MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
Rhea-AI Summary
MongoDB (NASDAQ: MDB) reported first quarter fiscal 2027 revenue of $687.6 million, up 25% year-over-year, with subscription revenue of $666.1 million. GAAP net income reached $4.4 million ($0.05 per share), while non-GAAP net income was $112.3 million ($1.32 per share).
RPO rose 88% to $1.46 billion and free cash flow was $197.5 million. MongoDB issued Q2 revenue guidance of $729–$734 million and full-year revenue guidance of $2.92–$2.96 billion. The company also acquired Clarity Business Solutions and deepened its AI and cloud partnerships.
AI-generated analysis. Not financial advice.
Positive
- Q1 fiscal 2027 revenue $687.6 million, up 25% year-over-year
- Non-GAAP operating income increased to $123.2 million from $87.4 million
- GAAP net income turned positive to $4.4 million from a $37.6 million loss
- RPO grew 88% year-over-year to $1,458.6 million; cRPO up 69%
- Free cash flow rose to $197.5 million from $105.9 million
- Full-year 2027 revenue guidance set at $2.92–$2.96 billion
Negative
- GAAP loss from operations remained at $24.8 million in Q1 fiscal 2027
- Q2 fiscal 2027 GAAP operating loss guided to $(10) million to $(6) million
- Full-year 2027 GAAP operating loss guided to $(78) million to $(58) million
News Market Reaction – MDB
On the day this news was published, MDB gained 3.03%, reflecting a moderate positive market reaction. Argus tracked a peak move of +26.9% during that session. Argus tracked a trough of -20.6% from its starting point during tracking. Our momentum scanner triggered 75 alerts that day, indicating high trading interest and price volatility. This price movement added approximately $785M to the company's valuation, bringing the market cap to $26.71B at that time. Trading volume was elevated at 2.8x the daily average, suggesting notable buying interest.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
MDB is down 4.19% while momentum-screened peer NTAP is up strongly (+8.90%) and other peers are mixed, pointing to a stock-specific reaction to MDB’s earnings rather than a sector-wide move.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| 2026-03-02 | Q4 FY2026 earnings | Positive | -22.2% | Reported Q4 and FY2026 growth with Atlas strength and raised guidance. |
| 2025-12-01 | Q3 FY2026 earnings | Positive | +22.2% | Delivered Q3 revenue growth, strong Atlas mix, and raised outlook. |
| 2025-08-26 | Q2 FY2026 earnings | Positive | +38.0% | Reported strong Q2 growth, higher free cash flow, and raised FY guidance. |
| 2025-06-04 | Q1 FY2026 earnings | Positive | +12.8% | Posted solid Q1 growth, positive non-GAAP income, and new buyback. |
| 2025-03-05 | Q4 FY2025 earnings | Positive | -26.9% | Announced strong Q4 and FY2025 revenue growth and AI-focused moves. |
Earnings releases often show strong growth and guidance changes but have produced both sharp rallies and steep selloffs, indicating highly volatile reactions to financial updates.
Over recent quarters, MongoDB has consistently reported double‑digit revenue growth and robust Atlas traction, frequently pairing results with raised guidance and AI‑focused initiatives. Prior earnings events show large moves in both directions, including strong rallies after upside surprises and sharp pullbacks despite solid fundamentals. This pattern underscores that market reactions to MDB’s financial updates can be highly sensitive to expectations and forward commentary rather than headline growth alone.
Historical Comparison
In the past 5 earnings releases, MDB’s average move was about 4.77%, with both large gains and steep drops, highlighting that earnings days have historically been high-volatility events.
Recent earnings have shown sustained double‑digit revenue growth, rising Atlas contribution, and repeated guidance raises, reinforcing a narrative of steady scale-up in MongoDB’s data platform and AI positioning.
Market Pulse Summary
This announcement highlights MongoDB’s continued double‑digit revenue growth, expanding profitability, and raised FY2027 guidance, underpinned by Atlas strength and AI-focused initiatives. The company reported $687.6M in Q1 revenue, rising RPO, and substantial operating cash flow alongside disciplined capital spending. Recent history shows that earnings and guidance updates have driven significant volatility, so investors may track future quarters’ revenue mix, cash generation, and AI adoption metrics relative to the updated outlook.
