TLDR:
- Monday.com (MNDY) stock surged 26.46% to $326.58 per share after reporting strong Q4 2024 earnings, with net income nearly doubling to $23 million
- Company’s revenue jumped 33.7% year-over-year to $868 million in 2024, with Q4 revenue reaching $237 million
- AI-driven tools like AI Blocks and Digital Workforce showed strong adoption, while enterprise customers spending over $100K annually increased by 45%
- Management projects 2025 revenue between $1.208-1.221 billion, with Q1 2025 guidance of $274-276 million
- Despite positive results, the company faces slowing new customer acquisition due to macroeconomic headwinds
Monday.com Ltd. (NASDAQ: MNDY) saw its stock price surge by 26.46% to $326.58 on Monday, February 10, 2025, after the company reported better-than-expected fourth-quarter earnings and strong revenue growth driven by its artificial intelligence offerings.
The workplace productivity software company posted a net income of $23 million for the fourth quarter of 2024, nearly double the $12 million recorded in the same period last year. Revenue for the quarter reached $237 million, marking a 31% increase from $180 million in the previous year.
For the full year 2024, Monday.com reported a remarkable turnaround in its financial performance. The company achieved a net income of $32.37 million, compared to a net loss of $1.877 million in 2023. Annual revenue climbed 33.7% to $868 million from $649 million in the previous year.
The company’s AI-powered tools, including AI Blocks and Digital Workforce, have gained strong market traction. These products have helped drive growth among enterprise customers, with the number of clients spending over $100,000 annually increasing by 45%.
Monday.com’s newly launched help-desk operations service has also shown promising early adoption rates among customers. The company’s non-GAAP operating income nearly doubled, reaching $40.3 million.
Free cash flow demonstrated healthy growth, rising 31% to $72.7 million, indicating strong operational efficiency and cash generation capabilities.
Looking ahead to 2025, Monday.com provided optimistic guidance. The company expects first-quarter revenue to range between $274 million and $276 million.
For the full year 2025, Monday.com projects total revenue to reach between $1.208 billion and $1.221 billion, potentially marking its first year crossing the billion-dollar revenue threshold.
The stock’s performance outpaced broader market gains on Monday, as major indices showed more modest increases. The Nasdaq rallied 0.98%, while the S&P 500 rose 0.67% and the Dow Jones increased by 0.38%.
The company’s quarterly earnings per share reached $1.08, exceeding analyst expectations of $0.79 per share.
However, Monday.com faces some challenges ahead. The company has observed a slowdown in new customer acquisition, which management attributes to current macroeconomic conditions.
Currency fluctuations pose another potential risk to the company’s international operations and revenue growth.
To maintain its growth trajectory, Monday.com continues to invest in AI innovation and global expansion initiatives.
As of February 10, 2025, Monday.com’s market performance places it second among the day’s best-performing stocks with market capitalizations above $2 billion and daily trading volumes exceeding $5 million.
The company’s Q4 2024 revenue of $268 million represented a 32% increase from the previous year, demonstrating sustained growth momentum.
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