olivLaw · US equity research
MongoDB, Inc. MDB
Services-Prepackaged Software · SIC 7372 · Vertical: Services-Prepackaged Software (SIC 7372)
MongoDB is a developer data platform built around a document-based database, offered as a managed cloud service or as self-managed software. In the second quarter of fiscal 2027 total revenue grew 30% year-over-year to 771.8 million USD, as demand for AI applications gained momentum.
At the close of 03 Nov 2026, MongoDB, Inc. (MDB) stock was 335.37 USD (+1.50% on the day), with market capitalisation 27.0 bn USD, P/E 458.7 on diluted EPS of -0.88 USD over the last 12 months, beta 1.80, 52-week range 225.95–472.29 USD. Latest reported quarter (Q2 2027): revenue of 771.8 m USD (+30.5% YoY), net income of 40.9 m USD, diluted EPS 0.50 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
Loading chart…
Technical reading
- RSI (14)
- 40.8
- weak (30–45)
- Bollinger (20, 2)
- 329.78 – 405.23
- in the lower half of the band · %B 0.07 · band width 20.5%
- SMA 50 / 200
- 379.47 / 337.09
- mixed trend
- MACD (12, 26, 9)
- -6.04 / -2.94
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.3% | −2.0% | −4.3 pp | — |
| 3 months | −11.8% | −2.2% | −9.6 pp | — |
| 6 months | +25.8% | +4.3% | +21.5 pp | — |
| Year to date | −20.1% | +10.6% | −30.7 pp | — |
| 1 year | −9.1% | +10.5% | −19.6 pp | −4.2% |
| 3 years | −2.3% | +73.7% | −75.9 pp | +20.9% |
| 5 years | −37.3% | +61.7% | −99.1 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2027 · 31 Jul 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | Q1 '27 | Q2 '27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 529.4 m | 548.4 m | 549.0 m | 591.4 m | 628.3 m | 695.1 m | 687.6 m | 771.8 m |
| Cost of revenue | 135.3 m | 149.0 m | 158.0 m | 171.4 m | 179.2 m | 187.4 m | 191.4 m | 202.0 m |
| Gross profit | 394.0 m | 399.4 m | 391.0 m | 420.0 m | 449.1 m | 507.7 m | 496.2 m | 569.8 m |
| Research & development | 151.4 m | 150.4 m | 168.8 m | 181.7 m | 176.6 m | 189.1 m | 200.4 m | 213.9 m |
| Operating income | -27.9 m | -18.6 m | -53.6 m | -65.3 m | -18.4 m | 304.0 k | -24.8 m | 28.4 m |
| Depreciation & amortisation | 2.4 m ≈ | 2.2 m | 5.3 m | 5.7 m ≈ | 5.7 m ≈ | 5.7 m | 5.6 m | 5.9 m ≈ |
| Interest expense | 2.3 m | 1.6 m | 1.1 m | 1.5 m | 801.0 k | -212.0 k | 853.0 k | 924.0 k |
| Pre-tax income | -7.1 m | 4.2 m | -33.3 m | -43.1 m | 1.4 m | 19.4 m | 8.8 m | 45.9 m |
| Income tax | 2.7 m | -11.7 m | 4.3 m | 3.9 m | 3.4 m | 3.9 m | 4.4 m | 5.0 m |
| Net income | -9.8 m | 15.8 m | -37.6 m | -47.0 m | -2.0 m | 15.5 m | 4.4 m | 40.9 m |
| Diluted EPS | -0.13 | — | -0.46 | -0.58 | -0.02 | — | 0.05 | 0.50 |
| Operating cash flow | 37.4 m ≈ | 50.5 m | 109.9 m | 72.1 m ≈ | 143.5 m ≈ | 179.6 m | 201.6 m | 141.9 m ≈ |
| Capex | 2.0 m ≈ | 26.0 m | 1.6 m | 537.0 k ≈ | 1.7 m ≈ | 1.1 m | 2.3 m | 2.5 m ≈ |
| Share repurchases | 0 ≈ | 0 | 0 | 194.4 m ≈ | 148.6 m ≈ | 57.3 m | 100.3 m | 100.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 267.0 m | 421.7 m | 590.4 m | 873.8 m | 1.3 bn | 1.7 bn | 2.0 bn | 2.5 bn |
| Revenue YoY | +60.8% | +57.9% | +40.0% | +48.0% | +47.0% | +31.1% | +19.2% | +22.8% |
| Net income | -99.0 m | -175.5 m | -266.9 m | -306.9 m | -345.4 m | -176.6 m | -129.1 m | -71.2 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| Diluted EPS | unavailable | unavailable | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
| net % | -37.1% | -41.6% | -45.2% | -35.1% | -26.9% | -10.5% | -6.4% | -2.9% |
| Free cash flow | -48.8 m | -33.1 m | -54.4 m | -1.1 m | -20.2 m | 115.4 m | 120.6 m | 500.2 m |
Reported results vs expectations
Loading…
Balance sheet & financial health
Fiscal year 2026 · 31 Jan 2026
- Cash
- 1.1 bn USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 3.0 bn USD
- Total assets
- 3.8 bn USD
- Debt / equity
- unavailable
- Current ratio
- 4.65x
- ROE
- -2.5%
- ROA
- -2.0%
- FCF margin
- 20.3%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 590.4 m | 873.8 m | 1.3 bn | 1.7 bn | 2.0 bn | 2.5 bn | SEC (XBRL)· 11 Mar 2026verified |
| Cost of revenue | 177.1 m | 259.5 m | 349.3 m | 424.5 m | 535.3 m | 696.1 m | SEC (XBRL)· 11 Mar 2026verified |
| Gross profit | 413.3 m | 614.3 m | 934.7 m | 1.3 bn | 1.5 bn | 1.8 bn | SEC (XBRL)· 11 Mar 2026verified |
| Research & development | 205.2 m | 308.8 m | 421.7 m | 515.9 m | 596.8 m | 716.3 m | SEC (XBRL)· 11 Mar 2026verified |
| Operating income | -209.3 m | -289.4 m | -346.7 m | -233.7 m | -216.1 m | -137.0 m | SEC (XBRL)· 11 Mar 2026verified |
| Depreciation & amortisation | 14.2 m | 13.7 m | 16.1 m | 18.9 m | 11.8 m | 22.4 m | SEC (XBRL)· 11 Mar 2026verified |
| EBITDA | -195.1 m ≈ | -275.7 m ≈ | -330.5 m ≈ | -214.8 m ≈ | -204.3 m ≈ | -114.6 m ≈ | SEC (XBRL)· 11 Mar 2026derived |
| Interest expense | 56.1 m | 11.3 m | 9.8 m | 9.4 m | 8.1 m | 3.1 m | SEC (XBRL)· 11 Mar 2026verified |
| Pre-tax income | -262.7 m | -302.9 m | -333.3 m | -163.5 m | -131.6 m | -55.7 m | SEC (XBRL)· 11 Mar 2026verified |
| Income tax | 4.3 m | 4.0 m | 12.1 m | 13.1 m | -2.5 m | 15.5 m | SEC (XBRL)· 11 Mar 2026verified |
| Net income | -266.9 m | -306.9 m | -345.4 m | -176.6 m | -129.1 m | -71.2 m | SEC (XBRL)· 11 Mar 2026verified |
| Diluted EPS | -4.53 | -4.75 | -5.03 | -2.48 | -1.73 | -0.88 | SEC (XBRL)· 11 Mar 2026verified |
| Weighted average diluted shares | 59.0 m | 64.6 m | 68.6 m | 71.2 m | 74.6 m | 81.2 m | SEC (XBRL)· 11 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 429.7 m | 473.9 m | 455.8 m | 803.0 m | 490.1 m | 1.1 bn | SEC (XBRL)· 11 Mar 2026verified |
| Receivables | 135.2 m | 195.4 m | 285.2 m | 325.6 m | 393.1 m | 499.0 m | SEC (XBRL)· 11 Mar 2026verified |
| Current assets | 1.1 bn | 2.1 bn | 2.2 bn | 2.5 bn | 2.9 bn | 3.1 bn | SEC (XBRL)· 11 Mar 2026verified |
| Property, plant & equipment, net | 62.4 m | 62.6 m | 57.8 m | 53.0 m | 46.4 m | 39.8 m | SEC (XBRL)· 29 May 2026verified |
| Goodwill | 55.8 m | 57.8 m | 69.7 m | 69.7 m | 69.7 m | 191.4 m | SEC (XBRL)· 11 Mar 2026verified |
| Intangibles (excl. goodwill) | 26.3 m | 20.6 m | 11.4 m | 4.0 m | 24.6 m | 34.5 m | SEC (XBRL)· 11 Mar 2026verified |
| Total assets | 1.4 bn | 2.4 bn | 2.6 bn | 2.9 bn | 3.4 bn | 3.8 bn | SEC (XBRL)· 11 Mar 2026verified |
| Accounts payable | 4.1 m | 5.2 m | 8.3 m | 9.9 m | 10.5 m | 20.3 m | SEC (XBRL)· 11 Mar 2026verified |
| Current liabilities | 354.5 m | 526.7 m | 588.5 m | 564.2 m | 562.0 m | 669.5 m | SEC (XBRL)· 11 Mar 2026verified |
| Total liabilities | 1.4 bn | 1.8 bn | 1.8 bn | 1.8 bn | 648.1 m | 806.5 m | SEC (XBRL)· 11 Mar 2026verified |
| Equity | -5.0 m † | 666.7 m † | 739.5 m † | 1.1 bn † | 2.8 bn † | 3.0 bn † | SEC (XBRL)· 11 Mar 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -42.7 m | 7.0 m | -13.0 m | 121.5 m | 150.2 m | 505.1 m | SEC (XBRL)· 11 Mar 2026verified |
| Capex | 11.8 m | 8.1 m | 7.2 m | 6.1 m | 29.6 m | 5.0 m | SEC (XBRL)· 11 Mar 2026verified |
| Free cash flow | -54.4 m ≈ | -1.1 m ≈ | -20.2 m ≈ | 115.4 m ≈ | 120.6 m ≈ | 500.2 m ≈ | SEC (XBRL)· 11 Mar 2026derived |
| Investing cash flow | -262.7 m | -852.1 m | -33.3 m | 188.0 m | -657.4 m | 538.8 m | SEC (XBRL)· 11 Mar 2026verified |
| Financing cash flow | 27.6 m | 890.9 m | 30.2 m | 38.2 m | 202.1 m | -462.4 m | SEC (XBRL)· 11 Mar 2026verified |
| Share repurchases | 11.0 k | 0 | 0 | 0 | 0 | 400.3 m | SEC (XBRL)· 11 Mar 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
03 Nov 2026Source: olivLaw, closing series
Market cap: 27.0 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 72.7% | 82 (on a fixed band) | 14% |
| EBIT margin · Quality | -0.5% | 20 (vs peers) | 11% |
| FCF margin · Quality | 23.7% | 95 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 24.3% | 97 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 22.8% | 90 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 4.9x | 100 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 2.4% | 49 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 1.5% | 58 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial100/100 · 1/2 factors with a value
- Growth95/100 · 2/2 factors with a value
- Quality67/100 · 3/3 factors with a value
- Returns58/100 · 1/1 factors with a value
- Valuation· partial49/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
MONGODB, INC. (MDB). Latest full fiscal year: 2026; data up to 2026-07-31.
Figures computed from the financial statements: revenue 2.5 bn USD in 2026; YoY growth 22.8%; net margin 2.1%; ROE 2.0%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 72.7%
- FCF margin: 23.7%
- Revenue CAGR 3Y: 24.3%
- Revenue growth (YoY): 22.8%
- Current ratio: 4.9x
What contradicts it
- EBIT margin: -0.5%
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Prepackaged Software (SIC 7372) · same industry (4-digit SIC) · compared with 20 companies
Only companies with a capitalisation between 3.6 bn and 233.4 bn (within 8× of the company's); 201 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CRMSalesforce, Inc. | 182.9 bn | 20.3 | 19.4% | 22.0% | +9.6% | −4% / −12% |
| NOWServicenow, Inc. | 113.3 bn | 78.3 | 11.8% | 9.4% | +20.9% | −33% / −20% |
| SNOWSnowflake Inc. | 104.1 bn | — | -48.2% | -20.1% | +29.2% | +17% / +57% |
| ADBEAdobe Inc. | 95.8 bn | 13.7 | 61.9% | 28.0% | +10.5% | −23% / −60% |
| INTUIntuit Inc. | 92.1 bn | 20.9 | 23.6% | 21.3% | +13.9% | −46% / −40% |
| CDNSCadence Design Systems, Inc. | 88.8 bn | 64.3 | 22.9% | 22.5% | +14.1% | +4% / +18% |
| SNPSSynopsys Inc | 88.7 bn | 81.8 | 3.7% | 11.4% | +15.1% | +11% / −15% |
| ADSKAutodesk, Inc. | 52.7 bn | 32.7 | 53.9% | 21.1% | +17.5% | −17% / +16% |
| VEEVVeeva Systems Inc. | 49.1 bn | 49.6 | 14.4% | 29.3% | +16.3% | +26% / +74% |
| TTWOTake-Two Interactive Software, Inc. | 36.5 bn | — | -9.0% | -4.8% | +18.2% | −21% / +23% |
| TWLOTwilio Inc. | 33.1 bn | 26.9 | 14.9% | 21.8% | +13.7% | +65% / +231% |
| RBLXRoblox Corporation | 32.5 bn | — | -478.2% | -16.5% | +35.8% | −52% / +16% |
| MDBMongodb, Inc. | 27.0 bn | 458.7 | 2.0% | 2.1% | +22.8% | −9% / −2% |
| PTCPTC Inc. | 21.1 bn | 18.9 | 35.1% | 41.4% | +19.2% | +11% / +23% |
| SSNCSs&C Technologies Holdings, Inc. | 19.0 bn | 23.3 | 12.7% | 13.2% | +6.6% | −6% / +44% |
| UUnity Software Inc. | 17.8 bn | — | -18.9% | -29.0% | +2.0% | −5% / +37% |
| NTNXNutanix, Inc. | 17.5 bn | 12.5 | 37,460.2% | 52.8% | +12.4% | +35% / +50% |
| TYLTyler Technologies, Inc. | 16.1 bn | 50.9 | 10.5% | 13.5% | +9.1% | −14% / −1% |
| DOCUDocusign, Inc. | 15.0 bn | 49.0 | 17.8% | 9.8% | +8.2% | +16% / +86% |
| DTDynatrace, Inc. | 13.5 bn | 87.4 | 6.4% | 7.4% | +18.8% | +6% / −12% |
| GWREGuidewire Software, Inc. | 13.2 bn | 98.8 | 10.5% | 9.4% | +22.7% | −25% / +61% |
1- and 3-year price returns: for MDB from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 219.15 Total return -35% · Per year -35% | 385.68 Total return 15% · Per year 15% | 578.51 Total return 73% · Per year 73% |
| 3 years | 259.95 Total return -22% · Per year -8% | 510.06 Total return 52% · Per year 15% | 833.06 Total return 148% · Per year 35% |
| 5 years | 308.34 Total return -8% · Per year -2% | 674.55 Total return 101% · Per year 15% | 1,199.61 Total return 258% · Per year 29% |
- Exit P/E± 127.51
- Net margin± 89.26
- Annual revenue growth± 66.57
- Annual dilution± 7.50
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
MongoDB is a developer data platform built around a document-based database, offered as a managed cloud service or as self-managed software. In the second quarter of fiscal 2027 total revenue grew 30% year-over-year to 771.8 million USD 3, as demand for AI applications gained momentum.
SWOT
Strengths
- Differentiated document architecture and integration of search, vector and stream processing in a single platform.
- Accelerating revenue growth and improving operating margins, supported by cost discipline.
- A broad customer base and a high rate of expansion revenue from existing customers.
Weaknesses
- Heavy dependence on Atlas, which provides most revenue, makes results sensitive to that service.
- A history of net losses in earlier periods and a significant accumulated deficit.
- Multi-year cloud capacity commitments payable regardless of actual usage, which raise fixed costs.
Opportunities
- Demand for AI applications could expand platform usage, especially through vector search features.
- Converting developers from free versions into paying customers could grow the revenue base.
- Migration of applications from legacy databases to the cloud could bring new large contracts.
Threats
- Intense competition from larger, established companies that may reduce prices.
- A slowing economy or lower IT budgets could weaken expansion of existing contracts.
- Changes to open source licensing or difficulty protecting intellectual property could affect monetization.
Risks
- Dependence on Atlashigh
Most revenue comes from Atlas, so performance problems with that service could affect results and the predictability of revenue.
- Economic conditions and IT spendinghigh
An economic slowdown or lower IT budgets could lead to smaller contracts or longer sales cycles.
- Security and sensitive datamedium
A security breach at the company or at third-party providers could damage reputation and lead to litigation and liability.
- Open source licensingmedium
The SSPL applied to Community Server could reduce its adoption and could be challenged legally.
- Cloud capacity commitmentslow
Multi-year capacity contracts with cloud providers could create large fixed costs if demand falls.
Investment thesis
What would need to be true (bull case)
- If revenue growth and the pace seen in the second quarter of fiscal 2027 hold, the company could justify a strong position in AI data demand.
- The raised revenue guidance for fiscal 2027 suggests Atlas demand could prove more durable than previously expected.
- A high rate of expansion revenue from existing customers could support growth even when IT budgets are tighter.
What would break the thesis
- Dependence on Atlas makes results vulnerable to any slowdown in that segment, and competition from large companies could pressure margins.
- If the economy slows, customers could postpone IT spending, which could lengthen sales cycles.
- The loss history and fixed cloud commitments could make profitability more sensitive to a drop in revenue.
What to watch
- Actual results against revenue guidance for the third quarter of fiscal 2027Q3 2027
- Trend in the Atlas share of revenue and the net ARR expansion rateQ3 2027
- Growth of remaining performance obligations and current RPO as an indicator of future revenue visibilityQ3 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company offers a general purpose document database integrated with search, vector, time series and stream processing services. Its main product, Atlas, the managed multi-cloud service, accounted for 73% of total revenue in the quarter ended July 31, 2026 2. Customers can also run the platform self-managed through MongoDB Enterprise Advanced, and subscriptions generate 97% of revenue 2.
The business model combines open source developer adoption with subscription revenue. Developers typically start with the free Community Server or the free Atlas tier, and the company aims to convert them into paying customers. Services, consisting of consulting and training, make up 3% of revenue 2.
In February 2025 the company acquired Voyage AI, a provider of embedding and reranking models, and integrated the technology into Atlas to improve retrieval accuracy for generative AI applications 1. The company positions its platform as a central place for operational data used by AI applications.
Segments
MongoDB Enterprise Advanced
This is the commercial self-managed offering, which can run in the cloud, on-premises or in a hybrid setup. It represented 21% of subscription revenue in the quarter ended July 31, 2026 2. Contracts are typically one year and invoiced upfront, and sales also go through channel partners.
Professional services
Services include consulting and training and aim to speed up adoption, which supports customer retention and expansion. They represent 3% of revenue 2.
Market context
According to IDC, the worldwide database management software market was 108 billion USD in 2025 and could reach about 193 billion USD in 2030, a 12% five-year compound annual growth rate 2. Faster application development driven by AI coding assistants could further increase demand for scalable data platforms.
The market is still dominated by legacy relational databases, and companies moving modern applications to the cloud represent an opportunity for the company. Competition is intense, however, and many competitors are larger and more established 1.
Trends
- Generative AItailwind
Organizations want to combine proprietary data with foundation models, and AI applications require databases that process complex data quickly. If this demand strengthens, the platform with vector search could benefit directly 1.
- AI coding assistantstailwind
Tools that use generative AI to write code accelerate application development, which could increase data volumes and demand for flexible platforms 2.
- Macroeconomic uncertaintyheadwind
Slower growth, inflation and geopolitical tensions could reduce customers' IT spending. The company expects near-term headwinds to growth rates for existing Atlas applications 2.
- Cost discipline and consolidationmixed
Revenue growth together with cost discipline has improved operating profitability, but industry consolidation could reduce overall customer spending 1.
Competitive position
The company competes with established relational database vendors, other non-relational alternatives and cloud providers offering their own data services. The sources note that many competitors are larger and more established and may lower prices to win customers 1.
Its edge lies in the document-based architecture, deployment across any cloud, and the integration of search and vector functions in one platform, which reduces the need for separate systems 1.
- OracleORCL
Established relational database vendor, cited in competitive discussions as the traditional alternative.
- Traditional relational database providers
Dominant systems whose older architecture is the company's main argument.
- Non-relational database providers
Alternatives that have not achieved broad adoption due to technical trade-offs, according to the source.
- Cloud providers with their own database services
Large companies offering cloud data services that can compete directly with Atlas.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- MongoDB Plunges 18% as Meta Taps CEO To Lead New AI Platform | Closing BellBloomberg Markets · 28 Sept 2026 · EN
- Stocks making the biggest moves midday: MongoDB, Boeing, Kodiak Sciences, Roblox, Nvidia & moreCNBC — Top News · 28 Sept 2026 · EN
- MongoDB CEO resigns "effective immediately" to join Meta, stock drops 20%Hacker News · 28 Sept 2026 · EN
- MongoDB’s stock is down more than 20% as CEO decamps to MetaMarketWatch — Top Stories · 28 Sept 2026 · EN
- Meta hires MongoDB CEO CJ Desai, sending shares of data services company downCNBC — Top News · 28 Sept 2026 · EN
- Meta taps MongoDB CEO Desai to lead new enterprise AI platformCNA (Channel NewsAsia) · 28 Sept 2026 · EN
- Meta taps MongoDB CEO Desai to drive enterprise AI pushCNA (Channel NewsAsia) · 28 Sept 2026 · EN
- MongoDB investors have one number to watchYahoo Finance — News · 22 Sept 2026 · EN
- MongoDB Director Hope Cochran Sells 1,000 SharesYahoo Finance — News · 22 Sept 2026 · EN
- MongoDB (MDB) Reports 30% Revenue Growth and 91% RPO Growth. Is Atlas Demand Durable Enough to Sustain Operating Leverage?Yahoo Finance — News · 10 Sept 2026 · EN
- Realizing Gains as MongoDB’s (MDB) Competitive Landscape ShiftsYahoo Finance — News · 09 Sept 2026 · EN
- Jim Cramer Explains Why SanDisk (SNDK) Makes MongoDB (MDB) Look ExpensiveYahoo Finance — News · 05 Sept 2026 · EN
- Why MongoDB Fell This WeekYahoo Finance — News · 03 Sept 2026 · EN
- MongoDB missed one number and investors punished the stockYahoo Finance — News · 03 Sept 2026 · EN
- Rosenblatt Raises MongoDB (MDB) Price Target Despite Atlas Growth ConcernsYahoo Finance — News · 02 Sept 2026 · EN
- MongoDB Stock Tumbles Despite An Earnings Beat. Here's Why.Yahoo Finance — News · 02 Sept 2026 · EN
- MongoDB, Inc. Q2 2027 Earnings Call SummaryYahoo Finance — News · 02 Sept 2026 · EN
- MongoDB Q2 FY2027 earnings beat but stock falls on Atlas growthYahoo Finance — News · 02 Sept 2026 · EN
- Stocks making the biggest moves premarket: Vertiv, Sirius, Dell, MongoDB & moreCNBC — Top News · 02 Sept 2026 · EN
- MongoDB shares tumble despite strong earnings on ‘disappointing’ news for investorsMarketWatch — Top Stories · 02 Sept 2026 · EN
The latest news item in our archive is from 28 Sept 2026; the newest SEC filing is from 15 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report15 Oct 2026Departure or appointment of officers · Financial statements and exhibits
- Current report29 Sept 2026Regulation FD disclosure · Other events · Financial statements and exhibits
- Current report28 Sept 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report01 Sept 2026
- Current report01 Sept 2026Results of operations · Financial statements and exhibits
- Current report06 Jul 2026Amendments to articles or bylaws · Shareholder vote
- Quarterly report29 May 2026
- Current report28 May 2026Results of operations · Financial statements and exhibits
- Proxy statement19 May 2026
- Annual report11 Mar 2026
Sources
- [1] Form 10-K, fiscal year ended 2026-01-31 · SEC / MongoDB, Inc. · 11 Mar 2026
- [2] Form 10-Q, quarter ended 2026-07-31 · SEC / MongoDB, Inc. · 01 Sept 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / MongoDB, Inc. · 01 Sept 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.