Key Highlights

● Revenue was $364.6 million, up 22% from $299.0 million.

● Non-GAAP operating income rose to $61.1 million, a 17% margin.

● Customers above $50,000 in annual recurring revenue grew 31% to 4,834.

● Full-year revenue is guided to $1,466 million to $1,474 million.

monday.com (NASDAQ:MNDY) reported second-quarter 2026 results on 10 August 2026. Revenue was $364.6 million, up 22% from $299.0 million a year earlier, including a favourable currency effect of about 110 basis points. The result shows a work-management software business still growing at a double-digit rate while improving profitability.

Profit Measures

Non-GAAP operating income was $61.1 million, up from $45.1 million, and the non-GAAP operating margin was 17% compared with 15% a year earlier. GAAP results were closer to breakeven. The company recorded a GAAP operating loss of $1.5 million, against a loss of $11.6 million a year earlier, after a $21.4 million restructuring charge that is excluded from the non-GAAP figures. GAAP net income was $3.5 million, or $0.08 per share, and non-GAAP diluted earnings per share were $1.48.

Customers and Retention

Customers above $50,000 in annual recurring revenue rose 31% to 4,834, from 3,702. Net dollar retention was 109% overall and 115% among those larger customers, which means existing accounts kept expanding their spending.

Operating cash flow was $55.4 million, and adjusted free cash flow was $52.3 million, a 14% margin. Cash and cash equivalents were $853.4 million at 30 June 2026, with a further $219.4 million in marketable securities.

Third-Quarter and Full-Year Guidance

For the third quarter, monday.com guided to revenue of $368 million to $370 million, growth of 16% to 17%, and non-GAAP operating income of $57 million to $59 million. For 2026 it guided to revenue of $1,466 million to $1,474 million, growth of 19% to 20%, non-GAAP operating income of $230 million to $234 million and adjusted free cash flow of $280 million to $290 million. These are company forecasts.

Risks to Track

Growth is guided to slow from 22% in the second quarter to 16% to 17% in the third, so the pace of deceleration matters. The restructuring charge also shows the gap between GAAP and non-GAAP profit that investors have to read carefully.

Third-Quarter Guide as Benchmark

The next checkpoint is whether third-quarter revenue lands within the guided range, whether the margin holds near 16%, and how retention among larger customers develops.