Monday.com reported a profitable second quarter, posting net income of $1.6 million, or 3 cents per share on a GAAP basis. On an adjusted basis, which excludes stock-based compensation and certain pretax items, earnings were $1.09 per share, outpacing the average analyst estimate of 84 cents. Revenue reached $299 million, also ahead of expectations at $293.1 million.
For the September quarter, the company projects revenue between $311 million and $313 million. Full-year revenue is expected to land between $1.22 billion and $1.23 billion.
Additional context and commentary:
– The company’s results topped Wall Street expectations on both the top and bottom lines, signaling resilient demand for its work management software.
– The revenue outlook for the current quarter implies sequential growth of roughly 4% at the midpoint from the June quarter’s $299 million.
– Using both GAAP and adjusted earnings provides a clearer view of performance: GAAP shows profitability, while adjusted EPS highlights underlying operating strength after excluding non-cash and one-time items commonly adjusted for in software companies.
– The full-year guide suggests Monday.com is operating at more than a $1.2 billion annualized revenue scale, a notable milestone for a SaaS provider.
What to watch next:
– Details on customer additions, expansion within existing accounts, and any updates on margins and cash flow will help gauge the durability of growth.
– The Q3 and full-year outlooks set a constructive tone; consistent execution against these targets would reinforce momentum into year-end.
Summary:
Monday.com beat analyst expectations in Q2 with $299 million in revenue and $1.09 adjusted EPS, returned to GAAP profitability, and guided to continued growth in Q3 with full-year revenue of $1.22–$1.23 billion. The guidance and beats point to steady demand and operational progress.