MongoDB, Inc. has recently released its 10-Q report, providing a detailed look at its financial condition and operational performance. The company, headquartered in New York, is a global provider of a general-purpose database platform, offering services such as MongoDB Atlas, a multi-cloud database-as-a-service solution, and MongoDB Enterprise Advanced, a commercial database server for enterprise customers. In addition, the company offers professional services including consulting and training. MongoDB's total headcount increased to 5,686 as of April 30, 2025, from 5,213 as of April 30, 2024.
In the 10-Q report, MongoDB detailed its financial condition and results of operations. The report highlighted that 97% of the company's total revenue for both the three months ended April 30, 2025 and 2024, was generated from sales of subscriptions. MongoDB Atlas, the company's hosted multi-cloud database-as-a-service offering, represented 72% of total revenue during the three months ended April 30, 2025, reflecting continued growth since its introduction in June 2016. MongoDB Enterprise Advanced, the proprietary commercial database server offering, accounted for 22% and 25% of subscription revenue for the same periods, respectively.
The report also emphasized the company's revenue from services, which primarily consists of fees associated with consulting and training services, accounting for 3% of total revenue for both the three months ended April 30, 2025 and 2024.
The 10-Q report highlighted that MongoDB's market opportunity is significant, with the worldwide data software market expected to reach approximately $191 billion in 2029, representing a 13% compound annual growth rate, according to IDC.
However, the report also pointed out that MongoDB's operational and financial performance is subject to risks, including those caused by the adverse macroeconomic environment and the geopolitical landscape. The company experienced slower than historical growth rates for its existing MongoDB Atlas applications during the three months ended April 30, 2025, due to the adverse macroeconomic conditions.
The report also detailed the company's focus on growing its customer base and expanding its global reach. As of April 30, 2025, MongoDB had over 57,100 customers across a wide range of industries and in over 100 countries, with over 7,500 customers sold through its direct sales force and channel partners.
The market has reacted to these announcements by moving the company's shares 13.15% to a price of $226.00. If you want to know more, read the company's complete 10-Q report here.
