01—Abstract
Summary
Summary of the 8-K filed March 5, 2025. Cited figures are marked; the original filing is the authoritative source.
On March 5, 2025, MongoDB, Inc. reported financial results for the fourth quarter and full fiscal year ended January 31, 2025.
Fourth-quarter total revenue was $548.4 milliona, up 20% year-over-year, with Atlas revenue up 24% year-over-year and making up 71% of total Q4 revenue. Full-year fiscal 2025 total revenue was $2.01 billion, up 19% year-over-year. GAAP net income for the quarter was $15.8 million, or $0.20 per basic share, compared with a net loss of $55.5 million a year earlier.
Non-GAAP net income was $108.4 millionb, or $1.28 per share, and free cash flow was $22.9 million for the quarter. As of January 31, 2025, the company held $2.3 billion in cash, cash equivalents, short-term investments and restricted cash. The company guided first-quarter fiscal 2026 revenue to $524.0 million to $529.0 million and full-year fiscal 2026 revenue to $2.240 billion to $2.280 billion.
The full-year guidance assumes non-Atlas revenue will decline high-single digits in percentage terms. Management expects stable Atlas consumption growth in fiscal 2026, which it calls the main growth driver. Non-GAAP net income per share guidance is $0.63 to $0.67c for the first quarter and $2.44 to $2.62 for the full year.
The filing also reports that MongoDB acquired Voyage AI, completed the redemption of its 2026 Convertible Notes, eliminating all debt from the balance sheet, and announced a stock repurchase program of up to $200 milliond, which the company says is intended to offset the dilutive impact of the Voyage AI acquisition consideration. The repurchase program has no obligation to buy any particular amount and may be suspended or modified at any time.
02—Key points
Key Highlights
- Q4 fiscal 2025 total revenue of $548.4 million, up 20% year-over-year; Atlas revenue up 24% year-over-year and 71% of total Q4 revenue.
- Full-year fiscal 2025 total revenue of $2.01 billion, up 19% year-over-year; GAAP net loss narrowed to $129.1 million from $176.6 million.
- Q4 GAAP net income of $15.8 million ($0.20 per basic share) versus a net loss of $55.5 million a year earlier; non-GAAP net income of $108.4 million ($1.28 per share).
- Fiscal 2026 guidance: total revenue of $2.240 billion to $2.280 billion, with non-Atlas revenue assumed to decline high-single digits in percentage terms.
- Fiscal 2026 non-GAAP income from operations guidance of $210.0 million to $230.0 million for the full year, and $54.0 million to $58.0 million for Q1.
- Company redeemed its 2026 Convertible Notes, eliminating all debt from the balance sheet, and acquired Voyage AI.
- Announced a stock repurchase program of up to $200 million, intended to offset dilution from the Voyage AI acquisition consideration.
03—Questions
Frequently Asked Questions
How did MongoDB perform in the fourth quarter of fiscal 2025?
Total revenue was $548.4 million, up 20% year-over-year, with subscription revenue of $531.0 million (up 19%) and services revenue of $17.4 million (up 34%). GAAP gross margin was 73% versus 75% a year earlier, and GAAP loss from operations narrowed to $18.6 million from $71.0 million. GAAP net income was $15.8 million.
What is the company's revenue outlook for fiscal 2026?
MongoDB guided first-quarter fiscal 2026 revenue to $524.0 million to $529.0 million and full-year fiscal 2026 revenue to $2.240 billion to $2.280 billion. The full-year outlook assumes non-Atlas revenue declines in the high-single digits in percentage terms, and management expects stable Atlas consumption growth.
What is the $200 million stock buyback?
MongoDB announced a program to repurchase up to $200 million of its common stock, through open market or privately negotiated transactions. Timing depends on market conditions, prices and management's discretion. The company is not obligated to buy any particular amount, and the program may be suspended or modified at any time. The company said it is intended to offset the dilutive impact of the Voyage AI acquisition consideration.
How did the company's balance sheet change?
The company redeemed its 2026 Convertible Notes, which the filing says eliminates all debt from the balance sheet. Convertible senior notes, net were $1.14 billion at January 31, 2024 and zero at January 31, 2025. Total stockholders' equity rose to $2.78 billion from $1.07 billion, and cash, cash equivalents and short-term investments totaled $2.3 billion.
What acquisition did MongoDB complete, and why does it matter?
MongoDB acquired Voyage AI, described as a pioneer in state-of-the-art embedding and reranking models. The company says integrating this technology will let organizations build AI-powered applications with highly accurate information retrieval integrated with operational data.
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