MongoDB reported strong revenue growth and customer base expansion, with promising developments in Atlas and new initiatives in AI application programs. However, there are concerns about the muted seasonal improvement in Atlas consumption, an expected sequential decline in non-Atlas revenue, and dependency on multiyear deals for EA revenue.

Company Guidance

During MongoDB's Q3 fiscal 2025 earnings call, the company reported strong financial results, with revenue reaching $529.4 million, marking a 22% year-over-year increase and surpassing the high end of their guidance. Atlas, their cloud database service, experienced a 26% year-over-year growth and accounted for 68% of total revenue. The company also achieved a non-GAAP operating income of $101 million, representing a 19% operating margin. MongoDB ended the quarter with over 52,600 customers, reflecting sequential growth of approximately 1,900 customers. For Q4, MongoDB provided guidance with expected revenue between $515 million and $519 million, and a non-GAAP net income per share of $0.62 to $0.65. Full fiscal year 2025 revenue is projected to be between $1.973 billion and $1.977 billion, with a non-GAAP net income per share of $3.01 to $3.03. The company highlighted investments in enterprise channels and AI-focused initiatives, with expectations of continued growth driven by legacy app modernization and AI application development. MongoDB's net ARR expansion rate stood at approximately 120%, and they concluded the quarter with 2,314 customers generating at least $100,000 in ARR.

Strong Revenue Growth

MongoDB generated revenue of $529 million, a 22% year-over-year increase, exceeding the high end of their guidance.

Atlas Revenue Growth

Atlas revenue grew 26% year-over-year, representing 68% of total revenue.

Increased Non-GAAP Operating Income

MongoDB reported a non-GAAP operating income of $101 million, resulting in a 19% non-GAAP operating margin.

Customer Base Expansion

MongoDB ended the quarter with over 52,600 customers, adding approximately 1,900 customers sequentially.

Successful Launch of MongoDB 8.0

MongoDB 8.0, the fastest version yet, performs 20% to 60% better against industry benchmarks.

AI Application Programs Expansion

Expansion of the MongoDB AI Applications Program with new partners like McKinsey and collaboration with Meta.

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Mongodb, Inc. (GB:0KKZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0KKZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 05, 2018	2019 (Q2)	- / -0.41	-0.53	22.64% (+0.12)	―	―
Dec 04, 2018	2019 (Q3)	- / -0.30	-0.44	31.82% (+0.14)	―	―
Mar 13, 2019	2019 (Q4)	- / -0.17	-0.4	57.50% (+0.23)	―	―
Jun 05, 2019	2020 (Q1)	- / -0.22	-0.43	48.84% (+0.21)	―	―
Sep 04, 2019	2020 (Q2)	- / -0.26	-0.41	36.59% (+0.15)	―	―
Dec 09, 2019	2020 (Q3)	- / -0.26	-0.3	13.33% (+0.04)	―	―
Mar 17, 2020	2020 (Q4)	- / -0.25	-0.17	-47.06% (-0.08)	―	―
Jun 04, 2020	2021 (Q1)	- / -0.13	-0.22	40.91% (+0.09)	―	―
Sep 02, 2020	2021 (Q2)	- / -0.22	-0.26	15.38% (+0.04)	―	―
Dec 08, 2020	2021 (Q3)	- / -0.31	-0.26	-19.23% (-0.05)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0KKZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 09, 2024	$354.81	$297.11	-16.26%
Aug 29, 2024	$244.86	$287.40	+17.37%
May 30, 2024	$314.51	$232.43	-26.10%
Mar 07, 2024	$411.54	$389.81	-5.28%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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