Fundamental analysis · SEC EDGAR · TTM through 30/04/2026

Fundamental analysis of MongoDB, Inc.

MDB · Nasdaq · Technology

Fundamental quality

REASONABLE

64

out of 100

MongoDB, Inc. is in full growth mode but not yet profitable: revenue is growing strongly (32.7% a year), but it doesn't translate into earnings yet. On fundamental quality it scores 64 out of 100, profiling it as a company of reasonable quality. Its weakest area is its profitability (net margin -1.1%). Whether it's cheap or expensive depends on the current price, which you can compute in the tool.

What the company does

MongoDB develops the world's most popular document database, the modern alternative to Oracle's relational databases. Its real business is Atlas, the cloud version that charges by usage and now dominates its revenue.

What will shape its future

  • Atlas growth: its fate is tied to how much its customers' applications consume.
  • New AI applications, which need flexible databases like its own.
  • Competition from the cloud giants themselves, offering built-in imitations.

Breakdown by area

I.Growth
95

Revenue growth: 32.7%

II.Profitability
42

Net margin: -1.1% · ROE: -1%

III.Financial health
54

Net debt/EBITDA: 12.11x · FCF: 22.7%

Source: SEC EDGAR · TTM through 30/04/2026

The score combines growth, profitability and financial strength. Here its growth weighs in its favor, while its profitability drags it down the most.

Versus its sector

Percentile against the other 101 Technology companies in our coverage: how far it beats them on each metric (100 = best in sector).

Net marginbeats 10%
ROEbeats 12%
Growthbeats 86%
Cash generationbeats 51%
Less debtbeats 1%

Computed from the daily dataset scores. A high percentile places the company among the best in its sector on that metric; it is not a buy recommendation.

Key concepts

What do these metrics mean? Fundamental analysis · What is the P/E · What is EPS · What is ROE · Net & gross margin · Free cash flow

MongoDB, Inc. strengths

  • High gross margin (72%), pointing to pricing power.
  • Revenue growing strongly (32.7% annualized).
  • Excellent free-cash-flow generation (FCF margin of 22.7%): profit turns into real cash.
  • Revenue rising without interruption since 2021.

MongoDB, Inc. risks and weaknesses

  • Very high leverage (net debt of 12.11× EBITDA): more exposed to rates and to a rough patch.
  • No profits over the last twelve months (negative EPS).
  • Losses over the last twelve months (net margin of -1.1%).
  • Erratic free cash flow, with several years in the red.

MongoDB, Inc. historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021590-267-54-430
2022874-307-1-474
20231,284-345-20-456
20241,683-177115-803
20252,006-129121-490
20262,464-71500-1,084

Between 2021 and 2026, revenue went from $590M to $2,464M (+317%) and net income went from -$267M to -$71M (+73%).

Annual figures in millions of U.S. dollars ($M) per SEC filings. Net debt is total debt minus cash.

Latest results

Versus the same period a year earlier

Figures for the quarter ended April 30, 2026, versus the quarter ended April 30, 2025 (SEC filings):

  • Revenue+25.2%

Automatic comparison between the two most recent periods filed with the SEC. One quarter doesn't make a trend: read it alongside the historical evolution above.

Dividend

This company doesn't pay a dividend: it reinvests all its earnings back into the business.

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Is MongoDB, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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Frequently asked questions

Is MongoDB, Inc. a good company to invest in?

In terms of business quality, MongoDB, Inc. scores 64 out of 100 in our analysis, placing it as a company of reasonable quality. That said, this isn't a recommendation: whether it's a good investment also depends on its current price and your goals.

Is MongoDB, Inc. a profitable company?

Over the last twelve months, no: MongoDB, Inc. posts a negative net margin (-1.1%).

Does MongoDB, Inc. have a lot of debt?

Yes, its leverage is high: net debt is 12.11 times its EBITDA.

Is MongoDB, Inc. growing?

Its revenue has grown 32.7% annualized in recent years, and without interruption since 2021.

Does MongoDB, Inc. generate cash?

Yes. It converts about 22.7% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

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