monday.com Ltd. (MNDY) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 351.26M | 333.88M | 316.86M | 299.01M | 282.25M | 267.98M | 251M | 236.11M | 216.91M | 202.57M | 189.19M | 175.68M | 162.26M | 149.92M | 136.89M | 123.72M | 108.5M | 95.55M | 83.02M | 70.61M |
| Revenue Growth % | 24.45% | 24.59% | 26.24% | 26.64% | 30.12% | 32.29% | 32.67% | 34.4% | 33.69% | 35.12% | 38.2% | 42% | 49.55% | 56.91% | 64.9% | 75.2% | 83.98% | 90.55% | - | - |
| Cost of Goods Sold | 38.12M | 37.33M | 35.79M | 31.17M | 28.8M | 30.5M | 25.97M | 23.76M | 23.45M | 22.41M | 21.71M | 19.52M | 17.01M | 17.36M | 17.83M | 16.73M | 14.61M | 11.77M | 10.21M | 9.11M |
| COGS % of Revenue | 10.85% | 11.18% | 11.29% | 10.43% | 10.21% | 11.38% | 10.35% | 10.06% | 10.81% | 11.06% | 11.47% | 11.11% | 10.49% | 11.58% | 13.02% | 13.52% | 13.46% | 12.32% | 12.3% | 12.9% |
| Gross Profit | 313.14M | 296.55M | 281.07M | 267.84M | 253.44M | 237.47M | 225.03M | 212.34M | 193.46M | 180.16M | 167.48M | 156.16M | 145.24M | 132.56M | 119.06M | 106.99M | 93.89M | 83.78M | 72.81M | 61.51M |
| Gross Margin % | 89.15% | 88.82% | 88.71% | 89.57% | 89.79% | 88.62% | 89.65% | 89.94% | 89.19% | 88.94% | 88.53% | 88.89% | 89.51% | 88.42% | 86.98% | 86.48% | 86.54% | 87.68% | 87.7% | 87.1% |
| Gross Profit Growth % | 23.55% | 24.87% | 24.9% | 26.14% | 31.01% | 31.81% | 34.36% | 35.98% | 33.2% | 35.91% | 40.67% | 45.96% | 54.7% | 58.23% | 63.54% | 73.94% | 83.92% | 92.76% | - | - |
| Operating Expenses | 293.39M | 294.16M | 283.44M | 279.39M | 243.65M | 227.88M | 252.43M | 210.55M | 198.48M | 181.31M | 170M | 168.33M | 167.99M | 142.66M | 147.3M | 153.17M | 161.38M | 115.38M | 102.02M | 88.98M |
| OpEx % of Revenue | 83.52% | 88.1% | 89.46% | 93.44% | 86.32% | 85.04% | 100.57% | 89.18% | 91.5% | 89.5% | 89.86% | 95.82% | 103.54% | 95.16% | 107.6% | 123.8% | 148.75% | 120.75% | 122.88% | 126% |
| Selling, General & Admin | 201.37M | 209.24M | 203.99M | 192.35M | 174.26M | 165.55M | 195.92M | 160.1M | 154.06M | 139.41M | 131.57M | 129.22M | 130.93M | 110.1M | 113.32M | 119.21M | 134.84M | 93.42M | 82.14M | 72.7M |
| SG&A % of Revenue | 57.33% | 62.67% | 64.38% | 64.33% | 61.74% | 61.78% | 78.06% | 67.81% | 71.02% | 68.82% | 69.54% | 73.56% | 80.69% | 73.44% | 82.78% | 96.35% | 124.28% | 97.77% | 98.94% | 102.96% |
| Research & Development | 92.02M | 84.92M | 79.45M | 87.04M | 69.39M | 62.33M | 56.51M | 50.45M | 44.42M | 41.9M | 38.43M | 39.11M | 37.06M | 32.56M | 33.98M | 33.96M | 26.54M | 21.96M | 19.88M | 16.27M |
