Monday.com shares plunge 87% from peak amid software selloff

Monday.com has lost about 86.9% from its all-time high, a brutal reset that now leaves the work-OS company trading around $58.81 after touching $450 on Nov. 9, 2021. The collapse puts monday.com alongside other beaten-down workplace software names like PATH and TEAM, as investors reassess whether AI is strengthening these platforms or slowly hollowing out the moat around them.

The market’s verdict has been far harsher than the operating results. Monday.com went public on Nasdaq in June 2021, with shares pricing at $155 and beginning trading on June 10 before the stock later climbed to its peak. Since then, the drawdown has become one of the clearest examples of how aggressively software valuation has reset, even for companies still growing at a healthy clip.

That tension is the point. Monday.com reported $333.9 million in fourth-quarter 2025 revenue, up 25% year over year, and $1.232 billion in fiscal 2025 revenue, up 27%. Management said the company now has more than 250,000 customers worldwide, while customers with more than $50,000 in annual recurring revenue accounted for 41% of total ARR. It also said monday vibe became the fastest product in company history to cross $1 million in ARR and that monday.com logged record net adds of customers with more than $100,000 in ARR.

For employees in New York, Tel Aviv and elsewhere across the company’s remote-first and hybrid footprint, that is a familiar SaaS contradiction: product momentum can look strong inside the business while the public market punishes the category anyway. Engineers and product managers can point to faster adoption, larger customer accounts and new AI-flavored features; sales teams still have to sell into a market that is questioning how durable work software pricing will be if AI changes how teams build, assign and automate work.

That concern has widened well beyond monday.com. High-profile strategist Shay Boloor has been tracking the continued slide in software names, and a Bloomberg report said the iShares Expanded Tech-Software Sector ETF fell 3.9% in a single session and was down more than 27% for the year as investors absorbed fresh fears about AI disruption. The message for monday.com is harsh but clear: strong revenue and expanding enterprise traction are no longer enough on their own to protect a stock that the market thinks may be repriced for a very different software era.