Monday.com Shares Plunge 29.8% as $1.66B Volume Surges 451% to Rank 39th Despite 27% Q2 Revenue Growth

On August 11, 2025, monday.com (MNDY) closed with a 29.80% decline, trading at $1.66 billion in volume—a 451.72% surge from the prior day. The stock ranked 39th in daily trading activity. Despite the sharp drop, the company reported Q2 2025 results highlighting 27% year-over-year revenue growth to $299 million, driven by expanded customer base and product innovation.

Management emphasized robust demand for its enterprise-focused platform, particularly AI-enhanced tools like monday magic and monday vibe. Net dollar retention rates exceeded 115% across key segments, with paid customers generating over $100k in ARR rising 46% to 1,472. monday CRM reached $100 million in ARR three years post-launch, underscoring vertical expansion. However, GAAP operating losses widened to $11.6 million, contrasting with non-GAAP operating income of $45.1 million, reflecting ongoing cost management challenges.

The stock’s selloff diverged from strong operational metrics, suggesting market skepticism toward near-term profitability. Guidance for Q3 2025 includes $311–$313 million in revenue, with non-GAAP operating income projected at $34–$36 million. New leadership appointments and AI feature rollouts aim to sustain growth, though execution risks remain amid macroeconomic uncertainty.

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