MongoDB (MDB) MDB Q3 Financial Results Summary
QuoteReporter
MongoDB, Inc. (MDB) Q3 2026 Financial Results Summary
MongoDB, Inc. (NASDAQ: MDB) released its financial results for the third quarter of fiscal 2026 on December 1, 2025.
Financial Highlights
- Total Revenue:
- $628.3 million, up 19% year-over-year.
- Subscription Revenue: $609.1 million, up 19% year-over-year.
-
Services Revenue: $19.2 million, up 12% year-over-year.
-
Gross Profit:
- $449.1 million with a 71% gross margin (compared to 74% in Q3 FY 2025).
-
Non-GAAP gross profit was $466.2 million with a 74% gross margin (compared to 77% in Q3 FY 2025).
-
Loss from Operations:
- Loss of $18.4 million, improved from a loss of $27.9 million in Q3 FY 2025.
-
Non-GAAP income from operations was $123.1 million, compared to $101.5 million in Q3 FY 2025.
-
Net Loss:
- $2.0 million, or $0.02 per share, improved from a net loss of $9.8 million, or $0.13 per share in the year-ago period.
-
Non-GAAP net income was $114.5 million, or $1.32 per share, compared to a non-GAAP net loss of $98.1 million, or $1.16 per share in Q3 FY 2025.
-
Free Cash Flow:
-
$140.1 million, significantly up from $34.6 million in Q3 FY 2025.
-
Customer Growth:
- Added 2,600 new customers, totaling over 62,500 customers as of October 31, 2025.
Key Business Highlights
- Atlas Revenue Growth:
-
Revenue from Atlas increased by 30% year-over-year, constituting 75% of total Q3 revenue.
-
Leadership Change:
-
Chirantan “CJ” Desai was appointed as CEO, succeeding Dev Ittycheria.
-
Gartner Recognition:
-
MongoDB was recognized as a Leader for the fourth consecutive year in the 2025 Gartner Magic Quadrant for Cloud Database Management Systems.
-
New Features:
-
Introduction of search and vector search capabilities in both MongoDB Community Edition and MongoDB Enterprise Server.
-
Awards:
- Named the 2025 Microsoft United States Partner of the Year at the Microsoft Ignite conference.
Financial Guidance
For the fourth quarter and full fiscal year 2026, MongoDB provided the following guidance:
- Q4 Fiscal 2026 Revenue: Expected to be between $665.0 million and $670.0 million.
- Full Year Fiscal 2026 Revenue: Expected to be between $2.434 billion and $2.439 billion.
- Non-GAAP Income from Operations:
- Q4 guidance of $139.0 million to $143.0 million.
- Full year guidance of $436.4 million to $440.4 million.
- Non-GAAP Net Income per Share:
- Q4 guidance of $1.44 to $1.48.
- Full year guidance of $4.76 to $4.80.
Share Repurchase Program
- Share Repurchase:
- MongoDB repurchased 1,562,510 shares at an average price of $221.86 per share as of October 31, 2025.
Cash Position
- Cash Reserves:
- As of October 31, 2025, MongoDB reported having $2.3 billion in cash, cash equivalents, short-term investments, and restricted cash.
- Operational Cash Flow:
- Generated $143.5 million in cash from operations during the three months ended October 31, 2025, compared to $37.4 million in the same quarter last year.
Conclusion
MongoDB’s strong performance in Q3 FY 2026 reflects significant growth in revenue and customer acquisition, as well as improvements in operational efficiency leading to reduced losses. The company is well-positioned to continue this upward trend, with solid guidance for the upcoming fiscal period.
