• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    MongoDB, Inc. Announces First Quarter Fiscal 2025 Financial Results

    5/30/24 4:05:00 PM ET
    $MDB
    Computer Software: Prepackaged Software
    Technology
    Get the next $MDB alert in real time by email

    First Quarter Fiscal 2025 Total Revenue of $450.6 million, up 22% Year-over-Year

    Continued Strong Customer Growth with Over 49,200 Customers as of April 30, 2024

    MongoDB Atlas Revenue up 32% Year-over-Year; 70% of Total Q1 Revenue 

    NEW YORK, May 30, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced its financial results for the first quarter ended April 30, 2024.

    MongoDB

    "MongoDB's delivered solid first quarter results, highlighted by 32% Atlas revenue growth. At the same time, we had a slower than expected start to the year for both Atlas consumption growth and new workload wins, which will have a downstream impact for the remainder of fiscal 2025," said Dev Ittycheria, President and Chief Executive Officer of MongoDB.

    "As we look ahead, we continue to be incredibly excited by our large market opportunity, the potential to increase share, and become a standard within more of our customers. We also see a tremendous opportunity to win more legacy workloads, as AI has now become a catalyst to modernize these applications. MongoDB's document-based architecture is particularly well-suited for the variety and scale of data required by AI-powered applications.  We are confident MongoDB will be a substantial beneficiary of this next wave of application development."

    First Quarter Fiscal 2025 Financial Highlights

    • Revenue: Total revenue was $450.6 million for the first quarter of fiscal 2025, an increase of 22% year-over-year. Subscription revenue was $436.9 million, an increase of 23% year-over-year, and services revenue was $13.7 million, an increase of 1% year-over-year.
    • Gross Profit: Gross profit was $327.9 million for the first quarter of fiscal 2025, representing a 73% gross margin compared to 74% in the year-ago period. Non-GAAP gross profit was $337.8 million, representing a 75% non-GAAP gross margin, compared to a non-GAAP gross margin of 76% in the year-ago period.
    • Loss from Operations: Loss from operations was $98.2 million for the first quarter of fiscal 2025, compared to a loss from operations of $68.5 million in the year-ago period. Non-GAAP income from operations was $32.8 million, compared to non-GAAP income from operations of $43.7 million in the year-ago period.
    • Net Loss: Net loss was $80.6 million, or $1.10 per share, based on 73.0 million weighted-average shares outstanding, for the first quarter of fiscal 2025. This compares to a net loss of $54.2 million, or $0.77 per share, in the year-ago period. Non-GAAP net income was $42.7 million, or $0.51 per share, based on 83.2 million diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $45.3 million, or $0.56 per share, in the year-ago period.
    • Cash Flow: As of April 30, 2024, MongoDB had $2.1 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2024, MongoDB generated $63.6 million of cash from operations, used $0.5 million of cash in capital expenditures and used $2.1 million of cash in principal repayments of finance leases, leading to free cash flow of $61.0 million, compared to free cash flow of $51.8 million in the year-ago period.

    A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."

    First Quarter Fiscal 2025 and Recent Business Highlights

    • MongoDB announced a number of new products and capabilities at MongoDB.local NYC. Highlights included the preview of MongoDB 8.0—with significant performance improvements such as faster reads and updates, along with significantly faster bulk inserts and time series queries—and the general availability of Atlas Stream Processing to build sophisticated, event-driven applications with real-time data.
    • MongoDB continues to expand its AI ecosystem with the announcement of the MongoDB AI Applications Program (MAAP), which provides customers with reference architectures, pre-built partner integrations, and professional services to help them quickly build AI-powered applications. Accenture will establish a center of excellence focused on MongoDB projects, and is the first global systems integrator to join MAAP.
    • Bendigo and Adelaide Bank partnered with MongoDB to modernize their core banking technology. With the help of MongoDB Relational Migrator and generative AI-powered modernization tools, Bendigo and Adelaide Bank decomposed an outdated consumer-servicing application into microservices and migrated off its underlying legacy relational database technology significantly faster and more easily than a traditional migration.

