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TI reports Q4 2024 and 2024 financial results and shareholder returns

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DALLAS, Jan. 23, 2025 /PRNewswire/ — Texas Instruments Incorporated (TI) (Nasdaq: TXN) today reported fourth quarter revenue of $4.01 billion, net income of $1.21 billion and earnings per share of $1.30. Earnings per share included a 2-cent benefit that was not in the company’s original guidance.

Regarding the company’s performance and returns to shareholders, Haviv Ilan, TI’s president and CEO, made the following comments:

“Revenue decreased 3% sequentially and 2% from the same quarter a year ago.”Our cash flow from operations of $6.3 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $1.5 billion.”Over the past 12 months we invested $3.8 billion in R&D and SG&A, invested $4.8 billion in capital expenditures and returned $5.7 billion to owners.”TI’s first quarter outlook is for revenue in the range of $3.74 billion to $4.06 billion and earnings per share between $0.94 and $1.16. We now expect our 2025 effective tax rate to be about 12%.”

Free cash flow, a non-GAAP financial measure, is cash flow from operations less capital expenditures.

Earnings summary

(In millions, except per-share amounts)

Q4 2024

Q4 2023

Change 

Revenue

$

4,007

$

4,077

(2) %

Operating profit

$

1,377

$

1,533

(10) %

Net income

$

1,205

$

1,371

(12) %

Earnings per share

$

1.30

$

1.49

(13) %

 

Cash generation

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Cash flow from operations

$

1,998

$

6,318

$

6,420

(2) %

Capital expenditures

$

1,192

$

4,820

$

5,071

(5) %

Free cash flow

$

806

$

1,498

$

1,349

11 %

Free cash flow % of revenue

9.6 %

7.7 %

 

Cash return

Trailing 12 Months

(In millions)

Q4 2024

Q4 2024

Q4 2023

Change 

Dividends paid

$

1,240

$

4,795

$

4,557

5 %

Stock repurchases

$

537

$

929

$

293

217 %

Total cash returned

$

1,777

$

5,724

$

4,850

18 %

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Income

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions, except per-share amounts)

2024

2023

2024

2023

Revenue

$

4,007

$

4,077

$

15,641

$

17,519

Cost of revenue (COR)

1,693

1,646

6,547

6,500

Gross profit

2,314

2,431

9,094

11,019

Research and development (R&D)

491

460

1,959

1,863

Selling, general and administrative (SG&A)

446

438

1,794

1,825

Restructuring charges/other

(124)

Operating profit

1,377

1,533

5,465

7,331

Other income (expense), net (OI&E)

112

113

496

440

Interest and debt expense

130

98

508

353

Income before income taxes

1,359

1,548

5,453

7,418

Provision for income taxes

154

177

654

908

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Diluted earnings per common share

$

1.30

$

1.49

$

5.20

$

7.07

Average shares outstanding:

   Basic

912

908

912

908

   Diluted

919

915

919

916

Cash dividends declared per common share

$

1.36

$

1.30

$

5.26

$

5.02

Supplemental Information

Provision for income taxes is based on the following:

Operating taxes (calculated using the estimated annual effective tax rate)

$

170

$

180

$

743

$

974

Discrete tax items

(16)

(3)

(89)

(66)

Provision for income taxes (effective taxes)

$

154

$

177

$

654

$

908

A portion of net income is allocated to unvested restricted stock units (RSUs) on which we pay dividend equivalents. Diluted EPS

is calculated using the following:

Net income

$

1,205

$

1,371

$

4,799

$

6,510

Income allocated to RSUs

(7)

(7)

(24)

(33)

Income allocated to common stock for diluted EPS

$

1,198

$

1,364

$

4,775

$

6,477

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Balance Sheets

December 31,

(In millions, except par value)

2024

2023

Assets

Current assets:

   Cash and cash equivalents

$

3,200

$

2,964

   Short-term investments

4,380

5,611

   Accounts receivable, net of allowances of ($21) and ($16)

1,719

1,787

   Raw materials

395

420

   Work in process

2,214

2,109

   Finished goods

1,918

1,470

   Inventories

4,527

3,999

   Prepaid expenses and other current assets

1,200

761

   Total current assets

15,026

15,122

Property, plant and equipment at cost

15,254

13,268

   Accumulated depreciation

(3,907)

(3,269)

   Property, plant and equipment

11,347

9,999

Goodwill

4,362

4,362

Deferred tax assets

936

757

Capitalized software licenses

257

223

Overfunded retirement plans

233

173

Other long-term assets

3,348

1,712

Total assets

$

35,509

$

32,348

Liabilities and stockholders’ equity

Current liabilities:

   Current portion of long-term debt

$

750

$

599

   Accounts payable

820

802

   Accrued compensation

839

836

   Income taxes payable

159

172

   Accrued expenses and other liabilities

1,075

911

   Total current liabilities

3,643

3,320

Long-term debt

12,846

10,624

Underfunded retirement plans

110

108

Deferred tax liabilities

53

63

Other long-term liabilities

1,954

1,336

Total liabilities

18,606

15,451

Stockholders’ equity:

   Preferred stock, $25 par value. Shares authorized – 10; none issued

   Common stock, $1 par value. Shares authorized – 2,400; shares issued – 1,741

1,741

1,741

   Paid-in capital

3,935

3,362

   Retained earnings

52,262

52,283

   Treasury common stock at cost

   Shares: 2024 – 830; 2023 – 832

(40,895)

(40,284)

   Accumulated other comprehensive income (loss), net of taxes (AOCI)

(140)

(205)

Total stockholders’ equity

16,903

16,897

Total liabilities and stockholders’ equity

$

35,509

$

32,348

 

TEXAS INSTRUMENTS INCORPORATED AND SUBSIDIARIES

Consolidated Statements of Cash Flows

For Three Months Ended

December 31,

For Years Ended

December 31,

(In millions)

2024

2023

2024

2023

Cash flows from operating activities

   Net income

$

1,205

$

1,371

$

4,799

$

6,510

   Adjustments to net income:

   Depreciation

416

322

1,508

1,175

   Amortization of capitalized software

19

15

72

63

   Stock compensation

78

68

387

362

   (Gains) losses on sales of assets

(1)

1

(127)

   Deferred taxes

(21)

(140)

(210)

(299)

   Increase (decrease) from changes in:

   Accounts receivable

143

189

68

108

   Inventories

(231)

(91)

(528)

(1,242)

   Prepaid expenses and other current assets

76

8

7

46

   Accounts payable and accrued expenses

87

(10)

125

(33)

   Accrued compensation

115

126

(12)

29

   Income taxes payable

110

58

597

(7)

   Changes in funded status of retirement plans

31

(4)

33

45

   Other

(29)

11

(401)

(337)

Cash flows from operating activities

1,998

1,924

6,318

6,420

Cash flows from investing activities

   Capital expenditures

(1,192)

(1,148)

(4,820)

(5,071)

   Proceeds from asset sales

1

195

3

   Purchases of short-term investments

(909)

(2,565)

(9,716)

(12,705)

   Proceeds from short-term investments

2,726

3,411

11,187

13,387

   Other

(12)

(9)

(48)

24

Cash flows from investing activities

614

(311)

(3,202)

(4,362)

Cash flows from financing activities

   Proceeds from issuance of long-term debt

2,980

3,000

   Repayment of debt

(300)

(600)

(500)

   Dividends paid

(1,240)

(1,181)

(4,795)

(4,557)

   Stock repurchases

(537)

(65)

(929)

(293)

   Proceeds from common stock transactions

87

45

517

263

   Other

(11)

(14)

(53)

(57)

Cash flows from financing activities

(2,001)

(1,215)

(2,880)

(2,144)

Net change in cash and cash equivalents

611

398

236

(86)

Cash and cash equivalents at beginning of period

2,589

2,566

2,964

3,050

Cash and cash equivalents at end of period

$

3,200

$

2,964

$

3,200

$

2,964

Supplemental cash flow information

   Investment tax credit (ITC) used to reduce income taxes payable

$

56

$

$

588

$

Total cash benefit related to the U.S. CHIPS and Science Act

$

56

$

$

588

$

 

Quarterly segment results 

(In millions)

Q4 2024

Q4 2023

Change 

Analog:

   Revenue

$

3,174

$

3,120

2 %

   Operating profit

$

1,237

$

1,280

(3) %

Embedded Processing:

   Revenue

$

613

$

752

(18) %

   Operating profit

$

58

$

195

(70) %

Other:

   Revenue

$

220

$

205

7 %

   Operating profit*

$

82

$

58

41 %

    * Includes restructuring charges/other.

 

Annual segment results

(In millions)

2024

2023

Change 

Analog:

   Revenue

$

12,161

$

13,040

(7) %

   Operating profit

$

4,608

$

5,821

(21) %

Embedded Processing:

   Revenue

$

2,533

$

3,368

(25) %

   Operating profit

$

352

$

1,008

(65) %

Other:

   Revenue

$

947

$

1,111

(15) %

   Operating profit*

$

505

$

502

1 %

    * Includes restructuring charges/other.

