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MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial ResultsMay 28, 2026 4:05 PM
PR Newswire (US) First quarter fiscal 2027 total revenue of $687.6 million, up 25% year-over-yearAtlas revenue up more than 29% year-over-year in the first quarter fiscal 2027EA & other revenue up more than 13% year-over-year in the first quarter fiscal 2027Raising full-year fiscal 2027 guidance driven mainly by strength in AtlasNEW YORK, May 28, 2026 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the first quarter ended April 30, 2026. "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 HighlightsRevenue: Total revenue was $687.6 million for the first quarter of fiscal 2027, an increase of 25% year-over-year. Subscription revenue was $666.1 million, an increase of 25% year-over-year, and services revenue was $21.5 million, an increase of 22% year-over-year.Gross Profit: Gross profit was $496.2 million for the first quarter of fiscal 2027, representing a 72% gross margin compared to 71% in the year-ago period. Non-GAAP gross profit was $512.2 million, representing a 74% non-GAAP gross margin, consistent with the year-ago period.Loss from Operations: Loss from operations was $24.8 million for the first quarter of fiscal 2027, compared to a loss from operations of $53.6 million in the year-ago period. Non-GAAP income from operations was $123.2 million, compared to non-GAAP income from operations of $87.4 million in the year-ago period.Net Income (Loss): Net income was $4.4 million, or $0.05 per share, based on 81.6 million diluted weighted-average shares outstanding, for the first quarter of fiscal 2027. This compares to a net loss of $37.6 million, or $0.46 per share, based on 81.1 million basic and diluted weighted-average shares outstanding in the year-ago period. Non-GAAP net income was $112.3 million, or $1.32 per share, based on 85.3 million fully diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $86.3 million, or $1.00, based on 86.3 million fully diluted weighted-average shares outstanding in the year-ago period.Remaining Performance Obligations ("RPO"): RPO was $1,458.6 million, an increase of 88% year-over-year. Current Remaining RPO ("cRPO") was $766.3 million, an increase of 69% year-over-year.Cash Flow: As of April 30, 2026, MongoDB had $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2026, MongoDB generated $201.6 million of cash from operations, compared to $109.9 million of cash from operations in the year-ago period. MongoDB used $2.3 million of cash in capital expenditures and used $1.8 million of cash in principal payments of finance leases, leading to free cash flow of $197.5 million, compared to free cash flow of $105.9 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."First Quarter Fiscal 2027 Recent Business HighlightsMongoDB 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 its Dublin international headquarters and new Cork office by 2027, while helping customers in Ireland'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 GuidanceBased 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: $729 million to $734 million
GAAP
Non-GAAPIncome (Loss) from Operations are expected to be in the range of:$(10.0) million to
$(6.0) million
$152.0 million to
$156.0 millionNet Income (Loss) per Share is expected to be in the range of:$0.08 to $0.12
$1.58 to $1.61Full Year Fiscal 2027 GuidanceBased 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: $2.92 billion to $2.96 billion
GAAP
Non-GAAPIncome (Loss) from Operations are expected to be in the range of:$(78.0) million to
$(58.0) million
$571.0 million to
$591.0 millionNet Income (Loss) per Share is expected to be in the range of:$0.15 to $0.39
$5.95 to $6.14Conference Call InformationMongoDB 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 StatementsThis 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 Iran, the unrest in Mexico, the conflicts between Russia and Ukraine, 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, for both traditional and emerging use cases; 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 Annual Report on Form 10-K for the fiscal year ended January 31, 2026, filed with the SEC on March 11, 2026. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2026, and other filings and reports that the Company may file from time to time with the SEC. Except as required by law, the Company undertakes 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 MeasuresThis 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; andin 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 ObligationsRemaining 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 MongoDBHeadquartered 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 67,000 customers across almost every industry—including approximately 75% of the Fortune 100—rely on MongoDB for their most important applications. To learn more, visit https://mongodb.com. Investor RelationsJess Lubert
