Monday.Com (MNDY) Research & Development (2020 - 2026)
Monday.Com (MNDY) posted quarterly 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% quarter-over-quarter from $84.9 million in Q4 2025.
Monday.Com (MNDY) Research & Development (2020 - 2026) Analysis & Trends
Monday.Com (MNDY) has reported Research & Development for 7 consecutive years, with $92.0 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 32.62% year-over-year to $92.0 million; the TTM figure through Mar 2026 stood at $343.4 million (up 43.89% YoY), while the FY2025 annual figure was $630.9 million, up 18.24% from the prior year.
- Research & Development climbed 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.
- Historically, Research & Development has averaged $53.5 million across 5 years, with a median of $44.4 million in 2024.
- Annual changes were most pronounced in 2022 — Research & Development soared 108.73% — and 2023, when it increased 13.09%.
- Monday.Com's Research & Development stood at $32.6 million in 2022, then increased 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 increased by 8.36% to $92.0 million in 2026.
- Business Quant data shows MNDY's Research & Development at $92.0 million in Q1 2026, $84.9 million in Q4 2025, and $79.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Monday.Com | 3.70 Bn | 2.63 Bn | 321.96 Mn | 235.78 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 235.78 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 |