Management Commentary:<\/span><\/b><\/p>\n \n\u201cThis quarter\u2019s results reflect the strength of our execution and the continued success of our strategy to move upmarket while expanding our product suite,\u201d said monday.com co-founders and co-CEOs Roy Mann and Eran Zinman. \u201cWe\u2019re seeing growing demand from larger customers adopting multiple products to run their most critical workflows. Our ability to combine innovation with disciplined growth continues to set us apart and position us for long-term success.\u201d\n<\/p>\n \n\u201cWe delivered our highest ever non-GAAP operating profit this quarter, underscoring our focus on efficient, profitable growth,\u201d said Eliran Glazer, monday.com CFO. \u201cWe\u2019re continuing to scale the business responsibly by balancing investment in innovation and go-to-market expansion with strong operational discipline. This approach enables us to sustain margin strength while supporting durable, long-term growth.\u201d\n<\/p>\n Third Quarter Fiscal 2025 Financial Highlights:<\/span><\/b><\/p>\n Recent Business Highlights:<\/span><\/b><\/p>\n Financial Outlook:<\/span><\/b><\/p>\n \nFor the fourth quarter of fiscal year 2025, monday.com currently expects:\n<\/p>\n \nFor the full year 2025, monday.com currently expects:\n<\/p>\n Non-GAAP Financial Measures:<\/span><\/b><\/p>\n \nThis press release and the accompanying tables contain the following non-GAAP financial measures: non-GAAP gross profit, non-GAAP gross margin, non-GAAP sales and marketing expenses, non-GAAP research and development expenses, non-GAAP general and administrative expenses, non-GAAP operating income, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, adjusted free cash flow, which is defined as free cash flow plus costs associated with the build-out and expansion of our corporate headquarters, and adjusted free cash flow margin. Certain of these non-GAAP financial measures exclude share-based compensation.\n<\/p>\n \nmonday.com believes that these non-GAAP financial measures provide useful information to management and investors regarding certain financial and business trends relating to monday.com\u2019s financial condition and results of operations. monday.com management uses these non-GAAP measures to compare monday.com performance to that of prior periods, for trend analysis and for budgeting and planning purposes. monday.com believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing monday.com financial results to the results of other software companies, many of which present similar non-GAAP financial measures to investors. The non-GAAP financial information is presented for supplemental informational purposes only and should not be considered a substitute for financial information presented in accordance with GAAP and may be different from similarly titled non-GAAP measures used by other companies.\n<\/p>\n \nManagement does not consider these non-GAAP measures in isolation or as an alternative to financial measures determined in accordance with GAAP. The principal limitation of these non-GAAP financial measures is that they exclude significant expenses and income that are required by GAAP to be recorded in monday.com financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgment by management about which expenses and income are excluded or included in determining these non-GAAP financial measures.\n<\/p>\n \nReconciliation tables of the most directly comparable GAAP financial measures to the non-GAAP financial measures used in this press release are included with the financial tables at the end of this release. monday.com urges investors to review these reconciliation tables and not to rely on any single financial measure to evaluate the monday.com business. Management is not able to forecast GAAP operating income (loss) on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting share-based compensation expense, the amounts of which may be significant in future periods. Management is not able to forecast GAAP net cash provided by operating activities on a forward-looking basis without unreasonable efforts due to the high variability and difficulty in predicting property and equipment purchases and capitalized software costs, the amounts of which may be significant in future periods.\n<\/p>\n Definitions of Business Key Performance Indicators<\/span><\/b><\/p>\n Net Dollar Retention Rate<\/i><\/p>\n \nWe calculate Net Dollar Retention Rate as of a period end by starting with the ARR from customers as of the 12 months prior to such period end (\u201cPrior Period ARR\u201d). We then calculate the ARR from these customers as of the current period end (\u201cCurrent Period ARR\u201d). The calculation of Current Period ARR includes any upsells, contraction and attrition. We then divide the total Current Period ARR by the total Prior Period ARR to arrive at the Net Dollar Retention Rate. For the trailing 12-month calculation, we take a weighted average of this calculation of our quarterly Net Dollar Retention Rate for the four quarters ending with the most recent quarter.\n<\/p>\n Annual Recurring Revenue<\/i><\/p>\n \nAnnual Recurring Revenue (\u201cARR\u201d) is defined to mean, as of the measurement date, the annualized value of our customer subscription plans assuming that any contract that expires during the next 12 months is renewed on its existing terms.\n<\/p>\n Forward-Looking Statements:<\/span><\/b><\/p>\n \nThis press release contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding our financial outlook and market positioning. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as \u201coutlook,\u201d \u201cguidance,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201chope,\u201d \u201ctarget,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cgoals,\u201d \u201cestimate,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cmight,\u201d \u201ccould,\u201d \u201cintend,\u201d \u201cshall\u201d and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond monday.com control. monday.com\u2019s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to our ability to effectively manage the scope and complexity of our business following years of rapid growth and our ability to maintain profitability; foreign currency exchange rate fluctuations; the fact that we continue to derive a majority of revenues from monday work management; fluctuations in operating results; real or perceived errors, failures, vulnerabilities or bugs in our platform, products or third-party applications offered in our app marketplace or interruptions or performance problems in the technology or infrastructure underlying our platform; risks related to artificial intelligence and machine learning; our ability to attract customers, grow our retention rates and expand usage within organizations, including cross-selling and upselling; risks related to our subscription-based business model; our sales efforts may require considerable time and expense and the use of differing sales strategies may extend our sales cycles; changes in sizes or types of business that purchase our platform and products; our ability to offer high-quality customer support and consistent sales strategies; maintenance of corporate