Mongodb, Inc. (MDB)
NASDAQ:MDB
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MongoDB
(NASDAQ:MDB)
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Rating:73Outperform
Price Target:
$368.00
▲(39.72% Upside)
Action:Reiterated
Date:05/20/26
The score is driven primarily by strong free cash flow and a significantly de-risked balance sheet, reinforced by a constructive earnings outlook (continued double-digit growth, margin expansion, and buyback commitment). Technicals are supportive but stretched (overbought signals). The main constraint is valuation, with an extremely high P/E leaving limited room for execution missteps or growth deceleration.
Positive Factors
Free cash flow strength
Sustained, sizable free cash flow provides durable funding for operations, R&D and strategic priorities without new debt. Over the next 2–6 months this supports buybacks/RSU taxes, funds AI and product investment, and increases financial flexibility versus peers reliant on external financing.
Negative Factors
Growth deceleration risk
Management's guidance implies a marked slowdown from recent quarter momentum, reducing margin for execution error. Over the medium term a lower growth baseline compresses optionality and increases sensitivity to churn or slower cloud consumption, making durable upside harder to achieve.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow strength
Sustained, sizable free cash flow provides durable funding for operations, R&D and strategic priorities without new debt. Over the next 2–6 months this supports buybacks/RSU taxes, funds AI and product investment, and increases financial flexibility versus peers reliant on external financing.
Read all positive factors
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 (MDB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$26.50B
Dividend YieldN/A
Average Volume (3M)1.68M
Price to Earnings (P/E)485.9
Beta (1Y)1.78
Revenue Growth22.79%
EPS Growth50.50%
CountryUS
Employees5,558
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.87
Shares Outstanding80,499,930
10 Day Avg. Volume1,812,546
30 Day Avg. Volume1,679,463
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 Cap0.92
Enterprise Value/Revenue9.93
Enterprise Value/Gross Profit13.84
Enterprise Value/Ebitda-1.34K
Forecast
1Y Price Target
$365.88Price Target Upside38.92% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering26
EPS Forecast (FY)5.92
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 primarily makes money by selling subscriptions and services centered on the MongoDB database platform.
1) Subscription revenue (largest driver)
- MongoDB Atlas (DBaaS): A major portion of revenue comes from MongoDB Atlas, its fully manage...
MongoDB 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
Positive
263.38
Price Trends
266.27
Positive
315.57
Positive
321.49
Positive
Market Momentum
17.58
Negative
70.50
Negative
78.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MDB, the sentiment is Positive. The current price of 263.38 is below the 20-day moving average (MA) of 285.59, below the 50-day MA of 266.27, and below the 200-day MA of 321.49, indicating a bullish trend. The MACD of 17.58 indicates Negative momentum. The RSI at 70.50 is Negative, neither overbought nor oversold. The STOCH value of 78.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $26.50B | 485.87 | -2.41% | ― | 22.79% | 50.50% | |
68 Neutral | $16.71B | 126.51 | 154.32% | ― | 17.61% | 119.62% | |
63 Neutral | $5.72B | 224.68 | -9.44% | ― | 17.29% | 38.72% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $57.87B | -53.27 | -60.27% | ― | 29.16% | -2.26% |
* Technology Sector Average
MDB
MongoDB
329.14
140.56
74.54%
ESTC
Elastic
55.28
-37.72
-40.56%
SNOW
Snowflake
166.97
-36.21
-17.82%
DOCN
DigitalOcean Holdings
160.11
130.98
449.64%
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.