Skip to main content

MongoDB, Inc.

Independent Editorial Analysis
5 historical events · Editorial analysis

MongoDB Company Profile: Revenue, Business Model & Strategy

Research depth: 5 milestones · 10 FAQs

MongoDB, Inc. (NASDAQ: MDB) is a database software company founded in 2007 and led by CEO CJ Desai. It reported $2.464B in fiscal 2026 revenue, had 5,636 employees at January 31, 2026, and grew Q2 fiscal 2027 revenue 30% to $771.8M.

How MongoDB makes money: MongoDB runs a developer-led, open-core model. The free Community Server (source-available under the SSPL since 2018) drives adoption.

Annual Revenue (FY2026)$2.5B
Employees5,636
CEOChirantan "CJ" Desai
Founded2007
IndustryCloud Computing
By Swet ParvadiyaLast reviewed:
Share

MongoDB, Inc. key figures

MongoDB, Inc. had revenue of $2.5B for fiscal year 2026, up 22.8% from FY2025. Net loss was $71.2M, a net margin of -2.9%.

Source: MONGODB, INC. annual report (Form 10-K, SEC EDGAR, filed 2026-03-11) · Last reviewed October 2026

Revenue growth, FY2017 to FY2026
+40.6% a year
Compound annual rate, $114.8M to $2.5B
Peak revenue year
FY2026
The latest annual year is the highest in this series
Revenue per employee
$437,153
FY2026 revenue divided by 5,636 employees; headcount may use another date
Current chief executive
Chirantan "CJ" Desai
In the role since 2025 (1 year)
Documented transactions
4
Between 2014 and 2025
Founded
2007
19 years ago
Where was MongoDB founded?
MongoDB was founded in New York, New York in 2007.
When did MongoDB start?
MongoDB was founded in 2007.
How old is MongoDB?
MongoDB is 19 years old as of 2026.
In-Depth Analysis
490 words · 3 min read

MongoDB was founded in 2007 in New York City by experienced software engineers Dwight Merriman, Eliot Horowitz, and Kevin Ryan (who had previously built the major internet advertising giant DoubleClick). The foundational premise of MongoDB was born from prominent, painful personal frustration. For decades, the global software industry was dominated by relational databases (primarily Oracle and MySQL). These legacy databases stored data in rigid, strict "rows and columns" (like a spreadsheet). The founders realized that modern web applications were dynamic and complex; constantly forcing flexible code into a rigid table was slow and inefficient.

The NoSQL Revolution (The Document Database)

The founders invented an influential concept: the "document database" (NoSQL). Instead of rigid rows, MongoDB stored amounts of data as flexible "JSON-like" documents. If a developer wanted to add a new "field" to a user's profile, they didn't have to shut down the database and execute a dangerous, large structural migration; they simply added the new code. This, elegant flexibility was a prominent revelation for software developers. The open-source version of MongoDB spread virally across the global developer community, quickly becoming the core default database for modern, agile web startups.

The Monetization Crisis and MongoDB Atlas

While MongoDB achieved prominent, rapid global adoption, the company faced a large, existential financial crisis: how do you generate multi-billion-dollar corporate profits from software you give away for free? Early attempts to sell complex "enterprise licenses" were slow and difficult. The defining, core world-altering strategic maneuver occurred in 2016 with the launch of "MongoDB Atlas." Atlas is a considerable Database-as-a-Service (DBaaS). MongoDB essentially said to corporate clients: "We will host, secure, and manage the entire complex database in the cloud for you." The launch of Atlas saved the company, transforming it into a lucrative, vast cash-generating SaaS leader.

The Open Source License War (SSPL)

As Atlas became a financial success, MongoDB faced an aggressive, new threat: Amazon Web Services (AWS). cloud leaders like AWS began simply taking the free, open-source code of MongoDB and offering it as a paid service to their own clients, essentially stealing profits without contributing back to the code. In a controversial, aggressive defensive maneuver in 2018, MongoDB changed its software license (to the SSPL). This aggressive legal move explicitly forbade considerable cloud providers from offering MongoDB as a service without buying a strong commercial license, protecting their large Atlas monopoly.

The AI Data Moat

Today MongoDB is valued at tens of billions of dollars, but it must constantly defend its turf against aggressive, substantial legacy leaders (like Oracle and Microsoft). The undisputed, rapid future growth engine for MongoDB is Artificial Intelligence. advanced Generative AI models require large, unstructured data to function. Because MongoDB is specifically designed to store major amounts of unstructured, complex "documents," the company is positioning itself as the, indispensable foundational database for the prominent global AI revolution, desperate to prove it is not just a trendy startup, but a permanent pillar of global digital infrastructure.

MongoDB, Inc. Key Facts

CompanyMongoDB, Inc.
Annual revenue change+22.8% (FY2025–FY2026)
Financials$2.5B (FY2026, last reviewed October 2026)
Market Cap$30.1B
FY2026 net incomeloss $71.2M
Last reviewedBy Swet Parvadiya, Founder & Editor - October 2026
Founded2007
Founder(s)Dwight Merriman, Eliot Horowitz, Kevin Ryan
CEOChirantan "CJ" Desai
HeadquartersNew York, New York, United States
IndustryDatabase Software and Cloud Data Platform
Employees5,636+

MongoDB Company Profile: Revenue, Business Model & Strategy

"MongoDB began with a developer frustration: relational databases were powerful, but often too rigid for fast-changing web applications."

Why MongoDB, Inc. Wins

MongoDB wins through developer mindshare, flexible document data modeling, Atlas cloud convenience, integrated search and vector features, and deep application switching costs.

