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MongoDB

MDB
34
Software - Infrastructure · Technology
Also trades as: 0KKZ.L
Price
$416.33
+17.53 (+4.40%)
Market Cap
$33.49B
Exchange
NASDAQ
Winston Score
34
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Aug 10, 2026 · filings through Apr 30, 2026

Share count rising — dilution

+25.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 64.6M (2022) → 81.2M (2026)

MongoDB makes software that helps companies store and manage large amounts of data. Instead of organizing data in traditional rows and columns like a spreadsheet, MongoDB uses a flexible format that makes it easier to build modern apps. Its main product is a database platform used by software developers at companies ranging from small startups to large enterprises like Toyota and Barclays.

MongoDB earns most of its revenue through subscriptions to its cloud-based service, called Atlas, which lets customers run databases without managing their own servers. The company operates globally, with customers in over 100 countries, and generates roughly $2 billion in annual revenue. Its competitive moat comes from developer loyalty — once engineers learn and build on MongoDB, switching to a different database is costly and time-consuming. The main risk is intense competition from cloud giants like Amazon, Google, and Microsoft, all of which offer their own competing database services and can bundle them cheaply with other cloud products.

Winston Score History

Politician Trades

10 trades / 12mo

4 Congressional buys and 6 sells on MDB in the last 12 months.

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Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+26.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

-5.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$716M/ year

Rising (+20% vs prior year)

29.1% of revenue

1.9x the sector average (15%)

Investing heavily in future products and technology

Insider Activity

2.6%ownership

Flat

Insider ownership roughly steady over the past year

Cash Position

Cash flow positive

$2.4B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

MongoDB grew revenue 27% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
72.2%
Premium pricing power — 72.2% gross margin
Operating Margin
-3.6%
Losing money on operations — -3.6%
ROCE
-0.8%
Weak — -0.8% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+23.6%
Fast-growing sales (+23.6% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
23.0%
Converts sales into free cash efficiently (23.0%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity
N/A
Data not available
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/A
Data not available
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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