The company maintains a conservative capital structure with a debt-to-equity ratio of 0.23 as of 2026Q1, supported by a substantial cash position of $997.1 million.
| Total Current Assets | 1.35B | 1.79B | 1.53B | 1.17B | 923.85M | 913.49M | 147.62M | 181.31M |
| Cash & Short-Term Investments | 1.21B | 1.67B | 1.46B | 1.12B | 885.89M | 886.81M | 139.81M | 175.6M |
| Cash Only | 997.13M | 1.5B | 1.41B | 1.12B | 885.89M | 886.81M | 129.81M | 171.6M |
| Short-Term Investments | 215.14M | 162.31M | 50M | 0 | 0 | 0 | 10M | 4M |
| Accounts Receivable | 34.37M | 30.55M | 32.26M | 28.73M | 17.1M | 8.75M | 3.91M | 3.44M |
| Days Sales Outstanding | 9.74 | 9.05 | 12.11 | 14.37 | 12.02 | 10.36 | 8.86 | 16.07 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 100.69M | 93.06M | 22.11M | 14.76M | 3.32M | 4.92M | 1.39M | 480K |
| Total Non-Current Assets | 344.87M | 317.54M | 153.26M | 102.51M | 115.2M | 19.7M | 9.8M | 3.84M |
| Property, Plant & Equipment | 214.28M | 203.04M | 136.28M | 99.7M | 114.61M | 19.6M | 7.18M | 3.19M |
| Fixed Asset Turnover | 7.16x | 6.07x | 7.13x | 7.32x | 4.53x | 15.72x | 22.45x | 24.45x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 8.82M | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 73.95M | 55.82M | 8.16M | 2.82M | 585K | 100K | 2.62M | 645K |
| Total Assets | 1.69B | 2.11B | 1.69B | 1.28B | 1.04B | 933.19M | 157.42M | 185.15M |
| Asset Turnover | 0.67x | 0.58x | 0.58x | 0.57x | 0.50x | 0.33x | 1.02x | 0.42x |
| Asset Growth % | 80.09% | 24.98% | 32.13% | 22.77% | 11.34% | 492.8% | -14.98% | - |
| Total Current Liabilities | 782.38M | 714.87M | 575.62M | 416.01M | 298.22M | 228.19M | 140.44M | 80.76M |
| Accounts Payable | 46.53M | 45M | 35.61M | 24.84M | 7.33M | 23.61M | 25.73M | 18.95M |
| Days Payables Outstanding | 114.52 | 123.41 | 125.35 | 112.41 | 40.24 | 220.91 | 417.69 | 577.45 |
| Short-Term Debt | 28.53M | 25.82M | 0 | 0 | 0 | 0 | 21.02M | 13.03M |
| Deferred Revenue (Current) | 1.22B | 409.68M | 343.38M | 269.08M | 200.9M | 136.57M | 72.28M | 42.65M |
| Other Current Liabilities | 707.32M | 234.38M | 95.96M | 63.44M | 47.85M | 51.95M | 14.21M | 3.49M |
| Current Ratio | 1.72x | 2.50x | 2.66x | 2.82x | 3.10x | 4.00x | 1.05x | 2.25x |
| Quick Ratio | 1.72x | 2.50x | 2.66x | 2.82x | 3.10x | 4.00x | 1.05x | 2.25x |
| Cash Conversion Cycle | -104.77 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 151.13M | 144.89M | 79.66M | 46.13M | 61.08M | 1.61M | 234.54M | 235.01M |
| Long-Term Debt | 0 | 142.95M | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 480.43M | 142.95M | 77.02M | 42.95M | 58.64M | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.09M | -142.95M | 0 | 0 | 0 | 0 | 234.54M | 235.01M |
| Total Liabilities | 933.51M | 859.76M | 655.28M | 462.15M | 359.3M | 229.8M | 374.98M | 315.77M |
| Total Debt | 177.57M | 311.71M | 106.04M | 61.15M | 77.72M | 84K | 21.1M | 13.11M |
| Net Debt | -819.56M | -1.19B | -1.31B | -1.05B | -808.17M | -886.73M | -108.71M | -158.49M |
| Debt / Equity | 0.23x | 0.25x | 0.10x | 0.08x | 0.11x | 0.00x | - | - |
| Debt / EBITDA | 7.85x | 25.85x | - | - | - | - | - | - |
| Net Debt / EBITDA | -36.24x | -98.82x | - | - | - | - | - | - |
| Interest Coverage | - | - | - | 8.51x | -162.46x | -129.75x | -147.38x | -117.24x |
| Total Equity | 758.69M | 1.25B | 1.03B | 813.51M | 679.74M | 703.39M | -217.56M | -130.62M |
| Equity Growth % | 51.42% | 21.02% | 26.64% | 19.68% | -3.36% | 423.32% | -66.56% | - |
| Book Value per Share | 15.53 | 23.49 | 19.65 | 16.82 | 14.84 | 15.80 | -5.61 | -3.37 |
| Total Shareholders' Equity | 758.69M | 1.25B | 1.03B | 813.51M | 679.74M | 703.39M | -217.56M | -130.62M |
