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MongoDB
🇺🇸 NASDAQ:MDB
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Jan 31, 2020

MongoDB Q4 2020 Earnings Report

MongoDB's Q4 2020 earnings exceeded expectations, demonstrating robust growth and continued adoption of its modern data platform.

Key Takeaways

MongoDB reported a strong fourth quarter in fiscal year 2020, with total revenue reaching $123.5 million, a 44% increase year-over-year. MongoDB Atlas revenue accounted for 41% of the total revenue, growing over 80% year-over-year. The company's customer base expanded to over 17,000, and Atlas surpassed $200 million in annualized revenue run rate.

Total revenue reached $123.5 million, up 44% year-over-year.

MongoDB Atlas revenue grew over 80% year-over-year, representing 41% of total Q4 revenue.

The company exceeded $200 million in annualized revenue run rate for Atlas in Q4.

MongoDB ended the quarter with over 17,000 customers.

Total Revenue
$124M
Previous year: $85.5M
+44.5%
EPS
-$0.25
Previous year: -$0.17
+47.1%
MongoDB Atlas Customers
15.4K
Total Customers
17K
Customers > 100k ARR
751
Gross Profit
$88.7M
Cash and Equivalents
$706M
Free Cash Flow
-$10.9M
Total Assets
$1.33B

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB provided financial guidance for the first quarter and full year fiscal 2021, which includes an estimated negative revenue impact from the COVID-19 outbreak.

Positive Outlook

  • Revenue for the first quarter of fiscal 2021 is expected to be between $119.0 million and $121.0 million.
  • Revenue for the full year fiscal 2021 is projected to be between $510.0 million and $530.0 million.
  • MongoDB is well-positioned to benefit from the platform shift towards the cloud.
  • Customers are embracing the modern data platform.
  • Atlas is uniquely positioned to give customers freedom to run anywhere and leverage the benefits of each cloud provider.

Challenges Ahead

  • The company anticipates a negative revenue impact of $1-2 million in Q1 and $15-25 million for the full year fiscal 2021 due to COVID-19.
  • Non-GAAP loss from operations for the first quarter of fiscal 2021 is expected to be between $(14.0) million and $(12.0) million.
  • Non-GAAP loss from operations for the full year fiscal 2021 is projected to be between $(78.0) million and $(68.0) million.
  • Non-GAAP net loss per share for the first quarter of fiscal 2021 is expected to be between $(0.25) and $(0.22).
  • Non-GAAP net loss per share for the full year fiscal 2021 is projected to be between $(1.40) and $(1.23).

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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