# MongoDB, Inc. Class A (MDB) — Stock CV

MongoDB, Inc. is a $31.1B technology company. Revenue grew 25.5% over the last year, it keeps 2¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 527.9× earnings — around the middle of its own history.

> Founded in 2007, MongoDB is a vendor of a document-oriented database that accelerates the development processes of new applications. Enterprise customers can choose between the fully managed offering, MongoDB Atlas, or the self-managed version, MongoDB Enterprise Advanced.

## Identity

- **Ticker**: MDB
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: NEW YORK, NY
- **Employees**: 5 783
- **Website**: https://www.mongodb.com
- **Market cap**: $31.1B
- **Last price**: $385.90
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $2.78B
- **Net income**: $58.9M
- **Free cash flow**: $659M
- **Net cash**: $2.32B
- **P/E**: 527.9
- **Revenue growth (YoY)**: 25.5%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 22 |
| Growth | 50 |
| Profitability | 11 |
| Health | 75 |
| Quality | 71 |
| Moat | 25 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +25.5% YoY
- [x] Profitable — $58.9M TTM
- [x] Profit growing — +44.9% YoY
- [x] Generates cash — $659M TTM
- [x] Debt under control — more cash than debt
- [x] Established company — $31.1B market cap
- [ ] Not printing shares — +15.1% shares over ~5y
- [ ] Proven track record — 0/9 profitable years
- [x] Financially stable — Altman Z 23.9 — safe
- [ ] Valuation not extreme — P/E 527.9

## Experience (career milestones)

- **FY2023** — Revenue crossed $1B: $1.28B for the year
- **Jun 29, 2021** — A secondary public offering was held on June 29, 2021
- **2019** — The following year, in 2019, MongoDB acquired a mobile-focused database company called Realm for $39 million
- **2018** — The company abandoned AGPL licensing of its product and in its stead introduced the Server Side Public License
- **2016** — The company introduced a SaaS version of the product, called Atlas
- **2014** — MongoDB acquired database engine company WiredTiger in 2014, followed by database-as-a-service company MLab for $68…
- **Aug 27, 2013** — 10gen announced that it would change its name to MongoDB Inc., associating itself more closely…
- **2009** — 10gen released MongoDB as an open source project
- **2007** — The company was first established in 2007 as 10gen

## Strengths

- High gross margin (72.7%)
- Revenue growing 25.5% year over year
- Strong cash conversion — FCF is 23.7% of revenue
- Net cash position after subtracting debt from cash
- Altman Z-Score 23.89 — low bankruptcy-risk zone

## Watch-outs

- Thin interest coverage (-28.2×)
- Loss-making in 9 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2022 | $874M | -$307M | -$1.09M |
| FY2023 | $1.28B | -$345M | -$20.2M |
| FY2024 | $1.68B | -$177M | $115M |
| FY2025 | $2.01B | -$129M | $121M |
| FY2026 | $2.46B | -$71.2M | $500M |

---

Source: https://stockcv.com/MDB — derived from company filings; may be delayed or incomplete. Information, not investment advice.