MongoDB(NASDAQ) MDB

MongoDB helps people build and run software applications. It provides a flexible way to store and manage digital data. This platform works on the cloud or on private computers.

Modern Tools for Data

• Atlas: Hosted cloud database service where the provider manages the software; accounted for 73% of revenue in the three months ended July 31, 2026.
• Enterprise Advanced: Commercial version of the database for corporate clients; represented 21% of subscription revenue in the six months ended July 31, 2026.
• Community Server: Free version of the database that developers can download to learn the platform.
• Professional Services: Consulting and training to help companies use the platform; accounted for 3% of revenue in the three months ended July 31, 2026.

How the Business Grows

• Released MongoDB version 8.0 in 2024 to improve security and performance.
• Introduced a feature within Atlas that lets developers use artificial intelligence models.
• Grew the customer base to over 70,600 organizations as of July 31, 2026.
• Authorized $1 billion in total share repurchases as of June 2025.

Global Reach and Innovation

The company serves customers in over 100 countries. Its software platform has been downloaded more than 800 million times since 2009.

The Latest Financial Performance

• Total revenue was $771.8 million in the three months ended July 31, 2026, up 30% year over year.
• Net income reached $40.9 million in the three months ended July 31, 2026.
• Cash and short-term investments totaled $2.4 billion as of July 31, 2026.
• The number of customers spending $100,000 or more rose to 2,999 as of July 31, 2026.

Bottom Line

MongoDB has shifted from a free software tool to a cloud-based data platform. It now supports large enterprise applications through both hosted and self-managed solutions.