In the fast-evolving technology sector, MongoDB, Inc. and Veritone, Inc. stand out as innovative players within the software infrastructure industry. MongoDB specializes in versatile database platforms, while Veritone focuses on advanced artificial intelligence solutions. Both companies serve markets demanding cutting-edge technology and scalable solutions, making them worthy of comparison. In this article, I will analyze their strengths to help you decide which company holds the most promising potential for your investment portfolio.
Table of contents
Companies Overview
I will begin the comparison between MongoDB and Veritone by providing an overview of these two companies and their main differences.
MongoDB Overview
MongoDB, Inc. is a technology company specializing in software infrastructure. It offers a general-purpose database platform globally, including commercial and cloud-hosted solutions such as MongoDB Enterprise Advanced and MongoDB Atlas. Founded in 2007 and headquartered in New York City, MongoDB supports enterprises with database services and professional consulting and training.
Veritone Overview
Veritone, Inc. is a technology firm focused on artificial intelligence computing solutions, based in Denver, Colorado. It develops the aiWARE platform, an AI operating system leveraging machine learning and cognitive processes to extract insights from structured and unstructured data. Veritone serves diverse sectors including media, government, and energy, providing AI-driven analytics and media advertising services.
Key similarities and differences
Both MongoDB and Veritone operate in the software infrastructure industry, serving enterprise clients with technology solutions. MongoDB focuses on database management platforms, while Veritone emphasizes AI-powered data analytics and media services. MongoDB is substantially larger in market capitalization and employee count, reflecting a broader market presence compared to Veritone’s specialized AI offerings.
Income Statement Comparison
This table compares the key income statement metrics for MongoDB, Inc. and Veritone, Inc. for their most recent fiscal years, providing a snapshot of their financial results.
| Metric | MongoDB, Inc. (MDB) | Veritone, Inc. (VERI) |
|---|---|---|
| Market Cap | 32.5B | 225M |
| Revenue | 2.01B | 93M |
| EBITDA | -97M | -59M |
| EBIT | -124M | -88M |
| Net Income | -129M | -37M |
| EPS | -1.73 | -0.98 |
| Fiscal Year | 2025 | 2024 |
Income Statement Interpretations
MongoDB, Inc.
MongoDB’s revenue showed strong growth from 2021 to 2025, increasing from $590M to $2B, with net losses narrowing from -$267M to -$129M. Gross margins remained favorable around 73%, while EBIT and net margins stayed negative but improved. The 2025 fiscal year reflected solid revenue growth of 19.22% and margin improvements, signaling operational progress despite continued losses.
Veritone, Inc.
Veritone experienced fluctuating revenue, peaking at $150M in 2022 then declining to $93M in 2024. Net losses remained significant, though improving from -$65M in 2023 to -$37M in 2024. Gross margins were favorable near 70%, but EBIT and net margins were substantially negative. The latest year showed a revenue decline of 7.35%, though net margin and EPS growth were positive, indicating some efficiency gains.
Which one has the stronger fundamentals?
MongoDB demonstrates stronger fundamentals with consistent revenue growth and improving margins, supported by a stable gross margin above 70% and favorable interest expense levels. Veritone shows larger volatility and higher losses relative to revenue, with weaker EBIT and net margin profiles. MongoDB’s more favorable income statement metrics and growth trends suggest a stronger operational footing.
Financial Ratios Comparison
The table below presents a side-by-side comparison of key financial ratios for MongoDB, Inc. (MDB) and Veritone, Inc. (VERI) based on the most recent fiscal year data available.
| Ratios | MongoDB, Inc. (2025) | Veritone, Inc. (2024) |
|---|---|---|
| ROE | -4.64% | -277.91% |
| ROIC | -7.36% | -58.27% |
| P/E | -157.88 | -3.34 |
| P/B | 7.32 | 9.27 |
| Current Ratio | 5.20 | 0.97 |
| Quick Ratio | 5.20 | 0.97 |
| D/E (Debt-to-Equity) | 0.01 | 8.91 |
| Debt-to-Assets | 1.06% | 60.54% |
| Interest Coverage | -26.70 | -7.31 |
| Asset Turnover | 0.58 | 0.47 |
| Fixed Asset Turnover | 24.78 | 8.51 |
| Payout ratio | 0 | 0 |
| Dividend yield | 0 | 0 |
Interpretation of the Ratios
MongoDB, Inc.
