On May 30, 2024, MongoDB, Inc. released its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company reported a total revenue of $450.6 million, marking a 22% increase year-over-year. Subscription revenue contributed $436.9 million, up by 23%, while services revenue saw a modest increase of 1% to $13.7 million. MongoDB's Atlas product revenue grew by 32% and accounted for 70% of the total Q1 revenue. Despite the revenue growth, the company experienced a slower start to the year in terms of Atlas consumption growth and new workload wins, which is expected to impact the rest of the fiscal year. The net loss for the quarter was $80.6 million, or $1.10 per share, compared to a net loss of $54.2 million, or $0.77 per share, in the...Show More

On May 30, 2024, MongoDB, Inc. released its financial results for the first quarter of fiscal year 2025, which ended on April 30, 2024. The company reported a total revenue of $450.6 million, marking a 22% increase year-over-year. Subscription revenue contributed $436.9 million, up by 23%, while services revenue saw a modest increase of 1% to $13.7 million. MongoDB's Atlas product revenue grew by 32% and accounted for 70% of the total Q1 revenue. Despite the revenue growth, the company experienced a slower start to the year in terms of Atlas consumption growth and new workload wins, which is expected to impact the rest of the fiscal year. The net loss for the quarter was $80.6 million, or $1.10 per share, compared to a net loss of $54.2 million, or $0.77 per share, in the same period last year. Non-GAAP net income was $42.7 million, or $0.51 per share. MongoDB ended the quarter with $2.1 billion in cash and cash equivalents and generated $61.0 million in free cash flow. The company also provided guidance for the second quarter and full fiscal year 2025, projecting revenue between $460.0 million to $464.0 million for Q2, and $1.88 billion to $1.90 billion for the full year. MongoDB's President and CEO, Dev Ittycheria, expressed confidence in the company's market opportunity and the role of MongoDB's architecture in AI-powered application development.