    Second Quarter and Full Year Fiscal 2025 Guidance

    Based on information available to management as of today, May 30, 2024, MongoDB is issuing the following financial guidance for the second quarter and full year fiscal 2025.



    Second Quarter Fiscal 2025

    Full Year Fiscal 2025

    Revenue

    $460.0 million to $464.0 million

    $1.88 billion to $1.90 billion

    Non-GAAP Income from Operations

    $35.0 million to $38.0 million

    $168.0 million to $183.0 million

    Non-GAAP Net Income per Share

    $0.46 to $0.49

    $2.15 to $2.30

    Reconciliations of non-GAAP income from operations and non-GAAP net income per share guidance to the most directly comparable GAAP measures are not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in MongoDB's stock price. MongoDB expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.

    Conference Call Information

    MongoDB will host a conference call today, May 30, 2024, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. To access the call by phone, please go to this link (registration link), and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A replay of the webcast will also be available for a limited time at http://investors.mongodb.com.

    Forward-Looking Statements

    This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's financial guidance for the second fiscal quarter and full year fiscal 2025 and underlying assumptions, our ability to capitalize on our market opportunity and deliver strong growth for the foreseeable future as well as the criticality of MongoDB to artificial intelligence application development. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: our customers renewing their subscriptions with us and expanding their usage of software and related services; the effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas on our business and future operating results; economic downturns and/or the effects of rising interest rates, inflation and volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended January 31, 2024, filed with the SEC on March 15, 2024. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2024, and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.

    Non-GAAP Financial Measures

    This press release includes the following financial measures defined as non-GAAP financial measures by the SEC: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share and free cash flow. Non-GAAP gross profit and non-GAAP gross margin exclude expenses associated with stock-based compensation. Non-GAAP operating expenses, non-GAAP income from operations, non-GAAP operating margin, non-GAAP net income and non-GAAP net income per share exclude:

    • expenses associated with stock-based compensation including employer payroll taxes upon the vesting and exercising of stock-based awards and expenses related to stock appreciation rights previously issued to our employees in China;
    • amortization of intangible assets for the acquired technology and acquired customer relationships associated with prior acquisitions; and
    • in the case of non-GAAP net income and non-GAAP net income per share, amortization of the debt issuance costs associated with our convertible senior notes and gains or losses on our financial instruments;
    • additionally, non-GAAP net income and non-GAAP net income per share are adjusted for an assumed provision for income taxes based on an estimated long-term non-GAAP tax rate. The non-GAAP tax rate was calculated utilizing a three-year financial projection that excludes the direct impact of the GAAP to non-GAAP adjustments and considers other factors such as operating structure and existing tax positions in various jurisdictions. We intend to periodically reevaluate the projected long-term tax rate, as necessary, for significant events and our ongoing analysis of relevant tax law changes.

    MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which may present similar non-GAAP financial measures to investors.

    Free cash flow represents net cash from/used in operating activities, less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. The exclusion of capital expenditures, principal repayments of finance lease liabilities and amounts capitalized for software development facilitates comparisons of MongoDB's liquidity on a period-to-period basis and excludes items that it does not consider to be indicative of its liquidity. MongoDB believes that free cash flow is a measure of liquidity that provides useful information to investors in understanding and evaluating the strength of its liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business in the same manner as MongoDB's management and board of directors.

    Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income from operations, non-GAAP net income, non-GAAP net income per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com.

    About MongoDB

    Headquartered in New York, MongoDB's mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB's developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today's wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

    Investor Relations

    Brian Denyeau

    ICR for MongoDB

    646-277-1251

    [email protected] 

    Media Relations

    MongoDB

    [email protected] 

    MONGODB, INC.

