Loading…
US database software company selling a document-oriented (NoSQL) database used to build modern applications.
US database software company selling a document-oriented (NoSQL) database used to build modern applications.
Atlas, its hosted database, bills by usage, so revenue grows as customers' applications grow rather than by seat count, and it has become the largest part of the business. The older Enterprise product is sold as annual licences for customers who run it themselves. A free community version feeds developer interest.
Moat: narrow (switching costs, installed base, network effects). Once an application's data model is built on MongoDB, migrating databases is costly and risky.
Headquarters: New York, US · Founded: 2007 · Employees: 5,636
Size MongoDB (MDB) is a United States Information Technology company (Packaged Software) with a market value of $25.2B, the 423rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $312.83 on 6 Nov 2026.
Performance Over six months the shares gained 4.5%, against +8.9% for the median peer and -1.1% for the United States market (cap-weighted) — 9th lowest of 19 in its peer set.
Growth Revenue grew 25.4% over the last twelve months (peer median +23.8%); the operating margin is -0.5% (peer median 7.6%).
Valuation It trades at 44.7× forward earnings against a peer median of 27.1× (4th most expensive of 17).
Price implies For today's price to make sense, revenue must grow about 28% a year for seven years (Req g). Recent delivered growth is +33%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 15.5 points below its cost of capital (13.6% WACC).
Backlog Backlog (remaining performance obligations) was $1.52B at 31 Jul 2026, up 91% on a year earlier — 0.5 years of trailing revenue. Backlog detail →
Short interest Short interest is 3.3% of the free float (15 Oct 2026).
Next results Next results expected around 7 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.78B | $2.46B | $2.01B | $1.68B | $1.28B |
| Revenue growth | — | +23% | +19% | +31% | — |
| Gross profit | $2.02B | $1.77B | $1.47B | $1.25B | $926M |
| EBITDA | $22.4M | -$93.6M | -$189M | -$202M | -$317M |
| Net income | $58.9M | -$71.2M | -$129M | -$177M | -$345M |
| Free cash flow | $659M | $500M | $121M | $115M | -$20.2M |
| Capital expenditure | $7.60M | $4.96M | $29.6M | $6.07M | $7.24M |
| Total debt | $55.0M | $62.8M | $74.0M | $1.23B | $1.23B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| MongoDB MDB | $25.2B | +4% | +25% | -1% | 44.7× | 27.9% |
| Oracle ORCL | $351B | -41% | +22% | 34% | 13.6× | n/a |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Microsoft MSFT | $3.94T | +28% | +18% | 47% | 25.5× | 17.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MDB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.8% | -4.4% | 9th lowest of 21 |
| 6-month return | +4.5% | +8.9% | 9th lowest of 19 |
| Distance from 52-week high | -33.9% | -31.6% | 11th highest of 21 |
| Revenue growth (TTM) | +25.4% | +23.8% | 10th highest of 21 |
| Operating margin | -0.5% | 7.6% | 7th lowest of 21 |
| Forward P/E | 44.7× | 27.1× | 4th most expensive of 17 |
| Growth the price implies (Req g, 7 yrs) | 27.9% | 23.2% | 8th most demanding of 16 |
| Growth delivered (Del g) | +33.1% | +23.5% | 5th highest of 16 |
| Hurdle (Req g minus delivered) | -5.2 pp | +0.8 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | -15.5 pp | -4.5 pp | 5th lowest of 19 |
| Net debt / EBITDA | -105.3× | -0.2× | least indebted of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MongoDB MDB | United States | $25.2B | +4% | +25% | -1% | 44.7× | 27.9% | +33.1% |
| CoreWeave CRWV | United States | $25.6B | -59% | +115% | -3% | n/a | n/a | n/a |
| Zoom Communications ZM | United States | $26.2B | -18% | +5% | 24% | 14.7× | 5.8% | +12.9% |
| Samsara IOT | United States | $24.0B | +38% | +30% | 1% | 48.5× | n/a | n/a |
| Z.AI Co., Ltd. -H- Reg S 2513.HK | Hong Kong | $26.5B | -56% | +132% | -272% | n/a | n/a | n/a |
| Amadeus IT AMS.MC | Spain | $27.4B | +18% | +4% | 27% | 17.8× | 4.3% | +24.6% |
| Hithink RoyalFlush Information Network 300033.SZ | China | $22.9B | -14% | +48% | 56% | 32.7× | 37.1% | +16.3% |
| Bending Spoons BSP | United States | $27.9B | n/a | +95% | 21% | 25.6× | 45.5% | +94.7% |
| Unity Software U | United States | $22.7B | +83% | +14% | -14% | 49.4× | 33.5% | +19.1% |
| Okta OKTA | United States | $29.5B | +101% | +11% | 8% | 41.3× | 39.2% | +28.4% |
| PTC PTC | United States | $21.2B | +33% | +20% | 40% | 21.8× | 10.3% | +8.6% |
| Twilio TWLO | United States | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% | +23.5% |
| Toast TOST | United States | $20.1B | +38% | +22% | 7% | 20.9× | 28.6% | +49.5% |
| Cerebras Systems CBRS | United States | $20.1B | n/a | +91% | -81% | n/a | n/a | n/a |
| Zscaler ZS | United States | $32.2B | +30% | +25% | -4% | 40.5× | 20.7% | +37.9% |
| SS&C Technologies SSNC | United States | $18.2B | +13% | +9% | 24% | 10.2× | 6.9% | +6.1% |
| NBIS NBIS | United States | $35.2B | -8% | +461% | -49% | n/a | n/a | n/a |
| Gen Digital GEN | United States | $17.7B | +32% | +17% | 43% | 9.6× | 1.8% | +14.4% |
| F5, Inc. FFIV | United States | $17.7B | -12% | +11% | 24% | 17.1× | 9.7% | +5.6% |
| Circle Internet CRCL | United States | $17.3B | -40% | +26% | 13% | 68.1× | 23.2% | +52.7% |
| Atlassian TEAM | United States | $38.7B | +5% | +26% | 4% | 28.7× | 44.7% | +25.8% |
MongoDB reported $1.52B of remaining performance obligations at 31 Jul 2026, up 91% from a year earlier and up 4% from the previous quarter. That is 0.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.08.