MongoDB vs Supabase: Revenue, Profit and Business Model
MongoDB reported $2.5B of revenue in FY2026 and a net loss of $71.2M. Supabase reported $170M of revenue in FY2026 and — of net income.
Latest financial snapshot
Financial summary
MongoDB
MongoDB grew revenue from $114.8M in fiscal 2017 to $2.464B in fiscal 2026 while narrowing GAAP losses from a peak of $345.4M in fiscal 2023 to $71.2M in fiscal 2026. Profitability improved further in fiscal 2027: Q2 revenue reached $771.8M (up 30%), GAAP operating income was $28.4M, non-GAAP operating margin hit 24%, and free cash flow nearly doubled to $137.6M. The company held $2.4B in cash and investments at July 31, 2026 and raised full-year fiscal 2027 revenue guidance to $2.99B to $3.03B.
Supabase
Supabase is private and does not publish financial statements. Its valuation climbed from about $2 billion (Series D, April 2025) to $5 billion (Series E, October 2025) and $10.5 billion post-money (Series F, June 2026), with total funding of roughly $1 billion. Research firm Sacra estimates ARR rose from about $101 million at the end of 2025 to $170 million in May 2026; the company has not confirmed these figures. Growth is driven by AI app builders: database launches grew 600% in the year to June 2026.
Revenue and profit by year
MongoDB
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $2.5B | -$71.2M | -2.9% | +22.8% | Source |
| FY2025 | $2B | -$129.1M | -6.4% | +19.2% | Source |
| FY2024 | $1.7B | -$176.6M | -10.5% | +31.1% | Source |
| FY2023 | $1.3B | -$345.4M | -26.9% | +47.0% | Source |
| FY2022 | $873.8M | -$306.9M | -35.1% | +48.0% | Source |
| FY2021 | $590.4M | -$266.9M | -45.2% | +40.0% | Source |
| FY2020 | $421.7M | -$175.5M | -41.6% | +57.9% | Source |
| FY2019 | $267M | -$99M | -37.1% | +60.8% | Source |
| FY2018 | $166M | -$84M | -50.6% | +44.6% | Source |
| FY2017 | $114.8M | -$70.1M | -61.0% | — | Source |
Supabase
| Year | Revenue | Net income | Margin | Growth | Source |
|---|---|---|---|---|---|
| FY2026 | $170M | — | 0.0% | +68.3% | Source |
| FY2025 | $101M | — | 0.0% | — | Source |
Where the revenue comes from
MongoDB
- MongoDB Atlas
Managed cloud database revenue driven by consumption of compute, storage, backup, search, and related services.
- Enterprise Advanced
Self-managed enterprise subscriptions, support, and advanced database capabilities.
- Professional services
Consulting, training, migration, and technical enablement for customers.
- Search and AI platform features
Additional Atlas usage from search, vector search, stream processing, and data services.
Supabase
No segment breakdown is published.
Business model and strategy
MongoDB
How it makes money
MongoDB runs a developer-led, open-core model. The free Community Server (source-available under the SSPL since 2018) drives adoption. Revenue comes from MongoDB Atlas, a fully managed service on AWS, Google Cloud, and Microsoft Azure billed on consumption of compute, storage, and data transfer; from MongoDB Enterprise Advanced, a self-managed subscription with security, management tooling, and support;
Growth strategy
Under CEO CJ Desai, MongoDB is positioning itself as a data platform for AI applications: Atlas Vector Search, Voyage AI embedding and reranking models (acquired in 2025), and tooling that connects coding agents to operational data. It also pursues migrations off relational databases and sells a 'run anywhere' approach spanning self-managed Enterprise Advanced and multi-cloud Atlas.
Competitive advantage
MongoDB's advantage rests on developer familiarity with the document model, the ability to run the same database self-managed or on any of the three largest clouds, integrated search and vector search inside Atlas, and high switching costs once applications are built on it. Its customer base grew from about 54,500 in January 2025 to more than 70,600 in July 2026.
Supabase
How it makes money
Supabase operates an open-core, product-led cloud SaaS and managed infrastructure subscription model built on PostgreSQL. While the core codebase is free and open-source, the company monetizes managed cloud hosting across tiered plans: a Free tier for developer prototyping; a Pro tier starting at $25/month per organization with included compute credits;
Growth strategy
Supabase grows bottom-up. A free tier and open-source code bring developers in, Launch Weeks keep it in the news, and paid plans plus usage fees capture revenue as apps scale. Since 2025 the biggest channel has been AI coding tools that provision Supabase automatically; the company says more than 60% of new databases now come from such tools.
Competitive advantage
Supabase's core competitive advantages include its uncompromising commitment to open-source PostgreSQL (zero proprietary database lock-in), native Row Level Security (RLS), instant PostgREST API generation, real-time Elixir/Phoenix WebSocket cluster, first-mover leadership in pgvector for AI applications, and notable open-source community goodwill.
Questions about MongoDB vs Supabase
Which company has higher revenue — MongoDB, Inc. or Supabase?
MongoDB, Inc. reported $2.5B (FY2026), while Supabase reported $170.0M (FY2026). By last reported revenue, MongoDB, Inc. is the larger business, with Supabase reporting a smaller revenue base.
What is the market cap of MongoDB, Inc. vs Supabase?
MongoDB, Inc.'s market capitalisation stands at $30.1B, while Supabase's is $10.5B. MongoDB, Inc. carries the higher market valuation, reflecting investors' expectations of its future earnings power relative to Supabase.
Which is more financially efficient — MongoDB, Inc. or Supabase?
MongoDB, Inc. generates $437k / employee in revenue per employee, while Supabase generates $440k / employee. Supabase shows higher revenue efficiency per headcount, though this reflects business model differences — capital-light software companies routinely outperform labour-intensive manufacturers on this metric.
How do MongoDB, Inc. and Supabase make money?
MongoDB, Inc. and Supabase generate revenue in fundamentally different ways. MongoDB, Inc.: MongoDB runs a developer-led, open-core model. Supabase: Supabase operates an open-core, product-led cloud SaaS and managed infrastructure subscription model built on PostgreSQL.
Which company is valued higher relative to revenue — MongoDB, Inc. or Supabase?
On a price-to-sales (P/S) basis, MongoDB, Inc. trades at 12.2x P/S and Supabase at 61.8x P/S. Supabase commands a higher revenue multiple, typically indicating that investors expect faster growth or higher future margins compared to MongoDB, Inc.. A higher multiple is not inherently better — it may also signal that the stock is priced for perfection.
Is MongoDB, Inc. bigger than Supabase?
By last reported revenue, MongoDB, Inc. ($2.5B (FY2026)) is the larger company compared to Supabase ($170.0M (FY2026)). Revenue scale is one dimension of size — market capitalisation, employee count, and geographic reach are also relevant depending on the context.
Figures come from each company's filings and the sources linked beside them. Amounts reported in another currency are shown in US dollars at an approximate rate and marked with ~. Back to the MongoDB vs Supabase overview