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Oct 31, 2023
MongoDB Q3 2024 Earnings Report
MongoDB's performance remained strong, marked by substantial revenue growth and enhanced profitability.
Key Takeaways
MongoDB reported a robust third quarter in fiscal year 2024, with a 30% year-over-year increase in total revenue, reaching $432.9 million. The company demonstrated strong customer growth, exceeding 46,400 customers. MongoDB Atlas revenue also saw significant growth, increasing by 36% year-over-year and representing 66% of the total Q3 revenue.
Total revenue increased by 30% year-over-year, reaching $432.9 million.
Customer base expanded to over 46,400 customers.
MongoDB Atlas revenue grew by 36% year-over-year, accounting for 66% of total revenue.
MongoDB Atlas Vector Search was released to simplify building real-time generative AI applications.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com Forward Guidance
MongoDB provided financial guidance for the fourth quarter and full year fiscal 2024.
Positive Outlook
- Revenue is expected to be between $429.0 million and $433.0 million for the fourth quarter.
- Full year revenue is projected to be between $1.654 billion and $1.658 billion.
- Non-GAAP income from operations is forecasted to be between $35.0 million and $38.0 million for the fourth quarter.
- Full year non-GAAP income from operations is expected to be between $236.3 million and $239.3 million.
- Non-GAAP net income per share is anticipated to be between $0.44 and $0.46 for the fourth quarter.
Revenue & Expenses
Visualization of income flow from segment revenue to net income