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Jul 31, 2024

MongoDB Q2 2025 Earnings Report

MongoDB delivered healthy results, marked by strong new workload acquisition and better-than-expected Atlas consumption trends.

Key Takeaways

MongoDB announced its Q2 fiscal year 2025 financial results with a total revenue of $478.1 million, up 13% year-over-year. The company has over 50,700 customers as of July 31, 2024, and MongoDB Atlas revenue increased by 27% year-over-year, representing 71% of the total Q2 revenue.

Total revenue was $478.1 million, a 13% increase year-over-year.

MongoDB Atlas revenue grew by 27% year-over-year and accounted for 71% of total Q2 revenue.

The company reported over 50,700 customers as of July 31, 2024.

MongoDB AI Applications Program (MAAP) was made generally available to customers in July.

Total Revenue
$478M
Previous year: $424M
+12.8%
EPS
$0.7
Previous year: $0.93
-24.7%
Total Customers
50.7K
Previous year: 45K
+12.7%
MongoDB Atlas Customers
49.2K
Previous year: 43.5K
+13.1%
Customers > $100K ARR
2.19K
Previous year: 1.86K
+18.0%
Gross Profit
$350M
Previous year: $318M
+9.9%
Cash and Equivalents
$1.29B
Previous year: $607M
+112.6%
Free Cash Flow
-$4M
Previous year: -$27.3M
-85.3%
Total Assets
$3.13B
Previous year: $2.65B
+18.2%

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB is issuing the following financial guidance for the third quarter and full year fiscal 2025. For the third quarter of fiscal year 2025, revenue is expected to be between $493.0 million and $497.0 million, and non-GAAP income from operations is expected to be between $57.0 million and $60.0 million. For the full year fiscal 2025, revenue is expected to be between $1.92 billion and $1.93 billion, and non-GAAP income from operations is expected to be between $187.0 million and $195.0 million.

Positive Outlook

  • Revenue is expected to be between $493.0 million and $497.0 million for Q3 2025.
  • Non-GAAP income from operations is expected to be between $57.0 million and $60.0 million for Q3 2025.
  • Revenue is expected to be between $1.92 billion and $1.93 billion for the full year 2025.
  • Non-GAAP income from operations is expected to be between $187.0 million and $195.0 million for the full year 2025.
  • Non-GAAP Net Income per Share is expected to be $2.33 to $2.47 for the full year 2025.

Revenue & Expenses

Visualization of income flow from segment revenue to net income