01—Abstract
Summary
Summary of the 10-Q filed May 29, 2026. Cited figures are marked; the original filing is the authoritative source.
MongoDB, Inc. reported its 10-Q for the quarter ended April 30, 2026.
Total revenue was $687.6 milliona, 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 millionb, 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 millionc, 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.
02—Key points
Key Highlights
- Total revenue of $687.6 million, up 25% from $549.0 million; Atlas-related revenue was $512.5 million, versus $395.9 million a year earlier.
- Net income of $4.4 million ($0.05 diluted EPS) versus a net loss of $37.6 million in the prior-year quarter; loss from operations narrowed to $24.8 million from $53.6 million.
- Gross margin of 72%, up from 71%, and subscription gross margin of 75%, down from 76%, as Atlas costs rose as a share of revenue.
- Net cash provided by operating activities of $201.6 million, up from $109.9 million, with stock-based compensation of $137.8 million.
- Cash, cash equivalents, restricted cash and short-term investments of $2.4 billion; $100.0 million of share repurchases during the quarter with $499.7 million of authorization remaining.
- Remaining performance obligations of $1,458.6 million, with about 53% expected to be recognized over the next 12 months; net ARR expansion rate of 121%.
- Securities class action (Baxter v. MongoDB) continues; on May 1, 2026 the court granted the motion to dismiss in part and denied it in part, and defendants moved for reconsideration on May 15, 2026. The company cannot estimate any reasonably possible loss.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2027, MongoDB kept $0.01.
- Revenue$687.6M100.0%
- Cost of revenue−$191.4M27.8%
- Gross profit$496.2M72.2%
- Operating costs−$521.0M75.8%
- Operating income−$24.8M3.6%
- Interest, other & tax$29.2M4.3%
- Net income$4.4M0.6%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2027filed May 29, 2026Financial Statements
Q1 FY2027 against Q1 FY2026
| Line item | Q1 FY2027Q1 FY2026 | Change |
|---|---|---|
| Revenue | $687.62M$549.01M | +25.2% |
| Cost of Revenue | $191.44M$158.04M | +21.1% |
| Gross Profit | $496.18M$390.97M | +26.9% |
| R&D Expenses | $200.41M$168.83M | +18.7% |
| Operating Expenses | $520.98M$444.53M | +17.2% |
| Operating Income | -$24.80M-$53.55M | +53.7% |
| Interest Expense | $853K$1.07M | −20.0% |
| Net Income | $4.43M-$37.63M | +111.8% |
| EPS (Basic) | $0.06$-0.46 | +113.0% |
| EPS (Diluted) | $0.05$-0.46 | +110.9% |
| Shares Outstanding (Basic) | 80.36M81.06M | −0.9% |
| Shares Outstanding (Diluted) | 81.58M81.06M | +0.6% |
05—Questions
Frequently Asked Questions
What drove the swing from a net loss to net income this quarter?
Operating loss narrowed to $24.8 million from $53.6 million on revenue growth of $138.6 million. Other income, net rose to $33.6 million from $20.2 million, which the filing attributes primarily to realized and unrealized gains on non-marketable securities. Net income was $4.4 million versus a net loss of $37.6 million a year earlier.
How is the company returning capital to shareholders?
During the quarter MongoDB repurchased 358,216 shares of common stock for $100.0 million under its share repurchase program, at an average price of $285.25 per share. As of April 30, 2026, $499.7 million remained under the program. The company also paid $58.3 million in taxes related to net share settlement of equity awards.
What is the status of the securities litigation?
In the Baxter securities class action, the court on May 1, 2026 granted the motion to dismiss in part and denied it in part, as it relates to four specific statements. Defendants filed a motion for reconsideration on May 15, 2026. The company said it is unable to estimate any reasonably possible loss and intends to vigorously defend the case. Related derivative suits are stayed pending the court's decision on reconsideration.
How is the customer base growing?
MongoDB had over 67,700 customers as of April 30, 2026, up from over 57,100 a year earlier, and over 66,400 Atlas customers versus over 55,800. Customers with $100,000 or greater in ARR numbered 2,895, up from 2,506. The net ARR expansion rate was 121%.
What did the company disclose about the Clarity acquisition?
On May 8, 2026, MongoDB acquired all outstanding shares of Clarity Business Holdings, LLC, a services firm focused on U.S. Government workloads, for total consideration of approximately $16.0 million in cash, subject to customary adjustments. The company expects to complete the preliminary purchase price allocation in the second quarter of fiscal 2027.
06—Continue