Monday.com Q4 Revenue Grows 24.6% to $333.9M, Guides 20% Growth
Monday.com reported Q4 revenue of $333.9 million, up 24.6% year-over-year, with net retention rising 110% and enterprise ARR segments growing up to 74%. The company guided for about 20% revenue growth in Q1 and 19% for full-year 2026, while institutions have been net buyers at a nearly 3:1 ratio.
1. Q4 Results Highlights
Monday.com delivered Q4 revenue of $333.9 million, beating consensus by 100 basis points, driven by strong client wins and services penetration. The net retention rate rose 110%, with larger clients (10+ users) up 114% and >$50,000 ARR clients up 116%; ARR segments of $50K, $100K, and $500K grew 34%, 45%, and 74% respectively.
2. Guidance and Margin Outlook
The company forecasted approximately 20% revenue growth in Q1 and 19% for fiscal 2026, reflecting cautious margin assumptions due to FX headwinds and increased R&D and marketing spend. While adjusted earnings outperformed by about 1300 basis points, management expects spending to normalise later in the year.
3. Institutional Buying and Valuation Opportunity
Following a 22.3% stock sell-off, institutions have accumulated shares at a roughly 3:1 buy-to-sell ratio over the past 12 months, suggesting limited downside. Trading below $90, the shares sit near long-term support, with valuation metrics indicating potential for a 100%–300% rebound given renewed market catalysts.