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Apr 30, 2024
MongoDB Q1 2025 Earnings Report
MongoDB delivered solid results, with Atlas revenue growth of 32%. However, the company had a slower than expected start to the year for both Atlas consumption growth and new workload wins.
Key Takeaways
MongoDB's Q1 2025 total revenue reached $450.6 million, a 22% increase year-over-year. MongoDB Atlas revenue grew by 32% year-over-year and accounted for 70% of the total revenue. The company had over 49,200 customers as of April 30, 2024.
Total revenue was $450.6 million, up 22% year-over-year.
Subscription revenue was $436.9 million, up 23% year-over-year.
MongoDB Atlas revenue increased by 32% year-over-year and represented 70% of total Q1 revenue.
The company had over 49,200 customers as of April 30, 2024.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Services Revenue
CapyFin.com Forward Guidance
MongoDB is issuing financial guidance for the second quarter and full year fiscal 2025. Revenue is expected to be between $460.0 million and $464.0 million for Q2 2025 and between $1.88 billion and $1.90 billion for the full year fiscal 2025. Non-GAAP income from operations is expected to be between $35.0 million and $38.0 million for Q2 2025 and between $168.0 million to $183.0 million for the full year fiscal 2025. Non-GAAP net income per share is expected to be between $0.46 and $0.49 for Q2 2025 and between $2.15 and $2.30 for the full year fiscal 2025.
Positive Outlook
- Revenue for Q2 2025 is projected to be between $460.0 million and $464.0 million.
- Full year fiscal 2025 revenue is projected to be between $1.88 billion and $1.90 billion.
- Non-GAAP income from operations for Q2 2025 is projected to be between $35.0 million and $38.0 million.
- Full year fiscal 2025 non-GAAP income from operations is projected to be between $168.0 million and $183.0 million.
- Non-GAAP net income per share for Q2 2025 is projected to be between $0.46 and $0.49.
Challenges Ahead
- Reconciliations of non-GAAP income from operations and non-GAAP net income per share guidance to the most directly comparable GAAP measures are not available without unreasonable efforts on a forward-looking basis.
- Variability of stock-based compensation expense may have a significant, and potentially unpredictable, impact on future GAAP financial results.
- The guidance is based on information available to management as of May 30, 2024.
- The guidance is subject to various assumptions, uncertainties, risks and factors that are beyond the company's control.
- The company undertakes no duty or obligation to update any forward-looking statements as a result of new information, future events, or changes in expectations.