Work management platform monday.com (NASDAQ:MNDY) reported revenue ahead of Wall Street’s expectations in Q4 CY2025, with sales up 24.6% year on year to $333.9 million. On the other hand, next quarter’s revenue guidance of $339 million was less impressive, coming in 1.1% below analysts’ estimates. Its non-GAAP profit of $1.04 per share was 13.2% above analysts’ consensus estimates.
Is now the time to buy monday.com? Find out by accessing our full research report, it’s free.
monday.com (MNDY) Q4 CY2025 Highlights:
- Revenue: $333.9 million vs analyst estimates of $329.5 million (24.6% year-on-year growth, 1.3% beat)
- Adjusted EPS: $1.04 vs analyst estimates of $0.92 (13.2% beat)
- Adjusted Operating Income: $41.93 million vs analyst estimates of $37.43 million (12.6% margin, 12% beat)
- Revenue Guidance for Q1 CY2026 is $339 million at the midpoint, below analyst estimates of $342.6 million
- Operating Margin: 0.7%, down from 3.6% in the same quarter last year
- Free Cash Flow Margin: 15.6%, down from 29.1% in the previous quarter
- Customers: 4,281 customers paying more than $50,000 annually
- Net Revenue Retention Rate: 114%, down from 115% in the previous quarter
- Market Capitalization: $5.05 billion
“We delivered strong financial results in 2025 with solid revenue growth and record non-GAAP operating profit and cash generation,” said Eliran Glazer, monday.com CFO.
Company Overview
With its colorful interface of boards, columns, and automation that replaced the chaos of spreadsheets, monday.com (NASDAQ:MNDY) is a cloud-based work operating system that helps teams manage projects, track tasks, and streamline workflows through customizable interfaces.
Revenue Growth
A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Thankfully, monday.com’s 50.2% annualized revenue growth over the last five years was incredible. Its growth surpassed the average software company and shows its offerings resonate with customers, a great starting point for our analysis.
We at StockStory place the most emphasis on long-term growth, but within software, a half-decade historical view may miss recent innovations or disruptive industry trends. monday.com’s annualized revenue growth of 29.9% over the last two years is below its five-year trend, but we still think the results suggest healthy demand. 
This quarter, monday.com reported robust year-on-year revenue growth of 24.6%, and its $333.9 million of revenue topped Wall Street estimates by 1.3%. Company management is currently guiding for a 20.1% year-on-year increase in sales next quarter.
Looking further ahead, sell-side analysts expect revenue to grow 19.7% over the next 12 months, a deceleration versus the last two years. Despite the slowdown, this projection is noteworthy and implies the market sees success for its products and services.
While Wall Street chases Nvidia at all-time highs, an under-the-radar semiconductor supplier is dominating a critical AI component these giants can’t build without. Click here to access our free report one of our favorites growth stories.
Customer Retention
One of the best parts about the software-as-a-service business model (and a reason why they trade at high valuation multiples) is that customers typically spend more on a company’s products and services over time.
monday.com’s net revenue retention rate, a key performance metric measuring how much money existing customers from a year ago are spending today, was 115% in Q4. This means monday.com would’ve grown its revenue by 14.7% even if it didn’t win any new customers over the last 12 months.
monday.com has a good net retention rate, proving that customers are satisfied with its software and getting more value from it over time, which is always great to see.
Key Takeaways from monday.com’s Q4 Results
It was good to see monday.com narrowly top analysts’ revenue expectations this quarter. On the other hand, its full-year revenue guidance slightly missed and its revenue guidance for next quarter fell slightly short of Wall Street’s estimates. Overall, this was a weaker quarter. The stock traded down 13.3% to $84.98 immediately following the results.
monday.com’s earnings report left more to be desired. Let’s look forward to see if this quarter has created an opportunity to buy the stock. The latest quarter does matter, but not nearly as much as longer-term fundamentals and valuation, when deciding if the stock is a buy. We cover that in our actionable full research report which you can read here (it’s free).