Key Terms
non-gaap financial
remaining performance obligations financial
free cash flow financial
AI-generated analysis. Not financial advice.
First quarter fiscal 2027 total revenue of
Atlas revenue up more than
EA & other revenue up more than
Raising full-year fiscal 2027 guidance driven mainly by strength in Atlas
"We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities. At the same time, we continue to show strong profitability, demonstrating we can drive durable revenue growth while simultaneously expanding margin. Based on the momentum we are seeing in the business, we are raising our fiscal 2027 guidance," said CJ Desai, President and Chief Executive Officer of MongoDB.
"With our recently expanded leadership across both product and sales, I'm confident that we have the right team in place to move with even greater velocity. These changes sharpen our focus on delivering mission-critical innovation for our customers while scaling our global go-to-market engine, giving us high confidence in our ability to drive durable, long-term growth."
First Quarter Fiscal 2027 Financial Highlights
- Revenue: Total revenue was
$687.6 million 25% year-over-year. Subscription revenue was$666.1 million 25% year-over-year, and services revenue was$21.5 million 22% year-over-year. - Gross Profit: Gross profit was
$496.2 million 72% gross margin compared to71% in the year-ago period. Non-GAAP gross profit was$512.2 million 74% non-GAAP gross margin, consistent with the year-ago period. - Loss from Operations: Loss from operations was
$24.8 million $53.6 million $123.2 million $87.4 million - Net Income (Loss): Net income was
$4.4 million $0.05 $37.6 million $0.46 $112.3 million $1.32 $86.3 million $1.00 - Remaining Performance Obligations ("RPO"): RPO was
$1,458.6 million 88% year-over-year. Current Remaining RPO ("cRPO") was$766.3 million 69% year-over-year. - Cash Flow: As of April 30, 2026, MongoDB had
$2.4 billion $201.6 million $109.9 million $2.3 million $1.8 million $197.5 million $105.9 million
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 2027 Recent Business Highlights
- MongoDB acquired Clarity Business Solutions to strengthen its US Federal vertical. Clarity has been a trusted partner of ours since 2021, providing specialized support and professional services for highly classified workloads within the US Government. Clarity will operate as a separate entity as we work through the integration process.
- At MongoDB.local
London , MongoDB announced seven new platform capabilities designed to close the gap between AI experimentation and high-performance production deployment. These updates advance MongoDB's automated retrieval and persistent AI agent memory capability, strengthen the core database foundation for mission critical workloads, and help upskill builders to deploy production AI. - MongoDB appointed Ryan Mac Ban as Chief Revenue Officer and Doug Bowers as Chief Information Security Officer. Pablo Stern joined the company as Chief Product Officer, AI and Emerging Products, while Ben Cefalo, a longtime MongoDB product leader, was named Chief Product Officer, Core Products.
- MongoDB and LangChain formalized a strategic partnership to transform MongoDB Atlas into the premier unified backend for production-ready AI agents. This collaboration streamlines the transition from prototype to scale by integrating vector search, persistent memory, and natural-language querying into a single, enterprise-grade platform.
- MongoDB announced an investment to expand its Irish operations in engineering and AI development. The investment will grow MongoDB's Irish workforce by more than
50% across itsDublin international headquarters and new Cork office by 2027, while helping customers inIreland's thriving tech hub move from AI experimentation to production at scale. - MongoDB was named the 2026 Google Cloud Partner of the Year: Marketplace - Data. This marks MongoDB's seventh consecutive year as a Google Cloud Partner of the Year, and underscores MongoDB Atlas's role as the trusted data layer for the Google Cloud ecosystem.
Second Quarter Fiscal 2027 Guidance
Based on information available to management as of today, May 28, 2026, MongoDB is issuing the following financial guidance for the second quarter fiscal 2027.
Revenues are expected to be in the range of: | |||
GAAP | Non-GAAP | ||
Income (Loss) from Operations are expected to be in the range of: | |||
Net Income (Loss) per Share is expected to be in the range of: | |||
Full Year Fiscal 2027 Guidance
Based on information available to management as of today, May 28, 2026, MongoDB is issuing the following financial guidance for the full year fiscal 2027.
