monday.com Ltd. delivered robust Q3 FY 2025 results, achieving a record non-GAAP operating profit while significantly expanding its customer base and product offerings, positioning the company favorably for its long-term revenue targets.
- Total revenue reached $317 million, a 26% increase year-over-year, driven by strong performance in larger customer segments.
- Recorded net additions of over 100,000 customers, exceeding 500,000 paying customers in total, highlighting the effectiveness of their go-to-market strategy.
- Operating income reached a record $47.5 million, with an operating margin of 15%, underscoring improved operational efficiency.
- New product revenues surpassed 10% of total ARR, ahead of their 2025 goal, reflecting successful multi-product and AI-driven strategies.
- Gross margin maintained at 90%, with expectations to remain in the high 80s in the medium to long term.
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