Monday.com’s stock surges as revenue nears $1 billion
Monday.com’s stock surges as revenue nears $1 billion
The Israeli software company reports 33% growth and unveils new AI-driven products.
Monday.com, which develops a multi-product platform, is experiencing a rebound, surging after the release of strong financial results—marking a sharp contrast to the previous quarter when its stock fell despite positive earnings.
The company exceeded expectations for the fourth quarter of 2024, coming close to $1 billion in annual revenue. It reported total revenue of $972 million for the year, reflecting 33% growth and surpassing Wall Street estimates by approximately $10 million. On the bottom line, Monday.com posted a profit of $0.62 per share, a significant turnaround from a loss of $0.04 per share in 2023. The company's operations generated $311 million in cash flow—up from $215 million in the previous year.
Looking ahead, Monday.com forecasts revenue of $1.2 billion for 2025, representing an annual growth rate of 24%. Operating profit, excluding accounting adjustments, is expected to reach between $134 million and $142 million, slightly above the $132 million recorded in 2024. For the first quarter of 2025, the company anticipates revenue between $274 million and $276 million, compared to $268 million in the final quarter of 2024.
Alongside its financial results, Monday.com unveiled its AI strategy, announcing that artificial intelligence capabilities will be integrated across all its products. The company plans to launch its AI-powered assistant, monday Expert, in the second quarter. Additionally, it introduced a new product, monday Service, designed to manage internal service operations within organizations, such as IT support requests and legal case management.
