MongoDB(US:MDB)2025-03-05 21:07Financial Performance - Fourth Quarter Fiscal 2025 total revenue was $548.4 million, up 20% year-over-year, while full year revenue reached $2.01 billion, up 19% year-over-year[1][6] - MongoDB Atlas revenue grew 24% year-over-year, accounting for 71% of total Q4 revenue[1][2] - Gross profit for Q4 was $399.4 million, representing a 73% gross margin, compared to 75% in the prior year[3] - Net income for Q4 was $15.8 million, or $0.20 per share, compared to a net loss of $55.5 million, or $0.77 per share, in the year-ago period[3] - Full year fiscal 2025 non-GAAP net income was $308.2 million, or $3.66 per share, compared to $274.2 million, or $3.33 per share, in the previous year[6] - Total revenue for the year ended January 31, 2025, was $2,016,000, an increase from $1,677,000 in 2024[28] Cash Flow and Operations - MongoDB generated $150.2 million of cash from operations during the year, an increase from $121.5 million in the prior year[6] - Cash flows from operating activities for the three months ended January 31, 2025, were $50,538, a decrease from $54,627 in the same period of 2024[26] - Net cash provided by operating activities for the year ended January 31, 2025, was $150.191 million, an increase of 23.6% from $121.477 million in 2024[31] - Free cash flow for the three months ended January 31, 2025, is $22.914 million, a decrease of 54.6% from $50.489 million in the same period of 2024[31] Customer Growth - Total customers increased to 54,500 as of January 31, 2025, up from 47,800 a year earlier, representing a growth of 14.2%[33] - Customers generating over $100K in annualized recurring revenue reached 2,396 as of January 31, 2025, an increase of 16.4% from 2,052 a year earlier[33] - Direct sales customers grew to 7,500 as of January 31, 2025, compared to 7,000 a year earlier, marking a 7.1% increase[33] - MongoDB Atlas customers increased to 53,100 as of January 31, 2025, up from 46,300 a year earlier, reflecting a growth of 14.6%[33] Future Guidance - For fiscal 2026, MongoDB expects revenue guidance of $2.240 billion to $2.280 billion, with non-GAAP income from operations projected between $210 million and $230 million[7][8] - The company anticipates a decline in non-Atlas revenue in high-single digits percentage terms year-over-year for fiscal 2026[7] Acquisitions and Investments - The company acquired Voyage AI to enhance its capabilities in AI applications, integrating real-time data and advanced models[6] - MongoDB announced a stock buyback program of $200 million to offset the dilutive impact of the Voyage AI acquisition[6] Assets and Equity - Total assets increased to $3.43 billion as of January 31, 2025, up from $2.87 billion a year earlier, reflecting a growth of 19.5%[22] - Total stockholders' equity rose to $2.78 billion as of January 31, 2025, compared to $1.07 billion in the previous year, marking a significant increase of 160.3%[22] Operating Expenses - Operating expenses for the three months ended January 31, 2025, were $417.9 million, slightly up from $414.3 million in the same period of 2024[24] - The company reported a loss from operations of $18.6 million for the three months ended January 31, 2025, an improvement from a loss of $71.0 million in the prior year[24] - The company reported a loss from operations on a GAAP basis of $18,562 for the three months ended January 31, 2025, compared to a loss of $70,966 in the same period of 2024[28] Stock and Shares - The weighted-average shares used to compute diluted net income per share increased to 84.6 million for the three months ended January 31, 2025, compared to 72.3 million in the same period of 2024[24] - Fully diluted non-GAAP net income per share for the three months ended January 31, 2025, is based on 84.6 million shares, compared to 82.9 million shares for the same period in 2024[30] Subscription Revenue - Subscription revenue reached $531.0 million for the three months ended January 31, 2025, up 19.4% from $444.9 million year-over-year[24] - The percentage of advanced subscription revenue decreased to 23% as of January 31, 2025, down from 28% a year earlier[38] Capital Expenditures - Capital expenditures for the three months ended January 31, 2025, were $25.979 million, significantly higher than $2.738 million in the same period of 2024[31]