0001441816FalseJanuary 3100014418162026-03-022026-03-0200014418162026-01-312026-01-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
___________________
FORM 8-K
___________________
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 2, 2026
___________________
MONGODB, INC.
(Exact Name of Registrant as Specified in its Charter)
___________________
| | | | | | | | | | | |
| Delaware | 001-38240 | 26-1463205 |
(State or Other Jurisdiction
of Incorporation) | (Commission File Number) | (IRS Employer
Identification No.) |
| | | |
1633 Broadway, | 38th Floor | | |
New York, | NY | | 10019 |
| (Address of Principal Executive Offices) | | (Zip Code) |
646-727-4092
(Registrant’s Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
___________________
Securities registered pursuant to Section 12(b) of the Exchange Act:
| | | | | | | | | | | | | | |
| Title of each class | | Trading Symbol(s) | | Name of each exchange on which registered |
Common Stock, par value $0.001 per share | | MDB | | The Nasdaq Stock Market LLC |
| | (Nasdaq Global Market) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
On March 2, 2026, MongoDB, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated herein by reference.
The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company, regardless of any general incorporation language in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Departure of President, Field Operations
On February 27, 2026, Cedric Pech, the Company’s President, Field Operations, notified the Company of his intent to resign, effective April 15, 2026 (the “Separation Date”).
In connection with Mr. Pech’s resignation, the Company has entered into a separation agreement (the “Separation Agreement”) with Mr. Pech effective February 27, 2026 with a term ended April 15, 2026 (the “Term”). During the Term, Mr. Pech will remain an employee of the Company through the Separation Date and will provide advisory services and continue to receive his base salary in effect as of the date hereof and other employee benefits through the Separation Date. Mr. Pech remains eligible to receive his fiscal year 2026 bonus, which shall be payable on or around April 1, 2026.
Mr. Pech’s outstanding unvested equity awards under the Company’s 2016 Equity Incentive Plan will continue to vest until April 1, 2026, provided he continues to provide services under the Separation Agreement until such date. Any outstanding awards scheduled to vest after April 1, 2026 will be forfeited.
The Separation Agreement provides for a general release and waiver of claims against the Company in exchange for the payments and benefits described above.
A copy of the Separation Agreement will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended April 30, 2026. The above summary of the Separation Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the Separation Agreement.
Appointment of Interim Principal Accounting Officer
Effective February 26, 2026 and until March 13, 2026, Michael J. Berry, the Company’s Chief Financial Officer and principal financial officer, was designated by the Company’s board of directors as the Company’s interim principal accounting officer. Mr. Berry’s biographical information can be found in the Company’s Form 8-K, filed on April 28, 2025.
Appointment of Principal Accounting Officer
On February 26, 2026, the Company’s board of directors appointed Kong Phan as the Company’s Chief Accounting Officer and designated him as the Company’s principal accounting officer, effective April 14, 2026 (the “Effective Date”). Mr. Phan will assume the designation of principal accounting officer from Mr. Berry, who is serving as the Company’s principal financial officer in his capacity as Chief Financial Officer.
Prior to his appointment with the Company, Mr. Phan, age 43, served as Chief Accounting Officer and principal accounting officer of Confluent, Inc. from September 2024 and, from April 2017 to September 2024, as its Corporate Controller. Prior to Confluent, Mr. Phan held various accounting roles at Yahoo! Inc., Electronic Arts, Gap Inc., and Ernst and Young, LLP. Mr. Phan holds a B.S. from Sonoma State University and is a Certified Public Accountant in California.
In connection with his appointment as Chief Accounting Officer, Mr. Phan signed an offer letter on February 24, 2026 that entitles him to receive (i) a starting annual base salary of $400,000 and (ii) annual incentive compensation with a target cash bonus opportunity of 40% of his annual base salary. The Company will grant a service-vested award of restricted stock units (“RSUs”) under the Company’s 2016 Equity Incentive Plan with a grant date value of approximately $2,000,000. The
RSU award will vest over three years, with 40% of the RSUs vesting after 12 months of continuous service from the vesting start date, the next 40% of the RSUs vesting in the subsequent 12 months of continuous service in equal quarterly installments and the remaining 20% of the RSUs vesting in the remaining 12 months of continuous service in equal quarterly installments. Mr. Phan will also receive a sign-on bonus of $300,000 in cash, payable on the Company’s first payroll cycle, and subject to reimbursement if Mr. Phan voluntarily resigns or is terminated for cause within 12 months of the Effective Date.
Mr. Phan will also be eligible to participate in the compensation and benefit programs generally available to the Company’s executive officers.
In connection with this appointment, the Company and Mr. Phan entered into the Company’s standard form of indemnification agreement, a copy of which was filed as Exhibit 10.5 to Form S-1 filed with the SEC on September 21, 2017.
Mr. Phan does not have a family relationship with any of the officers or directors of the Company. Mr. Phan was not appointed pursuant to any arrangement or understanding between such individual and any other person.