jess.lubert@mongodb.comMedia RelationsMongoDB
press@mongodb.com MONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands of U.S. dollars, except share and per share data)(unaudited)
April 30, 2026
January 31, 2026Assets
Current assets:
Cash and cash equivalents $ 1,036,354
$ 1,083,540Short-term investments1,390,799
1,303,701Accounts receivable, net of allowance for doubtful accounts of $12,252 and $12,979 as of
April 30, 2026 and January 31, 2026, respectively 387,294
499,002Deferred commissions 129,894
131,442Prepaid expenses and other current assets 115,277
97,170Total current assets 3,059,618
3,114,855Property and equipment, net 40,900
39,773Operating lease right-of-use assets26,606
28,978Goodwill 191,397
191,397Intangible assets, net30,851
34,502Deferred tax assets 26,061
26,021Other assets 317,258
323,322Total assets $ 3,692,691
$ 3,758,848Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 41,664
$ 20,269Accrued compensation and benefits 115,563
143,046Operating lease liabilities9,360
9,259Other accrued liabilities 110,516
109,803Deferred revenue 341,076
387,119Total current liabilities 618,179
669,496Deferred tax liability358
352Operating lease liabilities21,067
23,600Deferred revenue91,236
83,588Other liabilities26,891
29,454Total liabilities 757,731
806,490Stockholders' equity:
Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of April 30,
2026 and January 31, 2026; 80,703,488 shares issued and 80,503,576 shares outstanding as of
April 30, 2026; 83,370,769 shares issued and 80,492,774 shares outstanding as of January 31,
202681
81Additional paid-in capital 4,843,315
5,345,494Treasury stock, 199,912 shares (repurchased at an average of $41.43 per share) as of April 30,
2026 and 2,877,995 shares (repurchased at an average of $171.84 per share) as of January 31,
2026(8,283)
(494,569)Accumulated other comprehensive income7,268
13,207Accumulated deficit (1,907,421)
(1,911,855)Total stockholders' equity2,934,960
2,952,358Total liabilities and stockholders' equity$ 3,692,691
$ 3,758,848 MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands of U.S. dollars, except share and per share data)(unaudited)
Three Months Ended April 30,
2026
2025Revenue:
Subscription$ 666,138
$ 531,455Services 21,478
17,559Total revenue 687,616
549,014Cost of revenue:
Subscription(1)164,907
129,585Services(1)26,534
28,456Total cost of revenue 191,441
158,041Gross profit 496,175
390,973Operating expenses:
Sales and marketing(1) 249,334
220,923Research and development(1) 200,409
168,829General and administrative(1) 71,236
54,775Total operating expenses 520,979
444,527Loss from operations (24,804)
(53,554)Other income, net 33,598
20,230Income (loss) before provision for income taxes 8,794
(33,324)Provision for income taxes 4,360
4,302Net 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
Basic80,357,498
81,060,822Diluted81,581,387
81,060,822
(1) Includes stock-based compensation expense as follows:
Three Months Ended April 30,
2026
2025Cost of revenue—subscription $ 8,888
$ 8,395Cost of revenue—services 2,792
3,894Sales and marketing 32,681
39,102Research and development 70,708
66,405General and administrative 22,761
14,635Total stock-based compensation expense $ 137,830
$ 132,431 MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands of U.S. dollars)(unaudited)
Three Months Ended April 30,
2026
2025Cash 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
5,309Stock-based compensation 137,830
132,431Amortization of finance right-of-use assets994
993Amortization of operating right-of-use assets2,578
2,758Deferred income taxes 19
25Amortization 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)
272Unrealized foreign exchange loss148
1,970Change in operating assets and liabilities:
Accounts receivable, net112,951
79,895Prepaid expenses and other current assets (13,388)
(4,973)Deferred commissions 12,239
7,772Other 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)
1,639Net cash provided by operating activities 201,631
109,929Cash 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
198,660Proceeds from non-marketable securities10,718
—Purchases of marketable securities (352,122)
(138,624)Net cash provided by (used in) investing activities (86,923)
51,571Cash flows from financing activities
Repurchases of common stock(100,255)
—Proceeds from exercise of stock options461
579Taxes 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)
8,000Net increase (decrease) in cash, cash equivalents and restricted cash (46,865)
167,685Cash, cash equivalents and restricted cash, beginning of period 1,086,625
