MongoDB(US:MDB)2025-06-04 20:03Financial Performance - Total revenue for Q1 Fiscal 2026 was $549.0 million, representing a 22% year-over-year increase[1] - Gross profit for Q1 Fiscal 2026 was $391.0 million, with a gross margin of 71%, down from 73% in the previous year[4] - Net loss for Q1 was $37.6 million, or $0.46 per share, compared to a net loss of $80.6 million, or $1.10 per share, in the year-ago period[4] - Free cash flow for Q1 was $105.9 million, an increase from $61.0 million in the same period last year[4] - Total revenue for the three months ended April 30, 2025, was $549,014,000, representing a 22% increase from $450,561,000 in the same period of 2024[23] - Subscription revenue increased to $531,455,000, up 22% from $436,896,000 year-over-year[23] - Gross profit for the quarter was $390,973,000, with a gross margin of 71%, compared to 73% in the prior year[27] - Net loss for the quarter was $37,626,000, improving from a net loss of $80,593,000 in the same quarter of 2024[23] - Cash provided by operating activities was $109,929,000, compared to $63,613,000 in the prior year[25] - The company reported a non-GAAP gross profit of $406,548,000, with a non-GAAP gross margin of 74%[27] - Operating expenses totaled $444,527,000, slightly higher than $426,050,000 in the same quarter of 2024[23] - Non-GAAP income from operations for the three months ended April 30, 2025, was $87,432,000, compared to $32,797,000 in the same period of 2024, representing a significant increase[28] - Non-GAAP operating margin improved to 16% in Q2 2025 from 7% in Q2 2024[28] - Non-GAAP net income for Q2 2025 was $86,347,000, up from $42,675,000 in Q2 2024[28] - The diluted non-GAAP net income per share increased to $1.00 in Q2 2025 from $0.51 in Q2 2024[28] Customer Growth - The company added 2,600 customers, bringing the total customer count to over 57,100 as of April 30, 2025[1] - Total customer count increased to 57,100 as of April 30, 2025, up from 49,200 a year earlier, reflecting a growth of approximately 16%[31] - Customers generating over $100,000 in annual recurring revenue rose to 2,506 in Q2 2025, compared to 2,137 in Q2 2024, marking an increase of 17%[31] - Direct sales customers remained stable at 7,500 as of April 30, 2025, consistent with the previous quarter[31] Future Guidance - For Q2 Fiscal 2026, revenue guidance is between $548.0 million and $553.0 million, and full-year guidance is between $2.250 billion and $2.290 billion[7] - Non-GAAP income from operations for Q2 is expected to be between $55.0 million and $59.0 million, with full-year guidance between $267.0 million and $287.0 million[7] Shareholder Actions - The company has authorized an additional $800 million for share repurchases, totaling $1 billion[1] Product Development - MongoDB launched new retrieval models and the MongoDB Model Context Protocol (MCP) Server to enhance AI application development capabilities[11] Asset and Equity Changes - Total assets increased to $3,624,420,000 as of April 30, 2025, up from $3,430,293,000 at the end of January 2025[21] - Total stockholders' equity rose to $3,032,950,000, compared to $2,782,224,000 as of January 31, 2025[21] Advanced Subscription Revenue - The percentage of advanced subscription revenue decreased to 22% in Q2 2025 from 25% in Q2 2024[36]