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Apr 30
MongoDB Q1 2026 Earnings Report
MongoDB reported strong Q1 2026 results with solid Atlas growth, improved profitability metrics, and increased customer momentum.
Key Takeaways
MongoDB delivered a robust Q1 2026 with 22% YoY revenue growth, significant non-GAAP profitability, and its largest quarterly net customer additions in six years.
Total revenue reached $549,000,000, up 22% YoY.
MongoDB Atlas accounted for 72% of total revenue and grew 26% YoY.
The company added 2,600 new customers, reaching over 57,100.
Net loss narrowed to $37,600,000 while non-GAAP net income hit $86,300,000.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
MongoDB expects Q2 FY26 revenue between $548M–$553M and full-year revenue between $2.25B–$2.29B, with continued non-GAAP profitability.
Positive Outlook
- Revenue guidance for Q2 is up to $553,000,000.
- Full-year revenue guidance reaches up to $2,290,000,000.
- Q2 non-GAAP EPS forecast between $0.62–$0.66.
- Full-year non-GAAP EPS forecast up to $3.12.
- Non-GAAP operating income guidance up to $287,000,000 for the year.
Challenges Ahead
- GAAP net losses are expected to persist despite non-GAAP profitability.
- Gross margin slightly decreased YoY (GAAP: 71% vs. 73%).
- Free cash flow, while strong, may face pressure from ongoing investments.
- Slight sequential revenue decline expected in Q2.
- Uncertainty due to stock-based compensation and acquisition-related costs not included in forward GAAP metrics.
Revenue & Expenses
Visualization of income flow from segment revenue to net income