MongoDB (MDB) AI Stock Analysis

• Market Cap: $16.70B
• Dividend Yield: N/A
• Average Volume (3M): 2.23M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.86
• Revenue Growth: 19.24%
• EPS Growth: 59.66%
• Country: US
• Employees: 5,558
• Sector: Technology
• Sector Strength: 94
• Industry: Software - Infrastructure
• EPS (TTM): 1.00
• Shares Outstanding: 81,714,310
• 10 Day Avg. Volume: 2,728,193
• 30 Day Avg. Volume: 2,231,052
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.69
• Enterprise Value/Revenue: 5.50
• Enterprise Value/Gross Profit: 7.54
• Enterprise Value/Ebitda: -222.95
• 1Y Price Target: $272.34
• Price Target Upside: 33.26% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 32

• Rating: 71 Outperform
• Price Target: $231.00 ▲(13.03% Upside)

MongoDB's overall stock score reflects strong financial performance and positive earnings call sentiment, highlighting growth potential and strategic focus on AI. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates valuation concerns.

Positive Factors

Customer and Revenue Growth

MongoDB reported strong FQ1 results, including Atlas revenue growth of 26% vs. 24% in FQ4 and strong customer growth, pushing shares higher after hours.

Generative AI Growth

MongoDB is expected to participate in the growth of generative AI workloads and applications.

Technology and Market Position

MongoDB has leading technology in the large and fast-growing non-relational database market.

Negative Factors

Competitive Challenges

The rising popularity of Postgres could limit the long-term growth potential of MongoDB by constraining it to a narrower set of use-cases.

Revenue Growth Concerns

The very slight revenue raise, and implied 2H revenue deceleration, likely reflects continued conservatism due to the macro, coupled with new CFO Mike Berry just starting.

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 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 remarkable revenue growth and cash flow improvements, supported by a strong balance sheet. The company faces challenges with profitability but is making notable progress toward operational efficiency.

Income Statement

MongoDB has shown impressive revenue growth with a TTM revenue of $2.10 billion, a substantial increase from $873.78 million in 2022. The company maintains a strong gross profit margin of 72.9%, indicating efficient cost management. However, negative net profit and EBIT margins suggest ongoing challenges in achieving profitability. Improvements in EBITDA margin from past years demonstrate an upward trajectory towards operational efficiency.

Balance Sheet

The company's balance sheet is solid with a high equity ratio of 83.7%, indicating low financial leverage. A declining debt-to-equity ratio, currently at 0.01, shows effective management of debt levels. Return on Equity is negative due to the net losses, highlighting a need for profitability improvements. The strong liquidity position with significant cash reserves supports financial stability.

Cash Flow

MongoDB's cash flow statement reveals strong free cash flow growth, with TTM free cash flow reaching $167.50 million. The operating cash flow to net income ratio is robust, highlighting effective cash generation despite net losses. Positive free cash flow to net income ratio indicates potential for sustained cash flow improvement.

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	1.23B	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: Negative
• Last Price: 204.37
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 204.37 is below the 20-day moving average (MA) of 225.47, below the 50-day MA of 215.64, and below the 200-day MA of 231.51, indicating a bearish trend. The MACD of -1.95 indicates Positive momentum. The RSI at 40.74 is Neutral, neither overbought nor oversold. The STOCH value of 17.09 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for MDB.

MongoDB Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FFIV	80 Outperform	$18.75B	28.73	20.58%	―	8.94%	22.30%
MDB	71 Outperform	$16.70B	―	-4.00%	―	19.24%	59.66%
AKAM	71 Outperform	$10.32B	26.75	9.21%	―	3.98%	-31.18%
BASE	68 Neutral	$1.34B	―	-55.90%	―	12.76%	16.97%
YEXT	66 Neutral	$964.49M	―	-15.69%	―	8.38%	-278.88%
Sector *	57 Neutral	HK$14.44B	9.47	-0.60%	4.38%	7.06%	-38.12%
CFLT	57 Neutral	$5.71B	―	-32.18%	―	23.02%	21.01%

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.

The most recent analyst rating on (MDB) stock is a Buy with a $360.00 price target. To see the full list of analyst forecasts on MongoDB stock, see the MDB Stock Forecast page.