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Jan 31

MongoDB Q4 2025 Earnings Report

MongoDB reported strong Q4 2025 revenue growth driven by Atlas, with improved profitability.

Key Takeaways

MongoDB reported total revenue of $548.4 million for Q4 2025, growing 20% year-over-year. Subscription revenue reached $531.0 million (+19% YoY), and services revenue was $17.4 million (+34% YoY). GAAP net income was $15.8 million ($0.20 per share), compared to a net loss of $55.5 million a year ago. Non-GAAP net income reached $108.4 million ($1.28 per share). Atlas revenue accounted for 71% of total Q4 revenue, growing 24% YoY. The company ended the quarter with over 54,500 customers.

Total Q4 revenue grew 20% YoY to $548.4 million.

GAAP net income was $15.8 million ($0.20 per share).

Non-GAAP net income was $108.4 million ($1.28 per share).

Atlas revenue grew 24% YoY and accounted for 71% of total revenue.

Total Revenue
$548M
Previous year: $458M
+19.7%
EPS
$1.28
Previous year: $0.86
+48.8%
MongoDB Atlas Customers
53.1K
Previous year: 46.3K
+14.7%
Total Customers
54.5K
Previous year: 47.8K
+14.0%
Customers > 100k ARR
2.4K
Previous year: 2.05K
+16.8%
Gross Profit
$399M
Previous year: $343M
+16.3%
Cash and Equivalents
$490M
Previous year: $803M
-39.0%
Free Cash Flow
$22.9M
Previous year: $50.5M
-54.6%
Total Assets
$3.43B
Previous year: $2.87B
+19.5%

MongoDB

MongoDB

MongoDB Revenue by Segment

Forward Guidance

MongoDB expects Q1 FY26 revenue between $524M and $529M, with non-GAAP EPS of $0.63 to $0.67. Full-year FY26 revenue is projected between $2.24B and $2.28B.

Positive Outlook

  • Q1 FY26 revenue expected between $524M-$529M.
  • Full-year FY26 revenue projected at $2.24B-$2.28B.
  • Non-GAAP operating income expected to grow.
  • Atlas consumption growth remains stable.
  • Company eliminated all debt from balance sheet.

Challenges Ahead

  • Non-Atlas revenue expected to decline high-single digits YoY.
  • Gross margin declined slightly from 75% to 73% YoY.
  • Free cash flow lower than previous year’s Q4.
  • Macroeconomic uncertainty could impact growth.
  • Stock-based compensation remains a significant expense.

Revenue & Expenses

Visualization of income flow from segment revenue to net income