MongoDB (MDB) AI Stock Analysis

• Market Cap: $26.76B
• Dividend Yield: N/A
• Average Volume (3M): 1.51M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.89
• Revenue Growth: 20.93%
• EPS Growth: 68.47%
• Country: US
• Employees: 5,558
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 1.32
• Shares Outstanding: 81,356,895
• 10 Day Avg. Volume: 1,338,046
• 30 Day Avg. Volume: 1,514,083
• 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: 1.01
• Enterprise Value/Revenue: 11.66
• Enterprise Value/Gross Profit: 16.28
• Enterprise Value/Ebitda: -830.81
• 1Y Price Target: $439.07
• Price Target Upside: 33.51% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 31
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: $350.00 ▲(6.43% Upside)

MongoDB's overall stock score reflects strong revenue growth and positive earnings call sentiment, which are offset by ongoing net losses and valuation concerns. The company's strategic focus on AI and customer expansion are promising, but achieving sustainable profitability remains crucial.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective business strategy, supporting long-term expansion and stability.

Atlas Product Performance

Atlas's robust growth underscores MongoDB's competitive edge in cloud services, enhancing its market position and revenue base.

Cash Flow Strength

Strong cash flow generation provides financial flexibility for investments and strategic initiatives, bolstering long-term viability.

Negative Factors

Profitability Challenges

Ongoing profitability issues may limit reinvestment capabilities and affect long-term shareholder value, despite revenue growth.

Gross Margin Decline

Declining gross margins could signal rising costs or pricing pressures, potentially impacting future profitability and competitiveness.

AI Adoption Challenges

Slow AI adoption may delay expected benefits from AI-driven initiatives, affecting MongoDB's ability to capitalize on emerging tech trends.

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 hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.

How the Company Makes Money

MongoDB generates revenue primarily through subscription-based services, which consist of its cloud offerings and software licenses. The company offers MongoDB Atlas as a fully managed service on major cloud platforms like AWS, Azure, and Google Cloud, allowing customers to pay based on their usage and scale. Additionally, MongoDB earns revenue through enterprise software licenses for on-premises installations, as well as support and consulting services for organizations implementing its database solutions. Significant partnerships with cloud providers enhance distribution and visibility, contributing to customer acquisition and retention, while the growing demand for scalable, flexible database solutions in various industries continues to drive revenue growth.

MongoDB Financial Statement Overview

Summary

MongoDB demonstrates strong revenue growth and improving cash flow metrics, indicating potential for future profitability. The company maintains a solid balance sheet with low leverage, but persistent net losses and negative profitability margins highlight the need for continued focus on operational efficiency and cost management to achieve sustainable profitability.

Income Statement

MongoDB has shown consistent revenue growth, with a TTM growth rate of 4.46% and a significant annual growth rate in previous years. However, the company is still operating at a net loss, with a TTM net profit margin of -3.06%. The gross profit margin remains strong at 71.62%, indicating efficient cost management. Despite improvements, negative EBIT and EBITDA margins suggest ongoing challenges in achieving operational profitability.

Balance Sheet

The balance sheet shows a strong equity position with a low debt-to-equity ratio of 0.012 in the TTM period, indicating low financial leverage. However, the return on equity remains negative at -3.07%, reflecting ongoing net losses. The equity ratio is healthy, suggesting a stable financial structure, but the company needs to improve profitability to enhance shareholder returns.

Cash Flow

MongoDB's cash flow statement reveals a positive trend, with a TTM free cash flow growth rate of 45.04%, indicating improved cash generation capabilities. The operating cash flow to net income ratio is 0.67, showing better cash conversion efficiency. The free cash flow to net income ratio of 0.93 suggests that the company is close to covering its net losses with free cash flow, a positive sign for future financial health.

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

MongoDB Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 328.87
• 50DMA: Negative
• 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 Neutral. The current price of 328.87 is below the 20-day moving average (MA) of 346.06, below the 50-day MA of 333.45, and above the 200-day MA of 246.62, indicating a neutral trend. The MACD of -2.33 indicates Positive momentum. The RSI at 44.62 is Neutral, neither overbought nor oversold. The STOCH value of 43.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for MDB.

MongoDB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DOCN	73 Outperform	$4.06B	18.01	―	―	14.20%	204.86%
MDB	63 Neutral	$26.76B	―	-3.23%	―	20.93%	68.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ESTC	61 Neutral	$7.49B	―	-12.84%	―	16.98%	-265.85%
SNOW	61 Neutral	$85.12B	―	-42.45%	―	28.37%	-35.49%
BASE	60 Neutral	―	―	―	―	10.98%	11.62%
CFLT	59 Neutral	$7.65B	―	-29.62%	―	21.58%	18.88%

MongoDB Corporate Events

MongoDB Outlines AI-Focused Growth Strategies

On September 17, 2025, MongoDB, Inc. held an Investor Day event where the leadership team outlined strategies for sustainable growth and long-term shareholder value. The event highlighted the company’s focus on leveraging artificial intelligence to expand its market and enhance its competitive positioning. MongoDB emphasized its differentiation in the database market, particularly with its JSON-based databases, which are well-suited for AI applications. The company also discussed its historical growth trajectory and future plans to redefine databases for the AI era, aiming to capture larger and more strategic deals.

The most recent analyst rating on (MDB) stock is a Buy with a $382.00 price target. To see the full list of analyst forecasts on MongoDB stock, see the MDB Stock Forecast page.

MongoDB’s Earnings Call: Strong Growth and Strategic Gains

MongoDB’s recent earnings call painted a picture of robust growth and strategic advancements, with the company showcasing significant revenue increases, customer base expansion, and improved profitability. Despite minor challenges such as a slight decline in gross margins and a modest restructuring, the overall sentiment was overwhelmingly positive, underscoring MongoDB’s confidence in its future trajectory.

MongoDB Reports Strong Q2 Growth and Expands AI Initiatives

MongoDB, Inc. is a leading software company specializing in database solutions, known for its globally distributed database platform that supports a wide range of applications, including AI-powered analytics and real-time data processing.