MongoDB, Inc. has recently released its 10-K report, providing a comprehensive overview of its financial performance and operations. The company, headquartered in New York, is a leading provider of a general-purpose database platform, offering a range of solutions including MongoDB Atlas, MongoDB Enterprise Advanced, and Community Server. Its revenue primarily comes from sales of subscriptions, with 97% of total revenue in 2025 derived from subscriptions.
The company's hosted multi-cloud database-as-a-service offering, MongoDB Atlas, accounted for 70% of its total revenue in 2025, reflecting continued growth since its introduction in June 2016. MongoDB Enterprise Advanced, the proprietary commercial database server offering, represented 24% of subscription revenue in 2025.
In terms of customer base, MongoDB had over 54,500 customers across 100 countries as of January 31, 2025, with over 7,500 customers sold through direct sales force and channel partners. The company's focus on customer retention and expansion is evident, with over 53,100 MongoDB Atlas customers as of January 31, 2025.
The report also highlights the company's investment in research and development, amounting to $2.5 billion since its inception, to maintain product leadership and drive customer adoption. Additionally, MongoDB's net ARR expansion rate was approximately 118% as of January 31, 2025, indicating its ability to increase sales to existing customers.
Despite its strong performance, MongoDB faces risks from adverse macroeconomic conditions, which negatively impacted its growth rates for existing MongoDB Atlas applications in 2025. The company is also focused on extending product leadership, maintaining developer mindshare, growing its customer base, and scaling its business to capitalize on its market opportunity.
As a result of these announcements, the company's shares have moved 1.7% on the market, and are now trading at a price of $192.54. For the full picture, make sure to review MongoDB's 10-K report.
