monday.com Reports Q2 2025 Results, monday CRM Reaches $100M ARR Amidst Cautious Outlook

MNDY
October 08, 2025

monday.com Ltd. reported its second-quarter 2025 financial results, with revenue reaching $299.0 million, a 27% increase year-over-year. The company added a record number of net new customers with over $100,000 in annual recurring revenue (ARR), and monday CRM recently achieved $100 million in ARR.

The company's non-GAAP operating margin for Q2 2025 was 15%, and it generated $64.1 million in adjusted free cash flow, achieving a 21% margin. The net dollar retention (NDR) rate stood at 111%. However, monday.com reported a GAAP operating loss of $11.551 million for the quarter.

For the third quarter of fiscal year 2025, monday.com expects revenue between $311 million and $313 million, representing 24% to 25% year-over-year growth, with a non-GAAP operating margin of 11% to 12%. Management acknowledged some softness in the down market due to changes in the Google algorithm and adopted a more conservative approach to guidance due to broader macroeconomic uncertainties.

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