09:06 AM EDT, 08/11/2025 (MT Newswires) -- Monday.com ( MNDY ) issued a third-quarter revenue outlook below market expectations at the midpoint, even though the project management software provider's results for the prior three-month period exceeded Wall Street's estimates.

The company anticipates revenue to be in a range of $311 million to $313 million for the ongoing three-month period, representing annual growth of 24% to 25%. The guidance range's midpoint of $312 million is below the current consensus on FactSet of $312.9 million.

Adjusted operating income is pegged to come in between $34 million and $36 million for the third quarter. The firm's US-listed stock dropped 16% in Monday's most recent premarket activity.

For the June quarter, the company's adjusted earnings advanced to $1.09 a share from $0.94 the year before, surpassing the Street's view for $0.86. Revenue climbed 27% to $299 million, ahead of the average analyst estimate of $293.6 million.

"(The second quarter) marked another strong quarter for monday.com ( MNDY ), with continued revenue growth and rapidly growing demand for our broad product suite, particularly from enterprise customers," co-Chief Executives Roy Mann and Eran Zinman said in a statement. "We continue to see evidence that our commitment to (artificial intelligence) innovation is delivering real value for customers."

The number of paid customers with more than $100,000 in annual recurring revenue, or ARR, soared 46% year over year to 1,472, while customers with over $50,000 in ARR jumped 36%. The overall net dollar retention rate was 111%, according to the company.

"This quarter demonstrated our relentless focus on driving highly efficient growth at scale," Chief Financial Officer Eliran Glazer said. "As we navigate the shifting landscape, we remain focused on the factors we can control."

For full-year 2025, Monday.com ( MNDY ) now expects revenue of $1.224 billion to $1.229 billion, representing yearly growth of about 26%. It previously projected its topline to be at $1.220 billion to $1.226 billion, or year-over-year growth of roughly 25% to 26%. The Street is looking for $1.22 billion.

The company forecasts its adjusted operating income to be in a range of $154 million to $158 million for the current year, up from the prior guidance of $144 million to $150 million.