    CONDENSED CONSOLIDATED BALANCE SHEETS

    (in thousands, except share and per share data)

    (unaudited)





    April 30, 2024



    January 31, 2024

    Assets







    Current assets:







    Cash and cash equivalents  

    $           815,704



    $           802,959

    Short-term investments

    1,258,292



    1,212,448

    Accounts receivable, net of allowance for doubtful accounts of $7,814 and $8,054 as of April 30,

    2024 and January 31, 2024, respectively 

    266,025



    325,610

    Deferred commissions  

    93,390



    92,512

    Prepaid expenses and other current assets  

    218,914



    50,107

    Total current assets  

    2,652,325



    2,483,636

    Property and equipment, net  

    50,214



    53,042

    Operating lease right-of-use assets

    34,807



    37,365

    Goodwill  

    69,679



    69,679

    Acquired intangible assets, net

    1,303



    3,957

    Deferred tax assets  

    4,524



    4,116

    Other assets  

    221,577



    217,847

    Total assets  

    $        3,034,429



    $        2,869,642

    Liabilities and Stockholders' Equity







    Current liabilities:







    Accounts payable  

    $               9,349



    $               9,905

    Accrued compensation and benefits  

    110,234



    112,579

    Operating lease liabilities

    9,881



    9,797

    Other accrued liabilities  

    84,110



    74,831

    Deferred revenue  

    323,920



    357,108

    Total current liabilities  

    537,494



    564,220

    Deferred tax liability

    770



    285

    Operating lease liabilities

    28,417



    30,918

    Deferred revenue

    16,210



    20,296

    Convertible senior notes, net

    1,144,125



    1,143,273

    Other liabilities

    38,157



    41,661

    Total liabilities  

    1,765,173



    1,800,653

    Stockholders' equity:







    Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of April 30, 2024

    and January 31, 2024; 73,449,966 shares issued and 73,350,595 shares outstanding as of April 30,

    2024; 72,840,692 shares issued and 72,741,321 shares outstanding as of January 31, 2024

    73



    73

    Additional paid-in capital  

    3,068,730



    2,777,322

    Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of April 30, 2024

    and January 31, 2024

    (1,319)



    (1,319)

    Accumulated other comprehensive (loss) income

    (6,003)



    4,545

    Accumulated deficit  

    (1,792,225)



    (1,711,632)

    Total stockholders' equity

    1,269,256



    1,068,989

    Total liabilities and stockholders' equity

    $        3,034,429



    $        2,869,642

     

    MONGODB, INC. 

    CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

    (in thousands, except share and per share data)

    (unaudited)







    Three Months Ended April 30,





    2024



    2023

    Revenue:









    Subscription  



    $         436,896



    $         354,714

    Services  



    13,665



    13,566

    Total revenue  



    450,561



    368,280

    Cost of revenue:









    Subscription(1)



    100,762



    78,173

    Services(1)



    21,935



    19,276

    Total cost of revenue  



    122,697



    97,449

    Gross profit  



    327,864



    270,831

    Operating expenses:









    Sales and marketing(1)  



    219,444



    182,733

    Research and development(1)  



    146,060



    116,817

    General and administrative(1)  



    60,546



    39,828

    Total operating expenses  



    426,050



    339,378

    Loss from operations  



    (98,186)



    (68,547)

    Other income, net  



    20,174



    16,788

    Loss before provision for income taxes  



    (78,012)



    (51,759)

    Provision for income taxes  



    2,581



    2,487

    Net loss  



    $          (80,593)



    $          (54,246)

    Net loss per share, basic and diluted  



    $              (1.10)



    $              (0.77)

    Weighted-average shares used to compute net loss per share, basic and diluted



    72,990,141



    70,177,499



    (1) Includes stock‑based compensation expense as follows:







    Three Months Ended April 30,





    2024



    2023

    Cost of revenue—subscription  



    $                6,163



    $                5,514

    Cost of revenue—services  



    3,255



    2,948

    Sales and marketing  



    39,613



    37,606

    Research and development  



    55,173



    44,066

    General and administrative  



    16,559



    13,821

    Total stock‑based compensation expense  



    $             120,763



    $             103,955

     

    MONGODB, INC.

