Monday.com Q4 Revenue Up 25% to $333.9M, FY2026 Guidance at $1.46B
Q4 revenue rose 25% to $333.9 million and FY sales reached $1.232 billion (+27%). Management forecast FY2026 revenue of $1.452–1.462 billion and $165–175 million in non-GAAP operating income as 90% of analysts remain bullish with a $120 consensus target.
1. Q4 and Full-Year 2025 Financials
monday.com reported Q4 2025 revenue of $333.9 million, up 25% year-over-year, and full-year sales of $1.232 billion, a 27% increase. Non-GAAP operating margins were 13% in Q4 and 14% for the full year, with adjusted free cash flow of $322.7 million and 45% growth in customers generating over $100,000 in ARR.
2. Analyst Sentiment and Price Targets
Approximately 90% of analysts maintain a bullish outlook, with a consensus price target of $120 implying a 55.5% upside. Recent downgrades include TD Cowen to $125, DA Davidson to $100 and Cantor Fitzgerald to $95, reflecting concerns over short-term demand disruptions.
3. FY2026 Guidance and Outlook
Management expects FY2026 revenue between $1.452 billion and $1.462 billion and non-GAAP operating income of $165 million to $175 million, driven by continued upmarket expansion and efficiency gains.