Assertion Supported AI assessment confidence: 95% certainty 4/5 debate potential 1/5

Lemkin: monday.com swung to 25% free cash flow margin in five quarters

Jason Lemkin · 2024 SaaS Landscape: Why 2024 Could be Pretty Darn Good for SaaS IPOs with SaaStr CEO Jason Lemkin · Oct 3, 2023 · at 13:50

Jason Lemkin reviews monday.com's public financials as an example of rapid operational efficiency improvements in SaaS.

0:00 / 0:10exact quote · 10.9s

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“Monday went from cash flow negative To very cashflow positive in five quarters. It's crazy. Again, they went from something like -15% free cashflow to positive 25% in five quarters”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

monday.com shifted from approximately -15% free cash flow margin to positive 25% free cash flow margin in five quarters.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

According to monday.com's SEC filings (Form 6-K quarterly reports), the company experienced an exact swing matching the speaker's statement over a five-quarter span leading into mid-2023. Specifically, between Q2 2022 and Q2 2023 (5 quarters: Q2'22, Q3'22, Q4'22, Q1'23, Q2'23), adjusted free cash flow margin improved from -15.5% (-$19.2M on $123.7M revenue) to +26.1% (+$45.9M on $175.7M revenue). Similarly, across the five quarters from Q1 2022 to Q1 2023, FCF margin moved from -14.9% to +23.8%. Both intervals corroborate the claim of shifting from approximately -15% to +25% free cash flow margin in five quarters.

monday.com Q2 2022 Form 6-K: Adjusted FCF of -$19.2M on $123.7M revenue (-15.5% margin)
monday.com Q2 2023 Form 6-K: Adjusted FCF of $45.9M on $175.7M revenue (+26.1% margin)
monday.com Q1 2022 Form 6-K: Adjusted FCF of -$16.2M on $108.5M revenue (-14.9% margin)
monday.com Q1 2023 Form 6-K: Adjusted FCF of $38.7M on $162.3M revenue (+23.8% margin)

Checked against

[1] monday.com [2] monday.com [3] q4cdn.com [4] q4cdn.com [5] fool.com [6] fool.com [7] monday.com [8] monday.com

"monday.com" "Q3 2022" "free cash flow" OR "adjusted free cash flow" margin "monday.com" "Q2 2023" "free cash flow" "margin" OR "45.9" OR "64.6" "monday.com" "Q2 2022" "Adjusted free cash flow" "margin was" OR "adjusted free cash flow was" "monday.com" "First Quarter 2022 Results" "adjusted free cash flow" "monday.com" "August 8, 2022" "free cash flow" OR "adjusted free cash flow" "monday.com" "November 14, 2022" "free cash flow" OR "adjusted free cash flow" "monday.com" "Q1 2022" "adjusted free cash flow" OR "free cash flow" "margin" OR "thousands" "monday.com" "February 13, 2023" "free cash flow" OR "adjusted free cash flow" "monday.com" "Q1 2022" "free cash flow" margin OR "revenue" OR "operating activities" monday com 6 K free cash flow Q1 2022 Q2 2022 Q1 2023 Q2 2023 monday com free cash flow Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023 Q2 2023 margin monday com reports Q2 2023 results free cash flow

assessed as of 2026-09-03

This assessment is an AI reading of a public statement, made against the cited references with the confidence shown. It can be wrong. The quote, the tape and the references are all on this page; if something is off, use report an error below. full disclaimer →

Mentioned

free cash flow monday.com

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