ATLAS
AI infrastructure software·US·New York, NY·#6 / 19 in segment·0.3% of segment mcap
$329.14
50.7% vs S&P 12m

Document database with vector search and Atlas multi-cloud distribution; AI-native developer workloads are a growth wedge.

AI agent applications often use Mongo as the flexible operational data store; growth durability vs. competition is the swing factor.

Products
  • Atlas
  • Atlas Vector Search
  • Community/Enterprise
Customers (1)
  • Developers globally
Competitors (3)
  • PostgreSQL ecosystem
  • DynamoDB
  • Couchbase

Composite score

Higher = stronger overall research case

61
Fundamental67
Technical65
Valuation50
AI relevance65
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 69

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: -15.8%6M RS: -14.4%12M RS: 50.7%Vol30d: 58%DD52w: -25.3%

Financial summary

Curated, illustrative

Revenue
$2.46B
Growth (YoY)
26.7%
Gross margin
71.7%
Operating margin
0.0%
FCF
$463.32M
Capex
$41.83M
Net cash / (debt)
$2.32B
ROIC
-2.4%
Customer conc.
Medium

Valuation

Market cap
$26.50B
Enterprise value
$24.17B
P/E (TTM)
Forward P/E
46.5x
EV / Sales
9.8x
EV / EBITDA
80.0x
P / FCF
57.2x
PEG
1.7x
Rule of 40
30.0%

Risks

Severity 1 (low) to 5 (severe)

  • 4
    Competition from hyperscaler vector DBs
  • 3
    Growth deceleration

Score components

What drove the composite

Growth81
Profitability30
Cash generation70
Balance sheet96
Moat / AI relevance75
Capital intensity (higher = lighter)80
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)65
Momentum (3/6/12m)50
Relative strength100
Realized vol (higher = lower vol)34