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Apr 30, 2021
MongoDB Q1 2022 Earnings Report
MongoDB's Q1 2022 financial results were announced, showcasing strong growth and customer acquisition.
Key Takeaways
MongoDB reported a strong start to fiscal year 2022, with total revenue of $181.6 million, a 39% increase year-over-year. MongoDB Atlas revenue grew by 73% year-over-year and now represents 51% of total revenue. The company also reported continued customer growth, exceeding 26,800 customers.
Total revenue reached $181.6 million, a 39% increase year-over-year.
MongoDB Atlas revenue grew by 73% year-over-year, representing 51% of total revenue.
The company has over 26,800 customers.
Partnerships with major cloud providers accelerated.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Services Revenue
CapyFin.com Forward Guidance
MongoDB is providing revenue guidance of $180.0 million to $183.0 million for the second quarter of fiscal year 2022 and $771.0 million to $784.0 million for the full fiscal year 2022. They anticipate a non-GAAP loss from operations of $24.0 million to $22.0 million for Q2 and $76.0 million to $68.0 million for the full year. The non-GAAP net loss per share is expected to be between $0.43 and $0.40 for Q2 and between $1.38 and $1.25 for the full year.
Positive Outlook
- Revenue guidance for Q2 2022: $180.0M - $183.0M
- Revenue guidance for FY 2022: $771.0M - $784.0M
- Non-GAAP loss from operations guidance for Q2 2022: ($24.0M) - ($22.0M)
- Non-GAAP loss from operations guidance for FY 2022: ($76.0M) - ($68.0M)
- Non-GAAP net loss per share guidance for Q2 2022: ($0.43) - ($0.40)
Challenges Ahead
- Non-GAAP net loss per share guidance for FY 2022: ($1.38) - ($1.25)
- Fluctuations in operating results may be pronounced due to COVID-19 uncertainty.
- Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to GAAP measures is not available without unreasonable efforts.
- Variability of charges, especially stock-based compensation, may significantly impact future GAAP financial results.
- Actual results may differ materially due to various risks and uncertainties.