monday.com (MNDY) Q3 2026 earnings summary

Executive summary

• Q3 revenue was $377.5M, up 19% YoY; non-GAAP operating income reached a record $89.4M, with a 24% margin.

• AI ARR reached $36M, while customers with $50K+ ARR grew 26% YoY to 5,038; net dollar retention for this cohort was 114%.

Financial highlights

• GAAP operating income was $31.2M versus a $2.4M loss YoY; GAAP net income was $35.2M versus $13.1M.

• GAAP diluted EPS was $0.80 versus $0.25 YoY; non-GAAP diluted EPS was $2.14 versus $1.16.

• Adjusted free cash flow was $63.0M, or 17% of revenue, versus $92.3M and 29% in Q3 FY25; operating cash flow was $20.4M.

• 9M revenue was $1.093B versus $898.1M; GAAP net income was $66.7M versus $42.1M.

Outlook and guidance

• Q4 FY26 revenue guidance is $380M–$382M, implying ~14% YoY growth; non-GAAP operating income guidance is $68M–$70M, or ~18% margin.

• FY26 revenue guidance is $1.473B–$1.475B, implying ~20% YoY growth; non-GAAP operating income guidance is $268M–$270M, or ~18% margin.

• FY26 adjusted free cash flow guidance is $282M–$288M, with a 19%–20% margin; guidance assumes a 100–200 bps negative FX impact.