culture; risks related to international operations and compliance with laws and regulations applicable to our global operations; risks related to acquisitions, strategic investments, partnerships, or alliances; risks associated with environmental and social responsibility and climate change; our dependence on key employees and ability to attract and retain highly skilled employees; our ability to raise additional capital or generate cash flows necessary to grow our business; uncertain global economic conditions and inflation; changes and competition in the market and software categories in which we participate; our ability to introduce new products, features, integrations, capabilities, and enhancements; the ability of our platform to interoperate with a variety of software applications; our reliance on third-party application stores to distribute our mobile application; our successful strategic relationships with, and our dependence on third parties; our reliance on traditional web search engines to direct traffic to our website; interruption or delays in service from third parties or our inability to plan and manage interruptions; risks related to security disruptions, unauthorized system access; evolving privacy protection and data security laws, regulations, industry standards, policies, contractual obligations, and cross-border data transfer or localization restrictions; new legislation and regulatory obligations regulating AI; changes in tax law and regulations or if we were to be classified as a passive foreign investment company; our ability to maintain, protect or enforce our intellectual property rights or intellectual property infringement claims; risks related to our use of open-source software; risks related to our founder share that provides certain veto rights; risks related to our status as a foreign private issuer incorporated and located in Israel, including risks related to the ongoing war between Israel and Hamas and escalations thereof; our expectation not to pay dividends for the foreseeable future; risks related to our Digital Lift Initiative and the monday.com Foundation; risks related to legal and regulatory matters; and other factors described in \u201cRisk Factors\u201d in our Annual Report on Form 20-F for the year ended December 31, 2024, filed with the SEC on March 17, 2025. Further information on potential risks that could affect actual results will be included in the subsequent filings that monday.com makes with the Securities and Exchange Commission from time to time.\n<\/p>\n \nPast performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent monday.com\u2019s views as of the date of this press release. monday.com anticipates that subsequent events and developments will cause its views to change. monday.com undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing monday.com\u2019s views as of any date subsequent to the date of this press release.\n<\/p>\n Earnings Webcast:<\/span><\/b><\/p>\n \nmonday.com will hold a public webcast at 8:30 a.m. ET today to discuss the results for its third quarter 2025 and financial outlook. The live call may also be accessed via telephone at +1 (646) 968-2525 or +1 (888) 596-4144 (toll-free). Please reference conference ID: 1347415. An archived webcast can be accessed from the News & Events section of monday.com\u2019s Investor Relations website following the call.\n<\/p>\n Investor Presentation Details:<\/span><\/b><\/p>\n \nAn investor presentation providing additional information can be found at http:\/\/ir.monday.com<\/a>.\n<\/p>\n About monday.com:<\/span><\/b><\/p>\n monday.com<\/a> 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. For more information, visit monday.com<\/a>.\n<\/p>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands, except share and per share data)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three months ended September 30,<\/b><\/p>\n<\/td>\n Nine months ended September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n<\/tr>\n \nRevenue\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n316,855\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n251,000\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n898,119\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n704,019\n<\/p>\n<\/td>\n<\/tr>\n \nCost of revenue\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,788\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n25,972\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n95,766\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n73,189\n<\/p>\n<\/td>\n<\/tr>\n \nGross profit\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n281,067\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n225,028\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n802,353\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n630,830\n<\/p>\n<\/td>\n<\/tr>\n \nOperating expenses:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nResearch and development\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n79,453\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n56,509\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n235,877\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n151,377\n<\/p>\n<\/td>\n<\/tr>\n \nSales and marketing\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n165,808\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n140,284\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n460,118\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n399,896\n<\/p>\n<\/td>\n<\/tr>\n \nGeneral and administrative\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n38,184\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n55,637\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n110,491\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n110,187\n<\/p>\n<\/td>\n<\/tr>\n \nTotal operating expenses\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n283,445\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n252,430\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n806,486\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n661,460\n<\/p>\n<\/td>\n<\/tr>\n \nOperating loss\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,378)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(27,402)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(4,133)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(30,630)\n<\/p>\n<\/td>\n<\/tr>\n \nFinancial income, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,762\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14,942\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n47,511\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n42,631\n<\/p>\n<\/td>\n<\/tr>\n \nIncome (loss) before income taxes\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13,384\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(12,460)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n43,378\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,001\n<\/p>\n<\/td>\n<\/tr>\n \nIncome tax benefit (expense)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(332)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n434\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,328)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,634)\n<\/p>\n<\/td>\n<\/tr>\n \nNet income (loss)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n13,052\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(12,026)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n42,050\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n9,367\n<\/p>\n<\/td>\n<\/tr>\n \nNet income (loss) per share attributable to ordinary shareholders, basic\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.25\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(0.24)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.82\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.19\n<\/p>\n<\/td>\n<\/tr>\n \nNet income (loss) per share attributable to ordinary shareholders, diluted\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.25\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(0.24)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.79\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.18\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted-average ordinary shares used in calculating net income (loss) per ordinary share, basic\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n51,687,504\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,134,930\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n51,361,840\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,674,755\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted-average ordinary shares used in calculating net income (loss) per ordinary share, diluted\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n53,264,485\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,134,930\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n53,175,420\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n52,264,538\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n September 30,<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n December 31,<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n ASSETS<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(audited)\n<\/p>\n<\/td>\n<\/tr>\n \nCURRENT ASSETS:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCash and cash equivalents\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,527,246\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,411,602\n<\/p>\n<\/td>\n<\/tr>\n \nMarketable securities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n211,740\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,004\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n32,711\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n25,804\n<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses and other current assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n89,137\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n44,836\n<\/p>\n<\/td>\n<\/tr>\n \nTotal current assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,860,834\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,532,246\n<\/p>\n<\/td>\n<\/tr>\n \nLONG-TERM ASSETS:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProperty and equipment, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,149\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n41,576\n<\/p>\n<\/td>\n<\/tr>\n \nOperating lease right-of-use assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n103,272\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n94,703\n<\/p>\n<\/td>\n<\/tr>\n \nOther long-term assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n45,293\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n16,983\n<\/p>\n<\/td>\n<\/tr>\n \nTotal long-term assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n197,714\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n153,262\n<\/p>\n<\/td>\n<\/tr>\n \nTotal assets\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n2,058,548\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,685,508\n<\/p>\n<\/td>\n<\/tr>\n LIABILITIES AND SHAREHOLDERS’ EQUITY<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nCURRENT LIABILITIES:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n45,347\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n35,611\n<\/p>\n<\/td>\n<\/tr>\n \nAccrued expenses and other current liabilities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n218,296\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n171,040\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue, current\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n406,231\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n339,951\n<\/p>\n<\/td>\n<\/tr>\n \nOperating lease liabilities, current\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n27,224\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n29,013\n<\/p>\n<\/td>\n<\/tr>\n \nTotal current liabilities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n697,098\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n575,615\n<\/p>\n<\/td>\n<\/tr>\n \nLONG-TERM LIABILITIES:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nOperating lease liabilities, non-current\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n92,050\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n77,023\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue, non-current\n<\/p>\n<\/td>\n \n2,179\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,639\n<\/p>\n<\/td>\n<\/tr>\n \nTotal long-term liabilities\n<\/p>\n<\/td>\n \n94,229\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n79,662\n<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities\n<\/p>\n<\/td>\n \n791,327\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n655,277\n<\/p>\n<\/td>\n<\/tr>\n \nSHAREHOLDERS’ EQUITY:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nOther comprehensive income\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n21,193\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,189\n<\/p>\n<\/td>\n<\/tr>\n \nShare capital and additional paid-in capital\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,756,010\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,579,074\n<\/p>\n<\/td>\n<\/tr>\n \nAccumulated deficit\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(509,982)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(552,032)\n<\/p>\n<\/td>\n<\/tr>\n \nTotal shareholders\u2019 equity\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,267,221\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,030,231\n<\/p>\n<\/td>\n<\/tr>\n \nTotal liabilities and shareholders\u2019 equity\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n2,058,548\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,685,508\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n Three months ended Nine months ended \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n<\/tr>\n \nCASH FLOWS FROM OPERATING ACTIVITIES:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nNet income (loss)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n13,052\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(12,026)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n42,050\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n9,367\n<\/p>\n<\/td>\n<\/tr>\n Adjustments to reconcile net income (loss) to net cash <\/span>provided by operating activities<\/span>:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nDepreciation