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Oct 31, 2021
MongoDB Q3 2022 Earnings Report
MongoDB's financial performance for Q3 2022 resulted in revenue of $227 million, representing a 50% year-over-year increase, and a customer base exceeding 31,000.
Key Takeaways
MongoDB announced its Q3 Fiscal Year 2022 financial results, with total revenue reaching $227 million, a 50% increase year-over-year. The company's customer base grew to over 31,000, and MongoDB Atlas revenue increased by 84% year-over-year, accounting for 58% of the total Q3 revenue.
Total revenue was $226.9 million, up 50% year-over-year.
MongoDB Atlas revenue grew by 84% year-over-year and represented 58% of total revenue.
The company had over 31,000 customers as of October 31, 2021.
Non-GAAP loss from operations was $3.5 million, compared to $16.0 million in the year-ago period.
Revenue by Segment
Forward Guidance
MongoDB is issuing financial guidance for the fourth quarter and full year fiscal 2022. Revenue is expected to be between $239.0 million and $242.0 million for the fourth quarter and between $846.3 million and $849.3 million for the full year. Non-GAAP loss from operations is expected to be between ($13.0) million and ($11.0) million for the fourth quarter and between ($36.4) million and ($34.4) million for the full year. Non-GAAP net loss per share is expected to be between ($0.24) and ($0.21) for the fourth quarter and between ($0.74) and ($0.71) for the full year.
Positive Outlook
- Revenue for Q4 is projected to be between $239.0 million and $242.0 million.
- Full year revenue is projected to be between $846.3 million and $849.3 million.
- Non-GAAP loss from operations for Q4 is projected to be between ($13.0) million and ($11.0) million.
- Non-GAAP loss from operations for the full year is projected to be between ($36.4) million and ($34.4) million.
- Non-GAAP net loss per share for Q4 is projected to be between ($0.24) and ($0.21).
Challenges Ahead
- Q4 Non-GAAP loss from operations is expected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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