Airtable vs monday.com: Revenue, Profit and Business Model
Airtable reported $480M of revenue in FY2026 and — of net income. monday.com reported $1.2B of revenue in FY2025 and $233.6M of net income.
Latest financial snapshot
Airtable
- Latest revenue
- $480M (FY2026)
- Net income
- —
- Net margin
- 0.0%
- Revenue growth
- —
monday.com
- Latest revenue
- $1.2B (FY2025)
- Net income
- $233.6M
- Net margin
- 19.0%
- Revenue growth
- +58.4% a year, FY2019–FY2025
Financial summary
Airtable
Airtable did not publish conventional annual revenue or net income while private. Bending Spoons said in August 2026 that Airtable's annual recurring revenue was growing more than 20% year over year and was approximately $480 million as of June 2026. Airtable's December 2021 Series F raised $735 million, brought total investment to $1.36 billion, and valued the company at $11 billion pre-money. The 2021 funding valuation is historical, not a current valuation.
monday.com
monday.com's revenue grew from $78.1 million in 2019 to $972.0 million in 2024 and $1.232 billion in 2025 (+27%). The company moved from a $136.9 million net loss in 2022 to GAAP profit in 2024 ($32.4 million) and reported 2025 net income of $233.6 million, which included a $61.2 million non-cash tax benefit. Adjusted free cash flow reached $322.7 million in 2025 (26% margin), and the company ended the year with about $1.5 billion in cash. Growth slowed to 22% in Q2 2026 ($364.6 million revenue), while non-GAAP operating margin improved to 17%. Heavy performance-marketing spend has historically been the largest cost line, and softer self-serve demand drove a steep share-price decline in 2026.
Revenue and profit by year
Airtable
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $480M | — | 0.0% | — | Source |
monday.com
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2025 | $1.2B | $233.6M | 19.0% | +26.7% | Source |
| FY2024 | $972M | $32.4M | 3.3% | +33.2% | Source |
| FY2023 | $729.7M | -$1.9M | -0.3% | +40.6% | Source |
| FY2022 | $519M | -$136.9M | -26.4% | +68.4% | Source |
| FY2021 | $308.1M | -$129.3M | -42.0% | +91.3% | Source |
| FY2020 | $161.1M | -$152.2M | -94.5% | +106.3% | Source |
| FY2019 | $78.1M | -$91.6M | -117.3% | — | Source |
Where the revenue comes from
Airtable
- Software subscriptions
Paid plans provide higher limits and additional collaboration, administration, automation, app-building, support, and AI features. Airtable does not publish revenue by plan or product.
monday.com
- monday Work Management Subscriptions
Not disclosed
Per-seat recurring subscriptions for cross-functional project tracking and workflow automation.
- monday CRM Subscriptions
Not disclosed
Dedicated sales pipeline management, lead scoring, and automated customer tracking tiers.
- monday dev Subscriptions
Not disclosed
Specialized agile software development roadmapping, sprint planning, and GitHub sync tiers.
- monday Service & WorkCanvas
Not disclosed
ITSM service desk subscriptions and collaborative infinite-canvas digital whiteboards.
Business model and strategy
Airtable
How it makes money
Airtable sells cloud software subscriptions. Its plans provide different collaboration, administration, automation, app-building, and AI capabilities, while a free plan supports initial use. Airtable said in December 2022 that enterprise customers represented the majority of revenue. Detailed segment revenue and profit figures are not publicly disclosed.
Growth strategy
Airtable shifted resources toward large enterprise customers in December 2022. It subsequently expanded its app-building and AI offerings, launching Cobuilder in 2024 and an AI-native product direction in 2025. Following the 2026 acquisition, Bending Spoons said it would invest in Airtable's product, support, and go-to-market operations.
Competitive advantage
Airtable combines familiar table and spreadsheet interactions with linked records, multiple views, automation, interfaces, and application-building tools. This lets business teams create workflows without starting with conventional software development. Its differentiation depends on product flexibility, governance, integrations, and the ability to support both self-service teams and enterprise deployments.
monday.com
How it makes money
monday.com operates a highly fluid, greatly customizable B2B SaaS (Software as a Service) subscription model. The core product is a 'Board' (a grid of columns and rows). However, the absolute skill of the model is that the board can become anything. A user can instantly configure it to be a CRM for sales, an editorial calendar for marketing, or a bug tracker for engineering.
Growth strategy
Having dominated the 'SMB' (Small and Medium Business) market with aggressive marketing, monday.com's large growth strategy is the highly difficult pivot to 'The Enterprise' (Fortune 500) and highly specialized product suites. They are aggressively building large security and compliance features to satisfy terrified corporate IT managers. they are moving away from just selling 'blank boards';
Competitive advantage
monday.com's absolute competitive advantage is its large superiority in 'No-Code Flexibility' and its highly aggressive User Experience (UX). A traditional software tool forces a company to change its workflow to match the software. monday.com allows the user to instantly change the software to match their weird, specific workflow.
Questions about Airtable vs monday.com
Which company has higher revenue — Airtable or monday.com?
Airtable reported $480.0M (FY2026), while monday.com reported $1.2B (FY2025). By last reported revenue, monday.com is the larger business, with Airtable reporting a smaller revenue base. Note: these are from different fiscal years and are not a direct like-for-like comparison.
What is the market cap of Airtable vs monday.com?
monday.com has a market capitalisation of $3.6B. A public market cap figure for Airtable was not available (it may be privately held).
Which is more financially efficient — Airtable or monday.com?
Airtable generates $686k / employee in revenue per employee, while monday.com generates $390k / employee. Airtable shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do Airtable and monday.com make money?
Airtable and monday.com generate revenue in fundamentally different ways. Airtable: Airtable sells cloud software subscriptions. monday.com: monday.
Is Airtable bigger than monday.com?
By last reported revenue, monday.com ($1.2B (FY2025)) is the larger company compared to Airtable ($480.0M (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the Airtable vs monday.com overview