There are no related party transactions reportable under Item 404(a) of Regulation S-K.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
On February 26, 2026, the Board of Directors (the “Board”) of the Company, upon the recommendation of the Nominating and Corporate Governance Committee of the Board, approved and adopted the Amended and Restated Bylaws of the Company (the “Amended and Restated Bylaws”), effective as of such date.
The Amended and Restated Bylaws implement “proxy access” by permitting a stockholder, or group of up to 20 stockholders, to nominate up to two director candidates or, if greater, up to 20% of the number of directors then serving on the Board, if the stockholder or group has owned at least three percent of the Company’s common stock continuously for at least three years and satisfies certain eligibility, procedural and disclosure requirements set forth in the Amended and Restated Bylaws.
The foregoing description is qualified in its entirety by reference to the text of the Amended and Restated Bylaws, which are attached hereto as Exhibit 3.1 and incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| | | | | | | | |
| Exhibit No. | | Description |
| 3.1 | | Amended and Restated Bylaws |
| 99.1 | | Press Release, dated March 2, 2026. |
| 104 | | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | | | | |
| MONGODB, INC. |
| | | |
| | | |
| | | |
Dated: March 2, 2026 | By: | | /s/ Chirantan J. Desai |
| | | Name: Chirantan J. Desai
Title: President and Chief Executive Officer |
MongoDB, Inc. Announces Fourth Quarter Fiscal 2026 Financial Results
Fourth Quarter Fiscal 2026 Total Revenue of $695.1 million, up 27% year-over-year
Full Year Fiscal 2026 Total Revenue of $2.46 billion, up 23% year-over-year
Atlas Revenue up 29% year-over-year in the Fourth Quarter and Full Year Fiscal 2026
Added 2,700 Customers, with Over 65,200 Total Customers as of January 31, 2026
NEW YORK - March 2, 2026 - MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the fourth quarter ended January 31, 2026.
"We delivered strong fourth quarter results driven by our continued go-to-market execution and the broad-based demand we are seeing across our product lines, as customers deploy additional elements of the MongoDB platform. At the same time, we significantly outperformed on operating margin, achieving a rule of 40 performance and demonstrating we can drive durable revenue growth while simultaneously expanding margin," said CJ Desai, President and Chief Executive Officer of MongoDB.
"Whether it's AI & digital natives looking for a highly performant solution that dynamically scales, a large enterprise looking for multi-cloud resiliency for their mission critical applications, or a customer seeking an integrated offering for AI agents with features such as search, vector search and embeddings in a single intelligent data layer, customers are excited about the strength of the MongoDB platform, the innovations we have been bringing to market, and plan to deliver in the years to come."
Fourth Quarter Fiscal 2026 Financial Highlights
•Revenue: Total revenue was $695.1 million for the fourth quarter of fiscal 2026, an increase of 27% year-over-year. Subscription revenue was $673.1 million, an increase of 27% year-over-year, and services revenue was $22.0 million, an increase of 26% year-over-year.
•Gross Profit: Gross profit was $507.7 million for the fourth quarter of fiscal 2026, representing a 73% gross margin compared to 73% in the year-ago period. Non-GAAP gross profit was $524.7 million, representing a 75% non-GAAP gross margin, compared to a non-GAAP gross margin of 75% in the year-ago period.
•Income (Loss) from Operations: Income from operations was $0.3 million for the fourth quarter of fiscal 2026, compared to a loss from operations of $18.6 million in the year-ago period. Non-GAAP income from operations was $158.8 million, compared to non-GAAP income from operations of $112.5 million in the year-ago period.
•Net Income: Net income was $15.5 million, or $0.18 per share, based on 86.5 million diluted weighted-average shares outstanding, for the fourth quarter of fiscal 2026. This compares to a net income of $15.8 million, or $0.19 per share, in the year-ago period. Non-GAAP net income was $142.7 million, or $1.65 per share, based on 86.5 million fully diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $108.4 million, or $1.28, per share in the year-ago period.
•Cash Flow: As of January 31, 2026, MongoDB had $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended January 31, 2026, MongoDB generated $179.6 million of cash from operations, compared to $50.5 million of cash from operations in the year-ago period. MongoDB used $1.1 million of cash in capital expenditures and used $1.7 million of cash in principal payments of finance leases, leading to free cash flow of $176.7 million, compared to free cash flow of $22.9 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.”
Fourth Quarter Fiscal 2026 and Recent Business Highlights
•At its flagship MongoDB.local San Francisco event, MongoDB announced the integration of its core database with industry-leading embedding and reranking models from Voyage AI by MongoDB. This integration creates a unified data intelligence layer for production AI, allowing developers to build sophisticated applications at scale with reduced hallucination risk and no requirement to move or duplicate data.
