• MongoDB average return on tangible equity for 2023 was -40.79, a 38.04% decline from 2022.
• MongoDB average return on tangible equity for 2022 was -65.83, a 65.79% decline from 2021.
• MongoDB average return on tangible equity for 2021 was -192.45, a 42.86% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.