MongoDB, Inc.

MongoDB, Inc.

MDBInfrastructure

MongoDB makes a modern database platform built around flexible, document-oriented storage.

Key figures

Data as of Jul 2026 · Pills compare vs Apr 2026
ARR Multiple
9.7x
+0.9x
ARR
$3.1B
+12.2%
YoY Growth
30.5%
+5.3pp
Market Cap
$30.1B
+10.5%
Revenue (Q)
$772M
+12.2%
Gross Margin
73.8%
+1.7pp
Op. Margin
3.7%
+7.3pp
Rule of 40
34.2
+9.9
Magic Number
1.35
+1.47

Revenue, margins & ratios from SEC filings; market cap & ARR multiple from market data. Market cap & ARR multiple use the close of 13 Oct 2026; their pills compare vs the Jul 2026 quarter-end (8.8x).

Valuation by quarter

Current ARR Multiple: 8.8x· Forward at Q3 FY2027 guidance: 9.0x

Calculated valuation

FRAMEWORK EST.
Valuation data is not available for this company.

Strategy recommendations

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AI Replacement RiskLOW
6/ 100
LowModerateElevatedHigh

Estimated likelihood that general-purpose AI replaces this product.

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Why this rating

From the AI Risk Calculator model

Structural moats (regulation, integration depth, or proprietary data) make AI-only replacement unlikely in the near term.

What's driving the score
InfrastructureCategory baseline
low base
Workflow complexity5/5
-12 risk
Data moat3/5
-1 risk
Integration depthHigh
-10 risk
SegmentEnterprise
-8 risk
IndustryOther
neutral
Own AI integration2/5
+1.6 risk

Company overview

MongoDB makes a modern database platform built around flexible, document-oriented storage. Dwight Merriman, Eliot Horowitz, and Kevin Ryan founded it in 2007 in New York City. MongoDB pioneered the document model as an alternative to rigid relational databases, and it's become one of the most widely adopted databases for modern application development.

The core product is the MongoDB database. You can use it as a fully managed cloud service called MongoDB Atlas, or run it yourself with Enterprise Advanced and the free Community Edition. Instead of storing data in traditional rows and columns, MongoDB uses flexible JSON-like documents. For developers, this means working with objects in application code feels natural. No complex object-relational mapping needed. The database supports rich queries, indexing, aggregation, transactions, and horizontal scaling through automatic sharding.

Atlas is the flagship cloud service, available on AWS, Azure, and Google Cloud across over 100 regions. It handles provisioning, scaling, patching, backup, and disaster recovery automatically. The platform has expanded into a full developer data platform with Atlas Search for full-text search, Atlas Vector Search for AI and semantic search, Atlas Stream Processing for real-time events, Atlas Data Federation for querying across sources, and Atlas Device Sync for mobile and edge synchronization.

The go-to-market combines product-led growth with enterprise sales. Developers start with the free Community Edition or Atlas free tier, build a project, and usage spreads across the organization as more applications get built on the platform. It's a classic land-and-expand pattern.

Atlas revenue, now over 68% of total revenue, is consumption-based. Enterprise Advanced sells as annual subscriptions. Total revenue is roughly $2.8 billion annually with gross margins around 74%. Net revenue retention has historically exceeded 120%.

The AI play centers on Atlas Vector Search. It lets developers build AI applications using retrieval-augmented generation by storing and querying vector embeddings alongside regular operational data. This positions MongoDB as a unified database for both traditional apps and AI-powered features.

With about 5,400 employees and over 70,000 customers, MongoDB has become a go-to database for modern development. People use it for everything from mobile apps to enterprise systems to AI applications.

Entity information

Industry7372: Services-Prepackaged Software
Fiscal YearJan 31
IncorporatedDelaware
Phone(866) 237-8815
Address1633 BROADWAY, 38TH FLOOR, NEW YORK, NY, 10019
Mailing address1633 BROADWAY, 38TH FLOOR, NEW YORK, NY, 10019
EIN00-0000000
Entity typeoperating
SEC industry framework06 Technology
Former names10GEN INC (to 2013-10-17)

SaaS KPIs

Reported in at least 3 quarters

Total Customers

26 quarters
70,600+
Q2 FY2027+4.3%

MongoDB Atlas Customers

25 quarters
69,300+
Q2 FY2027+4.4%

Direct Sales Customers

23 quarters
over 7,000
Q3 FY2026-4.1%

Free Cash Flow

23 quarters
$197.5M
Q1 FY2027+11.8%

Net ARR Expansion Rate

23 quarters
122%
Q2 FY2027+1.0pp

Customers over $100K ARR

21 quarters
2,799
Q4 FY2026+9.2%

Management outlook

Given with Q2 FY2027 results (Jul 2026)
ReportedGuidance

Guided revenue, Q3 FY2027$756.0M – $761.0M
Midpoint$758.5M
Growth vs Q2 FY2027-1.7%
Growth vs Q3 FY2026+20.7%
Q3 FY27
GAAP Income (Loss) from Operations$(14.5) million to $(10.5) million
Non-GAAP Income from Operations$152.0 million to $156.0 million
GAAP Net Income per Share$0.00 to $0.05
Non-GAAP Net Income per Share$1.57 to $1.61
Full Year FY27
Revenue$2.99 billion to $3.03 billion
GAAP Income (Loss) from Operations$(28.0) million to $(8.0) million
Non-GAAP Income from Operations$616.3 million to $636.3 million
GAAP Net Income per Share$0.53 to $0.77
Non-GAAP Net Income per Share$6.39 to $6.58

Quarterly financials

Left axis in $ (Revenue, Gross profit, Net income, S&M); right axis for ratios (Rule of 40, Magic number). Click a legend item to toggle it.

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