| R&D % of Revenue | 26.2% | 25.44% | 25.08% | 29.11% | 24.58% | 23.26% | 22.51% | 21.37% | 20.48% | 20.68% | 20.31% | 22.26% | 22.84% | 21.72% | 24.83% | 27.45% | 24.46% | 22.98% | 23.94% | 23.04% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 19.75M | 2.38M | -2.38M | -11.55M | 9.8M | 9.6M | -27.4M | 1.79M | -5.02M | -1.15M | -2.52M | -12.17M | -22.75M | -10.1M | -28.24M | -46.18M | -67.5M | -31.6M | -29.21M | -27.47M |
| Operating Margin % | 5.62% | 0.71% | -0.75% | -3.86% | 3.47% | 3.58% | -10.92% | 0.76% | -2.32% | -0.57% | -1.33% | -6.93% | -14.02% | -6.74% | -20.63% | -37.33% | -62.21% | -33.07% | -35.19% | -38.9% |
| Operating Income Growth % | 101.65% | -75.15% | 91.32% | -743.87% | 295.06% | 938.08% | -986.95% | 114.74% | 77.93% | 88.66% | 91.07% | 73.65% | 66.29% | 68.04% | 3.33% | -68.12% | -78.34% | 48.78% | - | - |
| EBITDA | 23.6M | 6.07M | 1.12M | -8.18M | 13.05M | 19.19M | -24.2M | 4.71M | -2.49M | 1.41M | -190K | -10M | -20.78M | -6.92M | -25.38M | -44.78M | -66.37M | -30.64M | -28.5M | -26.94M |
| EBITDA Margin % | 6.72% | 1.82% | 0.35% | -2.73% | 4.62% | 7.16% | -9.64% | 2% | -1.15% | 0.7% | -0.1% | -5.69% | -12.81% | -4.61% | -18.54% | -36.2% | -61.17% | -32.06% | -34.33% | -38.15% |
| EBITDA Growth % | 80.91% | -68.4% | 104.64% | -273.44% | 624.15% | 1260.31% | -12635.26% | 147.13% | 88.02% | 120.4% | 99.25% | 77.66% | 68.69% | 77.42% | 10.96% | -66.22% | -77.93% | 50.35% | - | - |
| D&A (Non-Cash Add-back) | 3.85M | 3.68M | 3.5M | 3.38M | 3.25M | 9.6M | 3.21M | 2.92M | 2.53M | 2.56M | 2.33M | 2.16M | 1.97M | 3.18M | 2.86M | 1.4M | 1.13M | 963K | 709K | 527K |
| EBIT | 19.75M | 2.38M | 13.38M | 2.55M | 27.44M | 22.46M | -12.46M | 16.64M | 7.82M | 11.72M | 9.03M | -4.55M | -12.87M | 1.04M | -21.27M | -43.73M | -65.5M | -31.45M | -29.21M | -27.47M |
| Net Interest Income | 10.38M | 17.52M | 15.76M | 14.1M | 17.65M | 12.87M | 14.94M | 14.85M | 12.84M | 12.5M | 11.55M | 7.61M | 9.88M | 11.14M | 6.97M | 2.45M | 1.99M | 0 | -220K | -359K |
| Interest Income | 10.38M | 17.52M | 15.76M | 14.1M | 17.65M | 12.87M | 14.94M | 14.85M | 12.84M | 12.86M | 11.55M | 7.61M | 9.88M | 11.14M | 6.97M | 2.45M | 1.99M | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 361K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 220K | 359K |
| Other Income/Expense | 10.38M | 13.55M | 15.76M | 14.1M | 17.65M | 12.87M | 14.94M | 14.85M | 12.84M | 12.86M | 11.55M | 7.61M | 9.88M | 11.14M | 6.97M | 2.45M | 1.99M | 147K | -220K | -359K |
