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Jul 31, 2020

MongoDB Q2 2021 Earnings Report

MongoDB's Q2 2021 financial results were announced, showcasing substantial revenue growth and customer acquisition

Key Takeaways

MongoDB reported a strong second quarter with total revenue of $138.3 million, a 39% increase year-over-year. The company exceeded 20,200 customers and saw MongoDB Atlas revenue contribute 44% to the total revenue, growing 66% year-over-year. Based on the strong first half performance, MongoDB is significantly increasing its revenue outlook for fiscal year 2021.

Total revenue reached $138.3 million, up 39% year-over-year.

Subscription revenue was $132.5 million, a 41% increase year-over-year.

MongoDB Atlas revenue accounted for 44% of total Q2 revenue, growing 66% year-over-year.

Total customer count exceeded 20,200.

Total Revenue
$138M
Previous year: $99.4M
+39.2%
EPS
-$0.22
Previous year: -$0.26
-15.4%
Total Customers
20.2K
Previous year: 15K
+34.7%
Customers > 100k ARR
819
Previous year: 622
+31.7%
Direct Sales Customers
2.5K
Previous year: 1.85K
+35.1%
Gross Profit
$96M
Cash and Equivalents
$469M
Free Cash Flow
-$15M
Total Assets
$1.36B

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2021.

Revenue & Expenses

Visualization of income flow from segment revenue to net income