492,753Cash, 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 U.S. dollars, except share and per share data)(unaudited)
Three Months Ended April 30,
2026
2025Reconciliation of GAAP gross profit to non-GAAP gross profit:
Gross profit on a GAAP basis$ 496,175
$ 390,973Gross margin (Gross profit/Total revenue) on a GAAP basis72 %
71 %Add back:
Expenses associated with stock-based compensation: Cost of Revenue—Subscription9,147
8,622Expenses associated with stock-based compensation: Cost of Revenue—Services3,976
4,586Amortization of intangible assets2,926
2,367Non-GAAP gross profit$ 512,224
$ 406,548Non-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
$ 220,923Less:
Expenses associated with stock-based compensation34,263
39,904Restructuring357
—Non-GAAP sales and marketing operating expense$ 214,714
$ 181,019
Research and development operating expense on a GAAP basis$ 200,409
$ 168,829Less:
Expenses associated with stock-based compensation73,220
68,177Amortization of intangible assets113
170Certain acquisition-related costs and other—
40Non-GAAP research and development operating expense$ 127,076
$ 100,442
General and administrative operating expense on a GAAP basis$ 71,236
$ 54,775Less:
Expenses associated with stock-based compensation23,670
15,230Certain acquisition-related costs and other303
1,890Non-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 compensation144,276
136,519Restructuring357
—Amortization of intangible assets3,039
2,537Certain acquisition-related costs and other303
1,930Non-GAAP income from operations$ 123,171
$ 87,432Non-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 compensation144,276
136,519Restructuring357
—Amortization of intangible assets3,039
2,537Certain acquisition-related costs and other303
1,930Less:
Gains (loss) on financial instruments, net16,420
(272)Income tax effects and adjustments *23,710
17,285Non-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 compensation1.77
1.68Restructuring—
—Amortization of intangible assets0.04
0.03Certain acquisition-related costs and other—
0.02Less:
Gains (loss) on financial instruments, net0.20
—Income tax effects and adjustments *0.29
0.21Non-GAAP net income per share, diluted$ 1.37
$ 1.06Adjustment 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 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 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
2025Net cash provided by operating activities $ 201,631
$ 109,929Capital 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 GUIDANCESECOND QUARTER & FULL YEAR FISCAL 2027(in millions of U.S. dollars, except share and per share data)(unaudited)
Second QuarterFiscal 2027
Full YearFiscal 2027Income (loss) from operations - GAAP Guidance$(10.0) to $(6.0)
$(78.0) to $(58.0)Add back:
Expenses associated with stock-based compensation158.3
634.6Restructuring—
0.4Amortization of intangible assets3.1
12.4Certain acquisition-related costs and other0.6
1.6Income (loss) from operations - non-GAAP guidance$152.0 to $156.0
$571.0 to $591.0
Second QuarterFiscal 2027
Full YearFiscal 2027Net income (loss) per share - GAAP guidance$0.08 to $0.12
$0.15 to $0.39Add back:
Expenses associated with stock-based compensation1.90
7.59Restructuring—
0.01Amortization of intangible assets0.04
0.15Certain acquisition-related costs and other0.01
0.02Less:
Gains (loss) on financial instruments, net—
0.20Income tax effects and adjustments*0.39 to 0.40
1.55 to 1.60Adjustment for fully diluted earnings per share(0.06)
(0.22)Net income (loss) per share - non-GAAP guidance$1.58 to $1.61
$5.95 to $6.14
* 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
(unaudited) 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
4/30/2026Total Customers(a)49,200+
50,700+
52,600+
54,500+
57,100+
59,900+
62,500+
65,200+
67,700+MongoDB Atlas Customers47,700+
49,200+
51,100+
53,100+
55,800+
58,500+
61,200+
63,900+
66,400+Customers over $100K(b)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 $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
(unaudited) The following table presents certain supplemental revenue 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
4/30/2026MongoDB Enterprise Advanced: % of Subscription Revenue25 %
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
2025Americas $ 412,337
$ 332,867EMEA194,678
150,766Asia Pacific 80,601
65,381Total $ 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
2025Atlas-related$ 512,466
$ 395,893MongoDB Enterprise Advanced and other153,672
135,562Services21,478
17,559Total $ 687,616
$ 549,014 View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-first-quarter-fiscal-2027-financial-results-302784757.htmlSOURCE MongoDB, Inc. Original: MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results
US Market News
3月前