    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

    (in thousands)

    (unaudited)





    Three Months Ended April 30,



    2024



    2023

    Cash flows from operating activities







    Net loss  

    $         (80,593)



    $         (54,246)

    Adjustments to reconcile net loss to net cash provided by operating activities:







    Depreciation and amortization  

    4,826



    4,373

    Stock-based compensation  

    120,763



    103,955

    Amortization of debt issuance costs

    852



    847

    Amortization of finance right-of-use assets

    993



    994

    Amortization of operating right-of-use assets

    2,479



    2,225

    Deferred income taxes  

    7



    (188)

    Amortization of premium and accretion of discount on short-term investments, net

    (7,781)



    (13,230)

    Unrealized gain on financial instruments

    (479)



    (2,226)

    Unrealized foreign exchange loss

    115



    429

    Change in operating assets and liabilities:







    Accounts receivable, net

    59,326



    73,364

    Prepaid expenses and other current assets  

    1,233



    (2,909)

    Deferred commissions  

    (4,820)



    2,664

    Other long-term assets  

    166



    (46)

    Accounts payable  

    (547)



    (304)

    Accrued liabilities  

    6,526



    (12,631)

    Operating lease liabilities

    (2,185)



    (2,394)

    Deferred revenue  

    (37,431)



    (47,266)

    Other liabilities, non-current

    163



    319

    Net cash provided by operating activities  

    63,613



    53,730

    Cash flows from investing activities







    Purchases of property and equipment  

    (539)



    (623)

    Investments in non-marketable securities

    —



    (1,306)

    Proceeds from maturities of marketable securities  

    125,000



    280,000

    Purchases of marketable securities  

    (172,604)



    (66,789)

    Net cash (used in) provided by investing activities  

    (48,143)



    211,282

    Cash flows from financing activities







    Proceeds from exercise of stock options

    953



    1,472

    Principal repayments of finance leases

    (2,093)



    (1,342)

    Net cash (used in) provided by financing activities  

    (1,140)



    130

    Effect of exchange rate changes on cash, cash equivalents and restricted cash  

    (1,583)



    709

    Net increase in cash, cash equivalents and restricted cash  

    12,747



    265,851

    Cash, cash equivalents and restricted cash, beginning of period  

    803,643



    456,339

    Cash, cash equivalents and restricted cash, end of period  

    $         816,390



    $         722,190

     

    MONGODB, INC.

    RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES

    (in thousands, except share and per share data)

    (unaudited)





    Three Months Ended April 30,



    2024



    2023

    Reconciliation of GAAP gross profit to non-GAAP gross profit:







    Gross profit on a GAAP basis

    $      327,864



    $      270,831

      Gross margin (Gross profit/Total revenue) on a GAAP basis

    73 %



    74 %

    Add back:







      Expenses associated with stock-based compensation: Cost of Revenue—Subscription

    6,497



    5,688

      Expenses associated with stock-based compensation: Cost of Revenue—Services

    3,474



    3,385

    Non-GAAP gross profit

    $      337,835



    $      279,904

      Non-GAAP gross margin (Non-GAAP gross profit/Total revenue)

    75 %



    76 %









    Reconciliation of GAAP operating expenses to non-GAAP operating expenses:







    Sales and marketing operating expense on a GAAP basis

    $      219,444



    $      182,733

    Less:







      Expenses associated with stock-based compensation

    42,154



    40,331

      Amortization of intangible assets

    85



    760

    Non-GAAP sales and marketing operating expense

    $      177,205



    $      141,642









    Research and development operating expense on a GAAP basis

    $      146,060



    $      116,817

    Less:







      Expenses associated with stock-based compensation

    57,760



    45,724

      Amortization of intangible assets

    2,568



    1,535

    Non-GAAP research and development operating expense

    $        85,732



    $        69,558









    General and administrative operating expense on a GAAP basis

    $        60,546



    $        39,828

    Less:







