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Apr 30, 2022
MongoDB Q1 2023 Earnings Report
MongoDB's first quarter results for fiscal year 2023 were announced, featuring revenue growth and strong customer acquisition.
Key Takeaways
MongoDB reported a strong first quarter for fiscal year 2023, with total revenue of $285.4 million, a 57% increase year-over-year. The growth was primarily driven by an 82% increase in MongoDB Atlas revenue, which now accounts for 60% of total revenue. MongoDB ended the quarter with over 35,200 customers.
Total revenue reached $285.4 million, representing a 57% year-over-year increase.
MongoDB Atlas revenue grew by 82% year-over-year and accounted for 60% of total revenue.
The company has over 35,200 customers as of April 30, 2022.
Non-GAAP income from operations was $17.5 million, compared to a non-GAAP loss of $2.8 million in the year-ago period.
Revenue by Segment
Forward Guidance
MongoDB is issuing financial guidance for the second quarter and full year fiscal 2023. This guidance includes an estimated negative revenue impact of $4-5 million in the second quarter and $30-35 million for the full year fiscal 2023 due to the current global macroeconomic environment.
Positive Outlook
- Second Quarter Fiscal 2023 Revenue: $279.0 million to $282.0 million
- Full Year Fiscal 2023 Revenue: $1,172.0 million to $1,192.0 million
- Second Quarter Fiscal 2023 Non-GAAP Income (Loss) from Operations: ($18.0) million to ($16.0) million
- Full Year Fiscal 2023 Non-GAAP Income (Loss) from Operations: ($9.0) million to $1.0 million
- Second Quarter Fiscal 2023 Non-GAAP Net Loss per Share: ($0.31) to ($0.28)
Challenges Ahead
- Full Year Fiscal 2023 Non-GAAP Net Loss per Share: ($0.31) to ($0.16)
- The guidance includes our estimate of $4-5 million negative revenue impact in the second quarter from the current global macroeconomic environment
- The guidance includes our estimate of $30-35 million negative revenue impact for the full year fiscal 2023 from the current global macroeconomic environment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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