Monday.Com (MNDY) Research & Development (2020 - 2026)
Monday.Com's Research & Development was $99.31 million in the quarter ended Jun 30, 2026, up 14.1% from $87.04 million a year earlier and up 7.9% from the prior quarter.
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Analysis
Monday.Com (MNDY) Research & Development (2020 - 2026) Analysis & Trends
On a trailing twelve-month basis, Monday.Com's Research & Development was $355.7 million through Jun 30, 2026, up 29.2% year-over-year; for the year ended Dec 31, 2025, it came in at $320.8 million, up 50.1% from the prior year.
- Research & Development has now increased for six consecutive years, with a five-year compound annual growth rate of 49.1% (years ended Dec 2020 to Dec 2025).
- In earlier years, Research & Development was $213.71 million in the year ended Dec 31, 2024 (+36.6%), $156.5 million in the year ended Dec 31, 2023 (+23.2%), $127.05 million in the year ended Dec 31, 2022 (+72.4%) and $73.69 million in the year ended Dec 31, 2021 (+69.5%).
- The figure for the quarter ended Jun 30, 2026 marks the highest quarterly Research & Development in data going back to the quarter ended Jun 30, 2020.
- Compared with a year earlier, Research & Development has increased for 21 straight quarters, with growth averaging 43.5% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 13.1% in the quarter ended Sep 30, 2023 to 108.7% in the quarter ended Jun 30, 2022.
- Per Business Quant data, MNDY's Research & Development in the three quarters before the quarter ended Jun 30, 2026 was $92.02 million (quarter ended Mar 31, 2026), $84.92 million (quarter ended Dec 31, 2025) and $79.45 million (quarter ended Sep 30, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 1.29 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 759.82 Mn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 273.32 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 464.00 Mn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 242.50 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 167.33 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 188.10 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 200.30 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 82.80 Mn |
| 10 | Monday.Com | 4.04 Bn | -1.22 Bn | 321.96 Mn | 99.31 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 99.31 Mn |
| 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 |
API Access
Monday.Com Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=MNDY&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "MNDY", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=MNDY&period=max&api_key=YOUR_API_KEY");
const data = await res.json();