MongoDB, Inc. (MDB) AI Stock Analysis

NASDAQ: MDBAI research summary: business, growth, valuation, analysts, bull and bear case.

MDB AI stock analysis summary

AI Research

MongoDB, Inc. (MDB) is a leading provider of commercial database platforms, including its multi-cloud database-as-a-service solution MongoDB Atlas. Over the trailing twelve months, the company generated $2.78B in revenue with quarterly revenue expanding 30.5% year-over-year. While MongoDB delivered $500.2M in free cash flow in FY2026, its trailing P/E multiple stands at 468.8x amid slim trailing profit margins of 2.1%.

Market cap
$27.15B
Revenue (TTM)
$2.78B
P/E
468.8x
fwd 70.4x
1Y return
7.4%
S&P 500 16.8%
Avg. target
$449.74
33.2% vs last close

Bull case

  • Revenue expanded 30.5% year-over-year in the quarter ended July 31, 2026, significantly outpacing the US-listed Technology peer median growth rate of 11.6%.
  • Free cash flow generation strengthened considerably in FY2026, rising to $500.2M from $120.6M in FY2025.
  • The balance sheet provides substantial financial flexibility with $2.38B in net cash and a current ratio of 4.87.

Bear case

  • The stock trades at an elevated valuation with a trailing P/E of 468.8x and an EV/EBITDA of 278.5x.
  • Trailing profitability remains thin, evidenced by an operating margin of 3.7% and a profit margin of 2.1%.
  • Dilution has been ongoing, with the company's total share count expanding 23.5% over the past 5 years.

What MongoDB does

MongoDB, Inc. is a provider of versatile database platforms founded in 2007 and based in New York. The company offers MongoDB Enterprise Advanced, a commercial database server for cloud, on-premise, and hybrid setups. Its flagship MongoDB Atlas product delivers a multi-cloud database-as-a-service platform across major cloud providers. In addition, MongoDB provides the Community Server, a free version designed to encourage developer adoption. The company supports its software offerings with professional services, including consulting and technical training, to help organizations optimize their database management practices.

Growth and profitability

MongoDB increased its annual revenue from $873.8M in FY2022 to $2.46B in FY2026, delivering a 5-year revenue CAGR of 33.1%. Revenue growth was 22.8% in FY2026, rebounding from 19.2% in FY2025. Operating margin improved from -33.1% in FY2022 to -5.6% in FY2026, while net margin narrowed from -35.1% to -2.9% as net losses reduced to -$71.2M. Diluted EPS reached $4.97 in FY2026. For the trailing twelve months ended July 31, 2026, revenue totaled $2.78B, operating margin stood at 3.7%, and profit margin reached 2.1%. In the latest quarter, revenue grew 30.5% year-over-year, while quarterly earnings rose 2.2%.

MDB income statement →

Balance sheet and cash flow

As of July 31, 2026, MongoDB held $2.41B in cash and short-term investments against total debt of $28.6M, yielding net cash of $2.38B. The company maintained strong liquidity with a current ratio of 4.87 and a debt-to-equity ratio of 0.01. Operating cash flow reached $505.1M in FY2026, supporting $500.2M in free cash flow after capital expenditures of $5.0M. During FY2026, MongoDB allocated $400.3M toward share buybacks, while its share count expanded 23.5% over 5 years.

MDB balance sheet →

Valuation and performance

MongoDB carries a market capitalization of $27.15B and an enterprise value of $32.12B. The stock trades at a trailing P/E of 468.8x and a forward P/E of 70.4x, well above the median of its US-listed Technology peers at 28.1x and 18.8x, respectively. Its price-to-sales multiple of 9.8x and EV/EBITDA of 278.5x also trade at premiums to peer medians of 2.8x and 16.6x. Over the past year, MDB shares gained 7.4%, underperforming the 16.8% return of the S&P 500, while falling 31.4% over 5 years compared to an 83.0% gain for the index.

MDB key metrics →

What analysts expect

Wall Street sentiment reflects 23 Strong Buy, 8 Buy, and 9 Hold recommendations, with zero Sell or Strong Sell ratings. The mean price target is $449.74, representing 33.2% upside from the last closing price of $337.57. For the fiscal year ending January 31, 2027, consensus estimates project revenue of $3.03B and EPS of $6.54, implying 31.6% EPS growth. In FY2028, 39 analysts anticipate revenue of $3.60B and EPS of $7.85. MongoDB has topped EPS estimates in 3 of the last 4 quarters, with its next earnings date scheduled for December 7, 2026.

MDB forecast and price target →

Key risks and what to watch

  • Stock volatility remains high with a beta of 1.75 and a year-to-date return of -19.6%.
  • Substantial research and development spending, which reached $716.3M in FY2026, could pressure margins if revenue growth moderates.
  • Execution risk exists around reaching full-year analyst projections of $3.03B in revenue and $6.54 in EPS for the year ending January 31, 2027.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this MDB AI stock analysis

This page is an AI-written research summary of MongoDB, Inc. (MDB). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: MDB income statement, MDB balance sheet, MDB key metrics, MDB analyst forecast, MDB chart. See the MDB stock overview for the latest quote and news.

MDB AI stock analysis FAQ

Does MongoDB pay a dividend?

MongoDB does not pay a dividend. Capital is reinvested into operations and share repurchases, which totaled $400.3M in FY2026.

What is MongoDB's current cash position?

As of July 31, 2026, MongoDB held $2.41B in cash and short-term investments against $28.6M in total debt, resulting in a net cash position of $2.38B.

When does MongoDB report its next financial results?

MongoDB's next earnings report is scheduled for December 7, 2026.

What is the consensus analyst price target for MDB?

The mean analyst price target is $449.74, which represents a 33.2% premium over its last closing price of $337.57.

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