MongoDB Q4 2021 Earnings Report
Key Takeaways
MongoDB announced strong Q4 fiscal year 2021 results with a 38% year-over-year increase in total revenue, reaching $171.0 million. MongoDB Atlas revenue accounted for 49% of the total Q4 revenue, demonstrating a substantial 66% year-over-year growth. The company's focus on cloud solutions and application development positions it for continued growth.
Total revenue increased by 38% year-over-year, reaching $171.0 million.
Subscription revenue grew by 39% year-over-year, amounting to $163.9 million.
MongoDB Atlas revenue represented 49% of the total Q4 revenue, with a 66% year-over-year increase.
The company announced general availability of MongoDB Realm Sync and expanded partnerships with Tencent Cloud and Google Cloud.
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MongoDB Revenue by Segment
Forward Guidance
MongoDB provided financial guidance for the first quarter and full year fiscal 2022.
Positive Outlook
- First Quarter Fiscal 2022 Revenue: $167.0 million to $170.0 million
- Full Year Fiscal 2022 Revenue: $745.0 million to $765.0 million
Challenges Ahead
- First Quarter Fiscal 2022 Non-GAAP Loss from Operations: ($21.0) million to ($19.0) million
- Full Year Fiscal 2022 Non-GAAP Loss from Operations: ($84.0) million to ($74.0) million
- First Quarter Fiscal 2022 Non-GAAP Net Loss per Share: ($0.39) to ($0.36)
- Full Year Fiscal 2022 Non-GAAP Net Loss per Share: ($1.55) to ($1.39)
Revenue & Expenses
Visualization of income flow from segment revenue to net income