•MongoDB introduced a set of new AI capabilities designed to simplify how intelligent applications are built and operated. The launch included five new embedding models from Voyage AI by MongoDB (including the Voyage 4 series), Automated Embedding for MongoDB Community Vector Search, and new embedding and reranking AI model APIs for Atlas. Additionally, MongoDB launched an AI-powered data operations assistant for MongoDB Compass and Atlas Data Explorer.
•MongoDB announced an expansion to its MongoDB for Startups program; a reciprocal partner ecosystem that gives AI-first startups a production-ready data foundation and integrated stack from day one. MongoDB for Startups members now represent more than $200 billion in aggregate valuation, and MongoDB is increasing its Bay Area investment to deepen engagement with high-growth AI founders and drive long-term AI workloads on MongoDB.
•MongoDB was recognized as the Amazon Web Services (AWS) Global Technology Partner of the Year, reflecting the deep integration between MongoDB Atlas and AWS’s leading AI services—including Amazon Bedrock, Amazon SageMaker, and Amazon Q—and our shared focus on helping customers modernize applications and ship production generative AI workloads faster and more efficiently.
Leadership Update
Effective March 3rd, 2026, Erica Volini joins MongoDB as Chief Customer Officer to accelerate the company's next phase of growth. Erica brings a rare blend of experience serving large enterprise customers and scaling partner led growth – from leading a multi-billion dollar practice at Deloitte to most recently scaling ServiceNow's partner ecosystem and broader GTM strategy, as the company exceeded $10 billion in annual revenue.
MongoDB is also announcing that Cedric Pech, President of Field Operations, and Paul Capombassis, Chief Revenue Officer (CRO), are leaving MongoDB. This transition has been planned for some time, and the management team believes now is the right moment for this change. MongoDB extends the company's sincere gratitude for their contributions over the last decade, where they have been instrumental in building the foundation of the GTM engine. MongoDB has a deep bench of go-to-market talent, and the team is well-positioned to execute against its objectives without disruption. MongoDB is also in the latter stages of an executive search for a new CRO. To ensure operational continuity, Mr. Capombassis will remain as CRO through the end of the first quarter. He will serve as an advisor in the second quarter to ensure a seamless transition to the new CRO.
First Quarter Fiscal Year 2027 Guidance
Based on information available to management as of today, March 2, 2026, MongoDB is issuing the following financial guidance for the first quarter fiscal 2027.
| | | | | | | | | | | |
| Revenues are expected to be in the range of: | $659 million to $664 million |
| GAAP | | Non-GAAP |
| Income (Loss) from Operations are expected to be in the range of: | $(48.0) million to $(44.0) million | | $105.0 million to $109.0 million |
| Net Income (Loss) per Share is expected to be in the range of: | $(0.34) to $(0.29) | | $1.15 to $1.19 |
Full Year Fiscal 2027 Guidance
Based on information available to management as of today, March 2, 2026, MongoDB is issuing the following financial guidance for the full year fiscal 2027.
| | | | | | | | | | | |
| Revenues are expected to be in the range of: | $2.860 billion to $2.900 billion |
| GAAP | | Non-GAAP |
| Income (Loss) from Operations are expected to be in the range of: | $(117.0) million to $(97.0) million | | $545.0 million to $565.0 million |
| Net Income (Loss) per Share is expected to be in the range of: | $(0.73) to $(0.49) | | $5.75 to $5.93 |
Conference Call InformationMongoDB will host a conference call today, March 2, 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, 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 fourth 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 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; global political changes; the effects of the ongoing military conflicts between Russia and Ukraine and Israel and Hamas and recent events in Venezuela 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; reputational harm or other adverse consequences resulting from use of AI and ML in our product offerings and internal operations if they don't produce the desired benefits; our limited operating history; our history of losses; our potential failure to repurchase shares of our common stock at favorable prices, if at all; 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, including AI and ML; social, ethical and security issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships; 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; our ability to continue to increase revenue from our Atlas platform; the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as AI and ML, 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 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; our ability to integrate acquisitions and work with our strategic partners effectively; 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 Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2025, filed with the SEC on December 2, 2025. Additional information will be made available in our Annual Report on Form 10-K for the fiscal year ended January 31, 2026, 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;
•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. 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 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.
About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries with software and data. MongoDB's unified, intelligent data platform was built to power the next generation of applications, and MongoDB is the most widely available, globally distributed database on the market. With integrated capabilities for operational data, search, real-time analytics, and AI-powered retrieval, MongoDB helps organizations everywhere move faster, innovate more efficiently, and simplify complex architectures.
Millions of developers and more than 60,000 customers across almost every industry—including approximately 75% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit mongodb.com.