and amortization\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,500\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,205\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n10,125\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,658\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,862\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,374\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n137,465\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n98,540\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation granted to foundation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n17,908\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n17,908\n<\/p>\n<\/td>\n<\/tr>\n \nAmortization of discount and accretion of interest on marketable securities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,983)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(647)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,078)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(647)\n<\/p>\n<\/td>\n<\/tr>\n Changes in operating assets and liabilities:<\/span><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts receivable, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,485\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,028)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(6,907)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,719)\n<\/p>\n<\/td>\n<\/tr>\n \nPrepaid expenses and other assets\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,797)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n23,053\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(36,554)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n7,853\n<\/p>\n<\/td>\n<\/tr>\n \nAccounts payable\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,488\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(12,055)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,712\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n9,613\n<\/p>\n<\/td>\n<\/tr>\n \nAccrued expenses and other liabilities, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n30,220\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n20,003\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n54,318\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n22,714\n<\/p>\n<\/td>\n<\/tr>\n \nDeferred revenue\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n3,317\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,818\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n65,820\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n63,067\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by operating activities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n95,144\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n86,605\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n273,951\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n234,354\n<\/p>\n<\/td>\n<\/tr>\n \nCASH FLOWS FROM INVESTING ACTIVITIES:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nPurchase of property and equipment\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,984)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,800)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(13,555)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,764)\n<\/p>\n<\/td>\n<\/tr>\n \nPurchase of marketable securities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(149,530)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(49,570)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(159,579)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(49,570)\n<\/p>\n<\/td>\n<\/tr>\n \nCapitalized software development costs\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(941)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(393)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,644)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,463)\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash used in investing activities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(154,455)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(53,763)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(175,778)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(60,797)\n<\/p>\n<\/td>\n<\/tr>\n \nCASH FLOWS FROM FINANCING ACTIVITIES:\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nProceeds from exercise of share options and employee share purchase plan\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,045\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15,349\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n34,546\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n34,673\n<\/p>\n<\/td>\n<\/tr>\n \nReceipt (repayment) of tax advance relating to exercises of share options and RSUs, net\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(12,003)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,278)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(17,075)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n12,797\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by (used in) financing activities\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,958)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n14,071\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n17,471\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n47,470\n<\/p>\n<\/td>\n<\/tr>\n \nINCREASE (DECREASE) IN CASH, AND CASH EQUIVALENTS\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(63,269)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n46,913\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n115,644\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n221,027\n<\/p>\n<\/td>\n<\/tr>\n \nCASH AND CASH EQUIVALENTS – Beginning of period\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,590,515\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,290,242\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,411,602\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,116,128\n<\/p>\n<\/td>\n<\/tr>\n \nCASH AND CASH EQUIVALENTS – End of period\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,527,246\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,337,155\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,527,246\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1,337,155\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n Reconciliation of GAAP to Non-GAAP Financial Information<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Three months ended \n\u00a0\n<\/p>\n<\/td>\n Nine months ended \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n<\/tr>\n Reconciliation of gross profit and gross margin<\/span><\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP gross profit<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n281,067\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n225,028\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n802,353\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n630,830\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,964\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,881\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n6,370\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n4,997\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP gross profit<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n284,031\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n226,909\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n808,723\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n635,827\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP gross margin<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n89%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n89%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP gross margin<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n90%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Reconciliation of operating expenses<\/span><\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP research and development<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n79,453\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n56,509\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n235,877\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n151,377\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(21,681)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(13,536)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(65,028)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(36,729)\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP research and development<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n57,772\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n42,973\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n170,849\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n114,648\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP sales and marketing<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n165,808\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n140,284\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n460,118\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n399,896\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(14,004)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,945)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(33,209)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(28,013)\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP sales and marketing<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n151,804\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n130,339\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n426,909\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n371,883\n<\/p>\n<\/td>\n<\/tr>\n GAAP general and administrative<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n38,184\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n55,637\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n110,491\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n110,187\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(11,213)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(10,012)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(32,858)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(28,801)\n<\/p>\n<\/td>\n<\/tr>\n \nCharitable contribution to foundation (1)<\/sup><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(24,208)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(24,208)\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP general and administrative<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n26,971\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n21,417\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n77,633\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n57,178\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n Reconciliation of operating income (loss)<\/span><\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP operating loss<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(2,378)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(27,402)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(4,133)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(30,630)\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,862\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,374\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n137,465\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n98,540\n<\/p>\n<\/td>\n<\/tr>\n \nCharitable contribution to foundation (1)<\/sup><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n24,208\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n24,208\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP operating income<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n47,484\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n32,180\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n133,332\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n92,118\n<\/p>\n<\/td>\n<\/tr>\n GAAP operating margin<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1%)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(11%)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(0%)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(4%)\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP operating margin<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n15%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n13%\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Reconciliation of net income (loss)<\/span><\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n GAAP net income (loss)<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n13,052\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(12,026)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n42,050\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n\u00a09,367\n<\/p>\n<\/td>\n<\/tr>\n \nShare-based compensation\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,862\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n35,374\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n137,465\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a098,540\n<\/p>\n<\/td>\n<\/tr>\n \nCharitable contribution to foundation (1)<\/sup><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n24,208\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n24,208\n<\/p>\n<\/td>\n<\/tr>\n \nTax benefit related to share-based compensation(2)<\/sup><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,015)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,587)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(937)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0(6,112)\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP net income<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n61,899\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n44,969\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n178,578\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n\u00a0126,003\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n Reconciliation of GAAP to Non-GAAP Financial Information (cont.)