monday.com Reports Strong Q1 Results While Shares Trade Roughly 75% Below Year‑Ago Levels

Overview

• monday.com reported Q1 2026 revenue of $351.3 million, a 24% year‑over‑year increase, with GAAP operating income of $19.8 million and operating cash flow of about $104.7 million.
• The company finished the quarter with roughly $1 billion in cash and equivalents and repurchased about $552.6 million of stock in the period, reducing shares outstanding by about 8.5% year over year.
• Management unveiled an AI Work Platform with native agents, introduced consumption pricing, agreed to acquire OneAI for voice agent capability, and raised full‑year revenue guidance toward $1.47 billion.
• Despite those results and product moves, the stock has fallen about 73–75% over the past year, creating a large gap between operating performance and market price.
• SEC filings dated May 14 show Conifer Management initiated a 400,000‑share position worth an estimated $38.4 million while Strategy Capital LLC sold all 222,388 shares it held, a split that underscores sharply different institutional views and possible re‑rating risk for the stock.