monday.com Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $118.7M | $32.4M | $-1.9M | $-136.9M | $-129.3M | $-152.2M | $-91.6M |
| Depreciation & Amortization | $13.8M | $11.9M | $9.0M | $8.6M | $2.7M | $1.9M | $579.0K |
| Depreciation | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — |
| Stock-Based Compensation | $177.0M | $129.2M | $100.2M | $104.9M | $73.5M | $64.3M | $21.8M |
| Net Cash from Operating Activities | $333.6M | $311.1M | $215.4M | $27.1M | $16.4M | $-37.2M | $-36.7M |
| Investing Activities | |||||||
| Capital Expenditures | $20.4M | $13.2M | $7.9M | $16.0M | $11.6M | $4.4M | $1.4M |
| Business Acquisitions | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-133.7M | $-70.8M | $-10.5M | $-19.0M | $-3.6M | $-11.5M | $13.2M |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | $135.0M | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $-108.4M | $55.2M | $25.3M | $-9.1M | $742.3M | $8.5M | $158.4M |
| Net Change in Cash | $91.5M | $295.5M | $230.2M | $-918.0K | $755.0M | $-40.2M | $135.0M |
| Free Cash Flow | $313.3M | $297.9M | $207.5M | $11.1M | $4.8M | $-41.5M | $-38.1M |