Revenue and Growth - Subscription revenue accounted for 97% of total revenue for the three months ended April 30, 2024, compared to 96% for the same period in 2023[103] - MongoDB Atlas revenue represented 70% of total revenue for the three months ended April 30, 2024, up from 65% in the same period of 2023[106] - The number of customers increased to over 49,200 as of April 30, 2024, compared to over 43,100 a year earlier, reflecting a growth of approximately 14%[117] - The number of Direct Sales Customers grew to over 7,100, accounting for 87% of subscription revenue for the three months ended April 30, 2024[118] - The annualized recurring revenue (ARR) from customers with $100,000 or greater in ARR increased to 2,137 as of April 30, 2024, compared to 1,761 in 2023[120] - Total revenue for the three months ended April 30, 2024, increased to $450.6 million, up 22% from $368.3 million in the same period of 2023, primarily driven by a $82.2 million increase in subscription revenue[139] - Subscription revenue reached $436.9 million, representing a 23% increase from $354.7 million in the prior year, largely due to a $71.1 million increase from Direct Sales Customers[144] - The net ARR expansion rate has consistently been over 120%, indicating strong growth within existing customers[121] Expenses and Losses - Net loss for the three months ended April 30, 2024, increased to $80.6 million, compared to a net loss of $54.2 million in the same period of 2023, attributed to higher sales and marketing and research and development expenses[139] - Sales and marketing expenses rose to $219.4 million, a 20% increase from $182.7 million in the prior year, driven by higher costs for in-person events and personnel[149] - Research and development expenses increased by 25% to $146.1 million, primarily due to a $22.1 million rise in personnel costs and stock-based compensation[150] - General and administrative expenses surged by 52% to $60.5 million, driven by increased personnel costs and higher professional fees[151] - The net loss for the three months ended April 30, 2024, was $80.6 million, which included non-cash charges of $120.8 million for stock-based compensation[159] Cash Flow and Financial Position - Operating cash flow improved to $63.6 million for the three months ended April 30, 2024, compared to $53.7 million in the same period of 2023[140] - Cash provided by operating activities for the three months ended April 30, 2024, was $63.6 million, an increase from $53.7 million in the same period of 2023[158][161] - Cash used in investing activities during the three months ended April 30, 2024, was $48.1 million, primarily due to purchases of marketable securities[162] - Cash used in financing activities for the three months ended April 30, 2024, was $1.1 million, mainly due to principal repayments of finance leases[164] - As of April 30, 2024, the company had $2.1 billion in cash, cash equivalents, and short-term investments, sufficient to fund operating and capital needs for at least the next 12 months[155] - The company had cash, cash equivalents, restricted cash, and short-term investments totaling $2.1 billion as of April 30, 2024[171] - The company may require additional capital resources to execute strategic initiatives and may seek additional equity or debt financing in the future[157] Market and Economic Environment - The worldwide database software market is projected to grow from $93 billion in 2023 to approximately $170 billion in 2028, representing a 13% compound annual growth rate[110] - The macroeconomic environment has negatively impacted growth rates for existing MongoDB Atlas applications, with expectations of continued headwinds for the remainder of the year[113] - The company anticipates experiencing seasonal fluctuations in revenue and operating results, particularly with respect to multi-year contracts and MongoDB Atlas revenue[165] Internal Controls and Compliance - The management evaluated the effectiveness of disclosure controls and procedures as of April 30, 2024, concluding they were effective at the reasonable assurance level[176] - No changes in internal control over financial reporting were identified during the three months ended April 30, 2024, that materially affected internal control[177] - Management acknowledges inherent limitations in the effectiveness of controls, which may not prevent all errors or fraud[178]

MongoDB, Inc. (NASDAQ:MDB) Q1 2025 Earnings Conference Call May 30, 2024 5:00 PM ET Company Participants Brian Denyeau - IR, ICR Dev Ittycheria - President and CEO Michael Gordon - COO and CFO Conference Call Participants Sanjit Singh - Morgan Stanley Raimo Lenschow - Barclays Brad Reback - Stifel Kash Rangan - Goldman Sachs Karl Keirstead - UBS Brad Sills - Bank of America Tyler Radke - Citi Mike Cikos - Needham Brent Bracelin - Piper Sandler William Power - Baird Joe Vandrick - Scotiabank Operator Good da ...

MongoDB (MDB) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.38 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 34.21%. A quarter ago, it was expected that this database platform would post earnings of $0.46 per share when it actually produced earnings of $0.86, delivering a surprise of 86.96%. Over the last four quarters, the compan ...

MongoDB stock sank as much as 25% in extended trading on Thursday after the database software maker issued light guidance for the quarter and reduced its forecast for the full fiscal year. Here's how the company did, compared to the LSEG consensus: Earnings per share: 51 cents adjusted vs. 40 cents expected Revenue: $450.6 million vs. $439.7 million expected MongoDB's revenue grew 22% year over year in the fiscal first quarter, which ended on April 30, according to a statement. Growth slowed for the third c ...

Exhibit 99.1 MongoDB, Inc. Announces First Quarter Fiscal 2025 Financial Results First Quarter Fiscal 2025 Total Revenue of $450.6 million, up 22% Year-over-Year Continued Strong Customer Growth with Over 49,200 Customers as of April 30, 2024 MongoDB Atlas Revenue up 32% Year-over-Year; 70% of Total Q1 Revenue First Quarter Fiscal 2025 Financial Highlights A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at th ...

First Quarter Fiscal 2025 Total Revenue of $450.6 million, up 22% Year-over-Year Continued Strong Customer Growth with Over 49,200 Customers as of April 30, 2024 MongoDB Atlas Revenue up 32% Year-over-Year; 70% of Total Q1 Revenue NEW YORK, May 30, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the first quarter ended April 30, 2024. "MongoDB's delivered solid first quarter results, highlighted by 32% Atlas revenue growth. At the same time, we had a slower than ex ...

NEW YORK, May 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced that it will present at two upcoming conferences: the Baird 2024 Global Consumer, Technology & Services Conference in New York, NY and the 44th Annual William Blair Growth Stock Conference in Chicago, IL. A live webcast of each presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcasts will also be available for a li ...

Product innovation has been a key focus, with new features like MongoDB Atlas Vector Search simplifying the integration of generative AI and semantic search capabilities into real-time applications. This innovation is likely to have resonated with customers, driving satisfaction, engagement and potentially higher retention rates. MongoDB's global reach has been expanding, with the availability of Atlas in 117 cloud regions across Alphabet (GOOGL) -owned Google Cloud, Amazon's (AMZN) cloud division, Amazon W ...

Analysts on Wall Street project that MongoDB (MDB) will announce quarterly earnings of $0.38 per share in its forthcoming report, representing a decline of 32.1% year over year. Revenues are projected to reach $438.44 million, increasing 19.1% from the same quarter last year. Analysts' assessment points toward 'Revenue- Subscription - MongoDB Atlas-related' reaching $312.08 million. The estimate indicates a year-over-year change of +31.3%. Based on the collective assessment of analysts, 'Revenue- Subscripti ...

Four new independently vetted certifications empower organizations with unique regulatory requirements to confidently adopt and run MongoDB Atlas NEW YORK, May 23, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced MongoDB Atlas's compliance with four additional security certifications—ISO 9001, TISAX, HDS, and TX-RAMP— which further MongoDB's commitment to safeguarding enterprise and public sector customer data. These latest certifications build upon MongoDB's strong portfolio of compliance r ...