Business Wire·Nov 9, 2026, 7:00 AM ET

monday.com Announces Third Quarter 2026 Results

monday.com reported third quarter 2026 revenue of $377.5 million, representing a 19% year-over-year increase.
The company achieved record non-GAAP operating income of $89.4 million with a non-GAAP operating margin of 24%.
GAAP operating income turned positive at $31.2 million, compared to a $2.4 million loss in the same period last year.
AI products, including credits, agents, and vibe, generated $36 million in AI Annual Recurring Revenue (ARR).
monday agents recorded over 6 million interactions in less than two quarters.
Net dollar retention rates ranged from 108% overall to 114% for customers with over $50,000 in ARR.
The number of paid customers with over $100,000 in ARR grew 33% to 2,127.
Total remaining performance obligations (RPOs) reached $946 million, up 27% year-over-year.
For Q4 2026, the company forecasts revenue of $380 million to $382 million with non-GAAP operating margins of approximately 18%.
Full-year 2026 revenue guidance is set at $1,473 million to $1,475 million, reflecting approximately 20% year-over-year growth.
Full-year 2026 adjusted free cash flow is expected to be between $282 million and $288 million.
Net cash provided by operating activities was $20.4 million, with adjusted free cash flow of $63.0 million for the quarter.
GAAP net income per diluted share was $0.80, while non-GAAP net income per diluted share was $2.14.
The company noted near-term operational headwinds due to its strategic evolution into an AI-first organization.