Investor Relations
Jess Lubert
jess.lubert@mongodb.com
Media Relations
MongoDB
press@mongodb.com
MONGODB, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands of U.S. dollars, except share and per share data)
(unaudited)
| | | | | | | | | | | |
| January 31, 2026 | | January 31, 2025 |
Assets | | | |
| Current assets: | | | |
Cash and cash equivalents | $ | 1,083,540 | | | $ | 490,133 | |
| Short-term investments | 1,303,701 | | | 1,846,444 | |
Accounts receivable, net of allowance for doubtful accounts of $12,979 and $8,888 as of January 31, 2026 and January 31, 2025, respectively | 499,002 | | | 393,099 | |
Deferred commissions | 131,442 | | | 112,632 | |
Prepaid expenses and other current assets | 97,170 | | | 81,214 | |
Total current assets | 3,114,855 | | | 2,923,522 | |
| | | |
| Property and equipment, net | 39,773 | | | 46,377 | |
| Operating lease right-of-use assets | 28,978 | | | 34,607 | |
| Goodwill | 191,397 | | | 69,679 | |
| Intangible assets, net | 34,502 | | | 24,597 | |
| Deferred tax assets | 26,021 | | | 20,810 | |
Other assets | 323,322 | | | 310,701 | |
Total assets | $ | 3,758,848 | | | $ | 3,430,293 | |
| Liabilities and Stockholders’ Equity | | | |
| Current liabilities: | | | |
Accounts payable | $ | 20,269 | | | $ | 10,467 | |
Accrued compensation and benefits | 143,046 | | | 120,354 | |
Operating lease liabilities | 9,259 | | | 9,126 | |
Other accrued liabilities | 109,803 | | | 87,659 | |
Deferred revenue | 387,119 | | | 334,381 | |
| | | |
Total current liabilities | 669,496 | | | 561,987 | |
| Deferred tax liability | 352 | | | 262 | |
Operating lease liabilities | 23,600 | | | 27,374 | |
Deferred revenue | 83,588 | | | 25,404 | |
| | | |
Other liabilities | 29,454 | | | 33,042 | |
Total liabilities | 806,490 | | | 648,069 | |
| | | |
| Stockholders’ equity: | | | |
Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of January 31, 2026 and January 31, 2025; 83,370,769 shares issued and 80,492,774 shares outstanding as of January 31, 2026; 80,558,847 shares issued and 80,467,811 shares outstanding as of January 31, 2025 | 81 | | | 78 | |
| Additional paid-in capital | 5,345,494 | | | 4,625,093 | |
Treasury stock, 2,877,995 shares (repurchased at an average of $171.84 per share) as of January 31, 2026 and 99,371 shares (repurchased at an average of $13.27 per share) as of January 31, 2025 | (494,569) | | | (1,319) | |
| Accumulated other comprehensive income (loss) | 13,207 | | | (924) | |
Accumulated deficit | (1,911,855) | | | (1,840,704) | |
| Total stockholders’ equity | 2,952,358 | | | 2,782,224 | |
| Total liabilities and stockholders’ equity | $ | 3,758,848 | | | $ | 3,430,293 | |
MONGODB, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands of U.S. dollars, except share and per share data)
(unaudited)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, |
| 2026 | | 2025 | | 2026 | | 2025 |
Revenue: | | | | | | | |
Subscription | $ | 673,100 | | | $ | 530,958 | | | $ | 2,385,977 | | | $ | 1,943,864 | |
Services | 21,972 | | | 17,440 | | | 77,820 | | | 62,579 | |
Total revenue | 695,072 | | | 548,398 | | | 2,463,797 | | | 2,006,443 | |
| Cost of revenue: | | | | | | | |
Subscription(1) | 155,076 | | | 122,676 | | | 571,531 | | | 441,404 | |
Services(1) | 32,336 | | | 26,339 | | | 124,527 | | | 93,892 | |
Total cost of revenue | 187,412 | | | 149,015 | | | 696,058 | | | 535,296 | |
| Gross profit | 507,660 | | | 399,383 | | | 1,767,739 | | | 1,471,147 | |
Operating expenses: | | | | | | | |
Sales and marketing(1) | 248,537 | | | 212,211 | | | 944,389 | | | 871,148 | |
Research and development(1) | 189,125 | | | 150,400 | | | 716,303 | | | 596,837 | |
General and administrative(1) | 69,694 | | | 55,334 | | | 244,015 | | | 219,226 | |
Total operating expenses | 507,356 | | | 417,945 | | | 1,904,707 | | | 1,687,211 | |
| Income (loss) from operations | 304 | | | (18,562) | | | (136,968) | | | (216,064) | |
| Other income, net | 19,099 | | | 22,716 | | | 81,277 | | | 84,465 | |
| Income (loss) before provision for (benefit from) income taxes | 19,403 | | | 4,154 | | | (55,691) | | | (131,599) | |
| Provision for (benefit from) income taxes | 3,873 | | | (11,672) | | | 15,460 | | | (2,527) | |
Net income (loss) | $ | 15,530 | | | $ | 15,826 | | | $ | (71,151) | | | $ | (129,072) | |
| | | | | | | |
| Net income (loss) per share: | | | | | | | |
Basic | $ | 0.19 | | | $ | 0.20 | | | $ | (0.88) | | | $ | (1.73) | |
| Diluted | $ | 0.18 | | | $ | 0.19 | | | $ | (0.88) | | | $ | (1.73) | |
| | | | | | | |
Weighted-average shares used to compute net income (loss) per share: | | | | | | | |
| Basic | 81,281,748 | | | 77,631,824 | | | 81,246,520 | | | 74,555,001 | |
| Diluted | 86,457,703 | | | 84,594,079 | | | 81,246,520 | | | 74,555,001 | |
(1) Includes stock‑based compensation expense as follows:
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, |
| 2026 | | 2025 | | 2026 | | 2025 |
