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Jul 31, 2021
MongoDB Q2 2022 Earnings Report
MongoDB's Q2 2022 results were exceptionally strong, driven by Atlas revenue growth and customer adoption.
Key Takeaways
MongoDB announced strong second quarter fiscal 2022 financial results with total revenue of $198.7 million, up 44% year-over-year. MongoDB Atlas revenue grew by 83% year-over-year and now accounts for 56% of total Q2 revenue. The company continues to experience strong customer growth, with over 29,000 customers as of July 31, 2021.
Total revenue was $198.7 million, an increase of 44% year-over-year.
MongoDB Atlas revenue grew 83% year-over-year, representing 56% of total Q2 revenue.
The company surpassed 200 million cumulative downloads from its website.
MongoDB had over 29,000 customers as of July 31, 2021.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2022. For the third quarter, revenue is expected to be between $202.0 million and $204.0 million, and non-GAAP loss from operations is expected to be between $(25.0) million and $(23.0) million, with Non-GAAP Net Loss per Share between $(0.42) to $(0.39). For the full year fiscal 2022, revenue is expected to be between $805.0 million to $811.0 million, and non-GAAP loss from operations is expected to be between $(67.0) million to $(62.0) million, with Non-GAAP Net Loss per Share between $(1.20) to $(1.13).
Positive Outlook
- Revenue is expected to be between $202.0 million and $204.0 million for Q3 2022.
- Non-GAAP loss from operations is expected to be between $(25.0) million and $(23.0) million for Q3 2022.
- Non-GAAP net loss per share is expected to be between $(0.42) and $(0.39) for Q3 2022.
- Revenue is expected to be between $805.0 million and $811.0 million for fiscal year 2022.
- Non-GAAP loss from operations is expected to be between $(67.0) million and $(62.0) million for fiscal year 2022.
Challenges Ahead
- Non-GAAP loss from operations is expected for both Q3 and full year fiscal 2022.
- Non-GAAP net loss per share is expected for both Q3 and full year fiscal 2022.
- Fluctuations in MongoDB’s operating results may be particularly pronounced in the current economic environment due to continuing uncertainty caused by the ongoing COVID-19 pandemic.
- Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis.
- The variability of charges is expected to have a significant, and potentially unpredictable, impact on future GAAP financial results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income