MDB
Market read
The latest filing evidence is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
Invalidation: The isolated read changes if MDB's group or a disclosed connection begins moving with it.
Research brief
The latest filing evidence is available. 0 of 0 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 10 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Research and Development Three Months Ended April 30, Change (unaudited, dollars in thousands) 2026 2025 $ % Research and development $ 200,409 $ 168,829 $ 31,580 19 % The increase in research and development expense was primarily driven by a $23.4 million in…”10-Q · May 29, 2026 ↗
“Our subscription gross margin declined to 76% due to an increase in subscription revenue from Atlas as a percentage of our total revenue.”10-K · Mar 11, 2026 ↗
“Operating Expenses Sales and Marketing Years Ended January 31, Change (in thousands) 2026 2025 $ % Sales and marketing $ 944,389 $ 871,148 $ 73,241 8 % The increase in sales and marketing expense was primarily driven by a $41.1 million increase in commissions…”10-K · Mar 11, 2026 ↗
“hases were not made pursuant to a publicly announced plan or program.”10-Q · May 29, 2026 ↗
Valuation discipline
Price/sales 11.5× · EV/sales 11.1×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:45 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for MDB. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-29 against the comparable filing from 2025-06-04.
No thresholded deterioration was identified.
“Cost of Revenue, Gross Profit and Gross Margin Percentage Three Months Ended April 30, Change (unaudited, dollars in thousands) 2026 2025 $ % Subscription cost of revenue $ 164,907 $ 129,585 $ 35,322 27 % Services cost of revenue 26,534 28,456 (1,922) (7) % Total cost of revenue 191,441 158,041 33,400 21 % Gross profit $ 496,175 $ 390,973 $ 105,202 27 % Gross margin 72 % 71 % Subscription 75 % 76 % Services (24) % (62) % The increase in subscription cost of revenue was primarily due to a $28.5 million increase in third‑party cloud infrastructure costs, including costs associated with the growth of Atlas and an increase of $3.1 million in personnel costs.”
“Operating Expenses Sales and Marketing Three Months Ended April 30, Change (unaudited, dollars in thousands) 2026 2025 $ % Sales and marketing $ 249,334 $ 220,923 $ 28,411 13 % The increase in sales and marketing expense was primarily driven by a $9.7 million increase in personnel costs, a $8.2 million increase in travel-related expenses due to internal travel for our annual sales kickoff event, a $7.5 million increase in commissions, and a $6.1 million increase in spend on in-person events and digital marketing programs.”
“The decrease in services cost of revenue was primarily due to a decrease in third-party consultant costs related to the delivery of consulting and training services.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“We have expanded our global partner ecosystem with Alibaba Cloud and Tencent Cloud to offer an authorized MongoDB-as-a-Service solution in China, allowing their customers to easily adopt and consume our hosted solution.”
“Built for resilience, scale, and security, Atlas is available in more than 130 regions worldwide across all three major cloud providers (Amazon Web Services (“AWS”), Google Cloud Platform (“GCP”) and Microsoft Azure), enabling our customers to leverage the be…”
Depended on by
“Our principal competitors include: • For Search & AI: providers of traditional search offerings, such as Algolia, Apache Solr (open source offering), and Coveo; native vector databases, such as Pinecone, Qdrant, and Weaviate; database platforms with integrate…”
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
MDB is currently a Follower in the organic co-movement group Unknown Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for MDB; it is not active in the latest market snapshot.
Context history
No durable theme membership has been observed for this name yet.