Cost of revenue—subscription | $ | 8,444 | | | $ | 7,982 | | | $ | 34,660 | | | $ | 29,548 | |
Cost of revenue—services | 4,444 | | | 3,766 | | | 17,183 | | | 13,917 | |
Sales and marketing | 37,454 | | | 40,124 | | | 149,786 | | | 161,317 | |
Research and development | 70,808 | | | 58,156 | | | 279,581 | | | 226,367 | |
General and administrative | 22,843 | | | 15,014 | | | 69,244 | | | 62,791 | |
Total stock‑based compensation expense | $ | 143,993 | | | $ | 125,042 | | | $ | 550,454 | | | $ | 493,940 | |
MONGODB, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands of U.S. dollars)
(unaudited)
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, |
| 2026 | | 2025 | | 2026 | | 2025 |
| Cash flows from operating activities | | | | | | | |
| Net income (loss) | $ | 15,530 | | | $ | 15,826 | | | $ | (71,151) | | | $ | (129,072) | |
| Adjustments to reconcile net loss to net cash provided by operating activities: | | | | | | | |
| Depreciation and amortization | 5,740 | | | 2,171 | | | 22,394 | | | 11,751 | |
| Stock-based compensation | 143,993 | | | 125,042 | | | 550,454 | | | 493,940 | |
| Amortization of debt discount and issuance costs | — | | | — | | | — | | | 2,419 | |
| Amortization of finance right-of-use assets | 993 | | | 993 | | | 3,974 | | | 3,974 | |
| Amortization of operating right-of-use assets | 2,546 | | | 2,948 | | | 11,044 | | | 11,248 | |
| Deferred income taxes | (2,471) | | | (15,995) | | | (3,158) | | | (16,794) | |
| Amortization of premium and accretion of discount on short-term investments, net | (2,094) | | | (5,942) | | | (10,843) | | | (25,059) | |
| | | | | | | |
| Realized and unrealized loss (gain) on financial instruments, net | 500 | | | 253 | | | 1,063 | | | (937) | |
| Unrealized foreign exchange loss (gain) | 1,078 | | | (2,956) | | | 2,118 | | | (964) | |
| Change in operating assets and liabilities, net of effects of business combinations: | | | | | | | |
| Accounts receivable, net | (81,222) | | | (57,978) | | | (106,410) | | | (69,236) | |
| Prepaid expenses and other current assets | (9,173) | | | (24,231) | | | (11,056) | | | (24,813) | |
| Deferred commissions | (20,743) | | | (30,333) | | | (9,791) | | | (69,127) | |
| Other long-term assets | 992 | | | (12,973) | | | (13,007) | | | (30,677) | |
| Accounts payable | 5,361 | | | (1,028) | | | 8,916 | | | 541 | |
| Accrued liabilities | 16,907 | | | 2,760 | | | 27,830 | | | 25,254 | |
| Operating lease liabilities | (2,784) | | | (2,931) | | | (11,105) | | | (12,076) | |
Deferred revenue | 102,907 | | | 54,990 | | | 112,366 | | | (16,362) | |
Other liabilities, non-current | 1,544 | | | (78) | | | 1,510 | | | (3,819) | |
| Net cash provided by operating activities | 179,604 | | | 50,538 | | | 505,148 | | | 150,191 | |
| Cash flows from investing activities | | | | | | | |
| Purchases of property, equipment and other assets | (1,134) | | | (25,979) | | | (4,960) | | | (29,550) | |
| | | | | | | |
| | | | | | | |
| Business combination, net of cash acquired | — | | | — | | | (2,032) | | | — | |
| Investments in non-marketable securities | (866) | | | (5,500) | | | (9,188) | | | (11,250) | |
| Proceeds from the sales of marketable securities | — | | | 44,984 | | | 127,660 | | | 44,984 | |
| Proceeds from maturities of marketable securities | 249,000 | | | 182,600 | | | 844,970 | | | 752,600 | |
Purchases of marketable securities | (80,343) | | | (442,421) | | | (417,635) | | | (1,414,224) | |
| Net cash provided by (used in) investing activities | 166,657 | | | (246,316) | | | 538,815 | | | (657,440) | |
| Cash flows from financing activities | | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| Repurchases of common stock | (57,254) | | | — | | | (400,333) | | | — | |
| Proceeds from settlement of capped calls | — | | | (366) | | | — | | | 170,223 | |
| Proceeds from the issuance of common stock under the Employee Stock Purchase Plan | 17,907 | | | 34,427 | | | 40,824 | | | 36,048 | |
| Proceeds from exercise of stock options | 861 | | | (16,672) | | | 3,183 | | | 1,968 | |
| | | | | | | |
| | | | | | | |
| Taxes paid related to net share settlement of equity awards | (60,078) | | | — | | | (98,574) | | | — | |
Principal payments of finance leases | (1,739) | | | (1,645) | | | (7,539) | | | (6,179) | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| | | | | | | |
| Net cash (used in) provided by financing activities | (100,303) | | | 15,744 | | | (462,439) | | | 202,060 | |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3,497 | | | (2,876) | | | 12,348 | | | (5,701) | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 249,455 | | | (182,910) | | | 593,872 | | | (310,890) | |
Cash, cash equivalents and restricted cash, beginning of period | 837,170 | | | 675,663 | | | 492,753 | | | 803,643 | |
Cash, cash equivalents and restricted cash, end of period | $ | 1,086,625 | | | $ | 492,753 | | | $ | 1,086,625 | | | $ | 492,753 | |
MONGODB, INC.
RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES
(in thousands of U.S. dollars, except share and per share data)
(unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, | | | |
| 2026 | | 2025 | | 2026 | | 2025 | | | |
| Reconciliation of GAAP gross profit to non-GAAP gross profit: | | | | | | | | | | |
| Gross profit on a GAAP basis | $ | 507,660 | | | $ | 399,383 | | | $ | 1,767,739 | | | $ | 1,471,147 | | | | |
| Gross margin (Gross profit/Total revenue) on a GAAP basis | 73 | % | | 73 | % | | 72 | % | | 73 | % | | | |
| Add back: | | | | | | | | | | |
| Expenses associated with stock-based compensation: Cost of Revenue—Subscription | 9,080 | | | 8,220 | | | 35,832 | | | 30,365 | | | | |
| Expenses associated with stock-based compensation: Cost of Revenue—Services | 4,939 | | | 4,114 | | | 18,748 | | | 14,507 | | | | |
| Restructuring | — | | | — | | | 88 | | | — | | | | |
| Amortization of intangible assets | 3,023 | | | — | | | 11,441 | | | — | | | | |
| Non-GAAP gross profit | $ | 524,702 | | | $ | 411,717 | | | $ | 1,833,848 | | | $ | 1,516,019 | | | | |
| Non-GAAP gross margin (Non-GAAP gross profit/Total revenue) | 75 | % | | 75 | % | | 74 | % | | 76 | % | | | |
| | | | | | | | | | |
| Reconciliation of GAAP operating expenses to non-GAAP operating expenses: | | | | | | | | | | |
| Sales and marketing operating expense on a GAAP basis | $ | 248,537 | | | $ | 212,211 | | | $ | 944,389 | | | $ | 871,148 | | | | |
| Less: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 40,734 | | | 41,725 | | | 156,906 | | | 166,854 | | | | |
| Restructuring | (254) | | | — | | | 4,521 | | | — | | | | |
| Amortization of intangible assets | — | | | — | | | — | | | 85 | | | | |
| Non-GAAP sales and marketing operating expense | $ | 208,057 | | | $ | 170,486 | | | $ | 782,962 | | | $ | 704,209 | | | | |
| | | | | | | | | | |
| Research and development operating expense on a GAAP basis | $ | 189,125 | | | $ | 150,400 | | | $ | 716,303 | | | $ | 596,837 | | | | |
| Less: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 76,848 | | | 61,091 | | | 290,415 | | | 234,257 | | | | |
| Restructuring | — | | | — | | | 159 | | | — | | | | |
| Amortization of intangible assets | 170 | | | 170 | | | 680 | | | 3,078 | | | | |
| Certain acquisition-related costs and other | — | | | — | | | 40 | | | — | | | | |
| Non-GAAP research and development operating expense | $ | 112,107 | | | $ | 89,139 | | | $ | 425,009 | | | $ | 359,502 | | | | |
| | | | | | | | | | |
| General and administrative operating expense on a GAAP basis | $ | 69,694 | | | $ | 55,334 | | | $ | 244,015 | | | $ | 219,226 | | | | |
| Less: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 24,020 | | | 15,725 | | | 72,472 | | | 66,194 | | | | |
| Restructuring | (55) | | | — | | | (55) | | | — | | | | |
| Certain acquisition-related costs and other | — | | | — | | | 1,894 | | | — | | | | |
| Non-GAAP general and administrative operating expense | $ | 45,729 | | | $ | 39,609 | | | $ | 169,704 | | | $ | 153,032 | | | | |
| | | | | | | | | | |
| Reconciliation of GAAP loss from operations to non-GAAP income from operations: | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, | | | |
| 2026 | | 2025 | | 2026 | | 2025 | | | |
| Income (loss) from operations on a GAAP basis | $ | 304 | | | $ | (18,562) | | | $ | (136,968) | | | $ | (216,064) | | | | |
| GAAP operating margin (Loss from operations/Total revenue) | — | % | | (3) | % | | (6) | % | | (11) | % | | | |
| Add back: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 155,621 | | | 130,874 | | | 574,373 | | | 512,177 | | | | |
| Restructuring | (309) | | | — | | | 4,713 | | | — | | | | |
| Amortization of intangible assets | 3,193 | | | 170 | | | 12,121 | | | 3,163 | | | | |
