Summary
MongoDB Inc (MDB, Financial) announced its financial results for the first quarter of fiscal 2026, ending April 30, 2025. The company reported a total revenue of $549.0 million, marking a 22% increase year-over-year. MongoDB added 2,600 new customers, bringing the total to over 57,100. MongoDB Atlas, the company's cloud database service, saw a 26% revenue increase, contributing 72% to the total Q1 revenue. The company also expanded its share repurchase authorization by $800 million, totaling $1 billion. The press release was issued on June 4, 2025.
Positive Highlights
- Revenue increased by 22% year-over-year to $549.0 million.
- MongoDB Atlas revenue grew by 26% year-over-year, accounting for 72% of total Q1 revenue.
- Added 2,600 new customers, reaching over 57,100 total customers.
- Non-GAAP income from operations increased to $87.4 million from $32.8 million in the previous year.
- Free cash flow improved to $105.9 million from $61.0 million year-over-year.
Negative Highlights
- Gross margin decreased slightly to 71% from 73% in the previous year.
- Net loss was $37.6 million, although improved from a $80.6 million loss in the previous year.
Financial Analyst Perspective
MongoDB's Q1 fiscal 2026 results demonstrate robust growth and operational efficiency. The 22% revenue increase and significant growth in MongoDB Atlas revenue highlight the company's strong market position in cloud database services. The reduction in net loss and improvement in non-GAAP income from operations indicate effective cost management and operational leverage. The expanded share repurchase program reflects confidence in the company's future prospects and commitment to returning value to shareholders.
Market Research Analyst Perspective
MongoDB's continued customer growth and increased adoption of its Atlas platform underscore its competitive edge in the database market. The company's focus on cloud-native and AI-powered applications positions it well for future growth, as enterprises increasingly seek scalable and flexible database solutions. The strategic initiatives, including the launch of new AI models and the MCP Server, further enhance MongoDB's value proposition to developers and enterprises.
Frequently Asked Questions (FAQ)
Q: What was MongoDB's total revenue for Q1 fiscal 2026?
A: MongoDB reported a total revenue of $549.0 million for Q1 fiscal 2026.
Q: How much did MongoDB Atlas contribute to the total revenue?
A: MongoDB Atlas contributed 72% to the total Q1 revenue, with a 26% year-over-year growth.
Q: What is the new total authorization for MongoDB's share repurchase program?
A: The total authorization for MongoDB's share repurchase program is now $1 billion.
Q: How many new customers did MongoDB add in Q1 fiscal 2026?
A: MongoDB added 2,600 new customers in Q1 fiscal 2026.
Q: What is MongoDB's guidance for the second quarter of fiscal 2026?
A: MongoDB expects Q2 fiscal 2026 revenue to be between $548.0 million and $553.0 million, with non-GAAP income from operations between $55.0 million and $59.0 million.
Read the original press release here.
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