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Equinix reported FY2025 revenue of $9.2 billion, operating cash flow of $3.9 billion and Q1 2026 revenue of $2.4 billion. The thesis depends on interconnection demand, data-center utilization, power availability, debt capacity and capital efficiency.
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MongoDB reported FY2026 revenue of $2.46 billion and positive operating cash flow, but GAAP operating and net losses keep the thesis tied to durable subscription growth, Atlas execution and cash conversion.
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