monday.com Full Year 2024 Earnings: EPS Beats Expectations

Simply Wall St

March 18, 2025

monday.com (NASDAQ:MNDY) Full Year 2024 Results

Key Financial Results

Revenue: US$972.0m (up 33% from FY 2023).
Net income: US$32.4m (up from US$1.88m loss in FY 2023).
Profit margin: 3.3% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
EPS: US$0.65 (up from US$0.039 loss in FY 2023).

revenue-and-expenses-breakdown — NasdaqGS:MNDY Revenue and Expenses Breakdown March 18th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

monday.com EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 81%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$484.5m (50% of total revenue). The largest operating expense was Sales & Marketing costs, amounting to US$533.5m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$53.4m. Explore how MNDY's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 14% from a week ago.

Risk Analysis

Before you take the next step you should know about the 1 warning sign for monday.com that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.