monday.com Ltd.

Good day. My name is Bella, and I'll be your conference operator today. At this time, I would like to welcome everyone to Monday.com's second quarter fiscal year 2025 earnings conference call. I would like to turn the call over to Monday.com's Vice President of Investor Relations, Mr. Byron Stephen. Please go ahead.

Hello, everyone, and thank you for joining us on today's conference call to discuss the financial results for Monday.com's second quarter fiscal year 2025. Joining me today are Roy Mann and Aaron Zimmern, co-CEOs of Monday.com and Elrond Glazer, Monday.com CFO. We released our results for the second quarter fiscal year 2025 earlier today. You can find our quarterly shareholder letter along with our investor presentation and a replay of today's webcast under the news and events section of our IR website at ir.monday.com. Certain statements made on the call today will be forward-looking statements. which reflect management's best judgment based on currently available information. These statements involve risk and uncertainties that may cause actual results to differ from our expectations. Please refer to our earnings release for more information on the specific factors that could cause actual results to differ materially from our forward-looking statements. Additionally, non-GAAP financial measures will be discussed on the call. Reconciliations to the most directly comparable GAAP financial measures are available in the earnings release and the earnings presentation for today's call, which are posted on our investor relations website. Now, let me turn the call over to Roy.

Thank you, Byron, and thank you everyone for joining us today. We are pleased to report another outstanding quarter for monday.com. Underscored by robust revenue growth of 27%, this performance reflects surging demand for our platform and the powerful value we deliver to customers across industries. Our relentless focus on efficiency is bearing fruit, with Q2 non-gap operating margin of 15%, a testament to the strength of our business model and disciplined execution. We continue to make significant strides in our AI offering, expanding capabilities and accelerating innovation to empower teams and drive impactful results at scale. In Q2, customer adoption of our AI capabilities accelerated across the monday.com platform, with users performing 46 million AI-driven actions since launch, a strong indicator of increasing engagement and the growing value that our AI tools deliver. This quarter, we introduced Monday Magic, Monday Vibe, and Monday Sidekick. three AI-powered capabilities that mark a major step forward in our evolution from work management to work execution. These innovations enable users to instantly generate workflows, build secure custom applications without code, and receive proactive, context-aware support all within the Monday.com platform. By embedding AI into the heart of our product, we're unlocking new levels of speed, flexibility, and productivity for teams across every industry. Let me now turn it over to Eran to walk you through some of our business highlights for the quarter.