| Certain acquisition-related costs and other | — | | | — | | | 1,934 | | | — | | | | |
| Non-GAAP income from operations | $ | 158,809 | | | $ | 112,482 | | | $ | 456,173 | | | $ | 299,276 | | | | |
| Non-GAAP operating margin (Non-GAAP income from operations/Total revenue) | 23 | % | | 21 | % | | 19 | % | | 15 | % | | | |
| | | | | | | | | | |
| Reconciliation of GAAP net loss to non-GAAP net income: | | | | | | | | | | |
| Net income (loss) on a GAAP basis | $ | 15,530 | | | $ | 15,826 | | | $ | (71,151) | | | $ | (129,072) | | | | |
| Add back: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 155,621 | | | 130,874 | | | 574,373 | | | 512,177 | | | | |
| Restructuring | (309) | | | — | | | 4,713 | | | — | | | | |
| Amortization of intangible assets | 3,193 | | | 170 | | | 12,121 | | | 3,163 | | | | |
| Certain acquisition-related costs and other | — | | | — | | | 1,934 | | | — | | | | |
| Amortization of debt issuance costs related to convertible senior notes | — | | | — | | | — | | | 2,419 | | | | |
| Less: | | | | | | | | | | |
| Gain (loss) on financial instruments, net | (500) | | | (253) | | | (1,063) | | | 937 | | | | |
Income tax effects and adjustments * | 31,809 | | | 38,762 | | | 92,243 | | | 79,572 | | | | |
| Non-GAAP net income | $ | 142,726 | | | $ | 108,361 | | | $ | 430,810 | | | $ | 308,178 | | | | |
| | | | | | | | | | |
| Reconciliation of GAAP net loss per share, diluted, to non-GAAP net income per share, fully diluted: | | | | | | | | | | |
| Net income (loss) per share, diluted, on a GAAP basis | $ | 0.18 | | | $ | 0.19 | | | $ | (0.88) | | | $ | (1.73) | | | | |
| Add back: | | | | | | | | | | |
| Expenses associated with stock-based compensation | 1.80 | | | 1.55 | | | 7.07 | | | 6.87 | | | | |
| Restructuring | — | | | — | | | 0.06 | | | — | | | | |
| Amortization of intangible assets | 0.04 | | | — | | | 0.15 | | | 0.04 | | | | |
| Certain acquisition-related costs and other | — | | | — | | | 0.02 | | | — | | | | |
| Amortization of debt issuance costs related to convertible senior notes | — | | | — | | | — | | | 0.03 | | | | |
| Less: | | | | | | | | | | |
| Gain (loss) on financial instruments, net | (0.01) | | | — | | | (0.01) | | | 0.01 | | | | |
| Income tax effects and adjustments * | 0.38 | | | 0.46 | | | 1.14 | | | 1.07 | | | | |
| Non-GAAP net income per share, diluted | $ | 1.65 | | | $ | 1.28 | | | $ | 5.29 | | | $ | 4.13 | | | | |
| Adjustment for fully diluted earnings per share | — | | | — | | | (0.32) | | | (0.47) | | | | |
| Non-GAAP net income per share, fully diluted ** | $ | 1.65 | | | $ | 1.28 | | | $ | 4.97 | | | $ | 3.66 | | | | |
* Non-GAAP financial information is adjusted for an assumed benefit (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.
** Fully diluted non-GAAP net income per share is calculated based upon 86.5 million and 86.7 million of fully diluted weighted-average shares of outstanding common stock for the three and twelve months ended January 31, 2026, respectively, and 84.6 million and 84.1 million of fully diluted weighted-average shares of outstanding common stock for the three and twelve months ended January 31, 2025, 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 January 31, | | Years Ended January 31, |
| 2026 | | 2025 | | 2026 | | 2025 |
| Net cash provided by operating activities | $ | 179,604 | | | $ | 50,538 | | | $ | 505,148 | | | $ | 150,191 | |
| Capital expenditures | (1,134) | | | (25,979) | | | (4,960) | | | (29,550) | |
| Principal payments of finance leases | (1,739) | | | (1,645) | | | (7,539) | | | (6,179) | |
| | | | | | | |
Free cash flow | $ | 176,731 | | | $ | 22,914 | | | $ | 492,649 | | | $ | 114,462 | |
MONGODB, INC.
