MongoDB, Inc. Reports Third Quarter Fiscal 2026 Financial Earnings Results

MongoDB, Inc. (MDB) today announced its financial results for the third quarter of fiscal 2025, which ended on October 31, 2024. The company reported a revenue of $628.3 million, surpassing analysts’ expectations by approximately $34.4 million, while its earnings per share came in at a loss of $0.02, missing the estimate by $0.83. Despite the earnings miss, MongoDB’s strong revenue performance highlights its continued growth in the competitive database market.

Key Highlights:

• Atlas revenue increased by 30% year-over-year, contributing to 75% of total Q3 revenue.
• Total revenue for Q3 Fiscal 2026 reached $628.3 million, a 19% year-over-year increase.
• MongoDB added 2,600 new customers, bringing the total to over 62,500 as of October 31, 2025.
• Non-GAAP income from operations was $123.1 million, compared to $101.5 million in the previous year.
• The company raised its financial guidance for the remainder of the fiscal year due to strong performance.
• CJ Desai was appointed as the new President and CEO, succeeding Dev Ittycheria.
• MongoDB was recognized as a Leader in the 2025 Gartner Magic Quadrant for Cloud Database Management Systems for the fourth consecutive year.

In the third quarter of Fiscal 2026, MongoDB, Inc. reported robust financial results, with total revenue of $628.3 million, marking a 19% increase year-over-year. The company’s subscription revenue also saw a significant rise, reaching $609.1 million. CJ Desai, the newly appointed CEO, highlighted the company’s strong performance, stating, “MongoDB delivered strong third quarter results that exceeded the high-end of our guidance driven by continued strength in Atlas.” The company is experiencing growth not only from new customer additions but also from existing customers expanding their usage, which is a testament to the value of its unified data platform.

Looking ahead, MongoDB has raised its financial guidance for both the fourth quarter and the full fiscal year 2026, anticipating revenue between $665.0 million to $670.0 million for Q4 and a total of $2.434 billion to $2.439 billion for the full year. The company is well-positioned to capitalize on the growing demand for its services, particularly in the context of the emerging AI platform shift, as noted by Desai. The recognition from Gartner further solidifies MongoDB’s leadership in the cloud database market, indicating strong execution and innovation in its offerings.

MongoDB, Inc. (MDB) has experienced a rollercoaster of price changes recently, with a notable 76.37% surge over the past six months, reflecting strong investor interest despite some volatility. However, the stock has seen a slight dip of 1.22% over the past month, suggesting some profit-taking or market correction after its impressive run. The company’s fundamentals present a mixed picture; while it boasts a robust revenue growth rate of 22.14% over the last two years, its negative net profit margin of -3.44% and a staggering price-to-earnings ratio of -340.28 indicate ongoing challenges in profitability. Additionally, MongoDB’s free cash flow growth of 130.37% highlights its potential for future expansion, but the negative return on invested capital raises questions about the efficiency of its investments. As investors weigh these factors, MongoDB’s ability to convert its growth into sustainable profits will be crucial for its long-term valuation. Overall, while the stock’s recent performance is impressive, the underlying financial metrics suggest that caution may be warranted as the company navigates its path to profitability.

MongoDB, Inc. provides general purpose database platform worldwide. The company offers MongoDB Enterprise Advanced, a commercial database server for enterprise customers to run in the cloud, on-premise, or in a hybrid environment; MongoDB Atlas, a hosted multi-cloud database-as-a-service solution; and Community Server, a free-to-download version of its database, which includes the functionality that developers need to get started with MongoDB. It also provides professional services comprising consulting and training. The company was formerly known as 10gen, Inc. and changed its name to MongoDB, Inc. in August 2013. MongoDB, Inc. was incorporated in 2007 and is headquartered in New York, New York.