MongoDB, Inc. (MDB) Stock

MongoDB, Inc. (MDB) is a Technology stock trading at $420.17 (as of 2026-08-20), with a market capitalization of $33.80B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

MongoDB, Inc. offers a general-purpose database platform, including MongoDB Enterprise Advanced for deploying in cloud, on-premise, or hybrid environments, MongoDB Atlas as a hosted database service across multiple clouds, and a free Community Server. The company also provides consulting and training services for customers and developers.

Understand MongoDB, Inc.: how it makes money

MongoDB provides a general purpose database platform, making money primarily through subscription revenue from enterprise and hosted offerings (MongoDB Enterprise Advanced and MongoDB Atlas), with additional revenue from services and professional services.

The profit model is built around recurring subscription revenue that is reflected in Net Annual Recurring Revenue Expansion Rate, and supported by Remaining Performance Obligations.

Revenue by segment (latest quarter)
Subscr$0.7B
Services$0.0B
ProSrv$0.0B

Business quality (Weak): The revenue can be cleanly segmented using Subscription Revenue, Services Revenue, and Professional Services Revenue, while Atlas net new revenue appears to be a KPI rather than a standalone revenue segment.

Bull case

  • Subscription-driven model: Subscription Revenue is the largest portion of revenue (0.67B), consistent with a platform business that sells ongoing access to its database offerings.
  • Recurring revenue momentum: Net Annual Recurring Revenue Expansion Rate is 120%, indicating strong growth in recurring revenue per customer cohort.
  • Visibility into future revenue: Remaining Performance Obligations are 1.46 USD_B, suggesting contracted work or commitments that can support future subscription and services delivery.

Bear case

  • Currently unprofitable at the operating level: Operating margin is -3.6%, which means the current revenue base and cost structure have not translated into operating profitability.
  • Limited diversification beyond subscriptions: Services and professional services combined are small versus Subscription Revenue, so weaker subscription performance would be harder to offset using other revenue streams based on the provided mix.
Valuation — source: SEC EDGAR (first-party)
Price$420.17
Market Cap$33.80B
Price / Book11.51
Price / Sales13.76
FCF Yield2.4%
DCF Value (model)$113.08
DCF Upside vs Price-73.1%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$2.46B
Net Margin-2.9%
Revenue Growth (YoY)22.8%
EPS Growth (YoY)-49.1%
FCF Growth (YoY)314.6%
Financial Health — source: SEC EDGAR
Altman Z-Score25.73 (safe)
Valuation vs Sector & Industry
Sector P/E (Technology)33.9
Industry P/E (Business Services)30.0
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($3.63B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorTechnology
IndustryBusiness Services
CEOChirantan Jitendra Desai
Employees5,558
CountryUS
IPO Date2017-10-19

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MDB earnings history · MDB institutional & insider holders · MDB KPIs & operating metrics · MDB financials · MDB investor presentations & press releases · MDB SEC filings · MDB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.