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MongoDB ((MDB) is a $27 billion provider of datacenter solutions and is a key alternative to AWS and Azure because developers seem to love the platform.Mongo has established itself as the clear next-generation, NoSQL, general purpose database leader with over $2B of annualized revenue growing at 20%+ and its core Atlas product growing high double-digits. Based on its large total addressable market, their growing platform capabilities position MongoDB for strong growth for many years.But despite a big earnin ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _____________________ FORM 10-K _____________________ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38240 _____________________ MONGODB, INC. (Exact name of registrant as specified in its cha ...

MongoDB (MDB) reported fourth-quarter fiscal 2024 adjusted earnings of 86 cents per share, which beat the Zacks Consensus Estimate by 86.96% and increased 50.9% year over year.Revenues of $457.5 million jumped 26.6% year over year and surpassed the consensus mark by 6.02%.MongoDB’s subscription revenues accounted for 97.1% of revenues and totaled $444.3 million, up 27.6% year over year. Services revenues declined 0.5% year over year to $13.1 million, contributing 2.9% to revenues.Increased User BaseMongoDB ...

Key PointsMongoDB had a solid quarter, with growth sustaining above 25% for another quarter, but guidance was weak.MongoDB Atlas is gaining traction and has grown to 68% of revenue. Analysts are resetting their targets but remain bullish and see a 15% upside at the consensus. 5 stocks we like better than AdobeResults from MongoDB NASDAQ: MDB and GitLab NASDAQ: GTLB suggest a bubble is bursting in the AI market that could impact names like Oracle NYSE: ORCL, Adobe NASDAQ: ADBE, and Microsoft NASDAQ: MSFT. Ho ...

Financial Data and Key Metrics - Revenue for Q4 FY2024 was $458 million, up 27% YoY, exceeding guidance [96] - Atlas revenue grew 34% YoY, representing 68% of total revenue [96][107] - Non-GAAP operating income was $69.2 million, with a 15% operating margin, up from 10% in the prior year [74] - Net income for Q4 was $71.1 million, or $0.86 per share, compared to $46.4 million, or $0.57 per share, in the year-ago period [91] - Free cash flow for FY2024 was $109.9 million, compared to negative $24.7 million in FY2023 [109] Business Line Data and Key Metrics - Atlas consumption trends remained stable, with less variability in FY2024 compared to FY2023 [5][108] - Enterprise Advanced (EA) exceeded expectations, driven by multi-year deals and strong demand for on-premise modernization [68][96] - Net ARR expansion rate remained above 120%, with 2,052 customers spending over $100,000 annually and 259 customers spending over $1 million annually [69] Market Data and Key Metrics - The company added over 7,000 customers in FY2024, including AI startups and Fortune 500 companies [80] - Atlas customer count reached 46,300, up from 39,300 in the prior year [85] - The company sees stable consumption growth across its portfolio of workloads, driven by underlying application usage [5] Company Strategy and Industry Competition - The company is focused on deepening its product advantage, particularly in AI-enabled workloads, and expanding its sales capacity [99] - MongoDB is well-positioned in the AI stack, operating at the second and third layers to enable customers to build AI applications using proprietary data and LLMs [97] - The company competes effectively against cloud players due to its flexible document architecture, open platform, and developer popularity [98] - MongoDB is investing in relational migration opportunities, leveraging GenAI to reduce the cost and time of rewriting application code [99] Management Commentary on Operating Environment and Future Outlook - The company expects FY2025 to be similar to FY2024, with stable consumption trends and healthy new business acquisition [57] - Management believes AI will be a significant long-term growth driver, but it is still in the early stages, with most enterprises in the experimentation phase [97][20] - The company plans to increase headcount growth to the mid-teens in FY2025, prioritizing sales capacity and product roadmap execution [116] Other Important Information - The company expects Q1 FY2025 revenue to be between $436 million and $440 million, with non-GAAP operating income of $22 million to $25 million [24] - Full-year FY2025 revenue guidance is $1.9 billion to $1.93 billion, with non-GAAP operating income of $186 million to $201 million [24] - The company anticipates a decline in EA revenue due to fewer multi-year deals and a reduction in unused Atlas commitments [86] Summary of Q&A Session Question: Atlas Stream Processing and its impact on guidance - Atlas Stream Processing is in public preview, with GA timing dependent on customer feedback [9] - The product is embedded in FY2025 guidance but is not expected to be a major needle mover in the near term [25] Question: Operating margin guidance and headcount growth - FY2025 operating margin guidance reflects increased hiring and investments in sales capacity, with a 500 basis point improvement over two years [25][116] Question: AI adoption and its impact on MongoDB - AI adoption is still in the early stages, with most enterprises experimenting and prototyping [18][20] - MongoDB is well-positioned for AI workloads due to its flexible schema and real-time data handling capabilities [18] Question: Relational migration and GenAI impact - Relational migration demand is driven by cost savings, scalability, and AI enablement [39] - GenAI is expected to accelerate migration timelines by reducing the cost of rewriting application code [39] Question: Competition with Snowflake and Databricks - MongoDB does not typically compete with Snowflake and Databricks, as they focus on analytical workloads, while MongoDB targets operational workloads [43] Question: Consumption trends and guidance assumptions - Atlas consumption growth is expected to remain stable, in line with FY2024 trends [86] - The company has more confidence in its guidance due to reduced variability and better understanding of seasonality [62]

For the quarter ended January 2024, MongoDB (MDB) reported revenue of $458 million, up 26.8% over the same period last year. EPS came in at $0.86, compared to $0.57 in the year-ago quarter.The reported revenue represents a surprise of +6.02% over the Zacks Consensus Estimate of $431.99 million. With the consensus EPS estimate being $0.46, the EPS surprise was +86.96%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expect ...

MongoDB (MDB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 86.96%. A quarter ago, it was expected that this database platform would post earnings of $0.49 per share when it actually produced earnings of $0.96, delivering a surprise of 95.92%.Over the last four quarters, the company ...

MongoDB (MDB 1.77%) is due to report fourth-quarter earnings after close of trading on Thursday -- and Wall Street is nervous. Analysts following the database are expecting strong sales growth for the quarter -- more than 20% -- but a steep falloff in earnings, which could plunge 17% to $0.47 per share. Or perhaps I should say most analysts are nervous.On Wednesday morning, before earnings even come out, Citigroup analyst Tyler Radke decided to double down on his "buy" rating on MongoDB stock -- and raise h ...

Shares of MongoDB (MDB 1.58%) popped on Wednesday, climbing as much as 4.7%. As of 11:48 a.m. ET, the stock was up 1.7%.The catalyst that drove the database-as-a-service provider higher was a price target increase and bullish commentary from a Wall Street analyst.Some love from Wall StreetCitigroup analyst Tyler Radke boosted his price target on MongoDB stock to $550 while maintaining a buy rating on the shares. For those following along at home, that represents potential gains of 36% compared to Tuesday's ...