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-on-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) 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.
- 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 $630.9 million, up 18.24% 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.
- Over the last five years, Research & Development for MNDY reached as high as $92.0 million in Q1 2026 and fell as low as $26.5 million in Q1 2022.
- A 5-year average of $53.5 million and a median of $44.4 million in 2024 frame the typical range for Research & Development.
- Annual changes were most pronounced in 2022 — Research & Development surged 108.73% — and 2023, when it gained 13.09%.
- Year by year, Research & Development 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.
- According to Business Quant data, Research & Development over the past three periods registered $92.0 million, $84.9 million, and $79.5 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Monday.Com | 3.44 Bn | 2.45 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 |