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MongoDB
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Updated Oct 15, 2026
MongoDB appoints interim CEO with $15M RSU grant and 12-month service commitment through transition.
MongoDB formalized Dev Ittycheria's interim CEO appointment with a $15 million equity grant vesting quarterly through October 2027, a $500K sign-on bonus, and a contractual requirement to remain in service for at least twelve months after a permanent CEO arrives. The CFO received a $10 million retention award vesting through April 2028. Both grants signal management continuity concerns during a period of leadership transition and suggest the board is securing senior talent through the search for a permanent chief executive.
Tone: neutralRevenue
$2.5B
MDB 10-K · FY 2026
Employees
5,636
Revenue growth YoY
+23%
Founded
2007
Profile
MDB 10-K Item 1 · Mar 11, 2026MongoDB is a developer data platform company built around a modern, document-based general purpose database designed for performance, scalability, flexibility and reliability. Its flagship product, Atlas, is a fully managed multi-cloud database-as-a-service available across AWS, GCP and Azure in more than 130 regions worldwide. The company serves over 65,200 customers across more than 100 countries, generating 97% of revenue from subscriptions.
Read filing description ↓ Collapse description ↑
MongoDB is the developer data platform company whose mission is to empower developers to create, transform, and disrupt industries by unleashing the power of software and data. Our developer data platform is a globally distributed operational database integrated with a set of data services that allow development teams to address the growing variety of application requirements, all in a unified and consistent user experience. The foundation of our platform is the world's leading, modern general purpose database. Built on our unique document-based architecture, our database is designed to handle unstructured data and meet the needs of organizations for performance, scalability, flexibility and reliability while maintaining the strengths of relational databases. Our platform supports a broad range of workloads and offers our customers a host of features and services that complement our database offering, including Search, Vector Search, Time Series, Data Lifecycle, Application-Driven Analytics, Stream Processing and Queryable Encryption. Atlas, our managed multi-cloud DBaaS offering, is available in more than 130 regions worldwide across all three major cloud providers. In February 2025, we acquired Voyage AI Innovations, Inc., a pioneer in embedding and reranking models that improve data retrieval accuracy and reduce AI hallucinations. Our business model combines the developer mindshare and adoption benefits of open source with the economic benefits of a proprietary software subscription model. Community Server has been downloaded over 700 million times from our website since February 2009, and as of January 31, 2026, there were over 3.0 million MongoDB University registrations.
Primary products
- Atlas
- MongoDB Enterprise Advanced
- Community Server
- Atlas Search
- Atlas Vector Search
- Atlas Data Federation
Business segments
End markets
Geographies
Named competitors
“We primarily compete with established legacy database software providers such as IBM, Microsoft, Oracle and other similar companies. We also compete with public cloud providers that offer database functionality, such as AWS, GCP and Microsoft Azure as well as other database software providers.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total revenue grew 23% year-over-year, driven primarily by increased Atlas consumption from large existing customers as reflected in a net ARR expansion rate of 121% as of January 31, 2026.
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