Skip to content

MDB · MongoDB

27 filings

10-Q

MDB 10-Q Quarterly Reports

MongoDB - 27 quarterly reports

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

2027-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2026
MongoDB, Inc. reported total revenue of $771.8 million for the three months ended July 31, 2026, up from $591.4 million a year earlier, and $1,459.4 million for the six months, up from $1,140.4 million. Subscription revenue made up the large majority of sales, with Atlas-related revenue at $565.9 million in the quarter versus $439.0 million in the prior-year quarter. Gross margin rose to 74% for the quarter from 71%, and the company swung to operating income of $28.4 million from an operating loss of $65.3 million a year earlier. Net income for the quarter was $40.9 million, or $0.50 per diluted share, compared with a net loss of $47.0 million in the prior-year quarter. Cash flow and balance sheet metrics were also stronger. Net cash provided by operating activities for the six months was $343.5 million, versus $182.0 million a year earlier. Cash, cash equivalents and short-term investments together totaled about $2.4 billion at July 31, 2026, and the company reported an accumulated deficit of $1.9 billion. Stock-based compensation was $286.8 million for the six months, and the company repurchased 666,452 shares for $200.0 million during the period, leaving $399.7 million of authorization remaining. The filing also discloses ongoing securities and shareholder derivative litigation tied to statements about sales strategy, growth projections and financial results, with the company stating it is unable to estimate any reasonably possible loss. Customer metrics rose, with over 70,600 customers as of July 31, 2026, compared with over 59,900 a year earlier, and a net ARR expansion rate of 122%.
Sep 1, 2026
2027-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2026
MongoDB, Inc. reported its 10-Q for the quarter ended April 30, 2026. Total revenue was $687.6 million, up from $549.0 million in the prior-year quarter, with subscription revenue of $666.1 million and services revenue of $21.5 million. Loss from operations narrowed to $24.8 million from $53.6 million, and the company reported net income of $4.4 million, or $0.05 per diluted share, compared with a net loss of $37.6 million in the prior-year period. Other income, net of $33.6 million, which the filing attributes primarily to realized and unrealized gains on non-marketable securities, helped drive the swing to net income. Cash flow from operations was $201.6 million, compared with $109.9 million a year earlier. Cash, cash equivalents, restricted cash and short-term investments totaled $2.4 billion as of April 30, 2026. During the quarter the company repurchased 358,216 shares for $100.0 million under its share repurchase program, which had $499.7 million of remaining authorization at quarter-end, and paid $58.3 million in taxes related to net share settlement of equity awards. The filing reports 67,700 customers as of April 30, 2026, versus over 57,100 a year earlier, and a net ARR expansion rate of 121%. Remaining performance obligations were $1,458.6 million, with about 53% expected to be recognized over the next 12 months. The filing also describes ongoing securities and derivative litigation, with the court granting the motion to dismiss in part and denying it in part on May 1, 2026, and a motion for reconsideration filed on May 15, 2026.
May 29, 2026
2026-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2025
MongoDB, Inc. reported its quarterly results for the three and nine months ended October 31, 2025. Total revenue for the three months was $628.3 million, up from $529.4 million, and subscription revenue was $609.1 million. Net loss narrowed to $2.0 million ($0.02 per share) from $9.8 million a year earlier. For the nine months, total revenue was $1.77 billion and net loss was $86.7 million, compared with $144.9 million in the prior-year period. Loss from operations was $18.4 million for the quarter, compared with $27.9 million a year earlier. The company stated a net ARR expansion rate of 120% as of October 31, 2025, and reported over 62,500 customers, including over 60,800 MongoDB Atlas customers. Net cash provided by operating activities was $325.5 million for the nine months, versus $99.7 million in the prior year. Cash, cash equivalents, short-term investments and restricted cash totaled $2.3 billion. During the nine months, the company repurchased 1,443,294 shares for $345.3 million, and $654.7 million remained under its repurchase authorization. The company also entered into a renewal agreement with a cloud infrastructure provider that includes a non-cancelable commitment of $300 million payable from October 2025 through October 2028. Remaining performance obligations were $994.3 million, with approximately 55% expected to be recognized over the next 12 months. The filing also discloses ongoing securities class action litigation (Baxter v. MongoDB, Inc.) and related shareholder derivative suits, for which the company states it cannot estimate any reasonably possible loss. The company acquired Voyage AI Innovations, Inc. in February 2025 for a purchase consideration of $160.9 million, and recorded goodwill of $119.96 million from that acquisition.
Dec 2, 2025
2026-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2025
MongoDB, Inc. reported its 10-Q for the quarter ended July 31, 2025. Total revenue for the three months ended July 31, 2025 was $591.4 million, up 24% from $478.1 million a year earlier, with subscription revenue of $572.4 million (up 23%). MongoDB Atlas-related revenue was $439.0 million for the quarter, and the filing states that Atlas represented 74% of total revenue. Loss from operations narrowed to $65.3 million from $71.4 million, and net loss was $47.0 million, or $0.58 per share, compared with $54.5 million, or $0.74 per share, in the prior-year quarter. Gross margin declined to 71% from 73%, with the filing attributing the decline to rising Atlas revenue as a share of total revenue and higher third-party cloud infrastructure costs. For the six months ended July 31, 2025, total revenue was $1.14 billion, up 23%, and net cash provided by operating activities was $182.0 million, compared with $62.2 million a year earlier. Cash, cash equivalents, short-term investments and restricted cash totaled $2.3 billion as of July 31, 2025. The company repurchased 929,674 shares for $200.0 million during the six months, and in June 2025 its Board increased the aggregate repurchase authorization to $1.0 billion. The company acquired Voyage AI in February 2025 for a purchase consideration of $160.9 million, which increased goodwill to $189.6 million. The filing also describes a putative securities class action (Baxter v. MongoDB, Inc.) and a related shareholder derivative litigation. The company states it is unable to estimate any reasonably possible loss in the securities action, and a motion to dismiss remains pending. Management reports that the macroeconomic environment negatively affected growth of existing Atlas applications during the six months ended July 31, 2025, and it expects macroeconomic headwinds on growth rates for existing Atlas applications in the short term. Net ARR expansion rate was approximately 119% as of July 31, 2025.
Aug 27, 2025
2026-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2025
MongoDB, Inc. reported its first quarter of fiscal 2026 (three months ended April 30, 2025) with total revenue of $549.0 million, up 22% from $450.6 million a year earlier. Subscription revenue was $531.5 million, and MongoDB Atlas-related revenue was $395.9 million, or 72% of total revenue. Loss from operations narrowed to $53.6 million from $98.2 million, and net loss narrowed to $37.6 million, or $0.46 per share, from $80.6 million, or $1.10 per share. Gross margin declined to 71% from 73%, driven by higher third-party cloud infrastructure costs tied to Atlas growth. Operating cash flow was $109.9 million, compared with $63.6 million a year earlier. The company ended the quarter with cash, cash equivalents, short-term investments and restricted cash totaling $2.5 billion and an accumulated deficit of $1.9 billion. Management said the macroeconomic environment negatively affected growth of existing Atlas applications during the quarter and expects headwinds on that growth in the short term. The net ARR expansion rate was approximately 119%, and remaining performance obligations were $774.3 million, with about 58% expected to be recognized over the next 12 months. The company acquired Voyage AI for a preliminary purchase consideration of $160.9 million, and on June 3, 2025 the Board authorized an additional $800.0 million in repurchases, bringing the total authorization to $1.0 billion. No repurchases were made during the quarter. The filing also describes ongoing securities class action litigation (Baxter v. MongoDB, Inc.) and a related shareholder derivative suit, for which the company states it cannot estimate any reasonably possible loss at this time.
Jun 4, 2025
2025-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2024
MongoDB, Inc. reported results for the quarter ended October 31, 2024. Total revenue was $529.4 million for the three months, up from $432.9 million a year earlier, and $1,458.0 million for the nine months versus $1,225.0 million. Subscription revenue made up 97% of total revenue. Net loss narrowed to $9.8 million for the quarter from $29.3 million, but widened to $144.9 million for the nine months from $121.1 million. Management attributes the nine-month loss increase primarily to higher sales and marketing and research and development spending. Operating cash flow was $99.7 million for the nine months, compared with $66.9 million a year earlier. The balance sheet shows cash and cash equivalents of $673.1 million and short-term investments of $1,629.0 million, with total liquidity of $2.3 billion. The company issued a notice on October 16, 2024 to redeem all outstanding 2026 convertible senior notes on December 16, 2024. As of December 10, 2024, $1.0 billion of principal remained outstanding, to be settled in common stock or cash. Management said the macroeconomic environment slowed growth of existing Atlas applications, and that it expects this to continue to weigh on revenue growth for the rest of the year. The net ARR expansion rate was approximately 120%, and the company had over 52,600 customers. The filing also discloses a putative securities class action (Baxter v. MongoDB, Inc.) filed July 9, 2024, and a related shareholder derivative suit filed October 7, 2024. The company says it cannot estimate any reasonably possible loss from these matters and intends to vigorously defend itself.
Dec 10, 2024
2025-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2024
MongoDB, Inc. reported results for the three and six months ended July 31, 2024. Total revenue for the quarter was $478.1 million, up from $423.8 million a year earlier, driven by higher subscription revenue from Direct Sales Customers. Subscription revenue was $463.8 million and Atlas-related revenue was $339.7 million in the quarter. Net loss widened to $54.5 million from $37.6 million, primarily due to higher sales and marketing and research and development spending. Loss from operations was $71.4 million for the quarter, compared with $49.0 million a year earlier. For the six months, total revenue was $928.7 million versus $792.1 million, while net loss increased to $135.1 million from $91.8 million. Operating cash flow was $62.2 million, compared with $28.4 million in the prior-year period. Cash, cash equivalents, short-term investments and restricted cash totaled $2.3 billion at July 31, 2024. The company said its net ARR expansion rate was approximately 119%, compared with historically being over 120%, and that the macroeconomic environment slowed growth of existing Atlas applications. Management stated that it expects this macroeconomic pressure on revenue growth to continue for the remainder of the year. The filing also discloses a putative securities class action, Baxter v. MongoDB, Inc., filed July 9, 2024, alleging material misstatements regarding sales strategy and financial results for purchasers between August 31, 2023 and May 30, 2024. The company intends to vigorously defend the case. The 2024 convertible notes were settled, with the company receiving $170.6 million from the related capped calls in June 2024.
Aug 30, 2024
2025-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2024
MongoDB, Inc. reported its 10-Q for the quarter ended April 30, 2024. Total revenue rose to $450.6 million from $368.3 million a year earlier, with subscription revenue of $436.9 million versus $354.7 million. Subscriptions were 97% of total revenue, and MongoDB Atlas revenue represented 70% of total revenue compared with 65% in the prior-year quarter. The company's net loss widened to $80.6 million, or $1.10 per share, from $54.2 million, or $0.77 per share, driven by higher sales and marketing and research and development spending. Loss from operations was $98.2 million versus $68.5 million a year earlier. Cash flow and liquidity remained solid. Operating cash flow was $63.6 million compared with $53.7 million, and cash, cash equivalents, short-term investments and restricted cash totaled $2.1 billion as of April 30, 2024. The company said it believes existing cash and short-term investments will be sufficient for at least the next 12 months. The company also elected to cash settle the Capped Calls associated with its 2024 Notes, which carried a derivative asset fair value of $170.2 million, with settlement expected in June 2024. The 2026 Notes became convertible from May 1, 2024 through July 31, 2024 after the conditional conversion feature was triggered. Management cited slower-than-historical growth in existing MongoDB Atlas applications due to macroeconomic conditions and expects that headwind to continue in the near term. Customers rose to over 49,200 from over 43,100, and the net ARR expansion rate has consistently been over 120%, per the filing. Stock-based compensation was $120.8 million in the quarter, a significant component of the operating loss.
May 31, 2024
2024-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2023
MongoDB, Inc. reported its 10-Q for the quarter ended October 31, 2023. Total revenue for the three months ended October 31, 2023 was $432.9 million, up from $333.6 million, and for the nine months was $1,225.0 million, up from $922.7 million. Net loss narrowed to $29.3 million for the quarter from $84.8 million a year earlier, and to $121.1 million for the nine months from $281.0 million. Subscription revenue made up 97% of total revenue, and MongoDB Atlas represented 66% of revenue for the quarter. Management said the macroeconomic environment continued to negatively affect growth of existing Atlas applications and expects that headwind to continue for the remainder of the year. Balance sheet and cash flow were stable. Cash, cash equivalents, short-term investments and restricted cash totaled $1.9 billion at October 31, 2023. Net cash provided by operating activities was $66.9 million for the nine months, compared with $(38.8) million a year earlier. Deferred revenue declined to $320.8 million from $460.3 million at January 31, 2023. The company has $1.15 billion of 0.25% convertible senior notes due 2026 outstanding. Their conditional conversion feature was triggered in the quarter, so the notes are convertible from November 1, 2023 through January 31, 2024. The company also acquired the assets of Grainite, Inc. on September 27, 2023 for $15.0 million in cash. Operating efficiency improved. Gross margin rose to 75% from 72%, and loss from operations narrowed to $45.2 million for the quarter from $82.9 million. The company reported over 46,400 customers, up from over 39,100, and a net ARR expansion rate that has consistently been over 120%. The 10-Q also discloses an ongoing patent lawsuit by Realtime Data LLC, in which the Federal Circuit affirmed the district court's ruling for the company and Realtime filed a petition for certiorari on October 31, 2023.
Dec 7, 2023
2024-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2023
MongoDB, Inc. reported results for the three and six months ended July 31, 2023 in this Form 10-Q. Total revenue for the quarter was $423.8 million, up from $303.7 million a year earlier, and subscription revenue was $409.3 million. Net loss narrowed to $37.6 million from $118.9 million, and loss from operations improved to $49.0 million from $114.8 million. For the six months, revenue was $792.1 million versus $589.1 million, and operating cash flow was $28.4 million compared with $(33.1) million in the prior-year period. The company ended the quarter with cash and cash equivalents of $607.2 million and short-term investments of $1.29 billion, which the filing describes as total principal sources of liquidity of $1.9 billion. Its 0.25% convertible senior notes due 2026 carry a principal balance of $1.15 billion, and the filing states that the notes became convertible from August 1, 2023 through October 31, 2023 after the conditional conversion trigger was met. Management said macroeconomic conditions created slower-than-historical growth for existing MongoDB Atlas applications and expects that headwind to continue for the remainder of the year. The filing also reports that the Federal Circuit affirmed the district court's dismissal in the Realtime Data patent litigation on August 2, 2023, and that the company reported 45,000 customers and 1,855 customers with $100,000 or greater in ARR as of July 31, 2023.
Sep 1, 2023
2024-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2023
MongoDB, Inc. reported results for the three months ended April 30, 2023 in its Form 10-Q. Total revenue rose to $368.3 million from $285.4 million a year earlier, with subscription revenue of $354.7 million, driven mainly by increased subscription revenue from Direct Sales Customers. Net loss narrowed to $54.2 million from $77.3 million, helped by higher revenue and $18.0 million of interest income, partly offset by higher sales and marketing and research and development spending. Operating cash flow was $53.7 million, compared with $11.6 million a year earlier. The company said the macroeconomic environment continued to weigh on growth of existing MongoDB Atlas applications, and it expects macroeconomic headwinds on that growth in the short term. Total customers were over 43,100 as of April 30, 2023, up from over 35,200, and MongoDB Atlas customers were over 41,600, up from over 33,700. Cash, cash equivalents, restricted cash and short-term investments totaled $1.9 billion, and the company stated that existing cash and short-term investments are sufficient to fund operating and capital needs for at least the next 12 months. The balance sheet shows an accumulated deficit of $1.6 billion and $1.15 billion of 0.25% convertible senior notes due 2026 with a net carrying amount of $1.14 billion. The 2026 Notes are not convertible from May 1, 2023 through July 31, 2023 because the conversion trigger was not met. Remaining performance obligations were $470.7 million, with approximately 59% expected to be recognized over the next 12 months.
Jun 2, 2023
2023-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2022
MongoDB, Inc. reported its 10-Q for the quarter ended October 31, 2022. Total revenue for the three months was $333.6 million, up from $226.9 million, and net loss widened to $84.8 million from $81.3 million. For the nine months, revenue was $922.7 million versus $607.3 million, and net loss was $281.0 million versus $222.4 million. The filing attributes the revenue growth primarily to subscription revenue from Direct Sales Customers, while the company says the macroeconomic environment slowed growth of existing Atlas applications and is expected to continue to weigh on revenue growth for the rest of the year. Operating cash flow was negative at $(38.8) million for the nine months, compared with $(15.3) million a year earlier. The company held cash, cash equivalents, short-term investments and restricted cash totaling $1.8 billion, and stated that this is sufficient to fund operations for at least the next 12 months. Stock-based compensation was $279.3 million for the nine months, a major driver of the operating loss. The filing also notes that the conditional conversion feature of the 0.25% convertible senior notes due 2026 was triggered in the quarter, making those notes convertible at holders' option from November 1, 2022 through January 31, 2023. The Realtime Data patent lawsuit remains pending on appeal, and the company says it is not aware of any matter that would have a material adverse effect.
Dec 8, 2022
2023-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2022
MongoDB, Inc. reported a quarterly net loss of $118.9 million for the three months ended July 31, 2022, up from $77.1 million a year earlier, even as total revenue rose to $303.7 million from $198.7 million. Subscription revenue was $291.6 million, and gross profit increased to $215.4 million. The increase in net loss was attributed to higher sales and marketing and research and development spending, which outpaced the improvement in gross profit. Operating expenses rose to $330.2 million for the quarter, and loss from operations widened to $114.8 million. For the six months ended July 31, 2022, total revenue was $589.1 million versus $380.4 million, and net loss was $196.2 million versus $141.1 million. Net cash used in operating activities was $33.1 million, compared with $9.5 million in the prior-year period. Cash, cash equivalents, short-term investments and restricted cash totaled $1.8 billion as of July 31, 2022, against $1.4 billion of accumulated deficit. The company stated it believes existing cash and short-term investments will be sufficient to fund operations for at least the next 12 months. The filing notes that macroeconomic conditions negatively impacted growth of existing applications and that the company expects this to continue to weigh on revenue growth for the remainder of the year. Management also stated its intent to keep investing heavily to grow rather than optimizing for near-term profitability or cash flow. The 2026 convertible senior notes became convertible at holders' option from August 1, 2022 through October 31, 2022 because the conditional conversion threshold was triggered.
Sep 2, 2022
2023-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2022
MongoDB, Inc. reported revenue of $285.4 million for the three months ended April 30, 2022, up from $181.6 million a year earlier, with subscription revenue of $274.6 million and services revenue of $10.9 million. Gross profit rose to $207.2 million from $127.1 million, but operating expenses grew to $283.2 million from $188.6 million, producing a loss from operations of $75.9 million and a net loss of $77.3 million, or $1.14 per share, compared with a net loss of $64.0 million, or $1.04 per share, a year earlier. The company stated that growth in sales and marketing and research and development spending more than offset the gross profit improvement, and it said it intends to keep investing heavily rather than optimizing for near-term profitability. Operating cash flow was $11.6 million, compared with $10.2 million a year earlier. MongoDB Atlas revenue represented 60% of total revenue in the quarter, up from 51% a year earlier, and the company had over 35,200 customers as of April 30, 2022, compared with over 26,800 a year earlier. Cash, cash equivalents, short-term investments and restricted cash totaled $1.8 billion, and the company stated it believes these sources will be sufficient to fund operations for at least the next 12 months. The company also noted that the conditional conversion feature of its 2026 convertible senior notes was triggered during the quarter, so the notes are convertible at holders' option from May 1, 2022 through July 31, 2022, and that the Realtime Data patent litigation remains pending on appeal. The filing cites continued macroeconomic impact on the growth of existing applications, which affected revenue growth, and states that management expects the macroeconomic environment to continue to affect the company for the rest of the year. Total headcount rose to 3,798 from 2,745 a year earlier.
Jun 3, 2022
2022-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2021
MongoDB, Inc. reported revenue of $226.9 million for the three months ended October 31, 2021, up from $150.8 million a year earlier, and $607.3 million for the nine months, up from $419.4 million. Subscription revenue was $217.9 million for the quarter and $583.8 million for the nine months, and the filing states that subscriptions accounted for 96% of total revenue. Net loss widened to $81.3 million for the quarter from $72.7 million, and to $222.4 million for the nine months from $191.1 million. The company attributed the increases primarily to higher sales and marketing and research and development costs. Stock-based compensation rose to $177.3 million for the nine months from $108.0 million. The balance sheet strengthened considerably. Cash and cash equivalents were $748.1 million and short-term investments were $1,054.7 million as of October 31, 2021, which the company described as totaling $1.8 billion in cash, cash equivalents, short-term investments and restricted cash. Total stockholders' equity was $662.9 million, compared with a deficit of $5.0 million at January 31, 2021, reflecting an offering of 2,500,000 Class A shares at $365.00 per share with net proceeds of $889.2 million. Operating cash flow was negative $15.3 million for the nine months, and free cash flow was negative $23.5 million. The company stated it expects to continue incurring operating losses and negative operating cash flows and intends to keep investing heavily for growth. Key balance sheet and capital structure developments include the adoption of ASU 2020-06 on February 1, 2021, which moved the convertible notes' conversion feature into debt, and the redemption of the 0.75% 2024 Notes on December 3, 2021, with only about $1.9 million of principal converted into shares. The 2026 Notes carry about $1.15 billion of principal. The company also disclosed a pending patent lawsuit by Realtime Data LLC, which the District Court dismissed in August 2021 and which is now on appeal, and stated it is not aware of any matter that would have a material adverse effect.
Dec 8, 2021
2022-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2021
MongoDB, Inc. reported revenue of $198.7 million for the three months ended July 31, 2021, up from $138.3 million a year earlier, with a net loss of $77.1 million compared with $64.5 million. For the six months ended July 31, 2021, total revenue was $380.4 million and net loss was $141.1 million. Subscription revenue made up 96% of total revenue, and MongoDB Atlas represented 56% of total revenue for the quarter. Management stated it intends to keep investing heavily for growth rather than optimizing for profitability or cash flow in the near term. The company raised $889.2 million in net proceeds from a June 2021 offering of 2,500,000 Class A shares at $365.00 per share. Cash, cash equivalents, short-term investments and restricted cash totaled $1.8 billion at July 31, 2021, and stockholders' equity rose to $673.7 million from a deficit of $5.0 million at January 31, 2021, largely due to the offering and the adoption of ASU 2020-06, which reclassified convertible notes as debt. Free cash flow was $(14.3) million for the six months, compared with $(23.5) million a year earlier. The company stated that COVID-19 is expected to continue negatively affecting revenue in the near term. Its convertible notes (2024 and 2026 Notes) became convertible from August 1, 2021 through October 31, 2021 because the stock price condition was met. A patent lawsuit by Realtime Data LLC was dismissed by the District Court on August 23, 2021, and Realtime filed a notice of appeal on August 25, 2021.
Sep 3, 2021
2022-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2021
MongoDB, Inc. reported its quarterly results for the three months ended April 30, 2021 in this Form 10-Q. Total revenue was $181.6 million, up from $130.3 million a year earlier, with subscription revenue of $174.6 million and services revenue of $7.1 million. Net loss widened to $64.0 million from $54.0 million, and loss from operations was $61.4 million. Subscription revenue from MongoDB Atlas-related offerings rose to $93.5 million from $54.2 million, and the company stated it expects revenue to continue to be negatively impacted by the COVID-19 pandemic in the near term. Operating cash flow was $10.2 million, compared with $(5.9) million a year earlier, and free cash flow was $8.4 million. Cash, cash equivalents, short-term investments and restricted cash totaled $935.6 million at April 30, 2021, and the company said it believes these balances will be sufficient for at least the next 12 months. Stockholders' deficit grew to $(268.4) million, largely reflecting the $256.7 million cumulative effect of adopting ASU 2020-06 for convertible senior notes, and convertible senior notes, net rose to $1.19 billion. The 2024 and 2026 convertible notes became convertible at holders' option from May 1, 2021 through July 31, 2021 after the conditional conversion feature was triggered. The company repaid $27.6 million of principal in cash on conversions of 2024 Notes during the quarter. The filing also describes a patent infringement lawsuit filed by Realtime Data, which the company is not currently aware of any matter that would be expected to have a material adverse effect.
Jun 4, 2021
2021-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2020
MongoDB, Inc. (MDB) reported its 10-Q for the quarter ended October 31, 2020. Total revenue for the three months was $150.8 million, up from $109.4 million a year earlier, and subscription revenue was 96% of total revenue. Net loss widened to $72.7 million from $42.4 million, and for the nine months the net loss was $191.1 million versus $113.0 million. Gross margin was 69% for the quarter, down from 71%, and operating loss was $58.1 million. Interest and debt-related expense rose sharply after the January 2020 issuance of 0.25% convertible senior notes due 2026, with other expense, net of $13.6 million in the quarter compared with $3.1 million a year earlier. Cash flow and liquidity remained a focus. Net cash used in operating activities was $24.0 million for the nine months, and free cash flow was $(38.4) million. As of October 31, 2020, cash, cash equivalents, short-term investments and restricted cash totaled $966.8 million, against convertible senior notes with principal of $90.0 million (2024 Notes) and $1.15 billion (2026 Notes). The company said it expects revenue to continue to be negatively affected by COVID-19 in the near term and that it intends to keep investing heavily for growth rather than optimizing for profitability or cash flow. Operating metrics showed continued expansion. Customers exceeded 22,600 as of October 31, 2020, up from over 15,900, and MongoDB Atlas revenue was 47% of total revenue for the quarter, up from 40%. Headcount reached 2,334, and the company disclosed a pending lawsuit from Realtime Data alleging patent infringement, which remains stayed.
Dec 9, 2020
2021-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2020
MongoDB, Inc. reported its quarterly results for the three and six months ended July 31, 2020 in this Form 10-Q. Total revenue for the three months was $138.3 million, up from $99.4 million a year earlier, and subscription revenue was $132.5 million. The net loss widened to $64.5 million from $37.3 million, and the loss from operations was $49.8 million compared with $37.7 million. For the six months, revenue was $268.6 million against $188.8 million and the net loss was $118.5 million against $70.6 million. Interest expense rose sharply to $13.95 million for the quarter from $4.94 million, reflecting the 0.25% convertible senior notes due 2026 issued in January 2020. Liquidity remained substantial but the balance sheet is more leveraged. As of July 31, 2020, cash, cash equivalents, short-term investments and restricted cash totaled $975.4 million, while convertible senior notes, net, were $935.3 million and total stockholders' equity was $48.2 million, down from $82.9 million at January 31, 2020. Net cash used in operating activities was $15.9 million for the six months and free cash flow was $(23.5) million. Management said it expects COVID-19 to negatively affect revenue at least through the year ending January 31, 2021, and that it intends to keep investing heavily for growth rather than optimizing for near-term profitability. Operating metrics showed continued customer growth. The company had over 20,200 customers as of July 31, 2020, up from over 15,000, and MongoDB Atlas-related revenue was $61.1 million for the quarter versus $36.8 million a year earlier. Customers with $100,000 or more in ARR rose to 819 from 622, and the remaining performance obligations totaled $221.2 million, about 53% of which is expected to be recognized over the next 12 months. The company also disclosed a pending patent infringement lawsuit by Realtime Data, which is currently stayed.
Sep 3, 2020
2021-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2020
MongoDB, Inc. (MDB) reported its quarterly results for the three months ended April 30, 2020 in this Form 10-Q. Total revenue rose to $130.3 million from $89.4 million a year earlier, with subscription revenue of $124.9 million up from $84.0 million. MongoDB Atlas-related subscription revenue was $54.2 million versus $30.9 million, and it represented 42% of total revenue compared with 35% in the prior-year period. Gross margin was 71% versus 68%, but the company posted a net loss of $54.0 million, or $0.94 per share, compared with a net loss of $33.2 million, or $0.61 per share, a year earlier. Operating expenses grew across sales and marketing, research and development, and general and administrative, and interest expense rose to $13.8 million from $4.7 million, largely reflecting amortization of debt discount on the 0.25% convertible senior notes due 2026. Cash flow remained negative. Operating cash flow was $(5.9) million and free cash flow was $(8.5) million, compared with $3.2 million and $2.8 million in the prior year. The company held cash, cash equivalents, short-term investments and restricted cash of $977.5 million at April 30, 2020, against convertible senior notes with a net carrying amount of $923.1 million. Total stockholders' equity fell to $63.0 million from $82.9 million, and the accumulated deficit reached $722.4 million. Management stated it expects COVID-19 to negatively affect revenue at least through fiscal 2021, recorded a higher allowance for credit losses, and said it intends to keep investing heavily for growth rather than optimizing for near-term profitability.
Jun 5, 2020
2020-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2019
MongoDB, Inc. reported its quarterly results for the three and nine months ended October 31, 2019 in this Form 10-Q. Total revenue for the three months rose to $109.4 million from $71.8 million a year earlier, and subscription revenue reached $103.8 million, up from $66.6 million. Net loss widened to $42.4 million for the quarter from $22.5 million, and loss from operations was $38.7 million. For the nine months, total revenue was $298.2 million versus $181.5 million, and net loss was $113.0 million versus $76.8 million. Management states it intends to keep investing heavily to grow the business rather than optimizing for profitability or cash flow in the near term. Operating cash flow was negative $20.9 million for the nine months, and free cash flow was negative $24.1 million, compared with negative $36.2 million a year earlier. As of October 31, 2019, cash, cash equivalents, short-term investments and restricted cash totaled $426.4 million, and management believes this is sufficient to fund operations for at least the next 12 months. The company has $300.0 million of 0.75% convertible senior notes due 2024, and the conditional conversion feature was triggered in the quarter, making the notes convertible between November 1, 2019 and January 31, 2020. The company intends to settle principal in cash. Other notable items include the acquisition of Realm (Tightdb, Inc.) for $39.0 million in cash in May 2019, the Atlas business growing to 40% of total revenue in the quarter, and the ongoing Realtime Data patent lawsuit, which is stayed pending appeal and which the company does not currently expect to have a material adverse effect.
Dec 10, 2019
2020-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2019
MongoDB, Inc. (MDB) reported its quarterly results for the three and six months ended July 31, 2019 in this Form 10-Q. Total revenue for the three months was $99.4 million, up from $59.6 million a year earlier, and subscription revenue was $94.2 million. For the six months, total revenue was $188.8 million versus $109.8 million. The company continued to post losses: the net loss was $37.3 million for the quarter ($0.67 per share) and $70.6 million for the six months ($1.28 per share). Loss from operations was $37.7 million for the quarter, and the company's filing states it intends to keep investing heavily to grow its business rather than optimizing for profitability or cash flow in the near term. The balance sheet shows cash, cash equivalents, short-term investments and restricted cash totaling $436.6 million as of July 31, 2019. Net cash used in operating activities was $9.4 million for the six months, and free cash flow was $(11.0) million, compared with $(26.5) million a year earlier. The company's 0.75% convertible senior notes due 2024 carry a principal of $300.0 million. The conditional conversion feature was triggered for the quarter, so the notes are convertible at holders' option from August 1, 2019 through October 31, 2019. Management states it currently intends to settle the principal in cash, and it had not received any conversion notices as of July 31, 2019. Operational indicators in the filing include over 15,000 customers as of July 31, 2019, up from over 7,400 a year earlier, and over 13,200 MongoDB Atlas customers. MongoDB Atlas revenue represented 37% of total revenue for the quarter, compared with 18% a year earlier. Gross margin declined to 70% for the quarter from 72%, which the company attributes to growth in MongoDB Atlas hosting costs. The company acquired Realm (Tightdb, Inc.) on May 7, 2019 for $39.0 million in cash, and the filing lists a pending patent infringement lawsuit by Realtime Data, which the company says is currently stayed.
Sep 5, 2019
2020-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2019
MongoDB, Inc. filed this Form 10-Q for the quarter ended April 30, 2019. Total revenue rose to $89.4 million from $50.1 million a year earlier, with subscription revenue at $84.0 million (versus $46.1 million) and services revenue at $5.4 million (versus $4.1 million). Net loss widened to $33.2 million, or $(0.61) per share, from $26.6 million, or $(0.53) per share. Loss from operations was $30.6 million, compared with $26.7 million a year earlier. Operating cash flow was $3.2 million and free cash flow was $2.8 million, versus $(8.0) million and $(8.4) million in the prior-year period. The filing attributes subscription growth primarily to $19.8 million from new customers, including mLab customers, and cites MongoDB Atlas revenue of $30.9 million, or 35% of total revenue, up from $7.0 million (14%). Gross margin declined to 68% from 73%, which the company ties to third-party cloud infrastructure costs for MongoDB Atlas. Sales and marketing, research and development, and general and administrative expenses all increased, reflecting headcount growth and public-company costs. Interest expense on the 0.75% convertible senior notes due 2024 ($300.0 million principal) and on the New York City finance lease drove other expense, which swung to $(2.8) million of other expense, net. The company reported cash, cash equivalents, short-term investments and restricted cash of $476.9 million and stated it believes these are sufficient for at least the next 12 months. The conversion feature of the notes was triggered for holders to convert between May 1, 2019 and July 31, 2019, and the company stated it intends to settle principal in cash. The filing also discloses the Realtime Data patent infringement lawsuit filed March 12, 2019, and the agreement to acquire Realm (Tightdb, Inc.) for $39.0 million in cash, which the filing says closed May 7, 2019.
Jun 7, 2019
2019-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2018
MongoDB, Inc. filed this Form 10-Q for the quarter ended October 31, 2018, reporting total revenue of $65.0 million for the three months ended October 31, 2018, up from $41.5 million a year earlier, and $170.7 million for the nine months, up from $109.5 million. Subscription revenue was $60.1 million for the quarter and accounted for 92% of total revenue. Net loss widened to $31.3 million for the quarter from $24.2 million, and to $91.7 million for the nine months from $70.0 million. Gross margin held at 73% for the quarter, while sales and marketing, research and development, and general and administrative expenses all rose as headcount grew and the company became publicly traded. The balance sheet strengthened through the issuance of $300.0 million principal of 0.75% convertible senior notes due 2024, with net proceeds of approximately $291.1 million. Cash, cash equivalents, short-term investments and restricted cash totaled $522.7 million at October 31, 2018. Operating cash flow was $(32.5) million and free cash flow was $(36.2) million for the nine months. Management stated that existing cash and short-term investments are sufficient to fund operations for at least the next 12 months, and the accumulated deficit reached $535.5 million. The filing also highlights strategic changes. On October 16, 2018, the company moved Community Server to a new Server Side Public License (SSPL), and the filing discusses risks that this could slow adoption. MongoDB Atlas accounted for 22% of revenue in the quarter, and the company acquired ObjectLabs Corporation (mLab) for $68.0 million in cash on November 1, 2018, as a subsequent event.
Dec 6, 2018
2019-Q2
MongoDB Quarterly Report for Q2 Ended Jul 31, 2018
MongoDB, Inc. reported a quarterly net loss of $31.2 million on total revenue of $57.5 million for the three months ended July 31, 2018, compared with a net loss of $26.1 million on revenue of $35.6 million a year earlier. For the six months ended July 31, 2018, revenue was $105.7 million and the net loss was $60.4 million. Subscription revenue made up 92% of total revenue for both periods, and MongoDB Atlas, the cloud database-as-a-service offering, represented 18% of total revenue for the three months and 16% for the six months. The company continued to prioritize investment for growth over near-term profitability, with operating expenses at 124% of revenue for the quarter. The balance sheet strengthened materially during the quarter. In June and July 2018, MongoDB issued $300.0 million of 0.75% convertible senior notes due 2024, with net proceeds of approximately $291.1 million, and used $37.1 million of those proceeds to buy capped calls intended to offset dilution. Cash, cash equivalents, short-term investments and restricted cash totaled $523.2 million as of July 31, 2018. Management stated that existing cash and short-term investments will be sufficient for at least the next 12 months. Operating cash flow was $(24.9) million and free cash flow was $(26.5) million for the six months, and the accumulated deficit reached $504.2 million. The filing also flags that MongoDB expects to cease qualifying as an emerging growth company as of January 31, 2019, which will bring auditor attestation under Section 404(b) and adoption of the new revenue standard (ASU 2014-09) for that fiscal year. Management expects unearned subscription revenue to decline upon adoption of the new revenue standard, which may lead to greater fluctuations in reported results. Customers numbered over 7,400 as of July 31, 2018, up from over 4,300 a year earlier, and customers with $100,000 or greater in ARR and annualized MRR rose to 438 from 296.
Sep 7, 2018
2019-Q1
MongoDB Quarterly Report for Q1 Ended Apr 30, 2018
MongoDB, Inc. reported a quarterly net loss of $29.2 million for the three months ended April 30, 2018, compared with $19.7 million in the prior-year period, on total revenue of $48.2 million versus $32.4 million. Subscription revenue was $44.6 million (92% of total revenue), and the company stated that the increase in subscription revenue of $15.4 million was primarily due to $9.6 million from new customers. Gross margin was 71.5% compared with 71.6% a year earlier, while operating expenses rose to $63.8 million from $43.0 million, driven largely by sales and marketing headcount growth of 36% and research and development headcount growth of 35%. Operating cash flow was negative $8.0 million and free cash flow was negative $8.4 million, improved from negative $11.7 million and negative $12.4 million a year earlier. As of April 30, 2018, cash, cash equivalents, short-term investments and restricted cash totaled $271.5 million, and the company stated it believes this is sufficient to fund operations for at least the next 12 months. The accumulated deficit reached $472.9 million, and the company said it expects to continue incurring operating losses and negative operating cash flows. Key operating metrics included over 6,600 customers as of April 30, 2018, up from over 3,600 a year earlier, and over 4,400 MongoDB Atlas customers. The company also disclosed that it expects unearned subscription revenue to decline significantly upon adoption of the new revenue standard under full retrospective transition.
Jun 7, 2018
2018-Q3
MongoDB Quarterly Report for Q3 Ended Oct 31, 2017
MongoDB, Inc. filed this Form 10-Q for the quarter ended October 31, 2017, its first quarterly report after its IPO. Total revenue for the three months ended October 31, 2017 was $41.5 million, up from $26.3 million, and for the nine months was $109.5 million, up from $71.4 million. Subscription revenue made up 91% of total revenue for the nine months. Net loss widened to $24.2 million for the quarter and $70.0 million for the nine months, compared with $19.5 million and $64.9 million a year earlier. Loss from operations was $24.1 million for the quarter, and operating expenses were 132% of revenue. Gross margin was 73% for the quarter. The company closed its IPO in October 2017 of 9,200,000 Class A shares at $24.00 per share, with net proceeds of $201.6 million after underwriting discounts and offering expenses. Cash and cash equivalents plus short-term investments totaled $288.6 million at October 31, 2017, up from $116.5 million at January 31, 2017. Operating cash flow was negative $37.2 million for the nine months, and free cash flow was negative $38.9 million. Management stated it intends to keep investing heavily for growth rather than optimizing for profitability or cash flow in the near term. The company's Class B shares carry 10 votes each. Holders of Class B stock represented approximately 98% of the voting power, and directors and executive officers together held about 52%. Subsequent events include a non-cancelable cloud infrastructure commitment of $36.0 million over three years and a New York headquarters lease of 106,230 square feet with estimated aggregate base rent of $87.9 million over 12 years.
Dec 15, 2017