MongoDB (MDB) AI Stock Analysis

• Market Cap: $35.79B
• Dividend Yield: N/A
• Average Volume (3M): 1.96M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.83
• 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: 81,391,760
• 10 Day Avg. Volume: 1,630,489
• 30 Day Avg. Volume: 1,962,604
• 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: 0.76
• Enterprise Value/Revenue: 11.67
• Enterprise Value/Gross Profit: 16.30
• Enterprise Value/Ebitda: -831.79
• 1Y Price Target: $460.52
• Price Target Upside: 5.35% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 28
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: $471.00 ▲(7.75% Upside)

MongoDB's overall stock score reflects strong financial performance and technical momentum, bolstered by positive earnings call insights and strategic corporate events. While valuation remains a concern due to negative earnings, the company's growth trajectory and strategic focus on AI provide a compelling long-term investment case.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for MongoDB's products, enhancing its market position and supporting long-term business expansion.

Atlas Performance

Atlas's growth underscores MongoDB's successful cloud strategy, crucial for capturing market share in the growing cloud database segment.

Leadership Change

New leadership with a strong background in cloud infrastructure can drive strategic initiatives, particularly in AI, enhancing MongoDB's competitive edge.

Negative Factors

Profitability Challenges

Ongoing net losses and negative margins highlight operational challenges, which could hinder sustainable profitability and long-term financial health.

Gross Margin Decline

Declining gross margins may pressure profitability, especially as Atlas grows as a larger percentage of the business, impacting cost efficiency.

AI Adoption Challenges

Slow AI adoption could delay expected benefits from AI-driven strategies, affecting MongoDB's ability to capitalize on AI market opportunities.

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 a subscription-based model that includes various tiers of service for its software products, including on-premises licenses and cloud-based offerings via MongoDB Atlas. Key revenue streams include subscriptions for its enterprise and community editions, support services, and cloud services. The company also earns revenue from professional services, such as consulting and training. Significant partnerships with cloud providers, including Amazon Web Services, Microsoft Azure, and Google Cloud, enhance its market reach and customer acquisition, contributing to its overall earnings.

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: Positive
• Last Price: 437.13
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 437.13 is above the 20-day moving average (MA) of 400.78, above the 50-day MA of 364.97, and above the 200-day MA of 259.55, indicating a bullish trend. The MACD of 21.96 indicates Negative momentum. The RSI at 69.06 is Neutral, neither overbought nor oversold. The STOCH value of 92.78 is Negative, 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	75 Outperform	$35.79B	-495.61	-3.23%	―	20.93%	68.47%
DOCN	73 Outperform	$4.50B	19.86	―	―	14.20%	204.86%
CFLT	72 Outperform	$10.58B	-33.36	-29.62%	―	21.58%	18.88%
ESTC	65 Neutral	$8.26B	-74.52	-12.84%	―	16.98%	-265.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
BASE	60 Neutral	―	―	―	―	10.98%	11.62%
SNOW	54 Neutral	$77.62B	-55.78	-53.32%	―	28.48%	-19.12%

MongoDB Corporate Events

MongoDB Appoints Chirantan Desai as New CEO

On November 3, 2025, MongoDB announced a leadership transition with the appointment of Chirantan ‘CJ’ Desai as the new President and CEO, effective November 10, 2025. Desai, with a strong background in cloud infrastructure and enterprise software, succeeds Dev Ittycheria, who will remain on the Board and serve as an advisor. This transition follows a comprehensive search for a leader capable of driving MongoDB’s growth in AI-driven applications. The company also expects to exceed its Q3 FY26 financial guidance, driven by the strength of its Atlas platform.

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.