MongoDB, Inc. MDB reported better-than-expected second-quarter financial results and issued strong guidance on Thursday. MongoDB reported quarterly earnings of 70 cents per share, which beat the analyst consensus estimate of 49 cents by 42.86%. Quarterly sales came in at $478.1 million, which beat the consensus estimate by 3.03% and represents growth of 12.82% from the same period last year. "MongoDB delivered healthy second-quarter results, highlighted by strong new workload acquisition and better-than-exp ...

1 F t I 1 1 BrianAJackson Investment Thesis MongoDB (NASDAQ:MDB) delivers what some may say a middle-of-the-road earnings results that result in its share price soaring more than 10% after hours. What a shocking reaction by the market. What's more, despite management raising its guidance for fiscal 2025, the stock is still priced at 100x forward non-GAAP operating profits. I'm a tech investor, so I know it's blasphemous to even mention GAAP earnings, but this company is still incurring more and more GAAP lo ...

Key Takeaways Shares in MongoDB soared more than 13% in extended trading Thursday after the company reported better-than-expected earnings and boosted its full-year outlook amid robust demand for generative AI software. The stock sits positioned to confirm a double bottom, with the shares projected to open above the pattern's neckline on Friday morning. Amid post-earnings upside in MongoDB shares, investors should watch key chart levels at $294, $323, and $370. During pullbacks, investors should monitor the ...

Financial Data and Key Metrics - Revenue for Q2 FY2025 was $478 million, a 13% YoY increase, exceeding the high end of guidance [6] - Atlas revenue grew 27% YoY, representing 71% of total revenue [6] - Non-GAAP operating income was $52.5 million, with an 11% operating margin [6] - Customer base grew to over 50,700, up from 45,000 in the year-ago period [25] - Net ARR expansion rate was approximately 119%, with 2,189 customers having at least $100,000 in ARR [26] - Gross profit was $360.8 million, with a gross margin of 75%, down from 78% YoY [26] - Free cash flow was negative $4 million, compared to negative $27.3 million in the year-ago period [28] Business Line Performance - Atlas consumption growth was modestly ahead of updated expectations, though still below original forecasts [23] - Non-Atlas revenue was down 13% YoY due to difficult comparisons from multi-year licensing deals in the prior year [24] - Enterprise Advanced (EA) pipeline showed strength, with increased assumptions for the rest of the year [30] Market and Regional Performance - The company saw strength across all markets, with both Atlas and EA exceeding expectations [6] - Customers across industries, including Fanatics, L'Oreal, and Delivery Hero, are leveraging MongoDB for mission-critical projects [17][18][19][20] Strategic Direction and Industry Competition - The company is focusing on AI-driven workloads, with MongoDB positioned as an ideal data layer for AI applications due to its flexible document model and high-performance architecture [8][9][10] - MongoDB launched the MongoDB AI Applications Program (MAAP) to help customers build and deploy AI applications [12] - The company is also helping customers modernize legacy applications, with pilots showing significant reductions in time and cost [13][14] Management Commentary on Macro Environment and Future Outlook - The macro environment impacted consumption of existing workloads, but new business remained strong [16][17] - The company expects AI to be a long-term growth driver, though monetization of AI applications will take time [8] - MongoDB is confident in its ability to win new business in the second half of the year, driven by its run-anywhere strategy and low market share in a large market [6][17] Other Important Information - The company prepaid some cloud provider commitments to improve future gross margins, impacting operating cash flow by roughly $20 million per quarter in the back half of the year [31] - MongoDB will incur $20 million to $25 million in CapEx to acquire IPv4 addresses, which will reduce future cloud infrastructure costs [31] Q&A Session Summary Question: Operational changes to drive higher workload quality - The company made slight incentive comp changes to focus on workload quality, which were well-received by the sales team [33] Question: Atlas consumption trends and macro impact - Atlas consumption growth in Q2 was better than expected, but no significant macro changes were observed [52][53] Question: EA pipeline strength and AI impact - EA pipeline strength is driven by the run-anywhere strategy and multi-year deals, not uniquely tied to AI [39] Question: MongoDB's competitive position against Postgres - MongoDB's flexible schema, horizontal scaling, and developer productivity give it an edge over Postgres, especially for AI-driven workloads [50][51][79][80] Question: AI-driven developer productivity and Atlas utilization - AI tools are improving developer productivity, but the impact on Atlas utilization is still early and varies across customers [83][84] Question: Atlas growth drivers and market share capture - Atlas's growth is driven by its availability across hyperscalers, general-purpose use cases, and a large developer community [88] Question: Operating margin guidance and investment balance - The company expects to maintain double-digit operating margins while continuing to invest in sales capacity and AI initiatives [90]

