monday.com Hits $1 Billion ARR Milestone
Ticker: MNDY · Form: 6-K · Filed: Aug 26, 2024 · CIK: 1845338
| Field | Detail |
|---|---|
| Company | Monday.Com Ltd. (MNDY) |
| Form Type | 6-K |
| Filed Date | Aug 26, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $1 Billion |
| Sentiment | bullish |
Sentiment: bullish
Topics: revenue-milestone, software, growth
TL;DR
monday.com just crossed $1B ARR, big win for the Work OS platform.
AI Summary
On August 26, 2024, monday.com Ltd. announced it has achieved a significant financial milestone, surpassing $1 billion in Annual Recurring Revenue (ARR). This achievement highlights the company's strong growth and market position in the software industry.
Why It Matters
Reaching $1 billion in ARR is a major indicator of a software company's sustained growth and market traction, suggesting strong customer adoption and revenue predictability.
Risk Assessment
Risk Level: low — This filing is an announcement of a positive financial milestone, not a disclosure of new risks or negative events.
Key Numbers
- $1.0B — Annual Recurring Revenue (ARR) (Represents a significant growth and financial achievement for the company.)
Key Players & Entities
- monday.com Ltd. (company) — The company announcing the milestone.
- $1 billion (dollar_amount) — The Annual Recurring Revenue (ARR) milestone achieved.
- August 26, 2024 (date) — The date of the announcement.
FAQ
What is the specific date of the press release announcing the $1 billion ARR milestone?
The press release titled 'monday.com Achieves Significant Financial Milestone with $1 Billion in Annual Recurring Revenue' was issued on August 26, 2024.
What is the company's Central Index Key (CIK)?
The CIK for monday.com Ltd. is 0001845338.
What form is this report filed under?
This report is filed as a Form 6-K.
What is the company's fiscal year end?
The fiscal year end for monday.com Ltd. is December 31 (1231).
What is the company's business address?
The business address is 6 Yitzhak Sadeh Street, Tel Aviv, Israel, 6777506.
Filing Stats: 269 words · 1 min read · ~1 pages · Grade level 8.8 · Accepted 2024-08-26 07:00:11
Key Financial Figures
- $1 Billion — es Significant Financial Milestone with $1 Billion in Annual Recurring Revenue". A copy of
Filing Documents
- zk2431922.htm (6-K) — 11KB
- exhibit_99-1.htm (EX-99.1) — 8KB
- 0001178913-24-002760.txt ( ) — 19KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. MONDAY.COM LTD. By: /s/ Shiran Nawi Name: Shiran Nawi Title: Chief People and Legal Officer Date: August 26, 2024 EXHIBIT INDEX Exhibit Description 99.1 Press release, dated August 26, 2024