MongoDB Inc (NASDAQ: MDB) Earnings Overview
In an exciting fiscal 2026 first-quarter financial report, MongoDB (NASDAQ: MDB) has demonstrated impressive growth and profitability.
Key Metrics
| Metric | Q1 FY25 | Q1 FY26 | Change | vs. Expectations |
|---|---|---|---|---|
| Revenue | $450.6 million | $549.0 million | +22% | Beat |
| Earnings per share (adjusted) | $0.51 | $1.00 | +96% | Beat |
| Atlas revenue growth | 32% | 26% | -6 pp | N/A |
| Free cash flow | $61.0 million | $105.9 million | +74% | N/A |
Customer Growth and Profitability
In Q1 FY26, MongoDB added 2,600 net new customers, bringing its total to approximately 57,100. This marks the largest quarterly increase in six years, with most new clients opting for the Atlas managed database service. Atlas revenue accounted for 72% of total revenue in Q1, reflecting a year-over-year growth of 26%.
While the company reported a net loss under GAAP standards, the loss was reduced by over 50% from the previous year, showcasing substantial profitability improvements. Non-GAAP earnings surged nearly double, and free cash flow increased by 74%. MongoDB managed to keep sales and marketing expenses stable while reducing general and administrative costs, despite a rise in R&D spending.
Future Outlook
In conjunction with its Q1 results, MongoDB announced an additional $800 million for share repurchases, raising the total to $1 billion. For Q2, the company anticipates revenue between $548 million and $553 million, alongside adjusted EPS of $0.62 to $0.66.
Market Reaction
Following the earnings announcement, MongoDB's stock surged by 12% in after-hours trading, as investors reacted positively to the strong results. With a year-to-date drop of 14% prior to the report, this rally could help the stock recover lost ground.
AI Opportunities
MongoDB is poised to capitalize on the growing artificial intelligence (AI) trend, having acquired Voyage AI earlier this year to enhance AI application development for customers. Additionally, the launch of the Model Context Protocol Server allows developers to interact with databases through natural language, positioning MongoDB favorably in the AI landscape.
Investment Considerations
Before investing in MongoDB, consider insights from Inside Ticker and other financial analysis platforms. The Motley Fool's Stock Advisor recently identified ten top stocks, excluding MongoDB, that could yield significant long-term returns.
For more details, visit MongoDB's investor relations page.