<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Three months ended \n\u00a0\n<\/p>\n<\/td>\n Nine months ended \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n<\/tr>\n Reconciliation of weighted average number of shares outstanding<\/span><\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted-average ordinary shares used in calculating GAAP and Non-GAAP net income (loss) per ordinary share, basic\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n51,687,504\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n50,134,930\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n51,361,840\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n49,674,755\n<\/p>\n<\/td>\n<\/tr>\n \nEffect of dilutive shares (3)<\/sup><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,576,981\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,490,965\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n1,813,580\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,589,783\n<\/p>\n<\/td>\n<\/tr>\n \nWeighted-average ordinary shares used in calculating GAAP and Non-GAAP net income (loss) per ordinary share, diluted\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n53,264,485\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n52,625,895\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n53,175,420\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n52,264,538\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n GAAP net income (loss) per share, basic<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.25\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(0.24)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.82\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.19\n<\/p>\n<\/td>\n<\/tr>\n GAAP net income (loss) per share, diluted<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.25\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n(0.24)\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.79\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.18\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP net income per share, basic<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1.20\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.90\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n3.48\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n2.54\n<\/p>\n<\/td>\n<\/tr>\n Non-GAAP net income per share, diluted<\/b><\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n1.16\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n0.85\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n3.36\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n2.41\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n(1)\n<\/p>\n<\/td>\n \nIncludes, during the three and nine months ended September 30, 2024, (i) an equity grant of $17.9 million, which represents the fair market value of 68,000 of our ordinary shares that we contributed to the monday.com foundation, and (ii) a one-time cash contribution of $6.3 million from us to the monday.com foundation, calculated based on 1% of the gross proceeds from our initial public offering.\n<\/p>\n<\/td>\n<\/tr>\n \n(2)\n<\/p>\n<\/td>\n \nThe tax benefit related to share-based compensation was excluded in calculating non-GAAP net income and non-GAAP net income per basic and diluted share. The Company believes that excluding the tax benefit enables investors to see the full effect that excluding share-based compensation expenses had on the operating results.\n<\/p>\n<\/td>\n<\/tr>\n \n(3)\n<\/p>\n<\/td>\n \nThe effect of these dilutive shares was not included in the GAAP calculation of diluted net loss per share for the three months ended September 30, 2024, because the effect would have been anti-dilutive.\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n MONDAY.COM LTD<\/b><\/p>\n<\/td>\n<\/tr>\n Reconciliation of net cash provided by operating activities to adjusted free cash flow<\/b><\/p>\n<\/td>\n<\/tr>\n (U.S. dollars in thousands)<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n Three months ended \n\u00a0\n<\/p>\n<\/td>\n Nine months ended \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2025<\/b><\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n 2024<\/b><\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(unaudited)\n<\/p>\n<\/td>\n<\/tr>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n \nNet cash provided by operating activities\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n95,144\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n86,605\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n273,951\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n234,354\n<\/p>\n<\/td>\n<\/tr>\n \nPurchase of property and equipment\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,984)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(3,800)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(13,555)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(9,764)\n<\/p>\n<\/td>\n<\/tr>\n \nCapitalized software development costs\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(941)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(393)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(2,644)\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n(1,463)\n<\/p>\n<\/td>\n<\/tr>\n \nPurchase of property and equipment related to build-out and expansion of our corporate headquarters\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n2,082\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n8,174\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n\u2014\n<\/p>\n<\/td>\n<\/tr>\n \nAdjusted free cash flow\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n92,301\n<\/p>\n<\/td>\n \n$\n<\/p>\n<\/td>\n \n82,412\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n265,926\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n223,127\n<\/p>\n<\/td>\n<\/tr>\n \nAdjusted free cash flow margin\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n29%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n33%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n30%\n<\/p>\n<\/td>\n \n\u00a0\n<\/p>\n<\/td>\n \n32%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n \n\u00a0\n<\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251110916779\/en\/<\/a><\/span><\/p>\n Investor Relations: Media Relations: KEYWORDS:<\/b> New York United States North America Israel Middle East<\/p>\n INDUSTRY KEYWORDS:<\/b> Software Technology Artificial Intelligence Data Management<\/p>\n\n
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\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n
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September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
\n \n \n \n \n \n \n \n \n \n \n \u00a0<\/td>\n<\/tr>\n \n \n \n \n
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September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n
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<\/b>September 30,<\/b><\/p>\n<\/td>\n\n \n
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September 30,<\/b><\/p>\n<\/td>\n<\/tr>\n\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n <\/p>\n
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Byron Stephen
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byron@monday.com<\/a><\/p>\n
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Ariella Davner
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ariellada@monday.com<\/a><\/p>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20251110916779\/en\/1604624\/3\/monday-logo.jpg\"){kind=logo}
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