      Expenses associated with stock-based compensation

    18,445



    14,780

    Non-GAAP general and administrative operating expense

    $        42,101



    $        25,048









    Reconciliation of GAAP loss from operations to non-GAAP income from operations:







    Loss from operations on a GAAP basis

    $      (98,186)



    $      (68,547)

      GAAP operating margin (Loss from operations/Total revenue)

    (22) %



    (19) %

    Add back:







      Expenses associated with stock-based compensation

    128,330



    109,908

      Amortization of intangible assets

    2,653



    2,295

    Non-GAAP income from operations

    $        32,797



    $        43,656

      Non-GAAP operating margin (Non-GAAP Income from operations/Total revenue)

    7 %



    12 %









    Reconciliation of GAAP net loss to non-GAAP net income:







    Net loss on a GAAP basis

    $      (80,593)



    $      (54,246)

    Add back:







      Expenses associated with stock-based compensation

    128,330



    109,908

      Amortization of intangible assets

    2,653



    2,295

      Amortization of debt issuance costs related to convertible senior notes

    852



    847

    Less:







      Gains on financial instruments, net

    479



    2,226

      Income tax effects and adjustments *

    8,088



    11,316

    Non-GAAP net income

    $        42,675



    $        45,262









    Reconciliation of GAAP net loss per share, basic and diluted, to non-GAAP net income per share,

    basic and diluted:







    Net loss per share, basic and diluted, on a GAAP basis

    $          (1.10)



    $          (0.77)

    Add back:







      Expenses associated with stock-based compensation

    1.76



    1.57

      Amortization of intangible assets

    0.04



    0.03

      Amortization of debt issuance costs related to convertible senior notes

    0.01



    0.01

    Less:







      Gains on financial instruments, net

    0.01



    0.03

      Income tax effects and adjustments *

    0.11



    0.16

    Non-GAAP net income per share, basic

    $            0.59



    $            0.65

    Adjustment for fully diluted earnings per share

    (0.08)



    (0.09)

    Non-GAAP net income per share, diluted **

    $            0.51



    $            0.56



    * Non-GAAP financial information is adjusted for an assumed provision for income taxes based on our long-term projected tax rate of

      20%. Due to the differences in the tax treatment of items excluded from non-GAAP earnings, our estimated tax rate on non-GAAP 

      income may differ from our GAAP tax rate and from our actual tax liabilities.

    ** Diluted non-GAAP net income per share is calculated based upon 83.2 million and 81.5 million of diluted weighted-average shares

        of outstanding common stock for the three months ended April 30, 2024 and 2023, respectively.

     

    The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP

    measure, for each of the periods indicated (unaudited, in thousands):





    Three Months Ended April 30,



    2024



    2023

    Net cash provided by operating activities  

    $                     63,613



    $                     53,730

    Capital expenditures  

    (539)



    (623)

    Principal repayments of finance leases

    (2,093)



    (1,342)

    Capitalized software 

    —



    —

    Free cash flow  

    $                     60,981



    $                     51,765

     

    MONGODB, INC.

    CUSTOMER COUNT METRICS



    The following table presents certain customer count information as of the periods indicated:





    4/30/2022



    7/31/2022



    10/31/2022



    1/31/2023



    4/30/2023



    7/31/2023



    10/31/2023



    1/31/2024



    4/30/2024

    Total Customers (a)

    35,200+



    37,000+



    39,100+



    40,800+



    43,100+



    45,000+



    46,400+



    47,800+



    49,200+

    Direct Sales Customers(b)

    4,800+



    5,400+



    5,900+



    6,400+



    6,700+



    6,800+



    6,900+



    7,000+



    7,100+

    MongoDB Atlas Customers

    33,700+



    35,500+



    37,600+



    39,300+



    41,600+



    43,500+



    44,900+



    46,300+



    47,700+

    Customers over $100K(c)

    1,379



    1,462



    1,545



    1,651



    1,761



    1,855



    1,972



    2,052



    2,137



    (a) Our definition of "customer" excludes users of our free offerings and all affiliated entities are counted as a single customer.