| Pretax Income | 30.13M | 15.94M | 13.38M | 2.55M | 27.44M | 22.46M | -12.46M | 16.64M | 7.82M | 11.72M | 9.03M | -4.55M | -12.87M | 1.04M | -21.27M | -43.73M | -65.5M | -31.45M | -29.43M | -27.83M |
| Pretax Margin % | 8.58% | 4.77% | 4.22% | 0.85% | 9.72% | 8.38% | -4.96% | 7.05% | 3.6% | 5.78% | 4.78% | -2.59% | -7.93% | 0.69% | -15.54% | -35.34% | -60.37% | -32.92% | -35.45% | -39.41% |
| Income Tax | 2.1M | -60.75M | 332K | 978K | 18K | -540K | -434K | 2.33M | 739K | -621K | 1.55M | 2.48M | 1.8M | 2.52M | 1.76M | 1.94M | 1.18M | 1.15M | -585K | 1.06M |
| Effective Tax Rate % | 6.96% | -381.16% | 2.48% | 38.34% | 0.07% | -2.4% | 3.48% | 13.99% | 9.45% | -5.3% | 17.11% | -54.45% | -13.97% | 243.49% | -8.29% | -4.44% | -1.79% | -3.67% | 1.99% | -3.82% |
| Net Income | 28.03M | 76.69M | 13.05M | 1.57M | 27.43M | 23M | -12.03M | 14.31M | 7.08M | 12.34M | 7.49M | -7.04M | -14.67M | -1.49M | -23.03M | -45.67M | -66.68M | -32.6M | -28.85M | -28.89M |
| Net Margin % | 7.98% | 22.97% | 4.12% | 0.53% | 9.72% | 8.58% | -4.79% | 6.06% | 3.26% | 6.09% | 3.96% | -4% | -9.04% | -0.99% | -16.82% | -36.92% | -61.46% | -34.13% | -34.75% | -40.91% |
| Net Income Growth % | 2.22% | 233.37% | 208.53% | -89.01% | 287.47% | 86.47% | -260.6% | 303.48% | 148.26% | 929.1% | 132.51% | 84.6% | 78% | 95.44% | 20.16% | -58.08% | -71.18% | 48.13% | - | - |
| Net Income (Continuing) | 28.03M | 76.69M | 13.05M | 1.57M | 27.43M | 23M | -12.03M | 14.31M | 7.08M | 12.34M | 7.49M | -7.04M | -14.67M | -1.49M | -23.03M | -45.67M | -66.68M | -32.6M | -28.85M | -28.89M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.57 | 1.45 | 0.25 | 0.03 | 0.52 | 0.44 | -0.24 | 0.27 | 0.14 | 0.24 | 0.15 | -0.15 | -0.31 | -0.03 | -0.51 | -1.01 | -1.48 | -0.73 | -0.65 | -0.74 |
| EPS Growth % | 9.62% | 229.55% | 204.17% | -89.07% | 271.43% | 83.33% | -260% | 280% | 145.16% | 869.23% | 129.41% | 85.15% | 79.05% | 95.73% | 21.54% | -36.49% | -66.29% | 54.94% | - | - |
| EPS (Basic) | 0.58 | 1.48 | 0.25 | 0.03 | 0.54 | 0.45 | -0.24 | 0.29 | 0.14 | 0.25 | 0.15 | -0.15 | -0.31 | -0.03 | -0.51 | -1.01 | -1.48 | -0.73 | -0.65 | -0.74 |
| Diluted Shares Outstanding | 48.86M | 52.93M | 53.26M | 53.27M | 53.04M | 52.42M | 50.13M | 52.21M | 52.02M | 51.61M | 51.46M | 48.21M | 47.91M | 47.66M | 45.48M | 45.07M | 44.98M | 44.74M | 44.27M | 44M |
| Basic Shares Outstanding | 48.02M | 51.69M | 51.69M | 51.39M | 51.01M | 52.21M | 50.13M | 49.68M | 49.2M | 48.8M | 48.54M | 48.21M | 47.91M | 47.66M | 45.48M | 45.07M | 44.98M | 44.74M | 44.27M | 44M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |