MongoDB (MDB) AI Stock Analysis

• Market Cap: $25.90B
• Dividend Yield: N/A
• Average Volume (3M): 3.43M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.79
• Revenue Growth: 21.90%
• EPS Growth: 67.81%
• Country: US
• Employees: 5,558
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 1.00
• Shares Outstanding: 81,356,895
• 10 Day Avg. Volume: 2,269,517
• 30 Day Avg. Volume: 3,432,285
• PEG Ratio: 5.22
• Price to Book (P/B): 7.32
• Price to Sales (P/S): 10.16
• P/FCF Ratio: 168.91
• Enterprise Value/Market Cap: 0.66
• Enterprise Value/Revenue: 7.67
• Enterprise Value/Gross Profit: 10.60
• Enterprise Value/Ebitda: -408.58
• 1Y Price Target: $357.17
• Price Target Upside: 12.17% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 31

• Rating: 73 Outperform
• Price Target: $355.00 ▲(11.49% Upside)

MongoDB's strong financial performance, particularly in revenue and cash flow growth, combined with positive technical indicators, supports a high score. However, high valuation risks and ongoing profitability challenges temper the overall outlook.

Positive Factors

Revenue Growth

Strong revenue growth indicates MongoDB's expanding market presence and effective product adoption, supporting long-term business sustainability.

Atlas Revenue Acceleration

The growth of Atlas, a key product, highlights MongoDB's strength in cloud services, ensuring a durable competitive advantage in the database market.

Cash Flow Improvement

Improved cash flow enhances MongoDB's financial flexibility, enabling reinvestment in growth initiatives and strengthening its financial health.

Negative Factors

Profitability Challenges

Ongoing profitability issues may hinder MongoDB's ability to generate sustainable earnings, affecting long-term financial stability and investor confidence.

Gross Margin Decline

A decline in gross margin could indicate rising costs or pricing pressures, potentially impacting MongoDB's ability to maintain robust profit margins.

Enterprise Customer Decline

A decrease in enterprise customers may signal challenges in retaining large clients, which could affect MongoDB's revenue stability and growth prospects.

MongoDB Business Overview & Revenue Model

Company Description

MongoDB, Inc. is a leading provider of advanced database solutions, specializing in NoSQL databases that utilize a document-oriented data model. Founded in 2007, the company operates primarily in the technology sector, focusing on cloud-based database services, data management, and analytics. MongoDB's flagship product, MongoDB Atlas, is a fully managed cloud database service that enables developers to build and scale applications with ease. The company also offers on-premise solutions and a variety of tools for data integration, querying, and analytics, catering to diverse industries such as finance, healthcare, and e-commerce.

How the Company Makes Money

MongoDB generates revenue primarily through subscription fees for its database services. The company offers various pricing plans for MongoDB Atlas, which is billed based on usage metrics such as storage, data transfer, and compute resources. Additionally, MongoDB earns income from on-premise software licenses and technical support services. Its revenue model also includes professional services, such as training and consulting, which help clients optimize their use of MongoDB products. Key partnerships with cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud Platform enhance its market reach and contribute to revenue growth by integrating MongoDB's services within these established ecosystems.

MongoDB Financial Statement Overview

Summary

MongoDB shows strong revenue growth and improved cash flow, with a significant reduction in leverage. However, profitability challenges persist, impacting return on equity.

Income Statement

MongoDB has demonstrated strong revenue growth with a 5.38% increase in TTM, building on previous growth trends. Gross profit margins remain robust at over 72%, indicating efficient cost management. However, the company continues to face challenges with profitability, as evidenced by negative net profit and EBIT margins, though these have improved over time.

Balance Sheet

The balance sheet shows a significant improvement in the debt-to-equity ratio, now at a low 0.012, reflecting reduced leverage. The equity ratio is healthy, indicating a strong asset base. However, the company is still experiencing negative return on equity, suggesting ongoing profitability challenges.

Cash Flow

MongoDB's cash flow position has strengthened, with a notable 45.47% growth in free cash flow. The operating cash flow to net income ratio is positive, indicating effective cash generation relative to earnings. The free cash flow to net income ratio is also strong, suggesting good cash conversion despite net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.22B	2.01B	1.68B	1.28B	873.78M	590.38M
Gross Profit	1.60B	1.47B	1.26B	934.74M	614.29M	413.30M
EBITDA	-41.64M	-96.53M	-122.34M	-294.27M	-267.12M	-186.03M
Net Income	-78.62M	-129.07M	-176.60M	-345.40M	-306.87M	-266.94M
Balance Sheet
Total Assets	3.54B	3.43B	2.87B	2.59B	2.45B	1.41B
Cash, Cash Equivalents and Short-Term Investments	2.35B	2.34B	2.02B	1.84B	1.83B	957.74M
Total Debt	35.74M	36.50M	1.18B	1.18B	1.18B	979.17M
Total Liabilities	599.09M	648.07M	1.80B	1.85B	1.78B	1.41B
Stockholders Equity	2.94B	2.78B	1.07B	739.51M	666.70M	-5.03M
Cash Flow
Free Cash Flow	239.90M	120.64M	115.40M	-20.21M	-1.09M	-54.45M
Operating Cash Flow	270.01M	150.19M	121.48M	-12.97M	6.98M	-42.67M
Investing Cash Flow	-758.54M	-657.44M	188.02M	-33.31M	-852.14M	-262.66M
Financing Cash Flow	-158.66M	202.06M	38.24M	30.20M	890.89M	27.58M

MongoDB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 318.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: 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 318.41 is below the 20-day moving average (MA) of 322.65, above the 50-day MA of 266.33, and above the 200-day MA of 230.55, indicating a neutral trend. The MACD of 15.48 indicates Positive momentum. The RSI at 61.67 is Neutral, neither overbought nor oversold. The STOCH value of 29.97 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MDB.

MongoDB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MDB	73 Outperform	$25.90B	―	-3.65%	―	21.90%	67.81%
DOCN	70 Outperform	3.20B	27.57	-72.17%	―	13.29%	79.98%
ZS	67 Neutral	46.64B	-1,098.62	-2.31%	―	23.31%	31.04%
OKTA	64 Neutral	16.07B	107.49	2.49%	―	12.68%	―
BASE	60 Neutral	1.35B	-17.38	-60.66%	―	10.98%	11.62%
CFLT	59 Neutral	6.82B	-21.11	-29.31%	―	23.02%	21.01%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

MongoDB Corporate Events

MongoDB Stockholders Approve Key Proposals at Annual Meeting

On June 30, 2025, MongoDB, Inc. held its Annual Meeting of Stockholders where five proposals were voted on. Key outcomes included the election of directors Francisco D’Souza, Charles M. Hazard, Jr., and Tom Killalea, approval of executive compensation on a non-binding advisory basis, and the ratification of PricewaterhouseCoopers LLP as the independent registered public accounting firm. Additionally, stockholders approved an amendment to the company’s charter to limit the liability of certain officers, reflecting a strategic move to align with Delaware law.