Revenues are expected to be in the range of: | |||
GAAP | Non-GAAP | ||
Income (Loss) from Operations are expected to be in the range of: | |||
Net Income (Loss) per Share is expected to be in the range of: | |||
Conference Call Information
MongoDB will host a conference call today, May 28, 2026, 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, the Company encourages 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 https://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 2027. 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 the Company has made. Although the Company believes that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, the Company 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; global political changes; the effects of the ongoing geopolitical instability resulting from the conflict in
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;
- certain acquisition-related costs and other, including due diligence costs, professional fees in connection with an acquisition and certain integration-related expenses. These expenses are unpredictable, and dependent on factors that may be outside of our control and unrelated to the continuing operations of the acquired business or our Company. In addition, the size and complexity of an acquisition, which often drives the magnitude of acquisition-related costs, may not be indicative of such future costs;
- restructuring costs associated with a formal restructuring plan that are primarily related to workforce reductions. The Company excludes these expenses because they are not reflective of ordinary course ongoing business and operating results; 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 as well as the tax charges or benefits resulting from the integration of intellectual property from acquisitions. 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. The Company intends 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 payments 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 payments 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.
Definitions
Remaining Performance Obligations
Remaining performance obligations represent the aggregate amount of the transaction price in contracts allocated to performance obligations not delivered, or partially undelivered, as of the end of the reporting period. Remaining performance obligations include unearned revenue, multi-year contracts with future installment payments and certain unfulfilled orders against accepted customer contracts at the end of any given period. The Company applies the practical expedient to omit disclosure with respect to the amount of the transaction price allocated to remaining performance obligations if the related contract has a total duration of 12 months or less.
About MongoDB
Headquartered in
Investor Relations
Jess Lubert
jess.lubert@mongodb.com
Media Relations
MongoDB
press@mongodb.com
MONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands of (unaudited)
| |||
April 30, 2026 | January 31, 2026 | ||
Assets | |||
Current assets: | |||
Cash and cash equivalents | $ 1,036,354 | $ 1,083,540 | |
Short-term investments | 1,390,799 | 1,303,701 | |
Accounts receivable, net of allowance for doubtful accounts of | 387,294 | 499,002 | |
Deferred commissions | 129,894 | 131,442 | |
Prepaid expenses and other current assets | 115,277 | 97,170 | |
Total current assets | 3,059,618 | 3,114,855 | |
Property and equipment, net | 40,900 | 39,773 | |
Operating lease right-of-use assets | 26,606 | 28,978 | |
Goodwill | 191,397 | 191,397 | |
Intangible assets, net | 30,851 | 34,502 | |
Deferred tax assets | 26,061 | 26,021 | |
Other assets | 317,258 | 323,322 | |
Total assets | $ 3,692,691 | $ 3,758,848 | |
Liabilities and Stockholders' Equity | |||
Current liabilities: | |||
Accounts payable | $ 41,664 | $ 20,269 | |
Accrued compensation and benefits | 115,563 | 143,046 | |
Operating lease liabilities | 9,360 | 9,259 | |
Other accrued liabilities | 110,516 | 109,803 | |
Deferred revenue | 341,076 | 387,119 | |
Total current liabilities | 618,179 | 669,496 | |
Deferred tax liability | 358 | 352 | |
Operating lease liabilities | 21,067 | 23,600 | |
