How Does MongoDB Make its Money?
MongoDB is a database company best known for its document-oriented NoSQL database. Unlike traditional relational databases (Oracle, PostgreSQL), MongoDB stores data in flexible, JSON-like documents, making it popular with modern application developers. Revenue comes from two sources: Atlas (fully managed cloud database-as-a-service) and Enterprise Advanced (self-managed database software licenses and support).
MongoDB (MDB) Business Model
MongoDB operates in the cloud software sector. Below is a summary of MongoDB’s revenue streams, how the company generates income, and the key financial metrics from its most recent annual report. This breakdown uses data from MongoDB’s 2025 fiscal year filings with the SEC.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
MongoDB Competitors
MongoDB’s key competitors and comparable public companies in the cloud computing sector include Datadog, Snowflake, and Cloudflare. Each of these companies competes for market share, investor attention, and revenue in overlapping segments. See how MongoDB stacks up by comparing their revenue breakdown, margins, and growth metrics.
Revenue Breakdown
| Segment | FY2025 (Jan) | FY2024 (Jan) | YoY Growth |
|---|---|---|---|
| Atlas (Cloud) | $1.26B | $1.02B | +23.5% |
| Enterprise Advanced | $0.53B | $0.50B | +6.0% |
| Total Revenue | $1.92B | $1.68B | +14.3% |
Atlas — 66% of Revenue
MongoDB’s cloud database service, available on AWS, Azure, and GCP. Developers can spin up clusters in minutes with Atlas handling replication, scaling, backups, and security. Revenue is consumption-based — customers pay for the compute, storage, and data transfer they use.
Atlas also includes:
- Atlas Search: Full-text search engine (competing with Elasticsearch)
- Atlas Vector Search: For AI applications needing semantic search
- Atlas Stream Processing: Real-time data pipeline processing
- Atlas Data Federation: Query data across sources
Enterprise Advanced — 34% of Revenue
Self-managed MongoDB with enterprise features: advanced security, auditing, LDAP/Kerberos authentication, encrypted storage engine, and commercial support. Typically used by organizations with strict data sovereignty requirements or existing on-premise infrastructure.
Income Statement Overview
| Metric | FY2025 | FY2024 |
|---|---|---|
| Total Revenue | $1.92B | $1.68B |
| Gross Profit | $1.39B | $1.21B |
| Operating Income | -$0.08B | -$0.18B |
| Net Income | $0.03B | -$0.08B |
Key Financial Metrics
- Gross Margin: 72.4% — Healthy for a database company with managed cloud infrastructure costs. Atlas margins improve with scale.
- Operating Margin: -4.2% — Near breakeven. MongoDB has prioritized growth spending but is converging toward profitability.
- Atlas Revenue Growth: +23.5% — Atlas is growing 4x faster than Enterprise Advanced, pulling the overall mix toward higher-margin recurring cloud revenue.
- Free Cash Flow Margin: ~15% — Already free-cash-flow positive despite GAAP losses.
Is MongoDB Profitable?
Yes, MongoDB is profitable. The company reported net income of $0.03B on total revenue of $1.92B. With an operating margin of -4.2%, MongoDB demonstrates solid profitability for the cloud software sector. The gross margin of 72.4% reflects MongoDB’s pricing power and cost structure.
What to Watch
- Atlas consumption growth — As workloads scale and developers build more on MongoDB, Atlas revenue grows organically. The usage-based model means customer growth compounds over time.
- AI/vector search adoption — MongoDB Atlas Vector Search positions the company for the AI application wave. Developers building RAG (retrieval-augmented generation) apps need vector databases.
- Enterprise migration to Atlas — Converting self-managed Enterprise Advanced customers to Atlas increases revenue per customer and stickiness.
- Competition — AWS DocumentDB (MongoDB-compatible), PostgreSQL (increasingly adopted by startups), Couchbase, and other NoSQL databases all compete. The relational vs. document database debate continues.
- Consumption slowdowns — Like Datadog and Snowflake, MongoDB’s usage-based model means revenue can decelerate quickly if customers optimize workloads or reduce spending.
MongoDB (MDB) Financial Summary
MongoDB (MDB) is a cloud software company that generated $1.92B in total revenue in fiscal year 2025. The company earned $0.03B in net income, making it profitable. For a deeper look at MongoDB’s revenue breakdown, business segments, and financial performance, review the detailed analysis above.