The company reported $351.3 million in Q1 revenue, driven by AI integration and workflow automation tools for enterprises.
Monday.com Ltd. (NASDAQ:MNDY) posted first-quarter revenue of $351.3 million, a 24% year-over-year increase, as its AI-driven work platform gains traction. The company’s shift to an AI Work Platform includes native AI agents and integrations with Anthropic’s Claude, Microsoft 365 Copilot, and OpenAI’s ChatGPT, targeting routine workflow automation.
GAAP operating income rose to $19.8 million from $9.8 million in the prior-year period, while non-GAAP operating income reached $49.0 million. Operating cash flow totaled $104.7 million, and adjusted free cash flow was $102.8 million. The balance sheet remains strong, with $1.21 billion in cash and equivalents against $933.5 million in liabilities.
The platform’s expansion into AI-powered workflows aims to deepen enterprise adoption without replacing existing systems, positioning Monday.com for sustained growth.