monday.com Ltd.

monday.com Ltd. announced the cancellation of 10,875,000 unissued ordinary shares previously reserved under its 2021 Share Incentive Plan. This action, approved by the Compensation Committee and Board, aims to manage shareholder dilution by reducing the share reserve that exceeded anticipated needs. The cancellation does not affect previously granted equity awards or the upcoming Annual General Meeting proposals.

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.