MongoDB, Inc.

MDB

MongoDB, Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for MongoDB, Inc.

R40: 49 · Q2 FY2027 $28.44B
$348.61
About

MongoDB, Inc. provides a general-purpose developer data platform. Products include MongoDB Community and Enterprise Server and MongoDB Atlas, a multi-cloud database-as-a-service, plus related search, vector, stream-processing, and application services used to build modern applications. Revenue is primarily subscription-based.

History ↓ Leadership ↓

News

Coverage

See all news → MDB feed

Open MDB Rule of 40 details
Median 41.4 Above 40 0–40 Below 0
29
Q3
24
FY2025 Q4
42
Q1
36
Q2
41
Q3
52
FY2026 Q4
54
Q1
49
FY2027 Q2 40 0 Mix
ANALYST RATINGS
Buy $455
Consensus as of Sep 3, 2026
MDB
Evercore ISI Outperform $525
Maintains
2026-09-02
Goldman Sachs Buy $520
Maintains
2026-09-02
Truist Financial Buy $475
Reiterates
2026-09-02
Rosenblatt Securities Buy $445
Maintains
2026-09-02
Scotiabank Outperform $440
Maintains
2026-09-02

See all 7 ratings →

Forward model

Where the revenue goes next

MDB FORWARD MODEL $307.41 −12%
Revenue

Latest: $772M (Q2 FY2027)

Period Value
Q3 FY2021 $151M
Q4 FY2021 $171M
Q1 FY2022 $182M
Q2 FY2022 $199M
Q3 FY2022 $227M
Q4 FY2022 $266M
Q1 FY2023 $285M
Q2 FY2023 $304M
Q3 FY2023 $334M
Q4 FY2023 $361M
Q1 FY2024 $368M
Q2 FY2024 $424M
Q3 FY2024 $433M
Q4 FY2024 $458M
Q1 FY2025 $451M
Q2 FY2025 $478M
Q3 FY2025 $529M
Q4 FY2025 $548M
Q1 FY2026 $549M
Q2 FY2026 $591M
Q3 FY2026 $628M
Q4 FY2026 $695M
Q1 FY2027 $688M
Q2 FY2027 $772M
EPS

Latest: $0.50 (Q2 FY2027)

Period Value
Q3 FY2021 −$1.22
Q4 FY2021 −$1.25
Q1 FY2022 −$1.04
Q2 FY2022 −$1.22
Q3 FY2022 −$1.22
Q4 FY2022 −$1.26
Q1 FY2023 −$1.14
Q2 FY2023 −$1.74
Q3 FY2023 −$1.23
Q4 FY2023 −$0.93
Q1 FY2024 −$0.77
Q2 FY2024 −$0.53
Q3 FY2024 −$0.41
Q4 FY2024 −$0.77
Q1 FY2025 −$1.10
Q2 FY2025 −$0.74
Q3 FY2025 −$0.13
Q4 FY2025 $0.19
Q1 FY2026 −$0.46
Q2 FY2026 −$0.58
Q3 FY2026 −$0.02
Q4 FY2026 $0.18
Q1 FY2027 $0.05
Q2 FY2027 $0.50
P/E Ratio

Latest: 475.3 (Q2 FY2027)

Period Value
Q3 FY2021 n/m
Q4 FY2021 n/m
Q1 FY2022 n/m
Q2 FY2022 n/m
Q3 FY2022 n/m
Q4 FY2022 n/m
Q1 FY2023 n/m
Q2 FY2023 n/m
Q3 FY2023 n/m
Q4 FY2023 n/m
Q1 FY2024 n/m
Q2 FY2024 n/m
Q3 FY2024 n/m
Q4 FY2024 n/m
Q1 FY2025 n/m
Q2 FY2025 n/m
Q3 FY2025 n/m
Q4 FY2025 n/m
Q1 FY2026 n/m
Q2 FY2026 n/m
Q3 FY2026 n/m
Q4 FY2026 n/m
Q1 FY2027 n/m
Q2 FY2027 475.3
Free Cash Flow

Latest: $139M (Q2 FY2027)

Period Value
Q3 FY2021 −$14M
Q4 FY2021 −$19M
Q1 FY2022 $10M
Q2 FY2022 −$21M
Q3 FY2022 −$8M
Q4 FY2022 $19M
Q1 FY2023 $9M
Q2 FY2023 −$47M
Q3 FY2023 −$7M
Q4 FY2023 $25M
Q1 FY2024 $53M
Q2 FY2024 −$26M
Q3 FY2024 $36M
Q4 FY2024 $52M
Q1 FY2025 $63M
Q2 FY2025 −$2M
Q3 FY2025 $35M
Q4 FY2025 $25M
Q1 FY2026 $108M
Q2 FY2026 $72M
Q3 FY2026 $142M
Q4 FY2026 $178M
Q1 FY2027 $199M
Q2 FY2027 $139M
Shares

