Monday.Com (MNDY) Research & Development (2020 - 2026)
Monday.Com (MNDY) reported Research & Development of $92.0 million for Q1 2026, up 32.62% year-over-year from $69.4 million in Q1 2025, and up 8.36% on a QoQ basis from $84.9 million in Q4 2025.
Monday.Com (MNDY) has 7 years of Research & Development data on file, last reported at $92.0 million in Q1 2026.
- Quarterly Research & Development rose 32.62% year-over-year to $92.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $343.4 million (up 43.89% YoY) and the FY2025 annual result came in at $320.8 million, up 50.11% from the prior year.
- Research & Development grew to $92.0 million in Q1 2026 per MNDY's latest filing, from $84.9 million in the prior quarter.
- Across five years, Research & Development topped out at $92.0 million in Q1 2026 and bottomed at $26.5 million in Q1 2022.
- The 5-year median for Research & Development is $44.4 million (2024), against an average of $53.5 million.
- The widest annual swing landed in 2022, when Research & Development jumped 108.73%; it then climbed 13.09% in 2023.
- Tracing MNDY's Research & Development over 5 years: stood at $32.6 million in 2022, then advanced by 28.68% to $41.9 million in 2023, then jumped by 48.77% to $62.3 million in 2024, then soared by 36.24% to $84.9 million in 2025, then advanced by 8.36% to $92.0 million in 2026.
- Per Business Quant, the three latest MNDY Research & Development figures stand at $92.0 million (Q1 2026), $84.9 million (Q4 2025), and $79.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Monday.Com | 45,851.90 | -1.50 Bn | 313.14 Mn | 92.02 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 92.02 Mn |
| Dec 31, 2025 | 84.92 Mn |
| Sep 30, 2025 | 79.45 Mn |
| Jun 30, 2025 | 87.04 Mn |
| Mar 31, 2025 | 69.39 Mn |
| Dec 31, 2024 | 62.33 Mn |
| Sep 30, 2024 | 56.51 Mn |
| Jun 30, 2024 | 50.45 Mn |
| Mar 31, 2024 | 44.42 Mn |
| Dec 31, 2023 | 41.90 Mn |
| Sep 30, 2023 | 38.43 Mn |
| Jun 30, 2023 | 39.11 Mn |
| Mar 31, 2023 | 37.06 Mn |
| Dec 31, 2022 | 32.56 Mn |
| Sep 30, 2022 | 33.98 Mn |
| Jun 30, 2022 | 33.96 Mn |
| Mar 31, 2022 | 26.54 Mn |
| Dec 31, 2021 | 21.96 Mn |
| Sep 30, 2021 | 19.88 Mn |
| Jun 30, 2021 | 16.27 Mn |
| Mar 31, 2021 | 15.58 Mn |
| Dec 31, 2020 | 11.43 Mn |
| Sep 30, 2020 | 12.62 Mn |
| Jun 30, 2020 | 12.78 Mn |