    (b) Direct Sales Customers are customers that were sold through our direct sales force and channel partners.

    (c) Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR") and annualized monthly recurring revenue ("MRR"). 

    ARR includes the revenue we expect to receive from our customers over the following 12 months based on contractual commitments and, in the case of

    Direct Sales Customers of MongoDB Atlas, by annualizing the prior 90 days of their actual consumption of MongoDB Atlas, assuming no increases or reductions

    in their subscriptions or usage. For all other customers of our self-serve products, we calculate annualized MRR by annualizing the prior 30 days of their actual

    consumption of such products, assuming no increases or reductions in usage. ARR and annualized MRR exclude professional services.

     

    MONGODB, INC.

    SUPPLEMENTAL REVENUE INFORMATION



    The following table presents certain supplemental revenue information as of the periods indicated:





    4/30/2022



    7/31/2022



    10/31/2022



    1/31/2023



    4/30/2023



    7/31/2023



    10/31/2023



    1/31/2024



    4/30/2024

    MongoDB Enterprise Advanced: % of Subscription Revenue

    33 %



    28 %



    29 %



    28 %



    28 %



    26 %



    27 %



    26 %



    25 %

    Direct Sales Customers(a)

     Revenue: % of Subscription Revenue

    87 %



    86 %



    87 %



    88 %



    88 %



    88 %



    88 %



    88 %



    87 %



    (a) Direct Sales Customers are customers that were sold through our direct sales force and channel partners.

     

    Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-first-quarter-fiscal-2025-financial-results-302159949.html

    SOURCE MongoDB, Inc.

    Get the next $MDB alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $MDB

    DatePrice TargetRatingAnalyst
    7/9/2025$280.00Outperform
    Wolfe Research
    6/5/2025$295.00Neutral → Buy
    Monness Crespi & Hardt
    5/20/2025$190.00Buy → Hold
    Loop Capital
    4/17/2025$170.00Sell → Neutral
    Redburn Atlantic
    4/1/2025$202.00Outperform
    Daiwa Securities
    4/1/2025$430.00 → $330.00Buy
    Citigroup
    3/6/2025$365.00 → $225.00Overweight → Equal Weight
    Wells Fargo
    3/3/2025Sell → Neutral
    Monness Crespi & Hardt
    More analyst ratings

    $MDB
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President & CEO Ittycheria Dev sold $772,069 worth of shares (3,747 units at $206.05), decreasing direct ownership by 1% to 253,227 units (SEC Form 4)

      4 - MongoDB, Inc. (0001441816) (Issuer)

      7/7/25 4:06:01 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • President, Field Operations Pech Cedric sold $72,942 worth of shares (354 units at $206.05), decreasing direct ownership by 0.61% to 57,280 units (SEC Form 4)

      4 - MongoDB, Inc. (0001441816) (Issuer)

      7/7/25 4:04:38 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • Director Merriman Dwight A sold $206,050 worth of shares (1,000 units at $206.05), decreasing direct ownership by 0.09% to 1,106,316 units (SEC Form 4)

      4 - MongoDB, Inc. (0001441816) (Issuer)

      7/7/25 4:03:08 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology

    $MDB
    SEC Filings

    See more
    • MongoDB Inc. filed SEC Form 8-K: Submission of Matters to a Vote of Security Holders

      8-K - MongoDB, Inc. (0001441816) (Filer)

      7/3/25 4:25:40 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 144 filed by MongoDB Inc.

      144 - MongoDB, Inc. (0001441816) (Subject)

      7/2/25 5:37:15 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • SEC Form 144 filed by MongoDB Inc.