Latest: 82M (Q2 FY2027)

Period Value
Q3 FY2021 59M
Q4 FY2021 60M
Q1 FY2022 61M
Q2 FY2022 63M
Q3 FY2022 66M
Q4 FY2022 67M
Q1 FY2023 68M
Q2 FY2023 68M
Q3 FY2023 69M
Q4 FY2023 70M
Q1 FY2024 70M
Q2 FY2024 71M
Q3 FY2024 72M
Q4 FY2024 72M
Q1 FY2025 73M
Q2 FY2025 74M
Q3 FY2025 74M
Q4 FY2025 85M
Q1 FY2026 81M
Q2 FY2026 81M
Q3 FY2026 81M
Q4 FY2026 86M
Q1 FY2027 82M
Q2 FY2027 82M
Cumulative FCF

Latest: $917M (Q2 FY2027)

Period Value
Q3 FY2021 −$117M
Q4 FY2021 −$136M
Q1 FY2022 −$127M
Q2 FY2022 −$148M
Q3 FY2022 −$156M
Q4 FY2022 −$137M
Q1 FY2023 −$128M
Q2 FY2023 −$176M
Q3 FY2023 −$183M
Q4 FY2023 −$158M
Q1 FY2024 −$105M
Q2 FY2024 −$131M
Q3 FY2024 −$94M
Q4 FY2024 −$42M
Q1 FY2025 $21M
Q2 FY2025 $18M
Q3 FY2025 $54M
Q4 FY2025 $78M
Q1 FY2026 $187M
Q2 FY2026 $258M
Q3 FY2026 $400M
Q4 FY2026 $579M
Q1 FY2027 $778M
Q2 FY2027 $917M
Earnings coverage

Latest earnings

See all MDB earnings → Investor relations →

Background

Company History

Exchange
NASDAQ
IPO Date
Oct 19, 2017
Shares Outstanding
81.6M
2007
Founded as 10gen

Started in New York by former DoubleClick engineers building a platform-as-a-service; the database beneath it became the product.

2009
MongoDB released as open source

The document database is published under an open-source licence and spreads through developers rather than procurement departments.

2016
Atlas launches

The managed cloud service arrives and begins the shift from selling licences and support to selling consumption.

2017
NASDAQ IPO at $24

Lists on 19 October 2017 at $24.00 a share, raising about $175 million net.

2018
The SSPL licence change

Adopts the Server Side Public License to stop cloud providers offering MongoDB as a service without contributing back.

2025
Convertible notes retired and the first profits

Repays roughly $1.14 billion of convertible senior notes, ending fiscal 2025 debt-free, and posts its first profitable quarters.

2025
Dev Ittycheria hands over to CJ Desai

After eleven years as chief executive Ittycheria steps down on 9 November; Desai takes over the next day and stays on the board as an advisor.

Leadership

Key Players

Chirantan "CJ" Desai
President, CEO & Director
Chirantan "CJ" Desai
Took over from founder-era CEO Dev Ittycheria on 10 November 2025 after his predecessor's eleven years. Came from Cloudflare, where he ran product and engineering, and before that ServiceNow, where he was President and COO. Has spent his first year arguing MongoDB is infrastructure that benefits from AI rather than application software threatened by it.

The CEO view — 10 podcasts, interviews & articles →

Michael Berry
Chief Financial Officer
CFO since May 2025, previously EVP and CFO of NetApp for five years and CFO of McAfee before that. Owns the guidance that has twice reset the stock hard.
Jim Scharf
Chief Technology Officer
Seventeen years at AWS as an early employee, finishing as VP of AWS Identity and previously general manager of DynamoDB — the product MongoDB competes with most directly.
Ryan Mac Ban
Chief Revenue Officer
Joined from Confluent, where he ran go-to-market for another consumption-priced cloud platform; earlier at UiPath, VMware and Cisco.
Tom Killalea
Chairperson of the Board Board
Board chair since July 2019 and another Amazon alumnus; chaired through the November 2025 chief-executive handover.
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Institutional

Funds we follow holding MDB

By latest reported 13F position value. Market value at quarter-end, not cost basis.