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.
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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.
