Monday.com Stock Climbs 21% in 2025 After Record Q1 Earnings and Customer Growth
Monday.com impresses investors with a strong Q1 2025 earnings beat, record free cash flow, and significant customer expansion, driven by successful pricing strategy adjustments.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams that deliver top-tier news coverage on major global events.
Highlights
- Monday.com surpasses profit and revenue estimates with impressive Q1 2024 results.
- Customer base with annual recurring revenue over $100,000 grows 55%, signaling strong market demand.
- Strategic pricing model enhancements have outperformed initial company projections.
Shares of Monday.com (MNDY) surged by 21% on Wednesday following the release of their Q1 2024 financial report, which showcased robust customer acquisition, record free cash flow, and optimistic future guidance.
The company reported adjusted earnings per share (EPS) of $0.61, exceeding Visible Alpha estimates by more than 50%. Revenue climbed 33.7% year-over-year to $216.9 million, also outpacing forecasts. Notably, free cash flow hit a record $89.9 million.
By the end of March 2024, customers generating more than $100,000 in annual recurring revenue (ARR) increased by 55% to 911, while those with over $50,000 ARR rose 48% to 2,491.
Pricing Strategy Drives Growth Beyond Expectations
Co-CEOs Roy Mann and Eran Zinman highlighted strong demand across all market segments for Monday.com's products. CFO Eliran Glazer emphasized that recent pricing model adjustments have significantly exceeded the company's initial expectations.
Forecasts for full-year revenue now stand between $942 million and $948 million, outperforming analyst predictions.
Monday.com shares reached $220.93 by 10 a.m. ET on Wednesday, marking a notable turnaround with positive returns for the year.
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