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monday.com Ltd.

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19
   20-F20-F20-F
Revenues:  
    EMEA  97.349.724.8
    Rest of the world  62.633.416.8
    United States  148.377.936.4
Total revenues  308.2161.178.1
            Revenue growth   [+]91.3%106.3% 
Cost of goods sold  39.022.512.0
Gross profit  269.1138.666.1
            Gross margin  87.3%86.0%84.7%
Selling, general and administrative   [+]321.6245.7134.0
Research and development  73.743.524.6
EBITDA   [+]-123.4-148.6-91.9
            EBITDA margin  -40.0%-92.3%-117.7%
Depreciation and amortization  2.71.90.6
EBIT   [+]-126.1-150.5-92.5
            EBIT margin  -40.9%-93.4%-118.5%
Other income (expense), net   [+]-0.80.51.6
Pre-tax income  -127.0-150.0-90.9
Income taxes  2.32.20.7
Net income  -129.3-152.2-91.6
            Net margin  -42.0%-94.5%-117.3%
   
Basic EPS   [+]($4.26)($12.63)($8.07)
Diluted EPS   [+]($4.26)($12.63)($8.07)
   
Shares outstanding (basic)   [+]30.312.011.3
Shares outstanding (diluted)   [+]30.312.011.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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