Monday.com Ltd. cash flow statement

In fiscal 2025, Monday.com Ltd.'s operations generated $334m of cash; it spent $20.4m on capital projects, leaving free cash flow of $313m. It returned $135m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Monday.com Ltd.: cash flow statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	−37	−37	16	27	215	311	334
Depreciation and amortisation	1	2	3	9	9	12	14
Stock-based pay	22	64	74	105	100	129	177
Capital spending	1	4	12	16	8	13	20
Free cash flow	−38	−42	5	11	208	298	313
Free cash flow after stock pay	−60	−106	−69	−94	107	169	136
Share buybacks	—	—	—	—	0	0	135

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Monday.com Ltd.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Monday.com Ltd.