Shares Rip 30% As MongoDB Gives Wall Street The Best “One Hour” It's Ever Had...

Today, Wall Street learned that selling shovels in a gold rush is still a pretty f*cking good business…

MongoDB just gave Wall Street the slap it’s been waiting for. Shares ripped 30% higher after the database shop beat across the board and actually guided up… a rare feat in 2025’s graveyard of enterprise software. 

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In short, the receipts are as follows: revenue mooned $591M, which is up 24% YoY, verses the $556M expected. Adjusted EPS came in at $1.00… a.k.a, a clean beat over the $0.66 whisper. Oh, and Atlas, Mongo’s cloud service, grew 29% and now accounts for the bulk of sales. Additionally, subscription revenue overall came in at $572M, up 23%. Translation: for a company that analysts had left for dead in the “AI will eat your lunch” camp… this is a BFD. 

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However, the real headline is this: 5,000 new customers in six months — the biggest first-half haul in company history. CEO Dev Ittycheria says most of them are “AI-native companies.” Translation: every VC-backed outfit trying to duct-tape a large language model to something mundane now needs a place to dump their data. MongoDB is happy to be the overpriced storage unit in that economy.

Which is why, Mongo felt they had the big swingin’ confidence to boost guidance. For context, Q3 revenue is now expected at $587M–$592M vs. Street at $583M. Full-year revenue is now expected to hit between $2.34B–$2.36B vs. the $2.29B consensus. And EPS is looking between $3.64–$3.73… which is up massively from June’s $2.94–$3.12 range. 

Live look at MongoDB’s CEO right now… 

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On the other hand, the bear case has been simple: generative AI eventually makes design, code, and yes, databases “smarter,” commoditizing Mongo’s seat-based pricing and forcing margins into the woodchipper. And yeah, maybe that day comes. But right now, AI is a demand accelerator, not a cannibal. Those “AI-native” startups aren’t saving money with clever automation… instead they’re torching capital on cloud workloads. Meaning, MongoDB snaps necks and cashes checks whether the bot works or not. 

As for the valuation, it’s definitely not cheap, but it’s definitely not nosebleed levels. MDB’s sitting around 7–8x EV/revenue today, below its long-run 14x average, and a few notes are hitching fair value to about 9x if the Atlas consumption story keeps compounding. If workloads keep eating compute, the multiple can stretch; if they stall, that 7–8x compresses fast.

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For more context, the stock had been down 8% YTD, 13% off the 12-month highs, caught in the downdraft of SaaS fatigue. This quarter just reset the narrative. Analysts like Barclays are already calling it “one of Mongo’s strongest quarters ever.” Meaning, the takeaway is this: MongoDB isn’t plumbing, it’s tolls. And in a world where every new AI startup is a highway to nowhere, toll operators still make money. Of course, do what you will with that information… and place your bets accordingly. Until next time, friends… 

At the time of publishing, Stocks.News does not hold positions in companies mentioned in the article.