 

Non-GAAP financial information

This release includes references to free cash flow and ratios based on that measure. These are financial measures that were not prepared in accordance with GAAP. Free cash flow was calculated by subtracting capital expenditures from the most directly comparable GAAP measure, cash flows from operating activities (also referred to as cash flow from operations).

We believe that free cash flow and the associated ratios provide insight into our liquidity, our cash-generating capability and the amount of cash potentially available to return to shareholders, as well as insight into our financial performance. These non-GAAP measures are supplemental to the comparable GAAP measures.

Reconciliation to the most directly comparable GAAP measures is provided in the table below.

For Years Ended

December 31,

(In millions)

2024

2023

Change 

Cash flow from operations (GAAP)*

$

6,318

$

6,420

(2) %

Capital expenditures

(4,820)

(5,071)

Free cash flow (non-GAAP)

$

1,498

$

1,349

11 %

Revenue

$

15,641

$

17,519

Cash flow from operations as a percentage of revenue (GAAP)

40.4 %

36.6 %

Free cash flow as a percentage of revenue (non-GAAP)

9.6 %

7.7 %

* Includes a cash benefit of $588 million from the U.S. CHIPS and Science Act ITC used to reduce income taxes

payable for 2024.

This release also includes references to operating taxes, a non-GAAP term we use to describe taxes calculated using the estimated annual effective tax rate, a GAAP measure that by definition does not include discrete tax items. We believe the term operating taxes helps to differentiate from effective taxes, which include discrete tax items.

Notice regarding forward-looking statements

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or our management:

Economic, social and political conditions, and natural events in the countries in which we, our customers or our suppliers operate, including global trade policies;Market demand for semiconductors, particularly in the industrial and automotive markets, and customer demand that differs from forecasts;Our ability to compete in products and prices in an intensely competitive industry;Evolving cybersecurity and other threats relating to our information technology systems or those of our customers, suppliers and other third parties;Our ability to successfully implement and realize opportunities from strategic, business and organizational changes, or our ability to realize our expectations regarding the amount and timing of associated restructuring charges and cost savings;Our ability to develop, manufacture and market innovative products in a rapidly changing technological environment, our timely implementation of new manufacturing technologies and installation of manufacturing equipment, and our ability to realize expected returns on significant investments in manufacturing capacity;Availability and cost of key materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;Our ability to recruit and retain skilled personnel and effectively manage key employee succession;Product liability, warranty or other claims relating to our products, software, manufacturing, delivery, services, design or communications, or recalls by our customers for a product containing one of our parts;Compliance with or changes in the complex laws, rules and regulations to which we are or may become subject, or actions of enforcement authorities, that restrict our ability to operate our business or subject us to fines, penalties or other legal liability;Changes in tax law and accounting standards that impact the tax rate applicable to us, the jurisdictions in which profits are determined to be earned and taxed, adverse resolution of tax audits, increases in tariff rates, and the ability to realize deferred tax assets;Financial difficulties of our distributors or semiconductor distributors’ promotion of competing product lines to our detriment; or disputes with current or former distributors;Losses or curtailments of purchases from key customers or the timing and amount of customer inventory adjustments;Our ability to maintain or improve profit margins, including our ability to utilize our manufacturing facilities at sufficient levels to cover our fixed operating costs, in an intensely competitive and cyclical industry and changing regulatory environment;Our ability to maintain and enforce a strong intellectual property portfolio and maintain freedom of operation in all jurisdictions where we conduct business; or our exposure to infringement claims;Instability in the global credit and financial markets; andImpairments of our non-financial assets.

For a more detailed discussion of these factors, see the Risk factors discussion in Item 1A of TI’s most recent Form 10-K. The forward-looking statements included in this release are made only as of the date of this release, and we undertake no obligation to update the forward-looking statements to reflect subsequent events or circumstances. If we do update any forward-looking statement, you should not infer that we will make additional updates with respect to that statement or any other forward-looking statement.

About Texas Instruments

Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. At our core, we have a passion to create a better world by making electronics more affordable through semiconductors. This passion is alive today as each generation of innovation builds upon the last to make our technology more reliable, more affordable and lower power, making it possible for semiconductors to go into electronics everywhere. Learn more at TI.com.

TXN-G

 

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SOURCE Texas Instruments Incorporated

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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SOURCE Monk

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