Home / Business and Economy / Formula Growth Buys $3.9M Stake in monday.com
Formula Growth Buys $3.9M Stake in monday.com
21 Dec, 2025
Summary
- Formula Growth acquired 20,000 monday.com shares worth $3.9 million.
- This new stake represents 1.4% of Formula Growth's assets.
- monday.com's revenue grew 26% year-over-year in Q3.
In the third quarter, Montreal-based investment firm Formula Growth established a new position in monday.com (NASDAQ:MNDY) by acquiring 20,000 shares valued at approximately $3.9 million. This newly acquired stake represents 1.4% of Formula Growth's assets under management. The filing with the Securities and Exchange Commission was made on November 13.
Despite monday.com's stock experiencing a year-to-date decline of 35%, the company reported robust financial performance. In the third quarter, monday.com's revenue surged by 26% year-over-year, reaching $316.9 million. The company also achieved a non-GAAP operating income of $47.5 million, with expanded margins of 15%.
This strategic investment by Formula Growth suggests a potential early-stage conviction in monday.com's value proposition. The company's cloud-based Work OS platform caters to a wide array of business needs, including workflow automation and collaboration, with a subscription-based revenue model. monday.com's continued customer growth, particularly in the enterprise segment, and strong free cash flow of $92.3 million, indicate underlying business strength.
