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% quarter-over-quarter from $84.9 million in Q4 2025.
Monday.Com (MNDY) Research & Development (2020 - 2026) Analysis & Trends
Monday.Com (MNDY) has 7 years of Research & Development data on file, last reported at $92.0 million in Q1 2026.
- Research & Development for Q1 2026 came in at $92.0 million, up 32.62% year-over-year; the trailing twelve-month figure through Mar 2026 was $343.4 million (up 43.89% YoY), and the FY2025 annual result was $320.8 million, up 50.11% from the prior year.
- Research & Development rose to $92.0 million in Q1 2026 per MNDY's latest filing, from $84.9 million in the prior quarter.
- Over five years, Research & Development peaked at $92.0 million in Q1 2026 and troughed at $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.
- The sharpest annual moves came in 2022 and 2023: Research & Development soared 108.73% in 2022, then increased 13.09% in 2023.
- A 5-year view of Research & Development shows it stood at $32.6 million in 2022, then grew by 28.68% to $41.9 million in 2023, then soared by 48.77% to $62.3 million in 2024, then surged by 36.24% to $84.9 million in 2025, then grew 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 | 238.14 Bn | 220.17 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -37.02 Mn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 437.00 Mn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 1.63 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 508.44 Mn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 823.00 Mn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 1.20 Bn |
| 10 | Monday.Com | 43,911.80 | -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 |