MongoDB Q1 2022 Earnings Report
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.
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MongoDB Revenue by Segment
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.