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MongoDB
🇺🇸 NASDAQ:MDB
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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.

Total Revenue
$227M
Previous year: $151M
+50.5%
EPS
-$0.11
Previous year: -$0.31
-64.5%
MongoDB Atlas Customers
29.5K
Previous year: 21.1K
+39.8%
Total Customers
31K
Previous year: 22.6K
+37.2%
Customers > 100k ARR
1.2K
Previous year: 898
+33.7%
Gross Profit
$158M
Previous year: $105M
+51.3%
Cash and Equivalents
$748M
Previous year: $415M
+80.4%
Free Cash Flow
-$9.2M
Previous year: -$14.9M
-38.3%
Total Assets
$2.35B
Previous year: $1.36B
+73.4%

MongoDB

MongoDB

MongoDB 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.
  • Full year Non-GAAP loss from operations is expected.
  • Q4 Non-GAAP net loss per share is expected.
  • Full year Non-GAAP net loss per share is expected.
  • 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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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