MongoDB, Inc. Announces First Quarter Fiscal 2026 Financial Results

Core Insights - MongoDB reported total revenue of $549.0 million for the first quarter of fiscal 2026, representing a 22$800 million was announced, increasing the total buyback authorization to $1 billion [1][7] Financial Performance - Subscription revenue reached$531.5 million, also up 22% year-over-year, while services revenue increased by 28% to $17.5 million [7] - Gross profit for Q1 was$391.0 million, yielding a gross margin of 71%, down from 73% in the previous year [7] - The loss from operations was $53.6 million, an improvement from a loss of$98.2 million in the same period last year [7] - Non-GAAP income from operations was $87.4 million, compared to$32.8 million in the year-ago period [7] Cash Flow and Liquidity - As of April 30, 2025, MongoDB had $2.5 billion in cash, cash equivalents, and short-term investments [7] - The company generated$109.9 million in cash from operations, up from $63.6 million in the prior year [7] - Free cash flow for the quarter was$105.9 million, compared to $61.0 million in the same period last year [7] Strategic Developments - MongoDB launched two new retrieval models, voyage 3.5 and voyage 3.5 lite, enhancing AI application capabilities [7] - The MongoDB Model Context Protocol (MCP) Server was introduced in public preview, facilitating natural language interactions with data [7] - Mike Berry was appointed as the new Chief Financial Officer, bringing over 30 years of experience in technology and software [7] Guidance - For Q2 fiscal 2026, MongoDB expects revenue between$548.0 million and $553.0 million, and for the full year, revenue is projected to be between$2.250 billion and $2.290 billion [6][8]