Monday.com: Q4 Financial Highlights

Monday.com Announces Strong Fourth Quarter Results

Monday.com Ltd., headquartered in Tel Aviv-Yafo, Israel, reported a net income of $76.7 million for the fourth quarter.

The company achieved earnings of $1.45 per share, with adjusted earnings—excluding pretax gains—coming in at $1.04 per share.

These figures surpassed analysts’ expectations. According to Zacks Investment Research, the consensus estimate from eight analysts was 91 cents per share.

The provider of project management software also reported quarterly revenue of $333.9 million, outperforming the $329 million forecasted by seven Zacks analysts.

For the full year, Monday.com recorded a profit of $118.7 million, or $2.24 per share, with total revenue reaching $1.23 billion.

Looking ahead to the first quarter ending in March, the company anticipates revenue between $338 million and $340 million.

For the entire year, projected revenue is expected to fall within the range of $1.45 billion to $1.46 billion.