Fourth-quarter revenue of $202.6 million, which is a 35% increase year over year.
– The number of customers with more than $50k ARR (Annual Recurring Revenue) grew by 56% year over year.
– They achieved a record annual non-GAAP operating margin and free cash flow.
– For the full fiscal year 2023, revenue was $729.7 million, an increase of 41% year over year.
– GAAP operating loss for the fiscal year was $38.6 million, compared to a loss of $152.0 million in fiscal 2022.
– Net cash provided by operating activities was $215.4 million, with $204.9 million of free cash flow, compared to net cash provided by operating activities of $27.1 million and $8.1 million of free cash flow in fiscal 2022.
– Net dollar retention rate for customers with more than $50,000 in annual recurring revenue (“ARR”) was 115%.
– The number of paid customers with more than $50,000 in ARR was 2,295, up 56% from 1,474 as of December 31, 2022.
– For the first quarter of fiscal year 2024, monday.com projects total revenue of $207 million to $211 million, representing year-over-year growth of 28% to 30%.
– For the full year 2024, monday.com projects total revenue of $926 million to $932 million, representing year-over-year growth of 27% to 28%.