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MongoDB
(NASDAQ:MDB)
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Rating:73Outperform
Price Target:
$345.00
▲(15.69% Upside)
Action:Reiterated
Date:07/07/26
The score is driven primarily by strong financial quality (excellent free cash flow and a very low-debt balance sheet) and a positive earnings-call outlook with margin expansion guidance and sustained Atlas momentum. Technicals are supportive with price above major moving averages, but the overall score is held back by valuation due to negative earnings (negative P/E) and the noted risks around growth deceleration and consumption variability.
Positive Factors
Strong cash generation and low leverage
Very strong operating and free cash flow, paired with minimal debt, provides durable financial flexibility. This funds R&D, go-to-market, and buybacks without refinancing risk, supporting multi-quarter investment in product and GTM while protecting the balance sheet against cyclical shocks.
Negative Factors
Revenue growth deceleration
Slower top-line growth versus prior years reduces margin and rule-of-40 upside potential and raises execution demands to re-accelerate. Sustained deceleration can pressure investor expectations, limit reinvestment leeway, and require deeper investments in sales or product to regain faster expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation and low leverage
Very strong operating and free cash flow, paired with minimal debt, provides durable financial flexibility. This funds R&D, go-to-market, and buybacks without refinancing risk, supporting multi-quarter investment in product and GTM while protecting the balance sheet against cyclical shocks.
Read all positive factors
MongoDB Key Performance Indicators (KPIs)
Any
Revenue by Geography
Splits revenue across regions to show where MongoDB is strongest and where growth opportunities or macro risks lie; regional differences can affect growth prospects and exposure to currency or regulatory headwinds.
Splits revenue across regions to show where MongoDB is strongest and where growth opportunities or macro risks lie; regional differences can affect growth prospects and exposure to currency or regulatory headwinds.
Data provided by:
The Fly
The FlyMongoDB (MDB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$25.83B
Dividend YieldN/A
Average Volume (3M)1.45M
Price to Earnings (P/E)―
Beta (1Y)1.77
Revenue Growth23.64%
EPS Growth68.36%
CountryUS
Employees5,636
SectorTechnology
Sector Strength88
IndustrySoftware - Infrastructure
Share Statistics
EPS (TTM)-0.36
Shares Outstanding80,431,930
10 Day Avg. Volume1,351,882
30 Day Avg. Volume1,453,301
Financial Highlights & Ratios
PEG Ratio8.59
Price to Book (P/B)10.22
Price to Sales (P/S)12.25
P/FCF Ratio60.32
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$412.83Price Target Upside38.43% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering27
EPS Forecast (FY)6.12
Revenue Forecast (FY)$2.96B
MongoDB Business Overview & Revenue Model
Company Description
MongoDB, Inc. serves as a global provider of a versatile database platform. The company's offerings feature MongoDB Enterprise Advanced, a sophisticated commercial database server designed for corporate clients, which can be deployed in cloud, on-...
How the Company Makes Money
MongoDB primarily makes money through subscription-based and consumption-based offerings centered on the MongoDB database platform. The largest revenue stream is MongoDB Atlas, its managed cloud database service, which generally generates revenue ...
MongoDB Earnings Call Summary
Earnings Call Date:May 28, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Aug 27, 2026
Earnings Call Sentiment Positive
The call presented broad-based operational strength: strong top-line growth (25% YoY), sustained Atlas momentum (≈29% YoY with $117M incremental Atlas dollar growth), expanding profitability (non-GAAP operating margin 18%), robust cash flow and customer expansion (67.7k customers, 2.9k $100k+ ARR customers), and accelerating product/AI traction (MongoDB 8.3 performance gains, voyage embeddings preview, vector search adoption). The primary negatives are slower EA/other growth, some margin mix pressure, consumption variability risk due to Atlas concentration, the early-stage nature of AI monetization, and a small acquisition impact; there was also a notable inconsistency in messaging around full-year growth ranges. Overall, the positive metrics and momentum materially outweigh the lowlights, though investors should watch EA performance, margin mix, and consumption variability.Positive Updates
Total Revenue Growth
Total revenue of $688 million, up 25% year-over-year, accelerating from ~22% in prior comparable periods.
Negative Updates
Slower EA and 'Other' Revenue Growth
EA and other revenue grew 13% year-over-year (EA & other ARR ~11% YoY). Management now expects EA and other full-year growth in the mid-single-digits and anticipates this segment to be roughly flat in the second half of the year due to tough comparables.
