Monday.com stays profitable as stock slides, short sellers pile on

monday.com is still producing real profit, but the market is treating the stock like a company that has to prove itself all over again. The software maker posted $1.23 billion in revenue and $118.74 million in profit over the last 12 months, yet its share price was down 74.18% over the prior year, with a 5-year beta of 1.29, a 50-day moving average of 76.23, a 200-day moving average of 164.08 and an RSI of 32.83, a setup that leaves it close to oversold territory. Short interest stood at 5.73 million shares, or 11.29% of shares outstanding, a sizable bearish bet that says skepticism is still very much in the trade.

That disconnect matters inside monday.com as much as it does on Wall Street. When a public company’s stock stays under pressure even while profits remain positive, equity compensation feels less valuable in the near term, recruiting conversations get harder, and management has to sell a longer-term story with more proof and less polish. For product and engineering teams, that means every AI launch, workflow feature and reliability improvement has to do more than look good in a demo. For sales, the burden shifts to expansion and larger contracts, because bigger enterprise deals are what can change the narrative fastest.

The company still has the growth numbers to back up its argument. Revenue in the fourth quarter of 2025 rose 25% year over year to $333.9 million, and monday.com said full-year 2025 revenue reached a company record. Customers with more than $50,000 in annual recurring revenue now account for 41% of total ARR, and the company also said it logged record net adds of customers with more than $100,000 in ARR in the quarter. monday vibe, the company’s newer product push, became the fastest product in its history to top $1 million in ARR, a useful reminder that the bull case is still tied to whether monday.com can keep turning new features into real spending from larger customers.

That pressure is sharper because monday.com is no longer a scrappy private startup. Founded in 2012 by Roy Mann and Eran Zinman in Tel Aviv, the company went public on Nasdaq on June 10, 2021 at $155 a share, selling 3.7 million ordinary shares and another 370,000 when underwriters used their option. It now says it serves more than 250,000 customers worldwide and operates its North American headquarters at 225 Park Avenue South in New York City. The story here is not collapse; it is re-rating. Investors are waiting for proof that monday.com can turn product momentum, enterprise adoption and AI features into durable demand that the market will reward.