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monday.com has announced its financial results for the second quarter ended June 30, 2025, revealing another period of significant growth. The company reported a 27% year-over-year increase in revenue, which reached $299.0 million. This growth was accompanied by a record number of new customers with over $100,000 in Annual Recurring Revenue (ARR), highlighting the company's strong performance and increasing traction with larger businesses. The results demonstrate the company's continued momentum in the work execution software market.
monday.com's second-quarter revenue grew by 27% year-over-year, reaching $299.0 million.
The company saw a record number of new customers with over $100,000 in ARR, up 46% from the previous year.
Non-GAAP operating income was reported at $45.1 million, with a 15% non-GAAP operating margin.
monday CRM, a key product, recently achieved $100 million in ARR just three years after its launch.
The company announced three new AI-powered capabilities: monday magic, monday vibe, and monday sidekick.
The overall net dollar retention rate was 111%, indicating strong customer loyalty and platform expansion.
The second quarter of fiscal year 2025 was marked by robust financial results across several key metrics. Revenue reached $299.0 million, representing a 27% increase compared to the same quarter in 2024. The company's non-GAAP operating income was $45.1 million, with a corresponding non-GAAP operating margin of 15%. This financial strength was supported by strong customer acquisition, particularly within the enterprise segment. The number of paid customers with over $100,000 in ARR grew by an impressive 46% year-over-year, while customers with over $50,000 in ARR increased by 36%. These figures underscore monday.com's success in attracting and retaining high-value clients.
Leadership commentary from the second quarter report emphasized the company's focus on AI innovation and strategic execution. According to monday.com co-founders and co-CEOs Roy Mann and Eran Zinman, “Q2 marked another strong quarter for monday.com, with continued revenue growth and rapidly growing demand for our broad product suite, particularly from enterprise customers. We continue to see evidence that our commitment to AI innovation is delivering real value for customers, and we’re proud to be leading a new era of work execution. By taking the platform’s flexibility to the next level, our new AI capabilities address core challenges across all our product areas and allow users to focus on their most critical strategic priorities.” This focus is reflected in the recent announcement of new AI-powered capabilities, including monday magic, monday vibe, and monday sidekick. The company’s momentum is also evident in the performance of monday CRM, which recently reached a significant milestone of $100 million in ARR.
Looking ahead, monday.com remains focused on executing its innovation roadmap and expanding its market presence. Eliran Glazer, the company's CFO, stated, “This quarter demonstrated our relentless focus on driving highly efficient growth at scale, and I’m energized by the momentum in our business and the opportunities we see ahead. As we navigate the shifting landscape, we remain focused on the factors we can control – executing on our innovation roadmap, bolstering our go-to-market efforts to serve customers of all sizes, driving best-in-class operational efficiencies, and delivering products people love.” The company has also provided a positive outlook for the third quarter and the full fiscal year 2025, projecting continued revenue growth and strong non-GAAP operating income, suggesting confidence in its strategic direction and market position.
monday.com's second quarter results highlight a period of sustained growth and successful execution on its strategic priorities. The company’s ability to attract and grow its high-value customer base, coupled with its focus on AI innovation and product expansion, positions it for continued success. The strong financial performance, combined with a positive outlook for the remainder of the year, reinforces monday.com's standing as a leader in the work management and collaboration space.
monday.com is a global software company that builds products people love to manage the core of their work. Our product suite can adapt to the needs of diverse industries and use cases within one powerful platform. Our ~245,000 customers are reimagining how work gets done, driving greater efficiency, and scaling like never before.
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