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5 Interesting Learnings from MongoDB at $1.5 Billion in ARR

SaaStr

That’s about as good as it gets in SaaS and Cloud! 2022 Saw a Slowdown in Usage Growth, But 2023 Saw a Potential Bounce Back. These days many are relying on upselling their existing base and raising prices to keep top line growth growing. And here you can see the magic in Mongo’s business model.

Scale 194
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MongoDB at $1.5B in Revenue — An Epic Growth Story

SaaStr

While many less efficient public SaaS companies are trading at tough multiples of 3-4x ARR, and the average is about 6x ARR, MongoDB is almost 20x ARR. 1 — 2022 Saw A Slowdown In Usage Growth, But 2023 Saw A Potential Bounce Back. Even with MongoDB’s epic growth, 2022 saw a big slowdown in usage growth. But you know what isn’t?

Revenue 209