01—Abstract
Summary
Summary of the 10-Q filed December 2, 2025. Cited figures are marked; the original filing is the authoritative source.
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 milliona, 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 millionb 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 billionc. 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 milliond, 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.
02—Key points
Key Highlights
- Total revenue for the three months ended October 31, 2025 was $628.3 million, up from $529.4 million, with subscription revenue of $609.1 million.
- Net loss for the quarter was $2.0 million ($0.02 per share), compared with a net loss of $9.8 million ($0.13 per share) a year earlier.
- Net cash provided by operating activities was $325.5 million for the nine months ended October 31, 2025, compared with $99.7 million in the prior-year period.
- The net ARR expansion rate was 120% as of October 31, 2025, and the company had over 62,500 customers.
- The company repurchased 1,443,294 shares for $345.3 million during the nine months, with $654.7 million remaining under its repurchase program.
- A renewal agreement with a cloud infrastructure provider includes a non-cancelable commitment of $300 million payable from October 2025 through October 2028.
- Ongoing securities class action (Baxter v. MongoDB, Inc.) and related derivative suits remain pending, and the company is unable to estimate any reasonably possible loss.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q3 FY2026, MongoDB lost $0.00.
- Revenue$628.3M100.0%
- Cost of revenue−$179.2M28.5%
- Gross profit$449.1M71.5%
- Operating costs−$467.6M74.4%
- Operating income−$18.4M2.9%
- Interest, other & tax$16.4M2.6%
- Net income−$2.0M0.3%
04—Financials
Financial Highlights
Figures from 10-QQ3 FY2026filed December 2, 2025Financial Statements
Q3 FY2026 against Q3 FY2025
| Line item | Q3 FY2026Q3 FY2025 | Change |
|---|---|---|
| Revenue | $628.31M$529.38M | +18.7% |
| Cost of Revenue | $179.18M$135.33M | +32.4% |
| Gross Profit | $449.13M$394.04M | +14.0% |
| R&D Expenses | $176.61M$151.41M | +16.6% |
| Operating Expenses | $467.56M$421.92M | +10.8% |
| Operating Income | -$18.42M-$27.88M | +33.9% |
| Interest Expense | $801K$2.28M | −64.8% |
| Net Income | -$2.01M-$9.78M | +79.5% |
| EPS (Basic) | $-0.02$-0.13 | +84.6% |
| Shares Outstanding (Basic) | 81.40M74.02M | +10.0% |
05—Questions
Frequently Asked Questions
How did MongoDB's revenue and profitability trend in the latest quarter?
Total revenue rose to $628.3 million for the three months ended October 31, 2025, from $529.4 million a year earlier. Gross margin was 71% versus 74% in the prior-year quarter. Loss from operations narrowed to $18.4 million from $27.9 million, and net loss narrowed to $2.0 million from $9.8 million.
What drove the increase in subscription revenue?
The filing attributes the $96.9 million increase in subscription revenue primarily to increased consumption of MongoDB Atlas by large existing customers, as evidenced by a net ARR expansion rate of 120% as of October 31, 2025.
How strong is the company's cash position and cash generation?
As of October 31, 2025, cash, cash equivalents, short-term investments and restricted cash totaled $2.3 billion. Operating cash flow for the nine months was $325.5 million, and the company stated it believes existing resources will be sufficient for at least the next 12 months.
What are the main legal risks disclosed?
The company disclosed the Baxter v. MongoDB, Inc. putative securities class action, filed in July 2024 and alleging material misstatements regarding sales strategy and financial results, along with related shareholder derivative lawsuits. The company states it is unable to estimate any reasonably possible loss and intends to vigorously defend itself.
What capital return and commitments did the company make during the period?
During the nine months ended October 31, 2025, the company repurchased shares for $345.3 million and had $654.7 million remaining under its repurchase program. It also entered into a non-cancelable $300 million commitment with a cloud infrastructure provider, payable from October 2025 through October 2028.
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