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Jan 31, 2021
MongoDB Q4 2021 Earnings Report
MongoDB's fourth quarter performance marked a strong conclusion to a successful year, driven by the increasing strategic role of its modern application data platform.
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.
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)
Historical Earnings Impact
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Avg. Return Before/After Earnings
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