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Dec 31, 2024
Monday.com Q4 2024 Earnings Report
Key Takeaways
monday.com reported strong Q4 FY24 results with revenue growth of 32% YoY to $268.0 million. The company achieved record non-GAAP operating income and increased net dollar retention rate to 112%.
Forward Guidance
monday.com expects continued revenue growth in Q1 FY25 and FY25, with a focus on AI-powered products and operational efficiencies.
Positive Outlook
- Projected Q1 FY25 revenue growth of 26% to 27%.
- Full-year FY25 revenue expected to grow 24% to 26%.
- Non-GAAP operating margin projected to improve to 11%-12%.
- Anticipated free cash flow of $300M to $308M for FY25.
- Expansion of AI offerings with Digital Workforce and AI Agents.
Challenges Ahead
- Foreign exchange impact expected to be negative 100 to 200 basis points.
- Higher operating expenses to support AI investments.
- Continued macroeconomic uncertainties affecting enterprise spending.
- Competitive pressures in the work management software market.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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