirmed FY2027 revenue target of $1.8 billion, with confidence in achieving consensus for FY2026.
Strategic focus on leveraging AI-driven solutions to automate and execute work, closing the adoption gap.
- TimeTickerHeadlineOpen
- 7 FebGICRE
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Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
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Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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