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
DateValue
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