| Common Stock | 0 | 1.66B | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | -405.26M | -433.29M | -552.03M | -584.4M | -582.53M | -445.66M | -316.37M | -164.16M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 18.1M | 3.19M | 9.8M | -3.21M | 594K | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Geopolitical and Talent Concentration
As reported in recent financial statements, monday.com has successfully expanded its total asset base from $1.3 billion in 2023Q4 to $1.7 billion by 2026Q1, reflecting a consistent trend of balance sheet fortification that supports the company's ongoing transition into a multi-product enterprise software platform.
The steady growth in total assets, primarily driven by cash accumulation, suggests a business model that is increasingly self-sustaining. This trajectory indicates that the company is effectively converting its recurring subscription revenue into a liquidity buffer that provides significant strategic optionality.
Based on the provided quarterly data, the company maintains a strong liquidity profile with a current ratio of 1.72 as of 2026Q1, supported by a substantial cash position that has consistently remained above $1 billion throughout the last ten quarters of reported operations.
This liquidity buffer serves as a critical shock absorber against potential market volatility or regional operational disruptions. Investors should monitor whether this cash position is deployed toward strategic M&A to accelerate the multi-product roadmap or if it remains a defensive reserve against macroeconomic headwinds.
According to the balance sheet figures, retained earnings remain negative at -$405.3 million as of 2026Q1, highlighting that the company's equity base is heavily influenced by historical losses and the persistent use of stock-based compensation to retain talent in a competitive tech market.
While the equity position has grown, the reliance on non-cash compensation warrants careful scrutiny regarding long-term shareholder dilution. The persistent negative retained earnings suggest that GAAP profitability remains a secondary objective to aggressive market share capture and talent acquisition.
As indicated by the reported financial data, the company maintains a conservative capital structure with a debt-to-equity ratio of 0.23 in 2026Q1, demonstrating that its growth strategy is funded primarily through internal cash generation rather than reliance on external debt financing.
The low leverage profile provides the company with significant financial flexibility, particularly in a high-interest-rate environment where debt service costs could otherwise constrain growth. This lack of meaningful debt obligations suggests that the business model is not exposed to refinancing risks or restrictive covenant pressures.
Based on the provided data, the absence of significant goodwill or intangible assets on the balance sheet suggests that the company's valuation is currently driven by organic growth rather than past acquisitions, which may change as the firm pursues a more aggressive multi-product expansion strategy.
The lack of goodwill is a positive indicator of organic development, but it also implies that any future inorganic growth through acquisitions could lead to significant balance sheet volatility. Analysts should watch for potential impairment risks if the company shifts toward a more acquisition-heavy strategy to compete with larger incumbents.
Quick answers to the most common questions about buying MNDY stock.
As of 2025, monday.com Ltd. (MNDY) had total assets of $2.11B including $1.79B in current assets.
monday.com Ltd. (MNDY) carries total debt of $311.7M, offset by $1.67B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
monday.com Ltd. (MNDY) has total shareholders' equity (book value) of $1.25B ($23.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
monday.com Ltd. (MNDY) reported a current ratio of 2.50x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.