Read all updates
Q1-2027 Updates
Positive
Negative
Total Revenue Growth
Total revenue of $688 million, up 25% year-over-year, accelerating from ~22% in prior comparable periods.
Read all positive updates
Company Guidance
MongoDB guided Q2 revenue of $729M–$734M (up ~23%–24% year‑over‑year) with Atlas revenue growth of ~26%, non‑GAAP income from operations of $152M–$156M (implying ~21% operating margin at the high end), and non‑GAAP EPS of $1.58–$1.61 on ~86.3M diluted shares; for fiscal 2027 it guided revenue of $2.92B–$2.96B (up ~19%–20%), non‑GAAP income from operations of $571M–$591M (≈20% operating margin at the high end), non‑GAAP EPS of $5.95–$6.14 on ~86.7M diluted shares (assuming a 20% non‑GAAP tax rate), and expects to expand operating margin by 100–150 bps and target Rule of 40 performance at the high end; management also assumes Q2 EA & other revenue growth of ~20%, raised full‑year EA & other to mid‑single‑digit growth, and highlighted Atlas’s predictability as it accounted for ~75% of Q1 revenue.MongoDB Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
85
Very Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Jan 2026 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.60B | 2.46B | 2.01B | 1.68B | 1.28B | 873.78M |
| Gross Profit | 1.87B | 1.77B | 1.47B | 1.26B | 934.74M | 614.29M |
| EBITDA | 23.69M | -29.32M | -96.53M | -122.34M | -294.27M | -267.12M |
| Net Income | -29.09M | -71.15M | -129.07M | -176.60M | -345.40M | -306.87M |
Balance Sheet | ||||||
| Total Assets | 3.69B | 3.76B | 3.43B | 2.87B | 2.59B | 2.45B |
| Cash, Cash Equivalents and Short-Term Investments | 2.43B | 2.39B | 2.34B | 2.02B | 1.84B | 1.83B |
| Total Debt | 30.43M | 32.86M | 36.50M | 1.18B | 1.18B | 1.18B |
| Total Liabilities | 757.73M | 806.49M | 648.07M | 1.80B | 1.85B | 1.78B |
| Stockholders Equity | 2.93B | 2.95B | 2.78B | 1.07B | 739.51M | 666.70M |
Cash Flow | ||||||
| Free Cash Flow | 599.50M | 500.19M | 120.64M | 115.40M | -20.21M | -1.09M |
| Operating Cash Flow | 605.17M | 505.15M | 150.19M | 121.48M | -12.97M | 6.98M |
| Investing Cash Flow | 400.32M | 538.82M | -657.44M | 188.02M | -33.31M | -852.14M |
| Financing Cash Flow | -628.82M | -462.44M | 202.06M | 38.24M | 30.20M | 890.89M |
MongoDB Technical Analysis
Positive
298.22
Price Trends
335.21
Negative
299.53
Positive
333.28
Negative
Market Momentum
-8.20
Positive
37.94
Neutral
8.47
Positive
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 298.22 is below the 20-day moving average (MA) of 329.79, below the 50-day MA of 335.21, and below the 200-day MA of 333.28, indicating a bearish trend. The MACD of -8.20 indicates Positive momentum. The RSI at 37.94 is Neutral, neither overbought nor oversold. The STOCH value of 8.47 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MDB.
MongoDB Risk Analysis
MongoDB disclosed 69 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $6.70B | 17.52 | 37.43% | ― | 17.26% | ― | |
73 Outperform | $25.83B | -864.03 | -0.99% | ― | 23.64% | 68.36% | |
66 Neutral | $98.05B | -76.81 | -57.21% | ― | 31.07% | 16.46% | |
63 Neutral | $12.48B | 43.44 | 154.32% | ― | 17.61% | 119.62% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
MDB
MongoDB
325.88
104.91
47.48%
ESTC
Elastic
64.25
-15.33
-19.26%
SNOW
Snowflake
298.10
93.08
45.40%
DOCN
DigitalOcean Holdings
120.23
94.49
367.09%
MongoDB Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
MongoDB Shareholders Approve Governance Changes at Annual Meeting
Positive
Jul 6, 2026
On June 30, 2026, MongoDB, Inc. held its Annual Meeting of Stockholders, where investors approved multiple governance and oversight measures affecting the company’s future operations. The company subsequently filed an Amended and Restated Ce...
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.