MongoDB, Inc. (NASDAQ: MDB) Q1 2026 Earnings Call | 6/5/2025

20 days ago

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Earnings Calls

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MongoDB, Inc. (NASDAQ: MDB) reported Q1 2026 results on June 5, 2025, delivering a 22% year-over-year revenue increase to $549 million—beating analyst expectations and the company’s own guidance. Atlas, MongoDB’s cloud database platform, led the way with 26% growth and now accounts for 72% of total revenue, reflecting robust adoption across industries and greater use in AI-powered and mission-critical applications. The company added 2,600 new customers in the quarter, its highest net addition in over six years, bringing the total to more than 57,100. Non-GAAP operating income reached $87 million for a 16% margin, up sharply from 7% a year ago, while non-GAAP net income was $86 million ($1.00 per share), handily beating the $0.66 consensus. Free cash flow rose to $106 million, and MongoDB ended the quarter with $2.5 billion in cash and investments. Gross margin dipped to 74% (non-GAAP), down from 75% last year, as Atlas becomes a larger share of the business and the Voyage acquisition weighs on margins. GAAP net loss narrowed to $37.6 million ($0.46 per share) from $80 million a year ago. The company announced an $800 million expansion of its share repurchase program, bringing total authorization to $1 billion. Management raised full-year revenue guidance to $2.25–$2.29 billion and adjusted EPS to $2.94–$3.12, citing continued Atlas momentum and strong customer additions. Q2 revenue is expected to be $548–$553 million, with adjusted EPS of $0.62–$0.66. CEO Dev Ittycheria highlighted MongoDB’s growing role as the “default platform for developers building the next generation of applications,” especially in cloud-native, distributed, and AI-powered environments. The company continues to invest in AI initiatives and upmarket expansion, positioning itself for sustained growth despite macroeconomic uncertainty. About Inside Ticker: For more expert analysis and real-time updates on MongoDB, Inc. (NASDAQ: MDB) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #MongoDB #MDB #EarningsCall #Q12026 #Atlas #CloudDatabase #AI #StockMarket #Investing #InsideTicker

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