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Operating Expense Breakdown
Details spending across R&D, sales & marketing, and general & administrative costs, revealing where the company is investing to grow and how efficiently it operates. Comparing expense mix to revenue trends helps assess the path to profitability and whether investments are likely to generate future returns.Monday.com is clearly reallocating spend toward growth and product: Sales & Marketing is the dominant, fast‑growing line supporting upmarket and ARR expansion, while R&D has stepped up materially to fund the AI platform, DB 3.0 and the One AI acquisition—explaining recent productivity gains but also higher compute costs. G&A shows episodic volatility (one‑offs), not the driver of change. The mix signals a deliberate tradeoff: invest now to drive larger, higher‑value customers and AI monetization, with near‑term margin pressure from AI compute but stronger operating cash generation overall.
Date | Sales and Marketing | Research and Development | General and Administrative |
|---|---|---|---|
Jun 30, 2026 | $162.40M | $99.31M | $40.36M |
Mar 31, 2026 | $165.40M | $92.02M | $35.97M |
Dec 31, 2025 | $170.73M | $84.92M | $38.51M |
Sep 30, 2025 | $165.81M | $79.45M | $38.18M |
Jun 30, 2025 | $152.59M | $87.04M | $39.76M |
Mar 31, 2025 | $141.72M | $69.39M | $32.54M |
Dec 31, 2024 | $133.64M | $62.33M | $31.90M |
Sep 30, 2024 | $140.28M | $56.51M | $55.64M |
Jun 30, 2024 | $131.47M | $50.45M | $28.63M |
Mar 31, 2024 | $128.14M | $44.42M | $25.92M |