01—Abstract
Summary
Summary of the 10-Q filed September 1, 2026. Cited figures are marked; the original filing is the authoritative source.
MongoDB, Inc. reported total revenue of $771.8 milliona 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 millionb 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 millionc, 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 milliond 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%.
02—Key points
Key Highlights
- Total revenue rose to $771.8 million in the quarter, up from $591.4 million, with subscription revenue at $747.1 million.
- Operating income was $28.4 million for the quarter, compared with an operating loss of $65.3 million in the prior-year quarter.
- Net income was $40.9 million ($0.50 diluted EPS) for the quarter, versus a net loss of $47.0 million a year earlier.
- Gross margin increased to 74% from 71%, with subscription gross margin at 77% versus 76%.
- Net cash provided by operating activities was $343.5 million for the six months, up from $182.0 million.
- The company repurchased 666,452 shares for $200.0 million in the six months, with $399.7 million remaining under the authorization.
- Securities and derivative lawsuits remain pending, and the company says it cannot estimate any reasonably possible loss.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2027, MongoDB kept $0.05.
- Revenue$771.8M100.0%
- Cost of revenue−$202.0M26.2%
- Gross profit$569.8M73.8%
- Operating costs−$541.4M70.1%
- Operating income$28.4M3.7%
- Interest, other & tax$12.5M1.6%
- Net income$40.9M5.3%
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2027filed September 1, 2026Financial Statements
Q2 FY2027 against Q2 FY2026
| Line item | Q2 FY2027Q2 FY2026 | Change |
|---|---|---|
| Revenue | $771.77M$591.40M | +30.5% |
| Cost of Revenue | $202.01M$171.43M | +17.8% |
| Gross Profit | $569.76M$419.97M | +35.7% |
| R&D Expenses | $213.87M$181.74M | +17.7% |
| Operating Expenses | $541.37M$485.27M | +11.6% |
| Operating Income | $28.40M-$65.29M | +143.5% |
| Interest Expense | $924K$1.47M | −37.3% |
| Net Income | $40.94M-$47.05M | +187.0% |
| EPS (Basic) | $0.51$-0.58 | +187.9% |
| EPS (Diluted) | $0.50$-0.58 | +186.2% |
| Shares Outstanding (Basic) | 80.50M81.08M | −0.7% |
| Shares Outstanding (Diluted) | 82.00M81.08M | +1.1% |
05—Questions
Frequently Asked Questions
How did MongoDB's revenue and profitability change in the quarter ended July 31, 2026?
Total revenue increased to $771.8 million from $591.4 million, and the company reported operating income of $28.4 million compared with an operating loss of $65.3 million a year earlier. Net income was $40.9 million versus a net loss of $47.0 million in the prior-year quarter.
What drove the growth in subscription revenue?
The filing attributes the increase in subscription revenue primarily to higher consumption of Atlas by large existing customers and growth in MongoDB Enterprise Advanced. Atlas-related revenue was $565.9 million for the quarter, compared with $439.0 million a year earlier.
How much cash and investments does the company hold, and how is it returning capital?
Cash, cash equivalents, short-term investments and restricted cash totaled $2.4 billion as of July 31, 2026. During the six months, the company repurchased 666,452 shares for $200.0 million at an average price of $300.10, leaving $399.7 million of authorization remaining.
What legal risks does the filing disclose?
The company is a defendant in a securities class action alleging misstatements about sales strategy, growth projections and financial results, and in several shareholder derivative lawsuits. The company states it is unable to estimate any reasonably possible loss and intends to vigorously defend itself.
What did the filing say about the company's customer base and retention?
The company reported 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%. Atlas customers numbered over 69,300, up from over 58,500.
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