| Three Months Ended | Nine Months Ended | |||
|---|---|---|---|---|
| October 31, 2025 | October 31, 2024 | October 31, 2025 | October 31, 2024 | |
| Revenue: | ||||
| Subscription | $609,067 | $512,205 | $1,712,877 | $1,412,906 |
| Services | $19,242 | $17,170 | $55,848 | $45,139 |
| Total revenue | $628,309 | $529,375 | $1,768,725 | $1,458,045 |
| Cost of revenue: | ||||
| Subscription(1) | $146,921 | $111,150 | $416,455 | $318,728 |
| Services(1) | $32,256 | $24,181 | $92,191 | $67,553 |
| Total cost of revenue | $179,177 | $135,331 | $508,646 | $386,281 |
| Gross profit | $449,132 | $394,044 | $1,260,079 | $1,071,764 |
| Operating expenses: | ||||
| Sales and marketing(1) | $230,864 | $217,954 | $695,852 | $658,937 |
| Research and development(1) | $176,610 | $151,410 | $527,178 | $446,437 |
| General and administrative(1) | $60,082 | $52,556 | $174,321 | $163,892 |
| Total operating expenses | $467,556 | $421,920 | $1,397,351 | $1,269,266 |
| Loss from operations | -$18,424 | -$27,876 | -$137,272 | -$197,502 |
| Other income, net | $19,774 | $20,767 | $62,178 | $61,749 |
| Income (loss) before provision for income taxes | $1,350 | -$7,109 | -$75,094 | -$135,753 |
| Provision for income taxes | $3,357 | $2,667 | $11,587 | $9,145 |
| Net loss | -$2,007 | -$9,776 | -$86,681 | -$144,898 |
| Net loss per share, basic and diluted | -$0.02 | -$0.13 | -$1.07 | -$1.97 |
| Weighted-average shares used to compute net loss per share, basic and diluted | 81,401,853 | 74,020,593 | 81,245,331 | 73,472,900 |
| Three Months Ended | Nine Months Ended October 31, | |
|---|---|---|
| October 31, 2025 | October 31, 2024 | |
| Cost of revenue—subscription | $8,990 | $7,884 |
| Cost of revenue—services | $4,572 | $3,495 |
| Sales and marketing | $36,965 | $40,540 |
| Research and development | $67,255 | $57,850 |
| General and administrative | $15,848 | $15,943 |
| Total stock‑based compensation expense | $133,630 | $125,712 |
| October 31, 2025 | January 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $834,092 | $490,133 |
| Short-term investments | $1,471,669 | $1,846,444 |
| Accounts receivable, net of allowance for doubtful accounts of $12,305 and $8,888 as of October 31, 2025 and January 31, 2025, respectively | $416,494 | $393,099 |
| Deferred commissions | $122,882 | $112,632 |
| Prepaid expenses and other current assets | $87,177 | $81,214 |
| Total current assets | $2,932,314 | $2,923,522 |
| Property and equipment, net | $40,704 | $46,377 |
| Operating lease right-of-use assets | $30,914 | $34,607 |
| Goodwill | $189,641 | $69,679 |
| Intangible assets, net | $38,308 | $24,597 |
| Deferred tax assets | $23,012 | $20,810 |
| Other assets | $311,756 | $310,701 |
| Total assets | $3,566,649 | $3,430,293 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $14,811 | $10,467 |
| Accrued compensation and benefits | $131,760 | $120,354 |
| Operating lease liabilities | $9,145 | $9,126 |
| Other accrued liabilities | $101,444 | $87,659 |
| Deferred revenue | $300,873 | $334,381 |
| Total current liabilities | $558,033 | $561,987 |
| Deferred tax liability | $560 | $262 |
| Operating lease liabilities | $25,480 | $27,374 |
| Deferred revenue | $66,173 | $25,404 |
| Other liabilities | $27,964 | $33,042 |
| Total liabilities | $678,210 | $648,069 |
| Stockholders’ equity: | ||
| Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of October 31, 2025 and January 31, 2025; 82,919,928 shares issued and 81,357,418 shares outstanding as of October 31, 2025; 80,558,847 shares issued and 80,467,811 shares outstanding as of January 31, 2025 | $81 | $78 |
| Additional paid-in capital | $5,152,122 | $4,625,093 |
| Treasury stock, 1,562,510 shares (repurchased at an average of $221.86 per share) as of October 31, 2025 and 99,371 shares (repurchased at an average of $13.27 per share) as of January 31, 2025 | ||
| Accumulated other comprehensive income (loss) | $10,275 | -$924 |
| Accumulated deficit | -$1,927,385 | -$1,840,704 |
| Total stockholders’ equity | $2,888,439 | $2,782,224 |
| Total liabilities and stockholders’ equity | $3,566,649 | $3,430,293 |