Deferred revenue | 91,236 | 83,588 | |
Other liabilities | 26,891 | 29,454 | |
Total liabilities | 757,731 | 806,490 | |
Stockholders' equity: | |||
Common stock, par value of | 81 | 81 | |
Additional paid-in capital | 4,843,315 | 5,345,494 | |
Treasury stock, 199,912 shares (repurchased at an average of | (8,283) | (494,569) | |
Accumulated other comprehensive income | 7,268 | 13,207 | |
Accumulated deficit | (1,907,421) | (1,911,855) | |
Total stockholders' equity | 2,934,960 | 2,952,358 | |
Total liabilities and stockholders' equity | $ 3,692,691 | $ 3,758,848 | |
MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands of (unaudited)
| |||
Three Months Ended April 30, | |||
2026 | 2025 | ||
Revenue: | |||
Subscription | $ 666,138 | $ 531,455 | |
Services | 21,478 | 17,559 | |
Total revenue | 687,616 | 549,014 | |
Cost of revenue: | |||
Subscription(1) | 164,907 | 129,585 | |
Services(1) | 26,534 | 28,456 | |
Total cost of revenue | 191,441 | 158,041 | |
Gross profit | 496,175 | 390,973 | |
Operating expenses: | |||
Sales and marketing(1) | 249,334 | 220,923 | |
Research and development(1) | 200,409 | 168,829 | |
General and administrative(1) | 71,236 | 54,775 | |
Total operating expenses | 520,979 | 444,527 | |
Loss from operations | (24,804) | (53,554) | |
Other income, net | 33,598 | 20,230 | |
Income (loss) before provision for income taxes | 8,794 | (33,324) | |
Provision for income taxes | 4,360 | 4,302 | |
Net income (loss) | $ 4,434 | $ (37,626) | |
Net income (loss) per share | |||
Basic | $ 0.06 | $ (0.46) | |
Diluted | $ 0.05 | $ (0.46) | |
Weighted-average shares used to compute net income (loss) per share | |||
Basic | 80,357,498 | 81,060,822 | |
Diluted | 81,581,387 | 81,060,822 | |
(1) Includes stock‑based compensation expense as follows:
| |||
Three Months Ended April 30, | |||
2026 | 2025 | ||
Cost of revenue—subscription | $ 8,888 | $ 8,395 | |
Cost of revenue—services | 2,792 | 3,894 | |
Sales and marketing | 32,681 | 39,102 | |
Research and development | 70,708 | 66,405 | |
General and administrative | 22,761 | 14,635 | |
Total stock‑based compensation expense | $ 137,830 | $ 132,431 | |
MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands of (unaudited)
| |||
Three Months Ended April 30, | |||
2026 | 2025 | ||
Cash flows from operating activities | |||
Net income (loss) | $ 4,434 | $ (37,626) | |
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
Depreciation and amortization | 5,555 | 5,309 | |
Stock-based compensation | 137,830 | 132,431 | |
Amortization of finance right-of-use assets | 994 | 993 | |
Amortization of operating right-of-use assets | 2,578 | 2,758 | |
Deferred income taxes | 19 | 25 | |
Amortization of premium and accretion of discount on short-term investments, net | (1,084) | (3,800) | |
Realized and unrealized loss (gain) on financial instruments, net | (16,420) | 272 | |
Unrealized foreign exchange loss | 148 | 1,970 | |
Change in operating assets and liabilities: | |||
Accounts receivable, net | 112,951 | 79,895 | |
Prepaid expenses and other current assets | (13,388) | (4,973) | |
Deferred commissions | 12,239 | 7,772 | |
Other long-term assets | 1,125 | (12,593) | |
Accounts payable | 20,496 | (2,478) | |
Accrued liabilities | (22,802) | (19,353) | |
Operating lease liabilities | (2,476) | (2,688) | |
Deferred revenue | (39,864) | (39,624) | |
Other liabilities, non-current | (704) | 1,639 | |
Net cash provided by operating activities | 201,631 | 109,929 | |
Cash flows from investing activities | |||
Purchases of property, equipment and other assets | (2,319) | (1,611) | |
Investments in non-marketable securities | (3,000) | (4,822) | |
Business combination, net of cash acquired | — | (2,032) | |
Proceeds from maturities of marketable securities | 259,800 | 198,660 | |
Proceeds from non-marketable securities | 10,718 | — | |
Purchases of marketable securities | (352,122) | (138,624) | |
Net cash provided by (used in) investing activities | (86,923) | 51,571 | |
Cash flows from financing activities | |||
Repurchases of common stock | (100,255) | — | |
Proceeds from exercise of stock options | 461 | 579 | |
