MongoDB (MDB) AI Stock Analysis

• Market Cap: $13.08B
• Dividend Yield: N/A
• Average Volume (3M): 3.16M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.98
• Revenue Growth: 19.22%
• EPS Growth: 28.46%
• Country: US
• Employees: 5,558
• Sector: Technology
• Sector Strength: 51
• Industry: Software - Infrastructure
• EPS (TTM): -1.79
• Shares Outstanding: 81,187,660
• 10 Day Avg. Volume: 3,098,269
• 30 Day Avg. Volume: 3,158,659
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 7.48
• Price to Cash Flow (P/CF): 95.80
• P/FCF Ratio: 92.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $293.26
• Price Target Upside: 80.76% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 30

MongoDB's overall stock score is driven by strong financial performance, particularly in revenue growth and cash flow, but offset by persistent net losses and negative ROE. Technical analysis indicates bearish market sentiment, while valuation metrics reflect challenges due to lack of profitability. The earnings call highlights both growth prospects and margin pressures, resulting in a balanced outlook.

Positive Factors

Acquisition

MDB's latest acquisition of Voyager.ai could further strengthen its strategic positioning in the DBMS market and growing AI presence.

Share Buyback

MongoDB announced a $200M share buyback to offset the dilutive impact of the Voyage AI acquisition.

Subscription Revenue

FQ4 subscription revenue of $531.0 million beat our $503.3 million estimate and grew 19.3% YOY.

Negative Factors

Investor Sentiment

MDB is removed from the Citi Focus List due to change in investor sentiment post F’4Q25 result and potential growth reacceleration that could take a few quarters longer.

Operating Margin Guidance

The weaker operating margin guidance is due to a smaller base of multi-year licenses revenue and increased investments in sales and R&D.

Revenue Guidance

MDB's FY26 revenue guidance disappointed as the company faces a headwind from non-Atlas multi-year renewals.

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 through a subscription-based model, primarily driven by its cloud-based database platform, MongoDB Atlas. Customers pay for access to the platform, which provides scalable and secure database management solutions. Additionally, MongoDB offers enterprise-grade licenses for on-premises deployments and professional services, including consulting and training, which contribute to its revenue streams. The company has established partnerships with major cloud providers like Amazon Web Services, Microsoft Azure, and Google Cloud, enhancing its distribution channels and enabling customers to integrate MongoDB into their existing cloud infrastructure. MongoDB's revenue is also supported by its extensive developer community, which drives adoption and expands its market reach.

MongoDB Financial Statement Overview

Summary

MongoDB shows strong revenue growth and improved cash flow generation, which are positive indicators of operational efficiency. Despite these strengths, persistent net losses and negative ROE highlight challenges in profitability. The improved balance sheet with reduced leverage and a strong equity base supports its financial stability.

Income Statement

MongoDB demonstrates robust revenue growth with a TTM revenue increase of approximately 19.2% from 2024 to 2025. However, the company continues to report net losses, evident in a negative net profit margin and EBIT margin. The gross profit margin remains strong at 73.2% in the TTM period, indicating efficient cost management relative to revenue.

Balance Sheet

The balance sheet reflects a strong equity position with an equity ratio of 81.1%, highlighting financial stability. The debt-to-equity ratio has significantly improved due to reduced debt levels, enhancing the company's leverage profile. Return on equity remains negative due to net losses, signaling underperformance in generating shareholder returns.

Cash Flow

MongoDB displays a positive trend in free cash flow, with a remarkable growth rate of 27.0% in the TTM period, signaling improved cash generation. The operating cash flow to net income ratio is positive, suggesting that cash flow generation is better than reported earnings, which is favorable for financial health.

Breakdown
Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 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
	EBIT
-216.06M	-233.73M	-346.65M	-289.36M	-209.30M
	EBITDA
-96.53M	-122.34M	-294.27M	-267.12M	-186.03M
	Net Income Common Stockholders
-129.07M	-176.60M	-345.40M	-306.87M	-266.94M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.34B	2.02B	1.84B	1.83B	957.74M
	Total Assets
3.43B	2.87B	2.59B	2.45B	1.41B
	Total Debt
36.50M	1.23B	1.18B	1.18B	979.17M
	Net Debt
-453.63M	424.72M	729.00M	709.41M	549.47M
	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
150.19M	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: 162.24
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• 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 162.24 is below the 20-day moving average (MA) of 177.40, below the 50-day MA of 224.68, and below the 200-day MA of 257.59, indicating a bearish trend. The MACD of -17.71 indicates Negative momentum. The RSI at 30.49 is Neutral, neither overbought nor oversold. The STOCH value of 13.53 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	79 Outperform	$15.09B	26.04	19.51%	―	3.02%	31.36%
AKAM	67 Neutral	$10.82B	22.69	10.66%	―	4.70%	-7.33%
CFLT	64 Neutral	$7.09B	―	-38.95%	―	24.03%	27.45%
YEXT	61 Neutral	$747.53M	―	-18.61%	―	4.11%	-935.85%
MDB	60 Neutral	$13.08B	―	-6.70%	―	19.22%	28.46%
Sector *	57 Neutral	$19.95B	9.66	-12.05%	2.76%	5.40%	-24.89%
BASE	57 Neutral	$807.65M	―	-57.86%	―	16.35%	14.27%

MongoDB Corporate Events

MongoDB Acquires Voyage AI to Enhance AI Capabilities

On February 24, 2025, MongoDB announced its acquisition of Voyage AI Innovations, a leader in embedding and reranking models for AI applications. This acquisition aims to enhance MongoDB’s capabilities in building trustworthy AI-powered applications by integrating Voyage AI’s technology, which addresses the challenge of AI model hallucinations. By improving information retrieval, MongoDB seeks to empower organizations to confidently apply AI to high-stakes use cases, thereby redefining database requirements for the AI era.