Is this database platform built for scale?
MongoDB builds database software used to store, search, and manage application data. It offers a document-oriented database platform that developers use to run modern applications, alongside related tools and services. The business is closely tied to ongoing usage, deployments, and expansion of customer workloads on its platform. With a market value around USD 28.4 billion, it sits in the large-cap end of publicly traded software.
Can strong revenue growth offset persistent losses?
FundamentalsFor the year ended January 31, 2025 (reported in USD), revenue reached about USD 2.0 billion, growing 19.2% year over year. The cost structure shows up clearly in margins: gross margin stayed high at 71.97% TTM, while operating margin was -4.16% and net profit margin was -1.12% over the same trailing period.
On the balance sheet, cash was USD 490.1 million at period end. Depreciation and amortization was modest at USD 11.8 million, keeping the non-cash add-back relatively small in the context of the revenue base.
Is the market overpaying for endurance?
DCF / MultiplesAt USD 352.56, the stock price sits far above the DCF’s fair value outcome, which is negative across all modeled scenarios. That setup sits alongside a 10.87 price-to-sales multiple, where a lot of endurance is already embedded in the revenue stream the business can sustain.
Optimism exceeds financial reality
TakeawayThe stock price treats durability as a solved problem. That only holds if growth stays resilient and losses fade. High gross margin helps, but it has not delivered profits yet. If growth slows, the valuation can reset quickly. This looks like a mispricing built on optimism, not cash.