MongoDB Inc. (NASDAQ: MDB)
Software - Infrastructure · New York, NY, United States · Founded 2007
- Market capitalization: $25.0 billion
- Annual revenue: $2.46 billion
- Net income: $-0.07 billion
- Employees: 5,200
- Sector: Technology
- Headquarters: New York, United States
- Founded: 2007
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MongoDB makes the most popular NoSQL database in the world, used by over 46,000 customers to build modern applications that require flexible, document-based data storage. The company's Atlas cloud database service has become the primary growth driver. Dev Ittycheria has been CEO since 2014. MongoDB is the database of choice for developers building applications that don't fit neatly into traditional relational tables.
Atlas (fully managed cloud database) generates the majority of revenue through consumption-based pricing u2014 customers pay for the storage and compute they use. Enterprise Advanced (self-managed) adds subscription revenue. Total revenue exceeds $1.8 billion annually. The developer community (MongoDB University, free tier) serves as a massive top-of-funnel acquisition channel.
Dwight Merriman, Eliot Horowitz, and Kevin Ryan founded 10gen (later renamed MongoDB) in 2007. The database was open-sourced and gained rapid developer adoption. IPO in October 2017 at $24 per share. MongoDB changed its license from AGPL to SSPL in 2018 to prevent cloud providers from offering MongoDB-as-a-service without contributing back. Atlas cloud revenue surpassed self-managed revenue in 2022.
| Market Capitalization | $25.0B |
| Annual Revenue | $2.46B |
| Net Income | $-0.07B |
| Profit Margin | -3% |
| Revenue per Employee | $473077K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | MDB |
Financial data is approximate and based on most recent annual filings.
The name "MongoDB" comes from "humongous" u2014 as in humongous amounts of data. The SSPL license change was controversial and sparked a broader debate about open-source business models. MongoDB's free tier on Atlas has been used by millions of developers for learning and prototyping.
MongoDB's developer mindshare is a powerful moat, and the Atlas cloud migration has transformed the business model u2014 but competition from cloud-native databases at AWS, Google, and Azure is intensifying.
What is MongoDB Inc.'s revenue?
MongoDB Inc. generates approximately $2.46 billion in annual revenue.
How many employees does MongoDB Inc. have?
MongoDB Inc. employs approximately 5,200 people worldwide.
What is MongoDB Inc.'s market cap?
MongoDB Inc. (MDB) has a market capitalization of approximately $25.0 billion on the NASDAQ.
When was MongoDB Inc. founded?
MongoDB Inc. was founded in 2007 and is headquartered in New York, NY, United States.
Who is the CEO of MongoDB Inc.?
Dev Ittycheria is the current CEO of MongoDB Inc..
What is MongoDB Inc.'s website?
MongoDB Inc.'s official website is mongodb.com.
| CEO | Dev Ittycheria |
| Sector | Technology |
| Industry | Software - Infrastructure |
| Founded | 2007 |
| HQ | New York, NY |
| Country | United States |
| Website | mongodb.com |
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