MongoDB, Inc. Reports Strong Third Quarter Financial Gains for Fiscal 2026

MongoDB, Inc. Posts Impressive Q3 Fiscal 2026 Results

On December 1, 2025, MongoDB, Inc. (NASDAQ: MDB) reported its financial results for the third quarter ending October 31, 2025. The company effectively demonstrated its robust growth trajectory, showcased by a 19% increase in total revenue compared to the previous year, amounting to $628.3 million.

Key Highlights

One of the driving forces behind this success was the outstanding performance of MongoDB Atlas, which recorded a remarkable 30% year-over-year growth, contributing to 75% of the total revenue for Q3. This particular segmentation of revenue garnered $609.1 million from subscriptions, highlighting a stable and expanding customer base.

During this quarter, MongoDB welcomed 2,600 new customers, bringing the total customer count to over 62,500 globally. The company’s unified data platform has proven attractive to various sectors, enabling substantial business applications that adapt swiftly to the demands of the emerging AI landscape.

Financial Breakdown

Financial details for Q3 include:

- Gross Profit: $449.1 million, reflecting a 71% gross margin, decreased from 74% the previous year.
- Loss from Operations: Reported at $18.4 million, a notable improvement from $27.9 million a year ago.
- Net Loss: Narrowed to $2.0 million, translating to $0.02 per share, in contrast to a net loss of $9.8 million or $0.13 per share in the same quarter last year.
- Free Cash Flow: MongoDB's free cash flow stood at an impressive $140.1 million, significantly up from $34.6 million noted a year earlier.

Leadership Transition

A noteworthy transition in leadership occurred within MongoDB as Chirantan "CJ" Desai assumed the President and Chief Executive Officer position, succeeding Dev Ittycheria, who had led the company for 11 successful years. Desai’s background in product and engineering leadership combined with a strong record in scaling successful software companies is anticipated to drive MongoDB’s next phase of growth.

Recognition and Achievements

For the fourth consecutive year, MongoDB has been honored as a Leader in the 2025 Gartner Magic Quadrant for Cloud Database Management Systems (CDBMS). This accolade is indicative of MongoDB's continuous innovation and execution strength, particularly as businesses turn their focus towards AI capabilities. Additionally, MongoDB introduced its search and vector search capabilities across different editions, making advanced functionalities accessible to a more diverse range of developers and organizations.

Future Outlook

Looking ahead, MongoDB is optimistic about setting financial guidance for the fourth quarter ranging from $665.0 million to $670.0 million in revenue, projecting a full fiscal year revenue of approximately $2.434 billion to $2.439 billion. The company also anticipates a non-GAAP net income per share between $1.44 and $1.48 for Q4. As the company enhances its position in the market and continues to expand, investors and customers alike will be watching closely to see how these strategies unfold in the increasingly competitive tech landscape.

Conclusion:
MongoDB's Q3 fiscal results reflect a company in strong financial health with compelling growth metrics that resonate with its innovative approach to data management. As the demand for AI-driven solutions escalates, MongoDB is well-positioned to capitalize on these trends, making it a notable player in the technology market.