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MDB · MongoDB

9 filings

10-K

MDB 10-K Annual Reports

MongoDB - 9 annual reports

Filing record · 2017–202610-K910-Q278-K72

2026
MongoDB Annual Report, Year Ended Jan 31, 2026
MongoDB, Inc. reported fiscal 2026 (year ended January 31, 2026) total revenue of $2,463.8 million, up from $2,006.4 million in fiscal 2025 and $1,683.0 million in fiscal 2024. Atlas, its multi-cloud database-as-a-service offering, represented 73% of total revenue in fiscal 2026, compared with 70% in fiscal 2025, while MongoDB Enterprise Advanced represented 20%, down from 23%. The company's net ARR expansion rate was 121% as of January 31, 2026, and it had over 65,200 customers. Net loss narrowed to $71.2 million from $129.1 million in fiscal 2025, and operating cash flow rose to $505.1 million from $150.2 million. Gross margin was 72%, versus 73% a year earlier, and sales and marketing expense was 38% of revenue. The company ended the year with cash, cash equivalents, short-term investments and restricted cash totaling $2.4 billion and an accumulated deficit of $1.9 billion. It repurchased 1,576,109 shares for $400.3 million during the year and had $599.7 million remaining under its $1.0 billion repurchase authorization. In February 2025 it acquired Voyage AI for $160.9 million, and it reports a remaining performance obligations balance of $1,472.7 million, with approximately 52% expected to be recognized over the next 12 months. The filing also flags material ongoing risks, including the Baxter securities class action (the court has not yet ruled on the motion to dismiss), related shareholder derivative suits, and a cloud infrastructure commitment of $300 million renewed during the year. Management concluded internal control over financial reporting was effective as of January 31, 2026, and PricewaterhouseCoopers LLP issued an unqualified opinion.
Mar 11, 2026
2025
MongoDB Annual Report, Year Ended Jan 31, 2025
MongoDB, Inc. reported fiscal 2025 (year ended January 31, 2025) total revenue of $2,006.4 million, up from $1,683.0 million in fiscal 2024 and $1,284.0 million in fiscal 2023, with a 19% increase in total revenue for fiscal 2025. Subscription revenue was $1,943.9 million, and MongoDB Atlas represented 70% of total revenue versus 66% in the prior year. The company narrowed its net loss to $129.1 million from $176.6 million, though it still reported losses in every period since inception and an accumulated deficit of $1.8 billion. Operating cash flow was $150.2 million, and cash, cash equivalents, short-term investments and restricted cash totaled $2.3 billion at year-end. The filing highlights a slowdown in growth for existing MongoDB Atlas applications attributed to adverse macroeconomic conditions, which management expects to continue to weigh on revenue growth in the short term. The net ARR expansion rate was approximately 118% as of January 31, 2025, which management notes is below the historically over 120% level, attributing the decline to a smaller contribution from expanding customers. Customers grew to over 54,500 from over 47,800 a year earlier. The filing also discloses a putative securities class action (Baxter v. MongoDB, Inc.) alleging material misstatements regarding sales strategy and financial results, along with a related shareholder derivative lawsuit, which the company intends to vigorously defend. The 2026 convertible notes were redeemed in December 2024, with approximately $1.1 billion converted into common stock.
Mar 21, 2025
2024
MongoDB Annual Report, Year Ended Jan 31, 2024
MongoDB, Inc. (Nasdaq: MDB) reported fiscal year 2024 (ended January 31, 2024) total revenue of $1.68 billion, up from $1.28 billion in fiscal 2023, with subscription revenue of $1.63 billion. MongoDB Atlas, its multi-cloud database-as-a-service offering, represented 66% of total revenue, versus 63% in the prior year. The company's net loss narrowed to $176.6 million from $345.4 million, though it remains unprofitable and reported an accumulated deficit of $1.7 billion. Operating cash flow turned positive at $121.5 million, compared with $(13.0) million in fiscal 2023. The filing states that the macroeconomic environment negatively affected the business, with slower-than-historical growth in existing Atlas applications. Management expects this headwind on growth in existing Atlas applications to persist in the short term. Stock-based compensation was $456.9 million, and sales and marketing expense was 47% of revenue, versus 54% in the prior year. Customers exceeded 47,800 as of January 31, 2024, and the company stated its net ARR expansion rate has consistently been over 120%. The filing also discloses a December 2023 security incident in which a third-party application flaw allowed unauthorized access to certain corporate applications, including customer contact information and account metadata; the company reports finding no evidence of unauthorized access to Atlas clusters. The 2026 convertible senior notes ($1.15 billion principal) became convertible at holders' option from February 1, 2024 through April 30, 2024 after the share price condition was met, though the company stated its current intent is to settle principal in cash.
Mar 15, 2024
2023
MongoDB Annual Report, Year Ended Jan 31, 2023
MongoDB, Inc. (Nasdaq: MDB) reported total revenue of $1,284.0 million for the fiscal year ended January 31, 2023, up from $873.8 million in fiscal 2022 and $590.4 million in fiscal 2021, with subscription revenue of $1,235.1 million and services revenue of $48.9 million. Growth was driven primarily by increased subscription revenue from Direct Sales Customers, and MongoDB Atlas represented 63% of total revenue versus 56% in the prior year. The company remains unprofitable: net loss was $345.4 million (compared with $306.9 million in fiscal 2022), and operating cash flow was negative $13.0 million. Gross margin improved to 73% from 70%, while sales and marketing expense was 54% of revenue and stock-based compensation totaled $381.5 million. The filing highlights macroeconomic headwinds. Management stated that the macroeconomic environment negatively affected the business during the year, with slower-than-historical growth for existing MongoDB Atlas applications, and expects this to continue to weigh on growth in the short term. The company reported over 40,800 customers, a net ARR expansion rate consistently over 120%, and 4,619 employees. It ended the year with $1.8 billion in cash, cash equivalents, restricted cash and short-term investments, against $1.15 billion in principal of 0.25% convertible senior notes due 2026. The filing also flags risks including ongoing litigation with Realtime Data LLC over three patents, which the company states it is not aware of any matter that would have a material adverse effect, and the company's Community Server licensing under the SSPL, which the filing says may affect adoption. A subsequent-event commitment of $300 million over five years with a cloud infrastructure provider, commencing in March 2023, was disclosed.
Mar 17, 2023
2022
MongoDB Annual Report, Year Ended Jan 31, 2022
MongoDB, Inc. (Nasdaq: MDB) reported fiscal 2022 (year ended January 31, 2022) total revenue of $873.8 million, up from $590.4 million in fiscal 2021 and $421.7 million in fiscal 2020, with subscription revenue of $842.0 million. MongoDB Atlas, the hosted multi-cloud database-as-a-service offering, represented 56% of total revenue in fiscal 2022, up from 46% in the prior year, while MongoDB Enterprise Advanced represented 34%, down from 43%. The company remains unprofitable, with a net loss of $306.9 million (compared with $266.9 million in fiscal 2021), an accumulated deficit of $1.2 billion, and operating cash flow of $7.0 million, which turned positive from negative results in the prior two years. The company strengthened its balance sheet during the year, completing a June 2021 equity offering of 2.5 million shares at $365.00 per share that netted $889.2 million, and redeeming its 0.75% convertible senior notes due 2024 on December 3, 2021. Total cash, cash equivalents, restricted cash and short-term investments were $1.8 billion at year end. Sales and marketing expense was 54% of revenue and total operating expenses exceeded revenue, reflecting the company's stated strategy of investing heavily for growth rather than optimizing for near-term profitability. The filing reports a net dollar expansion, described as a net ARR expansion rate consistently over 120%, and over 33,000 customers as of January 31, 2022. Key risks highlighted include the ongoing COVID-19 pandemic, competition from legacy database vendors and large cloud providers, the unproven enforceability of the Server Side Public License (SSPL), and ongoing patent litigation brought by Realtime Data LLC, which the company has won at the district court level and which is on appeal. The company also disclosed a non-cancelable commitment of $1.1 billion over six years with a cloud infrastructure provider, expanded in January 2022.
Mar 18, 2022
2021
MongoDB Annual Report, Year Ended Jan 31, 2021
MongoDB, Inc. (Nasdaq: MDB) reported fiscal 2021 (year ended January 31, 2021) total revenue of $590.4 million, up from $421.7 million in fiscal 2020 and $267.0 million in fiscal 2019. Subscription revenue was $565.3 million, and MongoDB Atlas represented 46% of total revenue versus 39% in the prior year. The company's net loss widened to $266.9 million from $175.5 million, and free cash flow was $(59.1) million compared with $(35.0) million a year earlier. Management states it intends to keep investing heavily for growth rather than optimizing for profitability or cash flow in the near term. The company ended the year with cash, cash equivalents, short-term investments and restricted cash totaling $958.3 million, against $1.15 billion of 0.25% convertible senior notes due 2026 and $90.0 million of 0.75% notes due 2024 outstanding at principal. The filing states that the conditional conversion feature of both note series was triggered as of January 31, 2021, making them convertible from February 1, 2021 through April 30, 2021. Customers grew to over 24,800 from over 17,000 a year earlier, and the net ARR expansion rate has consistently been over 120%. Management notes that COVID-19 is expected to continue weighing on revenue in the near term. The risk factors highlight several items for investors, including the Realtime Data patent lawsuit (currently stayed), the shift to the Server Side Public License for Community Server, dependence on third-party cloud providers, and a planned early adoption of ASU 2020-06 on February 1, 2021, which the company expects to move about $261.5 million into convertible senior notes and reduce accumulated deficit by approximately $52.6 million.
Mar 22, 2021
2020
MongoDB Annual Report, Year Ended Jan 31, 2020
MongoDB, Inc. reported fiscal 2020 (year ended January 31, 2020) total revenue of $421.7 million, up from $267.0 million in fiscal 2019 and $166.0 million in fiscal 2018, with a net loss of $175.5 million compared with $99.0 million the prior year. Subscription revenue was $399.8 million and services revenue $21.9 million. MongoDB Atlas revenue represented 39% of total revenue, up from 23% in the prior year, while MongoDB Enterprise Advanced represented 47% of total revenue, down from 56%. Gross margin was 70% versus 72% in fiscal 2019, and operating expenses rose to $444.2 million from $291.2 million, with sales and marketing at 53% of revenue. The company ended the year with over 17,000 customers and cash, cash equivalents, short-term investments and restricted cash of $987.0 million. The company's balance sheet changed materially during the year. In January 2020 it issued $1.15 billion of 0.25% convertible senior notes due 2026 and used $479.2 million of the proceeds to repurchase $210.0 million of its 0.75% notes due 2024. Operating cash flow was negative $29.5 million and free cash flow was negative $35.0 million, compared with negative $42.0 million and negative $48.8 million in fiscal 2019. The company states it intends to keep investing heavily for growth rather than optimizing for profitability or cash flow, and it expects COVID-19 to negatively affect revenue in fiscal 2021. Investors should also note the dual-class share structure, under which Class B shares carry 10 votes each and Class B holders controlled approximately 65% of voting power as of January 31, 2020. The filing also discloses a pending patent infringement lawsuit brought by Realtime Data, which is currently stayed, and a risk factor noting that the 2024 Notes were convertible at holders' option through April 30, 2020.
Mar 27, 2020
2019
MongoDB Annual Report, Year Ended Jan 31, 2019
MongoDB, Inc. reported fiscal 2019 (year ended January 31, 2019) total revenue of $267.0 million, up from $166.0 million in fiscal 2018 and $114.8 million in fiscal 2017, with subscription revenue of $248.4 million and services revenue of $18.6 million. The company remained unprofitable, posting a net loss of $99.0 million (compared with $84.0 million in fiscal 2018 and $70.1 million in fiscal 2017) and an accumulated deficit of $488.6 million. Operating cash flow was $(42.0) million and free cash flow was $(48.8) million. MongoDB Atlas, its cloud database-as-a-service offering, grew to 23% of total revenue from 7% in the prior year, and the company stated its net ARR expansion rate has been over 120% for each of the last 16 fiscal quarters. The company is investing heavily in growth rather than profitability, with sales and marketing expense at 56% of revenue and research and development headcount up 35%. Key balance sheet changes in the year included $300.0 million of 0.75% convertible senior notes due 2024 issued in June and July 2018, net proceeds of approximately $291.1 million, and the $55.5 million net cash acquisition of ObjectLabs Corporation (mLab) on November 1, 2018. Cash, cash equivalents and short-term investments totaled $466.0 million at year end. The company also adopted ASC 606 on a full retrospective basis after losing emerging growth company status. Investors should weigh the dual-class structure, under which Class B holders controlled about 83% of voting power, and the Realtime Data patent infringement lawsuit filed March 12, 2019. The filing also notes a non-cancelable commitment of $219.0 million over five years with a cloud infrastructure provider, commencing April 1, 2019.
Apr 1, 2019
2018
MongoDB Annual Report, Year Ended Jan 31, 2018
MongoDB, Inc. reported its Form 10-K for the fiscal year ended January 31, 2018, following its October 2017 IPO on Nasdaq under the symbol MDB. Total revenue rose to $154.5 million from $101.4 million in fiscal 2017 and $65.3 million in fiscal 2016, with subscription revenue of $141.5 million (92% of total) and services revenue of $13.0 million. Gross margin was 72%, but the company remained deeply unprofitable: net loss was $96.4 million, compared with $86.7 million in fiscal 2017, and the accumulated deficit reached $443.8 million. Operating cash flow was negative $44.9 million and free cash flow was negative $47.0 million. The company is investing heavily for growth rather than profitability. Sales and marketing expense was $109.9 million, or 71% of revenue, and headcount rose to 962 employees. MongoDB Atlas, the cloud database-as-a-service offering launched in June 2016, grew to 7% of total revenue in fiscal 2018 from 1% in fiscal 2017, and represented 11% of revenue in the fourth quarter. The company reported a net ARR expansion rate above 120% for each of the last 12 fiscal quarters and more than 5,700 customers. The IPO raised net proceeds of $201.6 million, and cash, cash equivalents, short-term investments and restricted cash totaled $279.5 million at year end. Investors should weigh several risks. Class B shares carry 10 votes per share, and holders of Class B stock held approximately 97% of voting power, so public Class A holders have limited influence. The company is an emerging growth company, and a lock-up on pre-IPO holders expires in April 2018. Revenue is recognized ratably, so changes in new sales take time to show in results. The company also expects the new revenue standard (ASC 606) to cause unearned subscription revenue to decline significantly upon adoption.
Mar 30, 2018