MongoDB Reports Strong Q1 Fiscal 2026 Results with Noteworthy Revenue Growth and Customer Expansion

MongoDB, Inc. Reports First Quarter Fiscal 2026 Financial Results

On June 4, 2025, MongoDB, Inc. (NASDAQ: MDB) unveiled its financial results for the first quarter ending April 30, 2025. The report highlights a robust performance, with total revenue reaching $549 million, marking a 22% increase year-over-year. This news comes as MongoDB continues to gain traction in the database market, reinforcing its status as a leader in the field.

Revenue Growth and Customer Expansion

MongoDB's impressive revenue surge ensured that subscription revenue also increased by 22% to $531.5 million. Among these figures, services revenue saw an even higher growth rate of 28%, totaling $17.5 million. Notably, MongoDB added 2,600 new customers during this quarter, bringing the total customer count to over 57,100, representing a significant leap in its market share.

Dev Ittycheria, President and CEO of MongoDB, expressed optimism about the company’s future, stating that the substantial Atlas revenue growth of 26% is a testament to the platform's relevance in modern application development. MongoDB Atlas, the company’s cloud database service, accounted for 72% of the total revenue for the first quarter, illustrating its pivotal role in their ongoing success.

Financial Performance Metrics

The gross profit for the quarter reached $391 million, translating to a gross margin of 71%. While this reflects a slight decrease from the 73% margin in the same quarter of the previous fiscal year, it continues to showcase the company’s operational effectiveness. Non-GAAP gross profit, which notably excludes certain expenses, was a healthy $406.5 million, yielding a 74% margin.

Although the company recorded a loss from operations of $53.6 million, this figure is significantly better than the $98.2 million loss reported for the same quarter last year. The non-GAAP income from operations, which is often seen as a fundamental indicator of a company’s financial health, was reported at $87.4 million.

In terms of net loss, MongoDB reported a $37.6 million loss, roughly equivalent to $0.46 per share, a notable improvement compared to a net loss of $80.6 million or $1.10 per share a year ago. The company’s ability to tighten its losses amidst increasing revenue sets a promising trend for investors.

Cash Flow and Future Guidance

As of April 30, 2025, MongoDB's cash and cash equivalents totaled a robust $2.5 billion. The company generated $109.9 million from operations, compared to $63.6 million in the same period last year. With capital expenditures and lease payments factored in, the free cash flow soared to $105.9 million, a substantial increase from $61 million in the previous year.

Looking ahead, MongoDB has set a financial guidance forecast for the second quarter of fiscal 2026, projecting revenues between $548 million and $553 million. For the full fiscal year, the anticipated revenue is between $2.25 billion and $2.29 billion, indicating confidence in sustained growth.

Strategic Developments and Innovations

In addition to the financial results, MongoDB announced an expansion of its share repurchase program, authorizing an additional buyback of $800 million, bringing the total to $1 billion. This move reflects the company’s commitment to enhancing shareholder value.

Furthermore, MongoDB recently launched new AI retrieval models under the “Voyage AI” banner, aiming to enhance the accuracy and performance of AI applications for organizations. The MongoDB Model Context Protocol (MCP) Server was also introduced in public preview, designed to facilitate seamless interactions between MongoDB deployments and various AI tools.

In leadership changes, Mike Berry has been appointed as the Chief Financial Officer. With over three decades in the technology sector, his experience is expected to guide MongoDB in navigating future financial landscapes efficiently.

Overall, MongoDB's first quarter fiscal 2026 results underscore its strong market position and strategic advancements. By leveraging its historical performance and innovative solutions, the company aims to capitalize on the growing demand for modern database capabilities, ensuring solid growth and operational efficiency in the years to come.

For investors and stakeholders, these results not only highlight current performance but also emphasize MongoDB’s commitment to delivering exceptional value and spearheading the future of database technology.