← monday.com Ltd.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $78.1m | $161.1m | $308.1m | $519.0m | $729.7m | $972.0m | $1.2b | |
| Cost of revenue | $12.0m | $22.5m | $39.0m | $66.5m | $80.6m | $103.7m | $133.1m | |
| Gross profit | $66.1m | $138.6m | $269.1m | $452.5m | $649.0m | $868.3m | $1.1b | |
| Research and development | $24.6m | $43.5m | $73.7m | $127.0m | $156.5m | $213.7m | $320.8m | |
| Total operating expenses | $158.6m | $289.2m | $395.3m | $604.5m | $687.6m | $889.3m | $1.1b | |
| Sales and marketing | $118.5m | $191.4m | $268.1m | $392.1m | $438.4m | $533.5m | $630.9m | |
| General and administrative | $15.5m | $54.3m | $53.5m | $85.4m | $92.7m | $142.1m | $149.0m | |
| Operating loss | ($92.5m) | ($150.5m) | ($126.1m) | ($152.0m) | ($38.6m) | ($21.0m) | ($1.7m) | |
| Financial income, net | — | $526k | ($838k) | $22.6m | $41.9m | $55.5m | $61.1m | |
| Income before income taxes | ($90.9m) | ($150.0m) | ($127.0m) | ($129.5m) | $3.3m | $34.5m | $59.3m | |
| Net income (loss) | ($91.6m) | ($152.2m) | ($129.3m) | ($136.9m) | ($1.9m) | $32.4m | $118.7m | |
| Net income (loss) per share attributable to ordinary shareholders’, basic | — | ($14) | ($5) | ($3) | ($0) | $1 | $2 | |
| Net income (loss) per share attributable to ordinary shareholders’, diluted | ($9) | ($14) | ($5) | ($3) | ($0) | $1 | $2 | |
| Weighted-average ordinary shares used in calculating net income (loss) per ordinary share, basic | — | $12.0m | $30.3m | $45.8m | $48.4m | $49.9m | $51.4m | |
| Weighted-average ordinary shares used in calculating net income (loss) per ordinary share, diluted | — | $12.0m | $30.3m | $45.8m | $48.4m | $52.4m | $53.1m | |
| Income tax benefit (expense) | ($683k) | ($2.2m) | ($2.3m) | ($7.4m) | ($5.2m) | ($2.1m) | $59.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.