MongoDB (MDB) AI Stock Analysis

• Market Cap: $17.27B
• Dividend Yield: N/A
• Average Volume (3M): 2.60M
• 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: 87
• Industry: Software - Infrastructure
• EPS (TTM): 1.00
• Shares Outstanding: 81,714,310
• 10 Day Avg. Volume: 2,137,088
• 30 Day Avg. Volume: 2,603,778
• PEG Ratio: -0.80
• Price to Book (P/B): 110.66
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -276.97
• Enterprise Value/Market Cap: 0.54
• Enterprise Value/Revenue: 1.20
• Enterprise Value/Gross Profit: 6.12
• Enterprise Value/Ebitda: -18.99
• 1Y Price Target: $270.38
• Price Target Upside: 27.94% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 29

• Rating: 78 Outperform
• Price Target: $241.00 ▲(14.03%Upside)

MongoDB's overall stock score reflects strong financial performance and positive earnings call sentiment, highlighting significant growth potential and strategic focus on AI. However, challenges in profitability and valuation weigh on the score, along with bearish technical signals.

Positive Factors

Corporate Strategy

The company raised full-year guidance modestly and increased its buyback authorization from $200 million to $1 billion.

Financial Performance

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

Strategic Growth

MongoDB's strong momentum with new customers and workloads attests to the ongoing advantages and appeal of its product.

Negative Factors

Market Competition

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 Outlook

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. is a leading provider of modern, general-purpose database platforms designed to unleash the power of software and data for developers and the applications they build. Operating in the technology sector, the company is renowned for its flagship product, MongoDB, a NoSQL database that allows developers to store, query, and manage data in a flexible, scalable manner. MongoDB offers its database platform across various deployment types, including on-premise, cloud, and as a fully managed service through MongoDB Atlas.

How the Company Makes Money

MongoDB, Inc. primarily generates revenue through subscriptions and services. The company's core revenue stream comes from its MongoDB Atlas offering, a cloud-based Database-as-a-Service (DBaaS) that provides customers with a fully managed and scalable database solution. Customers pay for MongoDB Atlas based on their usage, which includes factors like data storage, throughput, and additional features. MongoDB also earns revenue from Enterprise Advanced, which provides on-premise database solutions along with advanced security, monitoring, and support features. Additionally, the company offers professional services such as consulting and training to help enterprises effectively use and manage their MongoDB deployments. Key partnerships with major cloud providers like Amazon Web Services, Google Cloud, and Microsoft Azure further enhance MongoDB's market reach and adoption, contributing significantly to its revenue growth.

MongoDB Financial Statement Overview

Summary

MongoDB shows strong revenue and free cash flow growth, supported by a robust balance sheet. Despite challenges in profitability, with negative net profit margins, operational efficiencies are improving, indicating potential for future profitability.

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	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.10B	2.01B	1.68B	1.28B	873.78M	590.38M
Gross Profit	1.53B	1.47B	1.26B	934.74M	614.29M	413.30M
EBITDA	-82.27M	-96.53M	-122.34M	-294.27M	-267.12M	-186.03M
Net Income	-86.11M	-129.07M	-176.60M	-345.40M	-306.87M	-266.94M
Balance Sheet
Total Assets	3.62B	3.43B	2.87B	2.59B	2.45B	1.41B
Cash, Cash Equivalents and Short-Term Investments	2.45B	2.34B	2.02B	1.84B	1.83B	957.74M
Total Debt	37.00M	36.50M	1.23B	1.18B	1.18B	979.17M
Total Liabilities	591.47M	648.07M	1.80B	1.85B	1.78B	1.41B
Stockholders Equity	3.03B	2.78B	1.07B	739.51M	666.70M	-5.03M
Cash Flow
Free Cash Flow	167.50M	120.64M	115.40M	-20.21M	-1.09M	-54.45M
Operating Cash Flow	196.51M	150.19M	121.48M	-12.97M	6.98M	-42.67M
Investing Cash Flow	-557.73M	-657.44M	188.02M	-33.31M	-852.14M	-262.66M
Financing Cash Flow	201.38M	202.06M	38.24M	30.20M	890.89M	27.58M

MongoDB Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 211.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• 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 211.34 is above the 20-day moving average (MA) of 209.33, above the 50-day MA of 193.62, and below the 200-day MA of 239.23, indicating a neutral trend. The MACD of 3.68 indicates Positive momentum. The RSI at 59.15 is Neutral, neither overbought nor oversold. The STOCH value of 62.03 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
FFIV	83 Outperform	$17.01B	28.12	19.89%	―	5.61%	26.65%
MDB	78 Outperform	$17.27B	―	-4.00%	―	19.24%	59.66%
AKAM	76 Outperform	$11.62B	26.80	9.82%	―	3.51%	-27.28%
YEXT	71 Outperform	$1.01B	―	-15.69%	―	8.38%	-278.88%
BASE	68 Neutral	$1.34B	―	-55.90%	―	12.76%	16.97%
CFLT	64 Neutral	$8.71B	―	-34.18%	―	24.11%	21.87%
Sector *	50 Neutral	AU$1.49B	1.75	-28.24%	3.26%	16.24%	-7.89%

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.

MongoDB Appoints Michael J. Berry as New CFO

On April 28, 2025, MongoDB announced the appointment of Michael J. Berry as Chief Financial Officer, effective May 27, 2025. Berry, who brings over 30 years of experience in the technology and software industry, previously served as CFO at NetApp, McAfee, and other notable companies. His appointment is expected to bolster MongoDB’s strategic and financial objectives, particularly as the company navigates growth opportunities in the software market, including the adoption of GenAI by customers. Berry’s extensive experience in scaling businesses is seen as a valuable asset for MongoDB’s future growth.

MongoDB Announces CFO Resignation and Transition Plan

On April 21, 2025, MongoDB, Inc. announced the resignation of its Interim Chief Financial Officer, Srdjan (‘Serge’) Tanjga, effective May 8, 2025. The company is in advanced discussions with a qualified candidate and expects to appoint a new CFO within 7-10 days, indicating a smooth transition in its financial leadership.