Monday.com (MNDY) Q1 2026 Earnings Transcript

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Date

Monday, May 11, 2026 astatine 8:30 a.m. ET

Call participants

• Co-Chief Executive Officer & Co-Founder — Roy Mann

• Co-Chief Executive Officer & Co-Founder — Eran Zinman

• Chief Financial Officer — Eliran Glazer

• Chief Revenue Officer — Casey George

Full Conference Call Transcript

Roy Mann: Thank you, Byron, and convey you, everyone, for joining america today. Monday.com delivered a beardown commencement to 2026. Q1 gross grew 24% year-over-year reflecting sustained request for our level arsenic enterprises consolidate their enactment infrastructure. We generated a grounds $49 cardinal successful operating profit, demonstrating that our maturation is progressively efficient. Adjusted escaped currency travel borderline expanded to 29%, underscoring the fiscal durability of our concern model. Gross retention continued to amended successful Q1, reaching humanities highs for the company, reflecting however profoundly monday.com is embedded successful however our customers tally their businesses. Enterprise momentum continued to physique with 42% of ARR coming from our customers with implicit $50,000 successful ARR.

A grounds fig of caller customers with implicit $500,000 successful ARR and mean declaration values proceed to expand, reinforcing that the consolidation of enactment Instructure onto monday.com is simply a durable enterprise-led trend. The marketplace is besides responding to our AI product. Approximately 3% of our nett caller ARR successful Q1 was driven by AI, a fig we expect to turn arsenic our AI offering grow and mature. We are besides seeing the benefits of AI play retired successful sanmina.com itself. Since 2025, AI has driven a 32% summation successful our output per developer and a 38% simplification successful merchandise clip to market. AI gives our engineers the bandwidth to beryllium much rigorous astir the architecture, borderline cases and semipermanent maintainability.

The effect is simply a squad that ships much and breaks less. We judge this is an aboriginal but meaningful awesome of what AI autochthonal engineering looks similar successful practice, and we mean to support pushing connected that frontier. Now fto maine crook it implicit to Eran to locomotion you done immoderate of the important advancement we've made successful our AI-driven products during the quarter.

Eran Zinman: Thank you, Roy. At our Investor Day past September, we laid retired a cardinal displacement successful however we spot monday.com. Not a level that helps teams negociate work, but 1 that really does the enactment for them. Last week, we bash the astir important measurement successful that journey, changing our halfway offering from monday Work Management to monday AI enactment platform. This is not a diagnostic merchandise oregon a rebrand. We person rearchitectured the halfway of our level astir azygous content that enactment should beryllium orchestrated betwixt humans and AI agents astatine standard from a azygous strategy of records.