monday.com Ltd.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $972.0M | $729.7M | $519.0M | $308.2M | $161.1M | $78.1M |
| Cost of Revenue | $133.1M | $103.7M | $80.6M | $66.5M | $39.0M | $22.5M | $12.0M |
| Gross Profit | $1.10B | $868.3M | $649.1M | $452.5M | $269.1M | $138.6M | $66.1M |
| Gross Margin | 89.2% | 89.3% | 88.9% | 87.2% | 87.3% | 86.0% | 84.7% |
| Operating Expenses | |||||||
| Research & Development | $320.8M | $213.7M | $156.5M | $127.0M | $73.7M | $43.5M | $24.6M |
| SG&A Expense | $149.0M | $142.1M | $92.7M | $85.4M | $53.5M | $54.3M | $15.5M |
| Operating Income | $-1.7M | $-21.0M | $-38.6M | $-152.0M | $-126.1M | $-150.5M | $-92.5M |
| Operating Margin | -0.1% | -2.2% | -5.3% | -29.3% | -40.9% | -93.4% | -118.5% |
| Interest Expense | — | — | — | — | — | — | — |
| Pretax Income | $59.3M | $34.5M | $3.3M | $-129.5M | $-127.0M | $-150.0M | $-90.9M |
| Income Tax Expense | $-59.4M | $2.1M | $5.2M | $7.4M | $2.3M | $2.2M | $683.0K |
| Net Income | $118.7M | $32.4M | $-1.9M | $-136.9M | $-129.3M | $-152.2M | $-91.6M |
| Net Margin | 9.6% | 3.3% | -0.3% | -26.4% | -42.0% | -94.5% | -117.3% |
| EPS (Basic) | $2.31 | $0.65 | $-0.04 | $-2.99 | $-4.53 | $-4.73 | $-3.07 |
| EPS (Diluted) | $2.24 | $0.62 | $-0.04 | $-2.99 | $-4.53 | $-4.73 | $-3.07 |
| Shares Outstanding (Basic) | 51.4M | 49.9M | 48.4M | 45.8M | 30.3M | 36.1M | — |
| Shares Outstanding (Diluted) | 53.1M | 52.4M | 48.4M | 45.8M | 30.3M | 36.1M | — |
| Dividends Per Share | — | — | — | — | — | — | — |