RECONCILIATION OF GAAP GUIDANCE TO NON-GAAP GUIDANCE
FIRST QUARTER & FULL YEAR FISCAL 2027
(in millions of U.S. dollars, except share and per share data)
(unaudited)
| | | | | | | | | | | |
| First Quarter
Fiscal 2027 | | Full Year
Fiscal 2027 |
| Income (loss) from operations - GAAP Guidance | $(48.0) to $(44.0) | | $(117.0) to $(97.0) |
| Add back: | | | |
| Expenses associated with stock-based compensation | 150.0 | | 650.0 |
| | | |
| Amortization of intangible assets | 3.0 | | 12.0 |
| | | |
| Income (loss) from operations- Non-GAAP Guidance | $105.0 to $109.0 | | $545.0 to $565.0 |
| | | | | | | | | | | |
| First Quarter
Fiscal 2027 | | Full Year
Fiscal 2027 |
| Net income (loss) per share - GAAP Guidance | $(0.34) to $(0.29) | | $(0.73) to $(0.49) |
| Add back: | | | |
| Expenses associated with stock-based compensation | 1.85 | | 7.95 |
| | | |
| Amortization of intangible assets | 0.04 | | 0.15 |
| | | |
| Less: | | | |
| | | |
| Income tax effects and adjustments* | 0.33 to 0.44 | | 1.27 to 1.32 |
Adjustment for fully diluted earnings per share
| (0.07) | | (0.35) to (0.36) |
| Net income (loss) per share - Non-GAAP Guidance | $1.15 to $1.19 | | $5.75 to $5.93 |
| | | |
* 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.
MONGODB, INC.
CUSTOMER COUNT METRICS
The following table presents certain customer count information as of the periods indicated:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| 1/31/2024 | | 4/30/2024 | | 7/31/2024 | | 10/31/2024 | | 1/31/2025 | | 4/30/2025 | | 7/31/2025 | | 10/31/2025 | | 1/31/2026 |
Total Customers(a) | 47,800+ | | 49,200+ | | 50,700+ | | 52,600+ | | 54,500+ | | 57,100+ | | 59,900+ | | 62,500+ | | 65,200+ |
| | | | | | | | | | | | | | | | | |
Atlas Customers(b) | 46,300+ | | 47,700+ | | 49,200+ | | 51,100+ | | 53,100+ | | 55,800+ | | 58,500+ | | 61,200+ | | 63,900+ |
Customers over $100K(c) | 2,052 | | 2,137 | | 2,189 | | 2,314 | | 2,396 | | 2,506 | | 2,564 | | 2,694 | | 2,799 |
| | | | | | | | | | | | | | | | | |
(a) Our definition of “customer” excludes users of our free offerings and all affiliated entities are counted as a single customer.
(b) For the fourth quarter ended January 31, 2026, our Atlas customer count includes Voyage customers, consistent with their inclusion in Atlas (cloud) revenue. Prior-period amounts for the Atlas customer count have been adjusted to conform to the current presentation where applicable and total customer count remains unchanged.
(c) Represents the number of customers with $100,000 or greater in annualized recurring revenue (“ARR”). 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 Atlas, by annualizing the prior 90 days of their actual consumption of Atlas, assuming no increases or reductions in their subscriptions or usage. For all other customers of our self-serve products, we calculate ARR by annualizing the prior 30 days of their actual consumption of such products, assuming no increases or reductions in usage. ARR excludes professional services.
MONGODB, INC.
SUPPLEMENTAL REVENUE INFORMATION
The following table presents certain supplemental revenue information as of the periods indicated:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| 1/31/2024 | | 4/30/2024 | | 7/31/2024 | | 10/31/2024 | | 1/31/2025 | | 4/30/2025 | | 7/31/2025 | | 10/31/2025 | | 1/31/2026 |
MongoDB Enterprise Advanced: % of Subscription Revenue | 26 | % | | 25 | % | | 24 | % | | 25 | % | | 23 | % | | 22 | % | | 21 | % | | 20 | % | | 21 | % |
| | | | | | | | | | | | | | | | | |
The following table presents the Company’s revenues disaggregated by subscription product categories and services (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | |
| Three Months Ended January 31, | | Years Ended January 31, |
| Subscription product categories and services: | 2026 | | 2025 | | 2026 | | 2025 |
| Atlas-related | $ | 502,604 | | | $ | 389,042 | | | $ | 1,807,866 | | | $ | 1,405,184 | |
| Other subscription | 170,496 | | | 141,916 | | | 578,111 | | | 538,680 | |
| Services | 21,972 | | | 17,440 | | | 77,820 | | | 62,579 | |
Total | $ | 695,072 | | | $ | 548,398 | | | $ | 2,463,797 | | | $ | 2,006,443 | |
