MongoDB spent nine years turning itself inside out. In the year ended 31 January 2018 its hosted service was 6.8% of revenue and it sold licences for software customers ran themselves. In the year ended 31 January 2026 the hosted service was 73.4% of revenue, and by the first quarter of fiscal 2027 it was 75%. The financial consequence arrived last: in the fourth quarter of FY2026 MongoDB reported positive GAAP operating income for the first time in its history, and in the year as a whole it generated $500.2 million of free cash flow against a $137.0 million operating loss and bought back half a billion dollars of stock. Then, with the transition essentially complete, the board changed chief executive for the first time in eleven years. This is a full institutional-grade equity research report on MongoDB, Inc. (NASDAQ: MDB), built from seven Forms 10-K, the latest Form 10-Q, the May 2026 earnings release and the master financial workbook into eight structured chapters and 60 rebuilt charts.
Research Study
Purchase this study for full access, or subscribe to get every research study included — the entire catalogue, not one at a time, plus all premium content.