      144 - MongoDB, Inc. (0001441816) (Subject)

      7/2/25 12:03:01 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology

    $MDB
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • MongoDB Announces Commitment to Achieve FedRAMP High and Impact Level 5 Authorizations

      With upgraded authorization, soon federal agencies with security requirements at every level will be able to use MongoDB to deploy, run, and scale modern applications in the cloud NEW YORK, June 30, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced its commitment to pursuing Federal Risk and Authorization Management Program (FedRAMP) High and Impact Level 5 (IL5) authorizations for MongoDB Atlas for Government workloads, which will expand its eligibility to manage unclassified, yet highly sensitive, U.S. public sector data. With FedRAMP High authorization, even the most critical government agencies looking to adopt cloud and AI technologies—and to modernize aging, inefficient l

      6/30/25 9:00:00 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB, Inc. Announces First Quarter Fiscal 2026 Financial Results

      First Quarter Fiscal 2026 Total Revenue of $549.0 million, up 22% year-over-year Added 2,600 Customers, with Over 57,100 Total Customers as of April 30, 2025 MongoDB Atlas Revenue up 26% year-over-year; 72% of Total Q1 Revenue Additional Share Repurchase Authorization of $800 million, bringing Total Buyback Authorization to $1 billion NEW YORK, June 4, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced its financial results for the first quarter ended April 30, 2025. "MongoDB is off to a strong start in fiscal 2026 with 26% Atlas revenue growth, meaningful margin

      6/4/25 4:05:00 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • Shopify Inc to Join the Nasdaq-100 Index® Beginning May 19, 2025

      NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that Shopify Inc. (NASDAQ:SHOP), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX®) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, May 19, 2025. Shopify Inc. will replace MongoDB, Inc. (NASDAQ:MDB) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. MongoDB, Inc. will also be removed from the Nasdaq-100 Tech Sector™ Index (NASDAQ:NDXT), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), the Nasdaq-100

      5/9/25 8:00:00 PM ET
      $MDB
      $NDAQ
      $SHOP
      Computer Software: Prepackaged Software
      Technology
      Investment Bankers/Brokers/Service
      Finance

    $MDB
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Wolfe Research initiated coverage on MongoDB with a new price target

      Wolfe Research initiated coverage of MongoDB with a rating of Outperform and set a new price target of $280.00

      7/9/25 8:30:34 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB upgraded by Monness Crespi & Hardt with a new price target

      Monness Crespi & Hardt upgraded MongoDB from Neutral to Buy and set a new price target of $295.00

      6/5/25 7:36:30 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB downgraded by Loop Capital with a new price target

      Loop Capital downgraded MongoDB from Buy to Hold and set a new price target of $190.00

      5/20/25 8:09:05 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology

    $MDB
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by MongoDB Inc.

      SC 13G/A - MongoDB, Inc. (0001441816) (Subject)

      11/15/24 10:35:42 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • Amendment: SEC Form SC 13G/A filed by MongoDB Inc.

      SC 13G/A - MongoDB, Inc. (0001441816) (Subject)

      11/12/24 10:18:37 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • SEC Form SC 13G filed by MongoDB Inc.

      SC 13G - MongoDB, Inc. (0001441816) (Subject)

      2/14/24 10:30:39 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology

    $MDB
    Leadership Updates

    Live Leadership Updates

    See more
    • Shopify Inc to Join the Nasdaq-100 Index® Beginning May 19, 2025

      NEW YORK, May 09, 2025 (GLOBE NEWSWIRE) -- Nasdaq (NASDAQ:NDAQ) today announced that Shopify Inc. (NASDAQ:SHOP), will become a component of the Nasdaq-100 Index® (NASDAQ:NDX®) and the Nasdaq-100 Equal Weighted™ Index (NASDAQ:NDXE) prior to market open on Monday, May 19, 2025. Shopify Inc. will replace MongoDB, Inc. (NASDAQ:MDB) in the Nasdaq-100 Index® and the Nasdaq-100 Equal Weighted™ Index. MongoDB, Inc. will also be removed from the Nasdaq-100 Tech Sector™ Index (NASDAQ:NDXT), the Nasdaq-100 Technology Sector Market-Cap Weighted™ Index (NDXTMC™), the Nasdaq-100 Technology Sector Adjusted Market-Cap Weighted™ Index (NDXT10™), the Nasdaq-100 ESG™ Index (NASDAQ:NDXESG), the Nasdaq-100

