Monday.com Q1 revenue rises 24% on AI platform launch

monday.com

11/05/2026 12:10

Overview

AI work platform's Q1 revenue rose 24% yr/yr to $351.3 mln

Adjusted EPS for Q1 rose to $1.15

Company repurchased $553 mln in shares and launched AI Work Platform

Outlook

Monday.com sees Q2 revenue of $354 mln to $356 mln, up 18% to 19% yr/yr

Company expects full-year 2026 revenue of $1.46 bln to $1.47 bln, up 19% to 20%

Monday.com forecasts full-year adjusted free cash flow of $280 mln to $290 mln

Result Drivers

AI PLATFORM LAUNCH - Co said launch of AI Work Platform with native agents contributed to Q1 results

LARGE CUSTOMER GROWTH - Co reported record net adds of customers with more than $500,000 in ARR and strong growth in customers with over $50,000 and $100,000 in ARR

AI-DRIVEN PRODUCTIVITY - Co said internal use of AI led to productivity gains, allowing revenue growth without increasing headcount

Company press release: ID:nBw48XNB3a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$351.27 mln
Q1 Adjusted EPS
$1.15
Q1 Net Income
$28.03 mln
Q1 Gross Profit
$313.14 mln
Q1 Operating Income
$19.75 mln
Q1 Pretax Profit
$30.13 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)