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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.
MongoDB
MongoDB
MongoDB Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comServices Revenue
CapyFin.com 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