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MongoDB
🇺🇸 NASDAQ:MDB
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•
Oct 31, 2024

MongoDB Q3 2025 Earnings Report

MongoDB's Q3 2025 financial results significantly exceeded expectations, driven by strong EA performance and Atlas revenue growth.

Key Takeaways

MongoDB's Q3 Fiscal 2025 total revenue reached $529.4 million, a 22% increase year-over-year. The company continued to experience strong customer growth, with over 52,600 customers. MongoDB Atlas revenue increased by 26% year-over-year and accounted for 68% of the total Q3 revenue.

Total revenue was $529.4 million, up 22% year-over-year.

MongoDB Atlas revenue grew by 26% year-over-year, representing 68% of total Q3 revenue.

The company had over 52,600 customers as of October 31, 2024.

Non-GAAP income from operations was $101.5 million, compared to $78.5 million in the year-ago period.

Total Revenue
$529M
Previous year: $433M
+22.3%
EPS
$1.16
Previous year: $0.96
+20.8%
MongoDB Atlas Customers
51.1K
Previous year: 44.9K
+13.8%
Total Customers
52.6K
Previous year: 46.4K
+13.4%
Customers > 100k ARR
2.31K
Previous year: 1.97K
+17.3%
Gross Profit
$394M
Previous year: $326M
+20.9%
Cash and Equivalents
$673M
Previous year: $478M
+40.9%
Free Cash Flow
$34.6M
Previous year: $35M
-1.1%
Total Assets
$3.22B
Previous year: $2.69B
+19.7%

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB is issuing the following financial guidance for the fourth quarter and full year fiscal 2025 based on information available as of December 9, 2024.

Positive Outlook

  • Revenue is expected to be between $515.0 million and $519.0 million for the fourth quarter of fiscal 2025.
  • Full year fiscal 2025 revenue is projected to be between $1.973 billion and $1.977 billion.
  • Non-GAAP income from operations is expected to be between $55.0 million and $58.0 million for the fourth quarter of fiscal 2025.
  • Full year fiscal 2025 non-GAAP income from operations is projected to be between $241.8 million and $244.8 million.
  • Non-GAAP net income per share is expected to be between $0.62 and $0.65 for the fourth quarter of fiscal 2025.

Challenges Ahead

  • Reconciliations of non-GAAP income from operations and Non-GAAP net income per share guidance to the most directly comparable GAAP measures are not available without unreasonable efforts on a forward-looking basis.
  • The high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures.
  • The measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in MongoDB’s stock price.
  • MongoDB expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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