Quarterly ResultMay 11, 2026, 07:02 AM
monday.com Q1 Revenue $351.3M, +24%; Record Operating Income
AI Summary
monday.com reported strong first-quarter 2026 results with revenue increasing 24% year-over-year to $351.3 million and achieving record GAAP and non-GAAP operating income. The company also announced the launch of its AI Work Platform with native agents and agreed to acquire OneAI to expand its AI capabilities. Additionally, monday.com repurchased $553 million of its ordinary shares and saw significant growth in customers with over $500,000 in ARR, up 74%. The company provided a positive outlook for Q2 and full-year 2026.
Key Highlights
- Q1 2026 revenue grew 24% year-over-year to $351.3 million.
- GAAP operating income reached a record $19.8 million, up from $9.8 million in Q1 2025.
- Non-GAAP operating income was $49.0 million, up from $40.8 million in Q1 2025.
- Launched AI Work Platform with native AI agents and new consumption-based pricing model.
- Agreed to acquire OneAI to extend AI Work Platform capabilities.
- Repurchased $553 million of ordinary shares; $182 million remains in the program.
- Customers with over $500,000 in ARR increased 74% year-over-year to 99.
- Forecasts Q2 2026 revenue of $354M-$356M and full-year revenue of $1,466M-$1,474M.