MongoDB’s financial ratios reveal a mixed picture with more unfavorable indicators. The company shows weak profitability with negative net margin (-6.43%) and return on equity (-4.64%). Its liquidity is strong, reflected in a high quick ratio (5.2), but the current ratio is flagged as unfavorable. Debt levels are very low, supporting financial stability. MongoDB does not pay dividends, likely reflecting its reinvestment strategy and focus on growth.
Veritone, Inc.
Veritone’s ratios are largely unfavorable, marked by a deeply negative net margin (-40.36%) and poor returns such as ROE at -277.91%. Its liquidity ratios are weak, with a current ratio below 1 (0.97), and it carries high leverage (debt-to-assets 60.54%). Despite a favorable fixed asset turnover, the overall financial health appears strained. Veritone also pays no dividends, consistent with its high debt and ongoing investment in R&D and acquisitions.
Which one has the best ratios?
Comparing both, MongoDB exhibits a more balanced ratio profile with fewer unfavorable metrics and stronger liquidity. Veritone faces more significant challenges, including higher leverage, weaker profitability, and liquidity concerns. Overall, MongoDB’s ratios are less unfavorable, indicating relatively better financial stability in contrast to Veritone’s very unfavorable ratio assessment.
Strategic Positioning
This section compares the strategic positioning of MongoDB, Inc. and Veritone, Inc. regarding market position, key segments, and exposure to technological disruption:
MongoDB, Inc.
- Large market cap ($32.5B) in software infrastructure facing competitive pressure from cloud and database providers.
- Key segments include MongoDB Atlas multi-cloud DBaaS, other subscriptions, and professional services driving revenue growth.
- Positioned in general purpose database platforms with cloud and hybrid deployments, facing moderate technological disruption risks.
Veritone, Inc.
- Small market cap ($225M) in software infrastructure with high beta, indicating volatile and competitive environment.
- Diverse AI solutions plus media advertising services targeting media, government, legal, and energy verticals.
- Focused on AI computing solutions and AI operating system, exposed to rapid technological changes in AI and machine learning.
MongoDB, Inc. vs Veritone, Inc. Positioning
MongoDB has a more concentrated focus on database platforms and cloud services, benefiting from scale but facing competitive pressure. Veritone shows a diversified approach combining AI software and media services, which may spread risk but faces high volatility and evolving technology.
Which has the best competitive advantage?
Both companies are currently shedding value with ROIC below WACC. MongoDB’s profitability is increasing, indicating a slightly unfavorable moat, whereas Veritone’s declining ROIC reflects a very unfavorable moat with decreasing profitability.
Stock Comparison
The stock price movements of MongoDB, Inc. (MDB) and Veritone, Inc. (VERI) over the past year reveal contrasting trends and distinct trading dynamics worth examining.
Trend Analysis
MongoDB, Inc. experienced a bearish trend over the past 12 months with a price decline of 11.46%. The trend showed acceleration, hitting a high of 451.52 and a low of 154.39, alongside high volatility with a standard deviation of 72.49.
Veritone, Inc. showed a strong bullish trend over the same period with a 147.22% price increase, though the trend decelerated. Price ranged between 1.3 and 7.18, with low volatility at a standard deviation of 1.26.
Comparing the two, Veritone delivered the highest market performance with a significant price gain, whereas MongoDB faced a notable decline despite recent upward momentum.
Target Prices
The consensus target prices indicate optimistic outlooks for both MongoDB, Inc. and Veritone, Inc.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| MongoDB, Inc. | 500 | 375 | 445.2 |
| Veritone, Inc. | 10 | 9 | 9.5 |
Analysts expect MongoDB’s stock to appreciate from its current price of $399.76 toward the $445 consensus, while Veritone’s target suggests a significant upside from $4.45 to $9.5.