      5/9/25 8:00:00 PM ET
      $MDB
      $NDAQ
      $SHOP
      Computer Software: Prepackaged Software
      Technology
      Investment Bankers/Brokers/Service
      Finance
    • MongoDB Announces Expansion of the MongoDB AI Applications Program

      Capgemini, Confluent, IBM, QuantumBlack, AI by McKinsey, and Unstructured join the MongoDB AI Applications Program (MAAP) ecosystem to help organizations make an impact with AI MongoDB, Meta collaborating to support developers with Meta models and the end-to-end MAAP technology stack Leading autism and intellectual and developmental disability software provider CentralReach using MAAP to improve AI-powered care platform MAAP expansion follows the introduction of vector quantization to MongoDB Atlas Vector Search and recent AI partner integrations LAS VEGAS, Dec. 2, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today at AWS re:Invent announced that a new cohort of organizations have joined

      12/2/24 11:00:00 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB Appoints Ann Lewnes to Board of Directors

      Former Adobe and Intel executive brings decades of marketing and corporate strategy experience from high-growth technology companies to MongoDB Board of Directors NEW YORK, Dec. 5, 2023 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced the appointment of Ann Lewnes to its Board of Directors. Lewnes was previously in senior leadership roles at Adobe Systems, Inc., a multinational software company that offers digital marketing and media solutions, from 2006 to 2023, most recently as Chief Marketing Officer and Executive Vice President of Corporate Strategy and Development during a period of massive growth.

      12/5/23 4:06:00 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology

    $MDB
    Financials

    Live finance-specific insights

    See more
    • MongoDB, Inc. Announces First Quarter Fiscal 2026 Financial Results

      First Quarter Fiscal 2026 Total Revenue of $549.0 million, up 22% year-over-year Added 2,600 Customers, with Over 57,100 Total Customers as of April 30, 2025 MongoDB Atlas Revenue up 26% year-over-year; 72% of Total Q1 Revenue Additional Share Repurchase Authorization of $800 million, bringing Total Buyback Authorization to $1 billion NEW YORK, June 4, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced its financial results for the first quarter ended April 30, 2025. "MongoDB is off to a strong start in fiscal 2026 with 26% Atlas revenue growth, meaningful margin

      6/4/25 4:05:00 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB, Inc. Announces Mike Berry as Chief Financial Officer

      Berry joins MongoDB with more than three decades of expertise in software and cloud businesses NEW YORK, April 28, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced the appointment of Mike Berry as Chief Financial Officer, effective May 27, 2025. Berry will lead MongoDB's accounting, FP&A, treasury and investor relations efforts and partner with other senior leaders to set and deliver on the company's long-term strategic and financial objectives. Berry joins MongoDB from NetApp, where he served as CFO for the past five years. A seven-time CFO, Berry previously he

      4/28/25 8:30:00 AM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology
    • MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2025 Financial Results

      Fourth Quarter Fiscal 2025 Total Revenue of $548.4 million, up 20% Year-over-Year Full Year Fiscal 2025 Total Revenue of $2.01 billion, up 19% Year-over-Year Continued Strong Customer Growth with Over 54,500 Customers as of January 31, 2025 MongoDB Atlas Revenue up 24% Year-over-Year; 71% of Total Q4 Revenue NEW YORK, March 5, 2025 /PRNewswire/ -- MongoDB, Inc. (NASDAQ:MDB) today announced its financial results for the fourth quarter and fiscal year ended January 31, 2025. "MongoDB delivered a strong end to fiscal 2025 with 24% Atlas revenue growth and significant margin expan

      3/5/25 4:05:00 PM ET
      $MDB
      Computer Software: Prepackaged Software
      Technology