MongoDB, Inc.
mongodb.comWhat Do They Do?
Provides a database and related data services that organizations use to build and run software applications.
10-K for FY2026, filed Mar 11, 2026MongoDB is the developer data platform company whose mission is to empower developers to create, transform, and disrupt industries by…View ↗
The foundation of our platform is the world’s leading, modern general purpose database. Built on our unique document-based architecture…View ↗
Our customers can implement our developer data platform as a managed service offering, or they can choose a self-managed option. Atlas is…View ↗
How Do They Make Money?
Atlas customers pay based on database use, often monthly; Enterprise customers buy subscriptions usually billed upfront for a year; consulting and training fees are based on time and materials as work is done.
10-K for FY2026, filed Mar 11, 2026Atlas is our hosted multi-cloud database-as-a-service (“DBaaS”) offering, which we run and manage in the cloud, and includes comprehensive…View ↗
MongoDB Enterprise Advanced is our proprietary commercial database server offering for enterprise customers that can run in the cloud…View ↗
The Company’s services contracts are generally provisioned on a time-and-materials basis. Revenue is recognized as the services are…View ↗
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10-K for FY2026, filed Mar 11, 2026
FY2026 revenue by product or service ↗
$2.5B
-
10-K for FY2026, filed Mar 11, 2026
$2.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Atlas-related
Usage-based
10-K for FY2026, filed Mar 11, 2026 |
73%
FY2023: 63%
|
Atlas-related, FY2026
$1.8B Sources
|
Usage-based |
|
Other subscription
Mix
10-K for FY2026, filed Mar 11, 2026 |
23%
FY2023: 33%
|
Other subscription, FY2026
$578.1M Sources
|
Mix |
|
Services
Sold outright
|
3.2%
FY2023: 3.8%
|
Services, FY2026
$77.8M Sources
|
Sold outright |
Who Are Their Customers?
Organizations of all sizes use the platform, with direct sales focused on larger enterprises. Developers may start with free tools before organizations become paying customers through self-service, direct sales, or channel partners.
10-K for FY2026, filed Mar 11, 2026Our sales and marketing teams work together closely to drive awareness and adoption of our platform, accelerate customer acquisition and…View ↗
To drive developer awareness of, engagement with, and adoption of our platform, we created our Community Server and Atlas free tier…View ↗
The Company sells subscriptions directly through its field and inside sales teams and indirectly through channel partners, as well as…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $71.2M in FY2026, but brought in more cash than it spent: $500.2M of free cash flow.
10-K for FY2026, filed Mar 11, 2026
−$137MView ↗
10-K for FY2026, filed Mar 11, 2026
−$71.2MView ↗
10-K for FY2026, filed Mar 11, 2026
$500.2MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2027, filed Sep 1, 2026
$40.9MView ↗
- ▲ Now profitable
- vs −$47M in Q2 FY2026
10-Q for Q2 FY2027, filed Sep 1, 2026
Open tableView ↗
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Sep 1, 2026
Raised full-year fiscal 2027 guidance
The company said the higher second-half outlook was mainly due to Atlas.
Sources
8-K, filed Sep 1, 2026
Raising full year fiscal 2027 guidance, with H2 raise mainly due to AtlasView ↗
Growing. Revenue grew 2.8x in 4 years, from $873.8M in FY2022 to $2.5B in FY2026, about 30% a year.
More AI-focused capabilities
The latest report describes vector search, stream processing and encrypted-data search as platform capabilities, alongside capabilities listed in the older report.
10-K for FY2023, filed Mar 17, 2023 10-K for FY2026, filed Mar 11, 2026Search. Extends the developer interface for working with the database to search operations, simplifying the development of rich search…View ↗
Search. Extends the developer interface for working with the database to seamlessly implement relevance-based search operations…View ↗
Who Do They Compete With?
Competes with IBM, Microsoft, Oracle, AWS, and GCP
10-K for FY2026, filed Mar 11, 2026We primarily compete with established legacy database software providers such as IBM, Microsoft, Oracle and other similar companies. We…View ↗
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