Analyst Opinions Comparison
This section compares analysts’ ratings and grades for MongoDB, Inc. and Veritone, Inc.:
Rating Comparison
MDB Rating
- Rating: C, status very favorable overall.
- Discounted Cash Flow Score: 2, indicating moderate valuation.
- ROE Score: 1, very unfavorable efficiency in generating profit.
- ROA Score: 1, very unfavorable asset utilization.
- Debt To Equity Score: 4, favorable financial risk management.
- Overall Score: 2, moderate financial standing.
VERI Rating
- Rating: C, status very favorable overall.
- Discounted Cash Flow Score: 5, indicating very favorable valuation.
- ROE Score: 1, very unfavorable efficiency in generating profit.
- ROA Score: 1, very unfavorable asset utilization.
- Debt To Equity Score: 1, very unfavorable financial risk management.
- Overall Score: 2, moderate financial standing.
Which one is the best rated?
Both MongoDB and Veritone share the same overall rating and moderate overall scores. Veritone has a significantly higher discounted cash flow score, while MongoDB shows stronger debt-to-equity management, indicating mixed strengths and weaknesses between the two.
Scores Comparison
Here is a comparison of the Altman Z-Score and Piotroski Score for MongoDB, Inc. and Veritone, Inc.:
MDB Scores
- Altman Z-Score: 30.24, indicating a safe zone status
- Piotroski Score: 4, representing average financial strength
VERI Scores
- Altman Z-Score: -0.07, indicating a distress zone
- Piotroski Score: 3, representing very weak financial strength
Which company has the best scores?
Based on the provided data, MDB shows a significantly stronger Altman Z-Score, indicating better financial stability, while its Piotroski Score is slightly higher than VERI’s, reflecting moderately better financial health.
Grades Comparison
The following is a comparison of the latest available grades for MongoDB, Inc. and Veritone, Inc.:
MongoDB, Inc. Grades
Below is a summary of recent grades assigned to MongoDB, Inc. by leading grading firms:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Barclays | Maintain | Overweight | 2026-01-12 |
| Needham | Maintain | Buy | 2026-01-12 |
| Truist Securities | Maintain | Buy | 2026-01-07 |
| Needham | Maintain | Buy | 2026-01-06 |
| RBC Capital | Maintain | Outperform | 2026-01-05 |
| Argus Research | Maintain | Buy | 2025-12-04 |
| Goldman Sachs | Maintain | Buy | 2025-12-03 |
| Citigroup | Maintain | Buy | 2025-12-03 |
| Canaccord Genuity | Maintain | Buy | 2025-12-02 |
| Piper Sandler | Maintain | Overweight | 2025-12-02 |
Overall, MongoDB, Inc. shows a consistent pattern of positive grades, predominantly Buy and Overweight recommendations across multiple reputable firms.
Veritone, Inc. Grades
Below is a summary of recent grades assigned to Veritone, Inc. by recognized grading companies:
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| D. Boral Capital | Maintain | Buy | 2025-12-09 |
| D. Boral Capital | Maintain | Buy | 2025-12-04 |
| Needham | Maintain | Buy | 2025-12-02 |
| D. Boral Capital | Maintain | Buy | 2025-12-02 |
| D. Boral Capital | Maintain | Buy | 2025-11-07 |
| D. Boral Capital | Maintain | Buy | 2025-10-28 |
| HC Wainwright & Co. | Maintain | Buy | 2025-10-20 |
| D. Boral Capital | Maintain | Buy | 2025-10-15 |
| D. Boral Capital | Maintain | Buy | 2025-09-24 |
| D. Boral Capital | Maintain | Buy | 2025-09-09 |
Veritone, Inc. consistently holds Buy ratings from a smaller set of firms, with D. Boral Capital providing the majority of recent assessments.
Which company has the best grades?
MongoDB, Inc. has received more numerous and varied positive grades from a broader range of reputable firms, indicating stronger analyst confidence. This diversity and consistency may suggest greater market recognition and potentially lower rating risk for investors compared to Veritone, Inc., which has fewer grading sources though also positive Buy ratings.