MongoDB, Inc. Announces Fourth Quarter Fiscal 2026 Financial ResultsMarch 2, 2026 4:05 PM
PR Newswire (US)
Fourth Quarter Fiscal 2026 Total Revenue of $695.1 million, up 27% year-over-yearFull Year Fiscal 2026 Total Revenue of $2.46 billion, up 23% year-over-yearAtlas Revenue up 29% year-over-year in the Fourth Quarter and Full Year Fiscal 2026Added 2,700 Customers, with Over 65,200 Total Customers as of January 31, 2026NEW YORK, March 2, 2026 /PRNewswire/ -- 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 HighlightsRevenue: 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 HighlightsAt 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 multibillion 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 GuidanceBased 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 $664 million
GAAP
Non-GAAPIncome (Loss) from Operations are expected to be in the range of:$(48.0) million to $(44.0) million
$105.0 million to $109.0 millionNet Income (Loss) per Share is expected to be in the range of:$(0.34) to $(0.29)
$1.15 to $1.19Full Year Fiscal 2027 GuidanceBased 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 $2.900 billion
GAAP
Non-GAAPIncome (Loss) from Operations are expected to be in the range of:$(117.0) million to $(97.0) million
$545.0 million to $565.0 millionNet Income (Loss) per Share is expected to be in the range of:$(0.73) to $(0.49)
$5.75 to $5.93Conference 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 StatementsThis 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 MeasuresThis 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; andin 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 MongoDBHeadquartered 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 RelationsJess Lubert
jess.lubert@mongodb.comMedia RelationsMongoDB
press@mongodb.comMONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands of U.S. dollars, except share and per share data)
(unaudited)
January 31, 2026
January 31, 2025Assets
Current assets:
Cash and cash equivalents $ 1,083,540
$ 490,133Short-term investments1,303,701
1,846,444Accounts 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
393,099Deferred commissions 131,442
112,632Prepaid expenses and other current assets 97,170
81,214Total current assets 3,114,855
2,923,522Property and equipment, net 39,773
46,377Operating lease right-of-use assets28,978
34,607Goodwill 191,397
69,679Intangible assets, net34,502
24,597Deferred tax assets 26,021
20,810Other assets 323,322
310,701Total assets $ 3,758,848
$ 3,430,293Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 20,269
$ 10,467Accrued compensation and benefits 143,046
120,354Operating lease liabilities9,259
9,126Other accrued liabilities 109,803
87,659Deferred revenue 387,119
334,381Total current liabilities 669,496
561,987Deferred tax liability352
262Operating lease liabilities23,600
27,374Deferred revenue83,588
25,404Other liabilities29,454
33,042Total liabilities 806,490
648,069Stockholders' 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, 202581
78Additional paid-in capital 5,345,494
4,625,093Treasury 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 $13.27 per share) as of
January 31, 2025(494,569)
(1,319)Accumulated other comprehensive income (loss)13,207
(924)Accumulated deficit (1,911,855)
(1,840,704)Total stockholders' equity2,952,358
2,782,224Total liabilities and stockholders' equity$ 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
2025Revenue:
Subscription $ 673,100
$ 530,958
$ 2,385,977
$ 1,943,864Services 21,972
17,440
77,820
62,579Total revenue 695,072
548,398
2,463,797
2,006,443Cost of revenue:
Subscription(1)155,076
122,676
571,531
441,404Services(1)32,336
26,339
124,527
93,892Total cost of revenue 187,412
149,015
696,058
535,296Gross profit 507,660
399,383
1,767,739
1,471,147Operating expenses:
Sales and marketing(1) 248,537
212,211
944,389
871,148Research and development(1) 189,125
150,400
716,303
596,837General and administrative(1) 69,694
55,334
244,015
219,226Total operating expenses 507,356
417,945
1,904,707
1,687,211Income (loss) from operations 304
(18,562)
(136,968)
(216,064)Other income, net 19,099
22,716
81,277
84,465Income (loss) before provision for 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:
Basic81,281,748
77,631,824
81,246,520
74,555,001Diluted86,457,703
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
2025Cost of revenue—subscription $ 8,444
$ 7,982
$ 34,660
$ 29,548Cost of revenue—services 4,444
3,766
17,183
13,917Sales and marketing 37,454
40,124
149,786
161,317Research and development 70,808
58,156
279,581
226,367General and administrative 22,843
15,014
69,244
62,791Total 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
2025Cash 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
11,751Stock-based compensation 143,993
125,042
550,454
