$MDB reported earnings on May 28, 2026. The headline numbers show a company still growing fast at the top line but struggling to convert that growth into meaningful profit expansion.
Revenue grew 26.7% year-over-year — a strong clip for an enterprise software company of this size. At a market cap of $23.88B and a current price of $296.67, the market is clearly paying for that growth. The forward P/E of 41.6x reflects expectations that earnings will catch up to the revenue trajectory.
The problem is the bottom line. EPS grew just 2.2% year-over-year. That gap between 26.7% revenue growth and 2.2% earnings growth is wide, and it points to cost pressure eating into the incremental revenue dollar. Whether that's headcount, infrastructure, sales and marketing spend, or some combination, the result is the same: MongoDB is not yet translating its top-line momentum into operating leverage at scale.
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Rentabilidad de los índices, repaso de las selecciones y los mayores cambios de puntuación, cada domingo. Sin relleno.
The trailing P/E is not available in our current data. For the live figure, check the $MDB page at acceinvestments.com.
$MDB pays no dividend, so total return depends entirely on price appreciation.
What it means
The ACCE score for $MDB currently sits at 44 out of 100. That puts it in the lower half of our scoring range, which factors in fundamentals, momentum, and valuation. A forward P/E of 41.6x is a meaningful premium, and a score of 44 suggests the current price already prices in a lot of the growth story.
The analyst consensus target is $358.82, which represents meaningful upside from the current price of $296.67. But analyst targets are forward-looking and depend heavily on guidance and margin trajectory — two things we don't have full visibility into from this data alone. We don't have guidance commentary from this earnings report to assess whether management sees the cost structure improving.
The core tension with $MDB right now is straightforward: the business is growing quickly, the market is paying a premium for that growth, but earnings are barely moving. Until operating leverage shows up more clearly in the EPS line, the 41.6x forward multiple requires a lot of confidence in future margin expansion.
For the current price and updated ACCE score, visit acceinvestments.com/stocks/MDB.
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