Monday.com (MNDY) Reports Q1 2026 Revenue of $351.M, Up 24% YoY

Monday.com Ltd. (NASDAQ:MNDY) is one of the best new tech stocks with highest upside potential. On May 11, Monday.com reported strong financial results for Q1 2026, with revenue reaching $351.3 million, a 24% increase year-over-year. The company achieved record GAAP operating income of $19.8 million and non-GAAP operating income of $49.0 million. Net cash provided by operating activities stood at $104.7 million, supported by an adjusted free cash flow of $102.8 million.

The company experienced significant customer growth, particularly among larger accounts, hitting record net additions for clients with over $500,000 in ARR. Alongside these financial milestones, Monday.com launched its AI Work Platform featuring native agents, introduced a new consumption-based pricing model, and agreed to acquire OneAI to expand its voice agent capabilities.

Monday.com (MNDY) Reports Q1 2026 Revenue of $351.M, Up 24% YoY

Pixabay/Public Domain

For Q2, Monday.com Ltd. (NASDAQ:MNDY) projects total revenue between $354 million and $356 million. For the full fiscal year, the company expects total revenue to range from $1,466 million to $1,474 million, representing a 19% to 20% year-over-year growth rate, with an anticipated full-year adjusted free cash flow of $280 million to $290 million.

Monday.com Ltd. (NASDAQ:MNDY) is a software company headquartered in Tel Aviv, Israel. The company develops cloud-based work management platforms that help businesses manage projects, workflows, customer relationships, and software development processes.

While we acknowledge the risk and potential of MNDY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than MNDY and that has 10,000% upside potential, check out our report about the cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

1281292 - 11759070 - 1