MongoDB Inc. MDB
MongoDB Inc. scores average on business quality (5.8 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What MongoDB Inc. does
MongoDB sells modern document-based database software to developers and enterprises who need flexible data storage for complex applications. Revenue hits $2.8B as teams build on its cloud platform, Atlas.
- What it does best
MongoDB dominates document database flexibility, locking in developers with a 72.7% gross margin that beats Twilio's 48.6%. Its Atlas cloud platform creates deep developer habits that make migration costly.
- The main risk
A negative operating margin of -0.5% exposes the company to margin compression if enterprise customer acquisition costs outpace growth in software consumption.
Quality, check by check
Scored against its own industry, from company filings.
Gross margin sits at 72.7% with a free cash flow margin supporting $659.0M in cash generation, though operating margins hover near break-even at -0.5%.
Developer lock-in drives the moat, sitting in the top quartile with a 68th percentile gross margin. High switching costs protect workloads from quick rivals.
Revenue grew 22.8% to $2.8B, accelerating steadily from prior years as cloud consumption expands across the customer base.
Net cash of $2.4B backs the balance sheet while free cash flow reached $659.0M, showing software monetization is getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
No open market buys or unplanned sales by executives or directors.
Our sealed record on MDB
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
MongoDB Inc. scores average on the Cluenex quality check (5.8 of 10), measured against its own industry. Profitability is fair, moat fair, growth fast and financial health fair.
In the last 90 days of SEC Form 4 filings: No open market buys or unplanned sales by executives or directors.
Nov 30, 2026.
See MDB today
- Today's verdict on MDB, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “MongoDB Inc. (MDB)”, https://cluenex.com/stocks/mdb/, data as of Oct 10, 2026.