Key Takeaways MongoDB raised its guidance after beating expectations on the top and bottom lines. Sales of MongoDB Atlas rose 27%, making up 71% of total revenue at the database software company. CEO Dev Ittycheria said the company is "well positioned" to help businesses incorporate generative AI. MongoDB (MDB) shares rocketed higher after the bell Thursday after the company raised its full-year guidance alongside second-quarter results that topped expectations. The database software company now expects 202 ...

MongoDB (MDB) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.93 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 45.83%. A quarter ago, it was expected that this database platform would post earnings of $0.38 per share when it actually produced earnings of $0.51, delivering a surprise of 34.21%. Over the last four quarters, the compan ...

SAN DIEGO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of MongoDB, Inc. (NASDAQ: MDB) securities between August 31, 2023 and May 30, 2024, inclusive (the "Class Period"), have until September 9, 2024 to seek appointment as lead plaintiff of the MongoDB class action lawsuit. Captioned Baxter v. MongoDB, Inc., No. 24-cv-05191 (S.D.N.Y.), the MongoDB class action lawsuit charges MongoDB as well as certain of MongoDB's top executives ...

Core Insights - MongoDB shares surged by up to 16% in after-hours trading following strong fiscal Q2 earnings and an increase in full-year guidance [1] - The company reported adjusted earnings per share of 70 cents, exceeding the expected 49 cents, and revenue of $478.1 million, surpassing the forecast of $464.1 million [1] - Year-over-year revenue growth for the quarter ending July 31 was 13%, although the net loss increased to $54.5 million from $37.6 million in the same quarter last year [1] Financial Performance - Fiscal Q2 adjusted earnings per share: 70 cents vs. expected 49 cents [1] - Revenue for Q2: $478.1 million vs. expected $464.1 million [1] - Year-over-year revenue growth: 13% [1] - Net loss for Q2: $54.5 million (74 cents per share) compared to $37.6 million (53 cents per share) in the previous year [1] Future Guidance - For fiscal Q3, MongoDB expects adjusted earnings of 65 to 68 cents per share and revenue between $493.0 million and $497.0 million, exceeding analyst expectations of 60 cents and $478.8 million [3] - The fiscal 2025 forecast has been raised to adjusted earnings of $2.33 to $2.47 per share and revenue of $1.92 billion to $1.93 billion, up from previous guidance of $2.15 to $2.30 per share and $1.88 billion to $1.90 billion [4] - Analysts had predicted adjusted earnings of $2.26 per share and revenue of $1.90 billion for fiscal 2025 [4] Market Context - Excluding after-hours trading, MongoDB shares were down nearly 40% year-to-date, while the S&P 500 index gained 17% during the same period [5]

Exhibit 99.1 MongoDB, Inc. Announces Second Quarter Fiscal 2025 Financial Results Second Quarter Fiscal 2025 Total Revenue of $478.1 million, up 13% Year-over-Year Continued Strong Customer Growth with Over 50,700 Customers as of July 31, 2024 MongoDB Atlas Revenue up 27% Year-over-Year; 71% of Total Q2 Revenue NEW YORK - August 29, 2024 - MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2024. "MongoDB delivered healthy second quarter results, highlight ...

Second Quarter Fiscal 2025 Total Revenue of $478.1 million, up 13% Year-over-Year Continued Strong Customer Growth with Over 50,700 Customers as of July 31, 2024 MongoDB Atlas Revenue up 27% Year-over-Year; 71% of Total Q2 Revenue NEW YORK, Aug. 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2024. "MongoDB delivered healthy second quarter results, highlighted by strong new workload acquisition and better-than-expected Atlas co ...