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MongoDB, Inc.

MDB

MongoDB, Inc. • NASDAQ
$332.37 ▲ 1.87% (+6.10)
Market Cap $27.04 B
52w High $385.44
52w Low $140.78
Dividend Yield 0%
P/E -357.39
Volume 886.61K
Outstanding Shares 81.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $591.402M ▲ $485.268M ▲ $-47.048M ▼ -7.955% ▼ $-0.58 ▼ $-32.136M ▼
Q1-2026 $549.014M ▲ $444.527M ▲ $-37.626M ▼ -6.853% ▼ $-0.46 ▼ $-23.198M ▼
Q4-2025 $548.398M ▲ $417.945M ▼ $15.826M ▲ 2.886% ▲ $0.2 ▲ $11.901M ▲
Q3-2025 $529.375M ▲ $421.92M ▲ $-9.776M ▲ -1.847% ▲ $-0.13 ▲ $1.797M ▲
Q2-2025 $478.109M $421.296M $-54.529M -11.405% $-0.74 $-42.415M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $2.345B ▼ $3.542B ▼ $599.087M ▲ $2.943B ▼
Q1-2026 $2.454B ▲ $3.624B ▲ $591.47M ▼ $3.033B ▲
Q4-2025 $2.337B ▲ $3.43B ▲ $648.069M ▼ $2.782B ▲
Q3-2025 $2.302B ▲ $3.225B ▲ $1.723B ▼ $1.502B ▲
Q2-2025 $2.265B $3.131B $1.768B $1.363B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-47.048M ▼ $72.105M ▼ $89.605M ▲ $-172.01M ▼ $-10.232M ▼ $71.568M ▼
Q1-2026 $-37.626M ▼ $109.929M ▲ $51.571M ▲ $-1.815M ▼ $167.685M ▲ $108.318M ▲
Q4-2025 $15.826M ▲ $50.538M ▲ $-246.316M ▲ $15.744M ▲ $-182.91M ▲ $24.559M ▼
Q3-2025 $-9.776M ▲ $37.438M ▲ $-653.401M ▼ $-580K ▼ $-616.817M ▼ $35.457M ▲
Q2-2025 $-54.529M $-1.398M $290.42M $188.036M $476.09M $-2.449M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
MongoDB Atlas Related
MongoDB Atlas Related
 $340.00M ▲$360.00M ▲$390.00M ▲$400.00M ▲
Other Subscription
Other Subscription
 $120.00M ▲$150.00M ▲$140.00M ▼$140.00M ▲
Service
Service
 $10.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement MongoDB has grown its revenue rapidly over the past five years, with sales climbing strongly every single year. Gross profit has risen alongside that growth, showing that the core business has attractive economics once revenue is in the door. However, the company still reports accounting losses at the operating and net income level. Those losses widened a few years ago and have since started to narrow, which suggests improving cost discipline and scale benefits, but the business is not yet consistently profitable on a GAAP basis. Overall: strong top-line momentum, improving but still negative earnings, and a business clearly investing heavily for growth.

Balance Sheet

Balance Sheet The balance sheet has strengthened meaningfully. Total assets have expanded steadily as the company has grown, and shareholder equity has moved from slightly negative to solidly positive, indicating a healthier capital base. Debt peaked a couple of years ago and is now very low, which reduces financial risk and interest obligations. Cash balances have moved around but remain meaningful, giving the company flexibility to keep investing through cycles. In plain terms, MongoDB looks financially sturdier today than it did a few years ago, with less leverage and a stronger equity cushion.

Cash Flow

Cash Flow Cash flow tells a more encouraging story than the income statement. Operating cash flow has shifted from slightly negative to clearly positive, and free cash flow has followed the same path, turning sustainably positive in recent years. Capital spending needs are relatively modest, which is typical for a software and cloud business and helps free cash flow. This pattern suggests that, even though reported earnings are still negative, the underlying business model is now generating real cash, a sign that unit economics and customer relationships are working in the company’s favor.

Competitive Edge

Competitive Edge MongoDB has carved out a strong niche as a flexible, developer-friendly database platform. Its document-based model fits modern applications well, and its managed cloud offering, Atlas, has become the centerpiece of its strategy. The company benefits from high switching costs once applications are built on its stack, a large and active developer community, and a broad ecosystem of tools and integrations. At the same time, it faces intense competition from cloud giants’ native databases and from other data platforms that are also pushing into modern application workloads. Overall, MongoDB holds a differentiated and respected position, but operates in a very competitive and fast-moving market where it must keep proving its value.

Innovation and R&D

Innovation and R&D Innovation is one of MongoDB’s main levers. The company has steadily evolved from a single database into a broader developer data platform, layering on services such as Atlas, mobile sync, search, and data lake capabilities. More recently it has moved aggressively into AI-related features, including vector search, tighter integration with AI models, and tools to simplify building AI-powered applications. The acquisition of Voyage AI and work on standard protocols for connecting databases to large language models are examples of this push. This ongoing R&D investment helps maintain its edge with developers but also keeps expenses high, so the payoff depends on MongoDB’s ability to turn these innovations into sticky, high-value usage over time.

Summary

MongoDB combines strong revenue growth, improving cash generation, and a much healthier balance sheet with a still-unfinished journey to consistent profitability. Strategically, it sits at the intersection of cloud, modern application development, and AI, with a platform that is well-liked by developers and hard to rip out once embedded. The main opportunities lie in expanding Atlas adoption, deepening its role in AI-driven applications, and continuing to monetize its ecosystem. The main risks are ongoing competitive pressure from larger cloud platforms, the need to continually innovate to stay relevant, and the challenge of balancing heavy R&D investment with the market’s expectations for profitability. Overall, it is a growth-driven, innovation-heavy business with clear strengths and equally clear execution demands.

NEWS

November 28, 2025 · 4:05 PM UTC

MongoDB, Inc. to Present at the UBS Global Technology and AI Conference, the 53rd Annual Nasdaq Investor Conference, and Barclays 23rd Annual Global Technology Conference

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November 20, 2025 · 4:05 PM UTC

MDB Capital Holdings Provides Third Quarter 2025 Update

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November 11, 2025 · 9:00 AM UTC

MDB Capital Holdings to Host Third Quarter 2025 Update Conference Call on Thursday November 20, 2025, at 4:30 p.m. Eastern Time

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November 4, 2025 · 4:05 PM UTC

MongoDB, Inc. Announces Date of Third Quarter Fiscal 2026 Earnings Call

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November 3, 2025 · 8:30 AM UTC

MongoDB Announces Leadership Transition

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