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MongoDB
🇺🇸 NASDAQ:MDB
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•
Jan 31, 2022

MongoDB Q4 2022 Earnings Report

MongoDB's Q4 2022 financial results showcased strong revenue growth and customer acquisition.

Key Takeaways

MongoDB announced strong Q4 results with a 56% year-over-year increase in total revenue, reaching $266.5 million. MongoDB Atlas revenue grew by 85% year-over-year and represented 58% of the total Q4 revenue. The company's customer base has expanded to over 33,000.

Total revenue increased by 56% year-over-year, reaching $266.5 million.

MongoDB Atlas revenue grew by 85% year-over-year and represents 58% of total revenue.

Gross profit was $190.7 million, with a gross margin of 72%.

The company had over 33,000 customers as of January 31, 2022.

Total Revenue
$266M
Previous year: $171M
+55.8%
EPS
-$0.09
Previous year: -$0.33
-72.7%
MongoDB Atlas Customers
31.5K
Previous year: 23.3K
+35.2%
Total Customers
33K
Previous year: 24.8K
+33.1%
Customers > 100k ARR
1.31K
Previous year: 975
+34.1%
Gross Profit
$191M
Previous year: $120M
+58.9%
Cash and Equivalents
$474M
Previous year: $430M
+10.3%
Free Cash Flow
$16.8M
Previous year: -$20.7M
-181.2%
Total Assets
$2.45B
Previous year: $1.41B
+74.0%

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB is issuing financial guidance for the first quarter and full year fiscal 2023.

Positive Outlook

  • Revenue is expected to be between $263.0 million to $267.0 million for Q1 2023.
  • Full year revenue is expected to be between $1,151.0 million to $1,181.0 million.
  • Non-GAAP loss from operations is projected between ($5.0) million to ($2.0) million for Q1 2023.
  • Full year non-GAAP loss from operations is projected between ($22.0) million to ($7.0) million.
  • Non-GAAP net loss per share is expected to be between ($0.12) to ($0.08) for Q1 2023.

Challenges Ahead

  • Fluctuations in MongoDB’s operating results may be particularly pronounced in the current economic environment due to continuing uncertainty caused by the ongoing COVID-19 pandemic.
  • The situation regarding COVID-19 remains uncertain and could change rapidly.
  • Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures
  • MongoDB expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.
  • Actual results may differ materially.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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