Taxes paid related to net share settlement of equity awards | (58,317) | — | |
Principal payments of finance leases | (1,764) | (2,394) | |
Net cash used in financing activities | (159,875) | (1,815) | |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | (1,698) | 8,000 | |
Net increase (decrease) in cash, cash equivalents and restricted cash | (46,865) | 167,685 | |
Cash, cash equivalents and restricted cash, beginning of period | 1,086,625 | 492,753 | |
Cash, cash equivalents and restricted cash, end of period | $ 1,039,760 | $ 660,438 | |
MONGODB, INC. RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (in thousands of (unaudited)
| |||
Three Months Ended April 30, | |||
2026 | 2025 | ||
Reconciliation of GAAP gross profit to non-GAAP gross profit: | |||
Gross profit on a GAAP basis | $ 496,175 | $ 390,973 | |
Gross margin (Gross profit/Total revenue) on a GAAP basis | 72 % | 71 % | |
Add back: | |||
Expenses associated with stock-based compensation: Cost of Revenue—Subscription | 9,147 | 8,622 | |
Expenses associated with stock-based compensation: Cost of Revenue—Services | 3,976 | 4,586 | |
Amortization of intangible assets | 2,926 | 2,367 | |
Non-GAAP gross profit | $ 512,224 | $ 406,548 | |
Non-GAAP gross margin (Non-GAAP gross profit/Total revenue) | 74 % | 74 % | |
Reconciliation of GAAP operating expenses to non-GAAP operating expenses: | |||
Sales and marketing operating expense on a GAAP basis | $ 249,334 | $ 220,923 | |
Less: | |||
Expenses associated with stock-based compensation | 34,263 | 39,904 | |
Restructuring | 357 | — | |
Non-GAAP sales and marketing operating expense | $ 214,714 | $ 181,019 | |
Research and development operating expense on a GAAP basis | $ 200,409 | $ 168,829 | |
Less: | |||
Expenses associated with stock-based compensation | 73,220 | 68,177 | |
Amortization of intangible assets | 113 | 170 | |
Certain acquisition-related costs and other | — | 40 | |
Non-GAAP research and development operating expense | $ 127,076 | $ 100,442 | |
General and administrative operating expense on a GAAP basis | $ 71,236 | $ 54,775 | |
Less: | |||
Expenses associated with stock-based compensation | 23,670 | 15,230 | |
Certain acquisition-related costs and other | 303 | 1,890 | |
Non-GAAP general and administrative operating expense | $ 47,263 | $ 37,655 | |
Reconciliation of GAAP loss from operations to non-GAAP income from operations: | |||
Loss from operations on a GAAP basis | $ (24,804) | $ (53,554) | |
GAAP operating margin (Loss from operations/Total revenue) | (4) % | (10) % | |
Add back: | |||
Expenses associated with stock-based compensation | 144,276 | 136,519 | |
Restructuring | 357 | — | |
Amortization of intangible assets | 3,039 | 2,537 | |
Certain acquisition-related costs and other | 303 | 1,930 | |
Non-GAAP income from operations | $ 123,171 | $ 87,432 | |
Non-GAAP operating margin (Non-GAAP income from operations/Total revenue) | 18 % | 16 % | |
Reconciliation of GAAP net income (loss) to non-GAAP net income: | |||
Net income (loss) on a GAAP basis | $ 4,434 | $ (37,626) | |
Add back: | |||
Expenses associated with stock-based compensation | 144,276 | 136,519 | |
Restructuring | 357 | — | |
Amortization of intangible assets | 3,039 | 2,537 | |
Certain acquisition-related costs and other | 303 | 1,930 | |
Less: | |||
Gains (loss) on financial instruments, net | 16,420 | (272) | |
Income tax effects and adjustments * | 23,710 | 17,285 | |
Non-GAAP net income | $ 112,279 | $ 86,347 | |
Reconciliation of GAAP net income (loss) per share, diluted, to non-GAAP net income per share, fully diluted: | |||
Net income (loss) per share, diluted, on a GAAP basis | $ 0.05 | $ (0.46) | |
Add back: | |||
Expenses associated with stock-based compensation | 1.77 | 1.68 | |
Restructuring | — | — | |
Amortization of intangible assets | 0.04 | 0.03 | |
Certain acquisition-related costs and other | — | 0.02 | |
Less: | |||
Gains (loss) on financial instruments, net | 0.20 | — | |
Income tax effects and adjustments * | 0.29 | 0.21 | |
Non-GAAP net income per share, diluted | $ 1.37 | $ 1.06 | |
Adjustment for fully diluted earnings per share | (0.05) | (0.06) | |
Non-GAAP net income per share, fully diluted ** | $ 1.32 | $ 1.00 | |
