MongoDB Inc (MDB)
NASDAQ:MDB
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MongoDB
(NASDAQ:MDB)
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Rating:70Outperform
Price Target:
$278.00
▲(11.06% Upside)
Action:UpgradedDate:03/04/26
The score is driven primarily by strong financial quality (low leverage and strong, improving free cash flow) and a solid earnings-call outlook with continued growth and margin expansion. These positives are tempered by weak technicals (price below key moving averages with negative momentum) and limited valuation support due to negative earnings and no stated dividend yield.
Positive Factors
Balance sheet strength
Substantially reduced leverage and a sizable equity base provide durable financial flexibility to fund R&D, absorb shocks, pursue strategic M&A or rollback capital to shareholders. The structural improvement vs. 2022–2024 lowers refinancing risk and supports multiyear investments.
Negative Factors
Guidance-driven growth deceleration
Management's lower FY27 growth target signals a structural slowdown versus recent pace, reflecting tougher comps and moderated top-line momentum. A sustained lower growth trajectory would constrain long-term revenue expansion assumptions and require sustained margin gains to offset.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet strength
Substantially reduced leverage and a sizable equity base provide durable financial flexibility to fund R&D, absorb shocks, pursue strategic M&A or rollback capital to shareholders. The structural improvement vs. 2022–2024 lowers refinancing risk and supports multiyear investments.
Read all positive factors
MongoDB (MDB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.12B
Dividend YieldN/A
Average Volume (3M)2.13M
Price to Earnings (P/E)―
Beta (1Y)1.84
Revenue Growth20.93%
EPS Growth68.47%
CountryUS
Employees5,558
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)1.65
Shares Outstanding80,369,530
10 Day Avg. Volume1,190,192
30 Day Avg. Volume2,127,393
Financial Highlights & Ratios
PEG Ratio8.63
Price to Book (P/B)10.22
Price to Sales (P/S)12.25
P/FCF Ratio60.32
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue7.06
Enterprise Value/Gross Profit9.84
Enterprise Value/Ebitda-951.18
Forecast
1Y Price Target
$360.88Price Target Upside44.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering26
EPS Forecast (FY)5.9
Revenue Forecast (FY)$2.90B
MongoDB Business Overview & Revenue Model
Company Description
MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a...
How the Company Makes Money
MongoDB generates revenue primarily through a subscription-based model that includes various tiers of service for its software products, including on-premises licenses and cloud-based offerings via MongoDB Atlas. Key revenue streams include subscr...
MongoDB Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyMongoDB Earnings Call Summary
Earnings Call Date:Mar 02, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:May 28, 2026
Earnings Call Sentiment Positive
The earnings call conveyed broad operational and financial strength: revenue and Atlas momentum, record ARR expansion, improved margins, strong cash generation and major enterprise wins. Management reiterated mid-term targets and provided conservative, realistic guidance reflecting visibility limits in a consumption-based business and some lumpiness from bundled EA deals. Leadership transitions and the fact that AI revenue is not yet material are noted risks, but the positive execution, large deal activity and balance sheet strength dominate the narrative.Positive Updates
Strong Revenue Growth and Guidance Beat
Total revenue of $695 million, up 27% year-over-year, beating the high end of guidance by ~4%.
Negative Updates
AI Revenue Not Yet Material
Management reiterated that AI-related revenue is encouraging but remains early and not yet a material driver of results; many AI-native customers are still early in their MongoDB journeys.
Read all updates
Q4-2026 Updates
Positive
Negative
Strong Revenue Growth and Guidance Beat
Total revenue of $695 million, up 27% year-over-year, beating the high end of guidance by ~4%.
Read all positive updates
Company Guidance
MongoDB guided Q1 FY27 revenue of $659–$664M (20–21% y/y), non‑GAAP operating income of $105–$109M (~16.5% operating margin at the high end) and non‑GAAP EPS of $1.15–$1.19 on ~86.2M diluted shares (assumes 20% non‑GAAP tax). For full‑year FY27 it guided revenue of $2.86–$2.90B (16–18% growth), non‑GAAP operating income of $545–$565M (~19.5% margin at the high end) and non‑GAAP EPS of $5.75–$5.93 on ~86.7M diluted shares (20% tax). Management expects Atlas growth of ~26% in Q1 and 21–23% for FY27 (targeting >20% long‑term), non‑Atlas growth of mid‑to‑upper single digits in Q1 and low‑to‑mid single digits for FY27, plans to expand operating margin by ~100 bps in FY27, expects operating cash conversion of ~80–100% for the year, and will commit 100% of FY27 free cash flow to share buybacks and RSU tax settlements; guidance assumes a relatively stable business environment and carries conservative assumptions around EA multiyear deal visibility.MongoDB Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
84
Very Positive
Cash Flow
87
Very Positive
| Breakdown | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.46B | 2.01B | 1.68B | 1.28B | 873.78M |
| Gross Profit | 1.77B | 1.47B | 1.26B | 934.74M | 614.29M |
| EBITDA | -29.32M | -96.53M | -122.34M | -294.27M | -267.12M |
| Net Income | -71.15M | -129.07M | -176.60M | -345.40M | -306.87M |
Balance Sheet | |||||
| Total Assets | 3.76B | 3.43B | 2.87B | 2.59B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.39B | 2.34B | 2.02B | 1.84B | 1.83B |
| Total Debt | 32.86M | 36.50M | 1.18B | 1.18B | 1.18B |
| Total Liabilities | 806.49M | 648.07M | 1.80B | 1.85B | 1.78B |
| Stockholders Equity | 2.95B | 2.78B | 1.07B | 739.51M | 666.70M |
Cash Flow | |||||
| Free Cash Flow | 500.19M | 120.64M | 115.40M | -20.21M | -1.09M |
| Operating Cash Flow | 505.15M | 150.19M | 121.48M | -12.97M | 6.98M |
| Investing Cash Flow | 538.82M | -657.44M | 188.02M | -33.31M | -852.14M |
| Financing Cash Flow | -462.44M | 202.06M | 38.24M | 30.20M | 890.89M |
MongoDB Technical Analysis
Negative
250.32
Price Trends
303.23
Negative
348.82
Negative
313.26
Negative
Market Momentum
-14.77
Negative
39.77
Neutral
67.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MDB, the sentiment is Negative. The current price of 250.32 is below the 20-day moving average (MA) of 256.15, below the 50-day MA of 303.23, and below the 200-day MA of 313.26, indicating a bearish trend. The MACD of -14.77 indicates Negative momentum. The RSI at 39.77 is Neutral, neither overbought nor oversold. The STOCH value of 67.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MDB.
MongoDB Risk Analysis
MongoDB disclosed 67 risk factors in its most recent earnings report. MongoDB reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
MongoDB Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $20.12B | -424.02 | -2.41% | ― | 20.93% | 68.47% | |
65 Neutral | $8.22B | 42.89 | -214.15% | ― | 14.20% | 204.86% | |
63 Neutral | $5.04B | 224.68 | -9.44% | ― | 16.98% | -265.85% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $51.85B | -48.84 | -60.27% | ― | 28.48% | -19.12% |
* Technology Sector Average
MDB
MongoDB
250.32
89.22
55.38%
ESTC
Elastic
48.72
-30.06
-38.16%
SNOW
Snowflake
149.99
5.54
3.84%
DOCN
DigitalOcean Holdings
89.38
61.16
216.73%
MongoDB Corporate Events
Business Operations and StrategyExecutive/Board ChangesFinancial Disclosures
MongoDB Announces Leadership Changes and Governance Enhancements
Positive
Mar 2, 2026
MongoDB reported fourth-quarter fiscal 2026 results on March 2, 2026, with revenue up 27% year-over-year to $695.1 million and full-year revenue up 23% to $2.46 billion, driven by strong Atlas growth and broad-based demand across product lines. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.