Strengths and Weaknesses
Below is a comparison table highlighting the key strengths and weaknesses of MongoDB, Inc. (MDB) and Veritone, Inc. (VERI) based on the most recent data available.
| Criterion | MongoDB, Inc. (MDB) | Veritone, Inc. (VERI) |
|---|---|---|
| Diversification | Focused primarily on cloud database services with growing MongoDB Atlas revenue (1.4B in 2025) and subscription model | More diversified product mix including licensing, managed services, and software products, but overall smaller scale and inconsistent revenue |
| Profitability | Negative net margin (-6.43%) and ROIC (-7.36%) but improving ROIC trend (+62.9%) | Deeply negative profitability metrics: net margin (-40.36%), ROIC (-58.27%) with declining profitability trend (-9.3%) |
| Innovation | Strong innovation centered on cloud database technology and high fixed asset turnover (24.78) | Innovation present in AI and media services, but financial struggles and high debt hinder growth potential |
| Global presence | Significant global reach through cloud platform adoption | More niche and smaller global footprint, focused on AI and media markets |
| Market Share | Leading player in cloud database market with strong Atlas growth | Smaller market share with fragmented revenue streams |
Key takeaways: MongoDB shows improving profitability despite current value destruction, supported by strong innovation and cloud platform growth. Veritone faces significant financial challenges with declining profitability and high leverage, making it a riskier investment. Caution is advised when considering Veritone, while MongoDB’s improving trends warrant closer monitoring.
Risk Analysis
Below is a risk comparison table for MongoDB, Inc. (MDB) and Veritone, Inc. (VERI) based on the most recent data available.
| Metric | MongoDB, Inc. (MDB) | Veritone, Inc. (VERI) |
|---|---|---|
| Market Risk | Beta 1.38, moderate volatility | Beta 2.05, high volatility |
| Debt level | Very low debt (D/E 0.01), strong balance sheet | High debt (D/E 8.91), financial risk elevated |
| Regulatory Risk | Moderate, standard tech sector regulations | Moderate, AI sector with evolving regulations |
| Operational Risk | Unfavorable margins and ROE, but strong asset turnover | Very unfavorable margins and ROE, operational inefficiencies |
| Environmental Risk | Low, typical for software infrastructure | Low, typical for software infrastructure |
| Geopolitical Risk | Moderate, US-based with global cloud operations | Moderate, US and UK presence, exposed to international markets |
MongoDB’s main risks stem from operational inefficiencies and unfavorable profitability metrics despite a strong balance sheet and safe bankruptcy risk. Veritone faces higher financial distress with heavy debt and poor profitability, increasing bankruptcy risk and market volatility exposure. Investors should weigh MongoDB’s stability against Veritone’s higher risk and potential reward.
Which Stock to Choose?
MongoDB, Inc. (MDB) shows a favorable income statement with 19.22% revenue growth in 2025 and positive trends in profitability metrics, despite negative returns on equity and assets. Its debt levels are low and financial ratios are mixed with a generally unfavorable outlook, yet it holds a very favorable rating.
Veritone, Inc. (VERI) exhibits a less favorable income evolution, with declining revenue growth and significant net losses reflected in poor profitability ratios. The company carries high debt and unfavorable financial ratios overall, accompanied by a very unfavorable MOAT and a rating similar to MDB’s but with weaker financial health indicators.
For investors, MDB might appear more favorable due to its improving income statement and moderately better financial ratios, while VERI’s high leverage and deteriorating profitability could imply higher risk. Growth-oriented investors could find MDB’s trends suggestive of potential, whereas risk-averse profiles might see challenges in both companies given their profitability and leverage concerns.
Disclaimer: Investment carries a risk of loss of initial capital. The past performance is not a reliable indicator of future results. Be sure to understand risks before making an investment decision.
Go Further
I encourage you to read the complete analyses of MongoDB, Inc. and Veritone, Inc. to enhance your investment decisions:
