01—Abstract
Summary
Summary of the 10-Q filed June 4, 2025. Cited figures are marked; the original filing is the authoritative source.
MongoDB, Inc. reported its first quarter of fiscal 2026 (three months ended April 30, 2025) with total revenue of $549.0 milliona, up 22% from $450.6 million a year earlier.
Subscription revenue was $531.5 millionb, 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 millionc, 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 milliond, 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.
02—Key points
Key Highlights
- Total revenue rose 22% to $549.0 million; subscription revenue was $531.5 million and MongoDB Atlas-related revenue was $395.9 million (72% of total revenue).
- Net loss narrowed to $37.6 million ($0.46 per share) from $80.6 million ($1.10 per share) a year earlier.
- Loss from operations improved to $53.6 million from $98.2 million, with sales and marketing at 40% of revenue versus 49% a year earlier.
- Gross margin declined to 71% from 73%, as higher third-party cloud infrastructure costs accompanied Atlas growth.
- Operating cash flow was $109.9 million versus $63.6 million; cash, short-term investments and restricted cash totaled $2.5 billion.
- Net ARR expansion rate was approximately 119%; remaining performance obligations were $774.3 million, with about 58% expected within 12 months.
- Board authorized an additional $800.0 million in share repurchases on June 3, 2025, bringing the total authorization to $1.0 billion; no repurchases occurred in the quarter.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q1 FY2026, MongoDB lost $0.07.
- Revenue$549.0M100.0%
- Cost of revenue−$158.0M28.8%
- Gross profit$391.0M71.2%
- Operating costs−$444.5M81.0%
- Operating income−$53.6M9.8%
- Interest, other & tax$15.9M2.9%
- Net income−$37.6M6.9%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2026filed June 4, 2025Financial Statements
Q1 FY2026 against Q1 FY2025
| Line item | Q1 FY2026Q1 FY2025 | Change |
|---|---|---|
| Revenue | $549.01M$450.56M | +21.9% |
| Cost of Revenue | $158.04M$122.70M | +28.8% |
| Gross Profit | $390.97M$327.86M | +19.2% |
| R&D Expenses | $168.83M$146.06M | +15.6% |
| Operating Expenses | $444.53M$426.05M | +4.3% |
| Operating Income | -$53.55M-$98.19M | +45.5% |
| Interest Expense | $1.07M$1.90M | −43.8% |
| Net Income | -$37.63M-$80.59M | +53.3% |
| EPS (Basic) | $-0.46$-1.10 | +58.2% |
| EPS (Diluted) | $-0.46— | — |
| Shares Outstanding (Basic) | 81.06M72.99M | +11.1% |
| Shares Outstanding (Diluted) | 81.06M— | — |
05—Questions
Frequently Asked Questions
How did MongoDB's revenue and profitability trend in the quarter ended April 30, 2025?
Total revenue increased 22% to $549.0 million from $450.6 million. Net loss narrowed to $37.6 million from $80.6 million, and loss from operations narrowed to $53.6 million from $98.2 million. Gross margin declined to 71% from 73%.
What did management say about the macroeconomic environment's effect on growth?
Management stated that the macroeconomic environment negatively impacted the business during the quarter, with slower than historical growth rates for existing MongoDB Atlas applications. It expects macroeconomic headwinds on growth for existing Atlas applications in the short term.
How much capital does MongoDB have and what is its repurchase authorization?
As of April 30, 2025, cash, cash equivalents, short-term investments and restricted cash totaled $2.5 billion. On June 3, 2025, the Board authorized an additional $800.0 million in repurchases, bringing the aggregate authorization to $1.0 billion. No shares were repurchased during the quarter.
What legal risks does the filing disclose?
A putative securities class action (Baxter v. MongoDB, Inc.) alleges material misstatements regarding sales strategy and financial results for purchasers between June 1, 2023 and May 30, 2024. A related shareholder derivative suit was also filed. The company cannot estimate any reasonably possible loss and intends to vigorously defend the matters.
What acquisition did MongoDB complete during the period?
On February 17, 2025, MongoDB acquired Voyage AI Innovations, Inc., an AI-powered software company specializing in embedding and reranking models. The preliminary purchase consideration was $160.9 million, including $19.5 million in cash and $141.4 million in common stock, and goodwill recorded was $120.0 million.
06—Continue