Monday.com Posts Strong Growth, Raising Valuation
Feb 11, 2025
Monday.com reported an excellent Q4 and fiscal year, with revenue up over 33%, net retention holding steady at 115%, and paying customers generating over $100K in annual recurring revenue soaring 45%. These strong metrics demonstrate that Monday's WorkOS platform continues to gain major traction within large organizations. The company is also well-positioned at the "app layer" of the AI boom, rolling out numerous AI-based enhancements, including agents that can "learn" and perform complex workflow tasks autonomously. App-level AI is poised to capture the most financial value in the long run. I continue to be a big fan of Monday.com, and I’m raising my fair value estimate to $231.
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