In the press release, MongoDB, Inc. announced its financial results for the second quarter ended July 31, 2025. The key financial highlights for the second quarter of fiscal 2026 include:
- Total revenue of $591.4 million, up 24% year-over-year.
- MongoDB Atlas revenue increased by 29% year-over-year, representing 74% of total Q2 revenue.
- Added 2,800 customers, bringing the total customer count to over 59,900 as of July 31, 2025.
- Subscription revenue was $572.4 million, a 23% increase year-over-year, while services revenue was $19.0 million, a 33% increase year-over-year.
The financial performance metrics also included: Gross profit of $420.0 million, representing a 71% gross margin. Non-GAAP gross profit of $436.4 million, with a 74% non-GAAP gross margin. Loss from operations was $65.3 million, an improvement from the loss of $71.4 million in the year-ago period. Non-GAAP income from operations was $86.8 million, compared to $52.5 million in the year-ago period. Net loss was $47.0 million, or $0.58 per share, based on 81.1 million weighted-average shares outstanding, compared to a net loss of $54.5 million, or $0.74 per share, in the year-ago period. Non-GAAP net income was $87.2 million, or $1.00 per share, based on 87.1 million fully diluted weighted-average shares outstanding, compared to a non-GAAP net loss of $59.0 million, or $0.70 per share, in the year-ago period.
As of July 31, 2025, MongoDB had $2.3 billion in cash, cash equivalents, short-term investments, and restricted cash. The company generated $72.1 million of cash from operations during the quarter, compared to a use of $1.4 million of cash from operations in the year-ago period. Additionally, MongoDB reported free cash flow of $69.9 million, a significant improvement from negative free cash flow of $4.0 million in the year-ago period.
The press release also provided guidance for the third quarter and full year fiscal 2026, with revenue expected to be in the range of $587.0 million to $592.0 million for the third quarter and $2.34 billion to $2.36 billion for the full year. Non-GAAP income from operations is projected to be in the range of $66.0 million to $70.0 million for the third quarter and $321.0 million to $331.0 million for the full year. Non-GAAP net income per share is expected to be between $0.76 to $0.79 for the third quarter and $3.64 to $3.73 for the full year.
The company also highlighted its recent business initiatives, including product innovations and expansions in the AI partner ecosystem, as well as efforts to deepen its support in the public sector through its run anywhere strategy.
Today the company's shares have moved -1.88% to a price of $214.34. For the full picture, make sure to review MongoDB's 8-K report.
