Only small amounts of additives are needed to formulate one-component polyurethane (1C PUR) adhesives for various applications. The current study illuminates the effects of the formulation on the mechanical properties of pure adhesives, on the one hand, and their performance in bonded wood joints on the other. Tensile shear tests on bonded wood joints, tensile tests on adhesive films, and nanoindentation measurements in the interphase region of the bond were performed. Analyses by means of infrared, atomic force, and electron microscopy provided the explanatory basis for the results obtained. Additionally to laboratory made 1C PUR, unmodified commercial 1C PUR, melamine-urea-formaldehyde (MUF), and phenol-resorcinol-formaldehyde (PRF) were tested for comparison. The results obtained confirm that the mechanical properties of 1C PUR adhesives are significantly affected by their prepolymer composition. The adhesive formulation by means of additives, on the other hand, does not affect the mechanical properties but is to a large extent responsible for the bonding performance.