← monday.com Ltd.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net Income | ($91.6m) | ($152.2m) | ($129.3m) | ($136.9m) | ($1.9m) | $32.4m | $118.7m | |
| Depreciation and amortization | $579k | $1.9m | $2.7m | $8.6m | $9.0m | $11.9m | $13.8m | |
| Amortization of discount and accretion of interest on marketable securities | — | — | — | $0 | $0 | ($227k) | ($2.1m) | |
| Deferred taxes, net | — | — | — | — | $0 | $0 | ($61.1m) | |
| Share-based compensation | $21.8m | $64.3m | $73.5m | $104.9m | $100.2m | $129.2m | $177.0m | |
| Capitalized share-based compensation costs | — | — | $1.5m | $1.9m | $2.0m | $1.1m | $1.8m | |
| Loss from sale of property and equipment | $0 | $0 | $76k | $0 | $0 | $576k | $290k | |
| Charitable share contribution to Foundation | — | — | — | $0 | $0 | $17.9m | $0 | |
| Accounts receivable, net | ($3.1m) | ($472k) | ($4.6m) | ($4.7m) | ($4.7m) | ($7.9m) | ($4.7m) | |
| Prepaid expenses and other assets | ($1.3m) | ($1.8m) | ($13.3m) | $6.5m | $11.8m | $16.3m | ($45.6m) | |
| Accounts payable | $8.9m | $6.8m | ($2.0m) | ($16.1m) | $17.4m | $10.4m | $8.5m | |
| Accrued expenses and other liabilities | $5.6m | $14.6m | $25.6m | $326k | $14.6m | $27.5m | $60.0m | |
| Deferred revenue | $22.5m | $29.7m | $63.7m | $64.5m | $68.9m | $73.1m | $69.0m | |
| Purchase of property and equipment | ($1.4m) | ($4.4m) | ($11.6m) | ($16.0m) | ($7.9m) | ($13.2m) | ($20.4m) | |
| Purchase of marketable securities | — | — | — | $0 | $0 | ($49.6m) | ($187.8m) | |
| Maturities of marketable securities | — | — | — | — | $0 | $0 | $77.9m | |
| Investments in affiliated company | — | — | — | $0 | $0 | ($6.0m) | $0 | |
| Capitalized software development costs | ($365k) | ($1.1m) | ($2.2m) | ($3.0m) | ($2.6m) | ($2.0m) | ($3.4m) | |
| Proceeds from exercise of share options and employee share purchase plan | $103k | $542k | $5.2m | $12.2m | $21.2m | $43.3m | $41.9m | |
| Receipt (repayment) of tax advance relating to exercises of share options and RSUs, net | — | $0 | $22.3m | ($21.2m) | $4.0m | $11.9m | ($15.2m) | |
| Repurchases of ordinary shares | — | — | — | — | $0 | $0 | ($135.0m) | |
| Capital lease payments | ($7k) | ($72k) | ($91k) | ($84k) | $0 | $0 | — | |
| Non-cash purchases of property and equipment | $221k | $232k | $92k | $205k | $105k | $368k | $937k | |
| Right-of-use asset recognized with corresponding lease liability | — | $0 | $0 | $97.3m | $93k | $68.7m | $79.2m | |
| Net cash provided by operating activities | ($36.6m) | ($37.2m) | $16.4m | $27.1m | $215.4m | $311.1m | $333.6m | |
| Net cash used in investing activities | $13.2m | ($11.5m) | ($3.6m) | ($19.0m) | ($10.5m) | ($70.8m) | ($133.7m) | |
| Net cash provided by (used in) financing activities | $158.4m | $8.5m | $742.3m | ($9.1m) | $25.3m | $55.2m | ($108.4m) | |
| INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS | $135.0m | ($40.2m) | $755.0m | ($918k) | $230.2m | $295.5m | $91.5m | |
| CASH, CASH EQUIVALENTS – Beginning of year | $172.0m | $131.8m | $886.8m | $885.9m | $1.1b | $1.4b | $1.5b | |
| Cash paid for interest | $522k | $685k | $421k | $62k | $25k | $0 | $0 | |
| Cash paid for income taxes, net | $250k | $2.5m | $3.3m | $5.9m | $7.6m | $6.2m | $4.9m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.