Description

monday.com: From Work Management To Full Platform—What’s Behind Its Product Evolution?

Monday.com, a work operating system provider, reported its financial results for the fourth quarter and full fiscal year 2025, reflecting a year of notable revenue growth and operational progress amid evolving market dynamics. The company achieved total revenue of $1.232 billion in fiscal 2025, marking a 27% increase year-over-year, with fourth quarter revenue rising 25% to $334 million. Net dollar retention (NDR) remained robust at 110%, signaling sustained customer expansion. Operating income stood at $175.3 million for fiscal 2025, representing an operating margin of 14%, consistent with the previous year despite foreign exchange (FX) headwinds primarily from the Israeli shekel’s depreciation. Monday.com emphasized continued traction in its upmarket strategy, with customers generating more than $50,000 in annual recurring revenue (ARR) comprising 41% of total ARR, and significant growth among large enterprise customers, including a 74% increase in deployments exceeding $500,000 ARR.