monday.com vs UiPath: Revenue, Profit and Business Model
monday.com had $1.2B of annual revenue in FY2025 and $233.6M of net income. UiPath had $1.6B of annual revenue in FY2026 and $282.3M of net income.
Latest financial snapshot
monday.com
- Latest annual revenue
- $1.2B (FY2025)
- Net income
- $233.6M
- Net margin
- 19.0%
- Revenue growth
- +58.4% a year, FY2019–FY2025
UiPath
- Latest annual revenue
- $1.6B (FY2026)
- Net income
- $282.3M
- Net margin
- 17.5%
- Revenue growth
- +29.8% a year, FY2020–FY2026
Financial summary
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.
UiPath
UiPath's revenue grew from $607.6 million in fiscal 2021 to $1.611 billion in fiscal 2026. After years of GAAP losses, it reported net income of $282 million in fiscal 2026. In the second quarter of fiscal 2027 revenue was $410 million, up 13%, and it was the company's fourth straight GAAP-profitable quarter.
Revenue and profit by year
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 |
UiPath
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $1.6B | $282.3M | 17.5% | +12.7% | Source |
| FY2025 | $1.4B | -$73.7M | -5.2% | +9.3% | Source |
| FY2024 | $1.3B | -$89.9M | -6.9% | +23.6% | Source |
| FY2023 | $1.1B | -$328.4M | -31.0% | +18.6% | Source |
| FY2022 | $892.3M | -$525.6M | -58.9% | +46.8% | Source |
| FY2021 | $607.6M | -$92.4M | -15.2% | +80.8% | Source |
| FY2020 | $336.2M | -$519.9M | -154.7% | — | Source |
Where the revenue comes from
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.
UiPath
- Term software licences
Not formally reported
Licences for robots, developer and user seats, orchestration and AI capabilities such as document processing and agents.
- Cloud and maintenance subscriptions
Not formally reported
Recurring subscriptions to the hosted platform and support. Annual recurring revenue was $1.853 billion at the end of fiscal 2026 and $1.938 billion at July 31, 2026.
- Professional services
Not formally reported
A smaller line covering implementation and training. Total revenue was $1.611 billion in fiscal 2026.
Business model and strategy
monday.com
How it makes money
monday.com sells software by subscription, priced per user per month. The core product is a board, a grid of columns and rows that a team can configure as a CRM for sales, an editorial calendar for marketing or a bug tracker for engineering. Because many teams in a company end up running their daily work on it, the revenue is recurring and customers tend to stay.
Growth strategy
Having built its base among small and medium-sized businesses, monday.com is moving into large enterprises and specialized products. It is adding the security and compliance features that corporate IT departments require. It has also launched ready-made products, monday sales CRM and monday dev, to compete directly with established tools such as Salesforce and Jira, rather than selling only blank boards.
Competitive advantage
monday.com's advantage is flexibility without code and an interface people like using. Traditional software makes a company change its workflow to fit the tool; monday.com lets users change the tool to fit the workflow. The interface is colorful and playful, with touches such as confetti when a task is completed, which helps adoption. Wide adoption inside a company raises the cost of switching.
UiPath
How it makes money
UiPath sells its automation platform mainly on a recurring basis. Revenue comes from term software licenses, cloud and maintenance subscriptions, and a smaller professional services line. Customers pay for robots, developer and user seats, orchestration, and AI capabilities such as document processing and agents. The company tracks annual recurring revenue (ARR) as its main operating metric.
Growth strategy
UiPath is positioning its platform as an orchestration layer that coordinates AI agents, deterministic software robots and human approvals inside regulated business processes. It has added industry-specific capabilities through acquisitions, including Peak for AI-driven pricing and inventory decisions in 2025 and WorkFusion for financial crime compliance agents in 2026.
Competitive advantage
A large base of enterprise automation customers and a single platform that combines robots, agents, process discovery and governance.
Questions about monday.com vs UiPath
Which company has higher revenue — monday.com or UiPath?
monday.com had $1.2B (FY2025), while UiPath had $1.6B (FY2026). By latest annual revenue, UiPath is the larger business, with monday.com showing 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 monday.com vs UiPath?
monday.com's market capitalisation stands at $3.6B, while UiPath's is $7.2B. UiPath carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to monday.com.
How does revenue per employee compare for monday.com and UiPath?
monday.com has $390k / employee in revenue per employee, while UiPath has $416k / employee. Headcounts may use different dates, so the ratio alone does not establish which business operates more efficiently.
How do monday.com and UiPath make money?
monday.com and UiPath generate revenue in fundamentally different ways. monday.com: monday.com sells software by subscription, priced per user per month. UiPath: UiPath sells its automation platform mainly on a recurring basis.
Which company is valued higher relative to revenue — monday.com or UiPath?
On a price-to-sales (P/S) basis, monday.com trades at 2.9x P/S and UiPath at 4.5x P/S. UiPath commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to monday.com. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is monday.com bigger than UiPath?
By last reported revenue, UiPath ($1.6B (FY2026)) is the larger company compared to monday.com ($1.2B (FY2025)). 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 monday.com vs UiPath overview