493,940Amortization of debt discount and issuance costs—
—
—
2,419Amortization of finance right-of-use assets993
993
3,974
3,974Amortization of operating right-of-use assets2,546
2,948
11,044
11,248Deferred 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, net500
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
541Accrued liabilities 16,907
2,760
27,830
25,254Operating lease liabilities(2,784)
(2,931)
(11,105)
(12,076)Deferred revenue 102,907
54,990
112,366
(16,362)Other liabilities, non-current1,544
(78)
1,510
(3,819)Net cash provided by operating activities 179,604
50,538
505,148
150,191Cash 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 Plan17,907
34,427
40,824
36,048 Proceeds from exercise of stock options861
(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)
202,060Effect 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
803,643Cash, 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 basis73 %
73 %
72 %
73 %
Add back:
Expenses associated with stock-based compensation: Cost of
Revenue—Subscription9,080
8,220
35,832
30,365
Expenses associated with stock-based compensation: Cost of
Revenue—Services4,939
4,114
18,748
14,507
Restructuring—
—
88
—
Amortization of intangible assets3,023
—
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 compensation40,734
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 compensation76,848
61,091
290,415
234,257
Restructuring—
—
159
—
Amortization of intangible assets170
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 compensation24,020
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:
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 compensation155,621
130,874
574,373
512,177
Restructuring(309)
—
4,713
—
Amortization of intangible assets3,193
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 compensation155,621
130,874
574,373
512,177
Restructuring(309)
—
4,713
—
Amortization of intangible assets3,193
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 compensation1.80
1.55
7.07
6.87
Restructuring—
—
0.06
—
Amortization of intangible assets0.04
—
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
2025Net cash provided by operating activities $ 179,604
$ 50,538
$ 505,148
$ 150,191Capital 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 GUIDANCEFIRST QUARTER & FULL YEAR FISCAL 2027(in millions of U.S. dollars, except share and per share data)(unaudited)
First QuarterFiscal 2027
Full YearFiscal 2027Income (loss) from operations - GAAP Guidance$(48.0) to $(44.0)
$(117.0) to $(97.0)Add back:
Expenses associated with stock-based compensation150.0
650.0Amortization of intangible assets3.0
12.0Income (loss) from operations - Non-GAAP Guidance$105.0 to $109.0
$545.0 to $565.0
First QuarterFiscal 2027
Full YearFiscal 2027Net income (loss) per share - GAAP Guidance$(0.34) to $(0.29)
$(0.73) to $(0.49)Add back:
Expenses associated with stock-based compensation1.85
7.95Amortization of intangible assets0.04
0.15Less:
Income tax effects and adjustments*0.33 to 0.44
1.27 to 1.32Adjustment 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
1/31/2026Total 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 $100,000 or greater in annualized recurring revenue ("ARR"). ARR includes the revenue we expect to receive from our customers over the following 12 months based on contractual commitments and, in the case of Direct Sales Customers of Atlas, by annualizing the prior 90 days of their actual consumption of Atlas, assuming no increases or reductions in their subscriptions or usage. For all other customers of our self-serve products, we calculate ARR by annualizing the prior 30 days of their actual consumption of such products, assuming no increases or reductions in usage. ARR excludes professional services. MONGODB, INC. SUPPLEMENTAL REVENUE INFORMATION
The following table presents certain supplemental revenue information as of the periods indicated:
1/31/2024
4/30/2024
7/31/2024
10/31/2024
1/31/2025
4/30/2025
7/31/2025
10/31/2025
1/31/2026MongoDB Enterprise
Advanced: % of
Subscription Revenue26 %
25 %
24 %
25 %
23 %
22 %
21 %
20 %
21 % The following table presents the Company's revenues disaggregated by subscription product categories and services (in thousands):
Three Months Ended January 31,
Years Ended January 31,Subscription product categories and services:2026
2025
2026
2025Atlas-related$ 502,604
$ 389,042
$ 1,807,866
$ 1,405,184Other subscription170,496
141,916
578,111
538,680Services21,972
17,440
77,820
62,579Total$ 695,072
$ 548,398
$ 2,463,797
$ 2,006,443
View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-fourth-quarter-fiscal-2026-financial-results-302701531.htmlSOURCE MongoDB, Inc.
Original: MongoDB, Inc. Announces Fourth Quarter Fiscal 2026 Financial Results
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