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Introduction

On March 5, 2025, MongoDB, Inc. (NASDAQ: MDB) unveiled its financial results for the fourth quarter and entire fiscal year that concluded on January 31, 2025. The report highlights a robust performance, including a remarkable revenue uptick and the growth of its MongoDB Atlas platform, a potent driver of the company's ongoing evolution.

Financial Highlights

Fourth Quarter Performance

For the fourth quarter of fiscal 2025, MongoDB recorded a total revenue of $548.4 million, which represents a 20% increase compared to the same quarter last year. Breakdown of the revenue indicates that subscription revenue accounted for $531.0 million, representing a 19% year-over-year growth, and services revenue saw an impressive 34% increase, totaling $17.4 million.

Furthermore, the gross profit for this quarter was $399.4 million, yielding a gross margin of 73%. This is a slight decline from the 75% gross margin reported in Q4 of the prior year, while the non-GAAP gross profit lifted to $411.7 million, equating to a 75% margin.

Year-End Results

For the entire fiscal year 2025, MongoDB's total revenue reached $2.01 billion, an increase of 19% compared to the previous fiscal year. Subscription revenue for the year also escalated to $1.94 billion, whereas service revenue achieved $62.6 million, which is a 12% rise year-on-year.

The gross profit surged to $1.47 billion, maintaining a gross margin of 73%. MongoDB reported a non-GAAP gross profit of $1.52 billion, marking a 76% margin. However, the operating loss for this period was $216.1 million, showing an improvement compared to the $233.7 million loss in the prior fiscal year.

Operational Gains

In terms of net income, the fourth quarter closed with a net profit of $15.8 million or $0.20 per share, reversing from a net loss of $55.5 million during the same quarter last year. The full fiscal year net loss was documented at $129.1 million, essentially improving from the $176.6 million loss recorded in the previous fiscal year. Non-GAAP net income surged to $308.2 million, translating to $3.66 per share.

Cash Flow Insights

As of January 31, 2025, MongoDB's cash reserves, including cash equivalents and short-term investments, had significantly risen to $2.3 billion. During the fourth quarter of fiscal 2025, MongoDB generated $50.5 million in cash from operations, reflecting a solid operational cash flow performance. Final cash flow results showcased the company’s ability to utilize its capital effectively, although free cash flow diminished compared to the prior year, settling at $22.9 million.

Customer Growth and Strategic Initiatives

One of the most significant achievements for MongoDB in Q4 of 2025 was its sustained customer growth, which now exceeds 54,500 customers as of the end of January 2025. Notably, MongoDB Atlas revenue, which plays a vital role in the company’s strategic direction, rose by 24% year over year, comprising 71% of the total revenue for the fourth quarter.

Voyage AI Acquisition

A noteworthy strategic highlight was the acquisition of Voyage AI, enhancing MongoDB’s capabilities in AI-driven applications. This integration is poised to empower organizations to build intelligent, trustworthy applications with a seamless database experience.

Alongside this acquisition, MongoDB also executed a stock buyback program worth $200 million to offset potential dilution resulting from the acquisition's financial considerations.

Market Recognition

For the third consecutive year, MongoDB garnered recognition as a Leader in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems, confirming its capacity to execute effectively while maintaining a clear vision in the cloud database sector.

Looking Forward

Looking to fiscal year 2026, MongoDB projects continued stable growth in Atlas consumption, which is anticipated to drive revenue. Financial guidance for Q1 2026 estimates revenue between $524.0 million and $529.0 million, projecting a full-year revenue target of $2.240 billion to $2.280 billion.

The outlook remains positive as MongoDB aims to leverage its flexible document model and robust database functionalities to cater to emerging market needs, thereby pushing innovation across industries that significantly rely on data-driven solutions.

Conclusion

In conclusion, MongoDB's impressive financial performance in Q4 and its full fiscal year 2025 indicates strong underlying fundamentals and market positioning. The company's commitment to innovation, customer expansion, and strategic acquisitions sets a promising stage for the upcoming fiscal years ahead.