MongoDB (MDB) MDB Q2 Financial Results Summary

MongoDB, Inc. (MDB) Q2 2027: Revenue Growth Accelerates, Profitability Achieved — Strongly Positive

MongoDB, Inc. (NASDAQ: MDB) reported a robust second quarter for fiscal 2027, with total revenue reaching $771.8 million, reflecting a significant increase of $180.4 million or 30% year-over-year. This marks a notable acceleration in growth compared to previous quarters, showcasing the company's strong market position and operational efficiency.

Key Financial Metrics

• Total Revenue: $771.8 million, up $180.4 million or +30% YoY
• Subscription Revenue: $747.1 million, up 31% YoY
• Services Revenue: $24.6 million, up 29% YoY
• Gross Profit: $569.8 million, with a gross margin of 74%, up from 71% YoY
• Net Income: $40.9 million, or $0.50 per share, compared to a net loss of $47.0 million, or $0.58 per share, in the prior year
• Non-GAAP Net Income: $162.6 million, or $1.90 per share, compared to $87.2 million, or $1.00 per share, YoY
• Free Cash Flow: $137.6 million, nearly doubling from $69.9 million YoY
• Remaining Performance Obligations (RPO): $1,519.2 million, up 91% YoY

Analyst View

This quarter is undoubtedly a strong positive for shareholders. The impressive revenue growth of 30% year-over-year, coupled with a return to profitability, indicates that MongoDB is effectively capitalizing on its market opportunities, particularly in the growing fields of AI and cloud services. The increase in subscription revenue by 31% demonstrates strong demand for its products, particularly the Atlas platform, which is crucial for the company's growth strategy.

The significant improvement in profitability, with a non-GAAP operating margin of 24%, up from 15% a year ago, reflects MongoDB's operational leverage and cost management efforts. The company has also achieved its third consecutive quarter of GAAP EPS profitability, which is a critical milestone for investor confidence.

Dividend and Share Buyback

While there were no announcements regarding dividends or share buybacks in this quarter, the strong cash flow generation of $137.6 million provides MongoDB with ample liquidity to consider such actions in the future.

Guidance Update

MongoDB has raised its full-year fiscal 2027 guidance, now expecting revenues between $2.99 billion and $3.03 billion. This upward revision is primarily driven by the strong performance of the Atlas platform and reflects management's confidence in sustained growth.

For the third quarter of fiscal 2027, MongoDB anticipates revenues in the range of $756 million to $761 million. The guidance for net income per share is projected to be between $0.00 and $0.05 on a GAAP basis, and between $1.57 and $1.61 on a non-GAAP basis.

Forward Catalyst

Investors should closely monitor MongoDB's continued execution on its growth strategy, particularly its advancements in AI capabilities and the expansion of its Atlas platform. The upcoming product launches and enhancements in AI retrieval capabilities are expected to drive further adoption and revenue growth. Additionally, the company's commitment to upskilling developers, particularly in emerging markets like India, could enhance its customer base and long-term growth potential.

In conclusion, MongoDB's second quarter results reflect a transformative period for the company, characterized by strong revenue growth, improved profitability, and a positive outlook for the future. This positions MongoDB favorably in the competitive landscape of data platforms, particularly as demand for cloud-based solutions continues to rise.

Note: The following tables are in thousands of U.S. dollars, except share and per share data.

MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	Three Months Ended	Three Months Ended	Six Months Ended	Six Months Ended
	July 31, 2026	July 31, 2025	July 31, 2026	July 31, 2025
Subscription Revenue	$747,143	$572,329	$1,413,032	$1,103,475
Services Revenue	$24,626	$19,047	$46,104	$36,606
Total Revenue	$771,769	$591,376	$1,459,136	$1,140,081
Cost of Revenue
Subscription Cost	$174,295	$139,948	$339,165	$269,534
Services Cost	$27,757	$31,479	$54,291	$59,935
Total Cost of Revenue	$202,052	$171,427	$393,456	$329,469
Gross Profit	$569,717	$419,949	$1,065,680	$810,612
Operating Expenses
Sales and Marketing	$253,037	$244,020	$502,433	$464,988
Research and Development	$213,800	$181,710	$414,257	$350,568
General and Administrative	$74,420	$59,464	$145,654	$114,239
Total Operating Expenses	$541,257	$485,194	$1,062,344	$929,795
Income (Loss) from Operations	$28,400	$-65,245	$3,596	$-118,183
Other Income (Expense), net	$17,545	$22,174	$51,143	$42,404
Income (Loss) before Provision for Income Taxes	$45,945	$-43,071	$54,739	$-76,779
Provision for Income Taxes	$5,005	$3,928	$9,365	$8,230
Net Income (Loss)	$40,940	$-47,999	$45,374	$-84,674
Net Income (Loss) per share
Basic	$0.51	$-0.58	$0.56	$-1.04
Diluted	$0.50	$-0.58	$0.55	$-1.04
Weighted-average shares used to compute net income per share, basic	80,494	81,073	80,408	81,304
Weighted-average shares used to compute net income per share, diluted	81,991	81,073	81,858	81,304

MONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS

	July 31, 2026	January 31, 2026
Assets
Current assets:
Cash and cash equivalents	$1,002,401	$1,083,540
Short-term investments	$1,408,853	$1,303,701
Accounts receivable, net of allowance	$458,221	$499,002
for doubtful accounts
Deferred commissions	$130,874	$131,442
Prepaid expenses and other current assets	$125,637	$97,170
Total current assets	$3,125,986	$3,114,855
Property and equipment, net	$38,988	$39,773
Operating lease right-of-use assets	$24,790	$28,978
Goodwill	$204,151	$191,397
Intangible assets, net	$30,731	$34,502
Deferred tax assets	$25,096	$26,021
Other assets	$327,946	$323,322
Total assets	$3,777,688	$3,758,848
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$17,689	$20,269
Accrued compensation and benefits	$146,031	$143,046
Operating lease liabilities	$9,371	$9,259
Other accrued liabilities	$129,812	$109,803
Deferred revenue	$339,462	$387,119
Total current liabilities	$642,365	$669,496
Deferred tax liability	$358	$352
Operating lease liabilities	$19,224	$23,600
Deferred revenue	$108,233	$83,588
Other liabilities	$27,527	$29,454
Total liabilities	$797,707	$806,490
Stockholders’ equity:
Common stock	$82	$81
Additional paid-in capital	$4,846,747	$5,345,494
Treasury stock	—	$-494,569
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