MongoDB Inc (NASDAQ: MDB) is a database software company that provides a developer data platform built around its document-oriented database technology. Revenue comes primarily from subscriptions, split between Atlas, a cloud database-as-a-service offering billed on a consumption basis, and term licenses bundled with technical support, plus a smaller services segment covering consulting and training. Atlas usage is billed monthly in arrears or paid upfront, while term license contracts are typically billed annually in advance and are non-cancelable and non-refundable. The majority of subscription contracts are one year in duration. MongoDB operates a land-and-expand model: customers start with an initial workload and expand usage as applications grow or as additional workloads migrate to the platform. Cash provided by operating activities was $150.2 million for the year ended January 31, 2025. The company reported a net loss of $129.1 million for that same period, with $493.9 million in stock-based compensation. MongoDB was founded by developers and markets directly to the global software developer community. The board authorized up to $1.0 billion in share repurchases as of June 2025.

Revenue model

Subscription revenue from Atlas (consumption-based cloud database-as-a-service, billed monthly in arrears or upfront) and term licenses (license component recognized upfront, support ratably). Services revenue from consulting and training recognized over delivery period. Contracts are generally one year, non-cancelable, non-refundable, and billed annually in advance.

Products and services

MongoDB Atlas (database-as-a-service including Atlas Search, Atlas Vector Search, Atlas Data Federation, Atlas Charts, Atlas Stream Processing, and API access to Voyage AI embedding and reranking models), MongoDB term licenses with technical support, MongoDB version 8.0 (released 2024 with Queryable Encryption supporting equality and range searches), consulting services, training services.

Customers and end markets

Global software developers and enterprise IT organizations building and deploying applications. Customers span multiple lines of business and geographies. End markets include organizations migrating from legacy databases, modernizing IT infrastructure, and building AI-powered applications. No specific customer concentration percentages disclosed in the provided excerpts.

Value-chain role

Database platform vendor and cloud infrastructure provider sitting between application developers and underlying cloud or on-premises infrastructure. Contributes source code to open source projects and distributes software under open source and source-available licenses.

Geographic exposure

Global operations serving an international software developer and enterprise customer base. No specific regional revenue breakdown provided in the filing excerpts.

Source: SEC 10-K, filed 2026-03-11

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