* Non-GAAP financial information is adjusted for an assumed provision for income taxes based on our long-term projected tax rate of |
** Fully diluted non-GAAP net income per share is calculated based upon 85.3 million of fully diluted weighted-average shares of outstanding common stock for the three months ended April 30, 2026 and 86.3 million of fully diluted weighted-average shares of outstanding common stock for the three months ended April 30, 2025. |
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, | |||
2026 | 2025 | ||
Net cash provided by operating activities | $ 201,631 | $ 109,929 | |
Capital expenditures | (2,319) | (1,611) | |
Principal payments of finance leases | (1,764) | (2,394) | |
Free cash flow | $ 197,548 | $ 105,924 | |
MONGODB, INC. RECONCILIATION OF GAAP GUIDANCE TO NON-GAAP GUIDANCE SECOND QUARTER & FULL YEAR FISCAL 2027 (in millions of (unaudited)
| |||
Second Quarter Fiscal 2027 | Full Year Fiscal 2027 | ||
Income (loss) from operations - GAAP Guidance | |||
Add back: | |||
Expenses associated with stock-based compensation | 158.3 | 634.6 | |
Restructuring | — | 0.4 | |
Amortization of intangible assets | 3.1 | 12.4 | |
Certain acquisition-related costs and other | 0.6 | 1.6 | |
Income (loss) from operations - non-GAAP guidance | |||
Second Quarter Fiscal 2027 | Full Year Fiscal 2027 | ||
Net income (loss) per share - GAAP guidance | |||
Add back: | |||
Expenses associated with stock-based compensation | 1.90 | 7.59 | |
Restructuring | — | 0.01 | |
Amortization of intangible assets | 0.04 | 0.15 | |
Certain acquisition-related costs and other | 0.01 | 0.02 | |
Less: | |||
Gains (loss) on financial instruments, net | — | 0.20 | |
Income tax effects and adjustments* | 0.39 to 0.40 | 1.55 to 1.60 | |
Adjustment for fully diluted earnings per share | (0.06) | (0.22) | |
Net income (loss) per share - non-GAAP guidance | |||
* Non-GAAP financial information is adjusted for an assumed provision for income taxes based on our long-term projected tax rate of |
MONGODB, INC. CUSTOMER COUNT METRICS | |||||||||||||||||
The following table presents certain customer count information as of the periods indicated: | |||||||||||||||||
4/30/2024 | 7/31/2024 | 10/31/2024 | 1/31/2025 | 4/30/2025 | 7/31/2025 | 10/31/2025 | 1/31/2026 | 4/30/2026 | |||||||||
Total Customers(a) | 49,200+ | 50,700+ | 52,600+ | 54,500+ | 57,100+ | 59,900+ | 62,500+ | 65,200+ | 67,700+ | ||||||||
MongoDB Atlas Customers | 47,700+ | 49,200+ | 51,100+ | 53,100+ | 55,800+ | 58,500+ | 61,200+ | 63,900+ | 66,400+ | ||||||||
Customers over | 2,137 | 2,189 | 2,314 | 2,396 | 2,506 | 2,564 | 2,694 | 2,799 | 2,895 | ||||||||
(a) Our definition of "customer" excludes users of our free offerings and all affiliated entities are counted as a single customer. |
(b) Represents the number of customers with |
MONGODB, INC. SUPPLEMENTAL REVENUE INFORMATION
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The following table presents certain supplemental revenue information as of the periods indicated:
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4/30/2024 | 7/31/2024 | 10/31/2024 | 1/31/2025 | 4/30/2025 | 7/31/2025 | 10/31/2025 | 1/31/2026 | 4/30/2026 | |||||||||
MongoDB Enterprise Advanced: % of Subscription Revenue | 25 % | 24 % | 25 % | 23 % | 22 % | 21 % | 20 % | 21 % | 21 % | ||||||||
The following table presents the Company's revenues disaggregated by geography, based on address of the Company's customers (in thousands): |
Three Months Ended April 30, | |||
Primary geographical markets: | 2026 | 2025 | |
Americas | $ 412,337 | $ 332,867 | |
EMEA | 194,678 | 150,766 | |
Asia Pacific | 80,601 | 65,381 | |
Total | $ 687,616 | $ 549,014 | |
The following table presents the Company's revenues disaggregated by subscription product categories and services (in thousands): |
Three Months Ended April 30, | |||
Subscription product categories and services: | 2026 | 2025 | |
Atlas-related | $ 512,466 | $ 395,893 | |
MongoDB Enterprise Advanced and other | 153,672 | 135,562 | |
Services | 21,478 | 17,559 | |
Total | $ 687,616 | $ 549,014 | |
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SOURCE MongoDB, Inc.