MongoDB, Inc. operates in a competitive market alongside Oracle Corporation, Microsoft Corporation, Amazon.com, Inc., Snowflake Inc., Datadog, Inc., Salesforce, Inc.. Analysts frequently compare MongoDB, Inc. and Oracle Corporation due to their overlapping products, target markets, and strategic positioning.

MongoDB, Inc. (NASDAQ: MDB) is a database software company founded in 2007 and led by CEO CJ Desai. It reported $2.464B in fiscal 2026 revenue, had 5,636 employees at January 31, 2026, and grew Q2 fiscal 2027 revenue 30% to $771.8M.

Revenue

$2.5B

Founded

2007

Employees

6K+

Market Cap

$30.1B

Explore MongoDB In Depth

Detailed research across every dimension of MongoDB — history, financials, leadership, and strategy.

Related Company Comparisons

CorpDigest Research Desk

Research Profile

Our analysts compile business strategy profiles from public financial filings, press releases, and analyst reports. Each profile is reviewed for accuracy before publication by our editorial desk and updated on a rolling basis.

Frequently Asked Questions About MongoDB

What is MongoDB, Inc.?

MongoDB, Inc. (NASDAQ: MDB) is a New York-based database software company that develops the MongoDB document database and MongoDB Atlas, a managed data platform on AWS, Google Cloud, and Microsoft Azure. It reported $2.464B in fiscal 2026 revenue.

How does MongoDB make money?

Mostly from subscriptions. MongoDB Atlas charges customers based on database consumption and produced $565.9M of Q2 fiscal 2027 revenue. Enterprise Advanced self-managed subscriptions and other subscription revenue added $181.2M, and professional services $24.6M.

Who is the CEO of MongoDB?

Chirantan "CJ" Desai has been president and CEO since November 2025. He was previously president of product and engineering at Cloudflare and before that a senior product executive at ServiceNow. He succeeded Dev Ittycheria, CEO from 2014 to 2025. Mike Berry is chief financial officer.

Who owns MongoDB?

MongoDB is publicly traded on Nasdaq under the ticker MDB, so it is owned by its shareholders, mainly institutional investors such as index and mutual fund managers. Its market capitalization was about $30B in September 2026.

Who are MongoDB's competitors?

Main competitors include Oracle, Microsoft (Azure Cosmos DB, SQL Server), Amazon Web Services (DynamoDB, DocumentDB), Google Cloud, PostgreSQL-based vendors, Couchbase, and dedicated vector databases such as Pinecone.

When and by whom was MongoDB founded?

MongoDB was founded in 2007 in New York as 10gen by Dwight Merriman, Eliot Horowitz, and Kevin Ryan. It open-sourced the database in 2009 and renamed itself MongoDB, Inc. in 2013.

How many employees and customers does MongoDB have?

MongoDB had 5,636 employees at January 31, 2026 and more than 70,600 customers at July 31, 2026, up from about 59,900 a year earlier.

What does the name MongoDB mean?

The name comes from the word 'humongous', reflecting the goal of handling very large volumes of data.

What is the difference between SQL and MongoDB?

Unlike traditional SQL databases that use strict tables and rows, MongoDB is a NoSQL database that stores data in flexible, JSON-like documents, making it much easier for developers to scale and iterate.

Who founded MongoDB?

MongoDB was founded in 2007 (originally as 10gen) by Dwight Merriman, Eliot Horowitz, and Kevin Ryan, the same team behind DoubleClick.

Analysis: How MongoDB, Inc. Makes Money

Deep dive into the MongoDB, Inc. business model, revenue streams, and strategic moats in 2026.

Competitor Benchmarking

Compare MongoDB, Inc. With

Financial data on this page is sourced from SEC EDGAR filings, official earnings releases, and verified press statements. Revenue figures are reviewed and updated periodically. Read our full data methodology ->

Primary source: www.sec.gov/Archives/edgar/data/1441816/000162828026016799/m

Explore More Brand Histories

This corporate intelligence report on MongoDB, Inc. compiles data from verified filings. Explore more detailed brand histories and company histories in the global Database Software and Cloud Data Platform marketplace.

Editorial Methodology

Company Research

We use company filings, annual reports, company statements and press reports, with primary sources preferred where available. Each financial row shows its recorded source. Full-year figures are separated from annualized run-rates, partial periods and forecasts; unaudited figures carry a label. Source detail varies by company, so check the linked material when the reporting basis matters.

1. Primary Sources

Public companies may provide filings and annual reports. Private-company figures may come from statements or press coverage. A missing figure stays missing, and a source link should identify where its number came from.

2. Expert Curation

We organize company records and review claims for strategic context, source quality and clarity. Pages show a review date where one is recorded.

3. Multi-Pass Audit

Technical checks flag inconsistent figures and missing links. Editorial review of the underlying source remains necessary for claims those checks cannot verify.

Swet Parvadiya
SEC filings & public records methodology
Sourced from public financial records

Explore Related Pages for MongoDB, Inc.

Sources & References

Cite This Page

Automatically generated citations for researchers.

APA Format

CorpDigest. (2026). MongoDB, Inc. from https://corpdigest.com/company/mongodb

MLA Format

CorpDigest. "MongoDB, Inc." CorpDigest, 2026, https://corpdigest.com/company/mongodb.

Chicago Format

CorpDigest. "MongoDB, Inc." CorpDigest. 2026. https://corpdigest.com/company/mongodb.

Related Competitor Intelligence

Compare market positioning with top industry peers

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.