• Revenue: $549 million, a 22% year-over-year increase.

• Atlas Revenue: Grew 26% year over year, representing 72% of total revenue.

• Non-GAAP Operating Income: $87 million, with a 16% non-GAAP operating margin.

• Customer Count: Over 57,100 customers, with approximately 2,600 added sequentially.

• Net ARR Expansion Rate: Approximately 119%.

• Gross Margin: 74%, down from 75% in the year-ago period.

• Net Income: $86 million or $1 per share.

• Operating Cash Flow: $110 million.

• Free Cash Flow: $106 million.

• Cash and Equivalents: $2.5 billion.

• Share Repurchase Program: Increased by $800 million, totaling $1 billion.

• Q2 Revenue Guidance: $548 million to $553 million.

• Fiscal Year '26 Revenue Guidance: $2.25 billion to $2.29 billion.

• Fiscal Year '26 Non-GAAP Income from Operations Guidance: $267 million to $287 million.

• Warning! GuruFocus has detected 3 Warning Sign with VRNT.

Release Date: June 04, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• MongoDB Inc (NASDAQ:MDB) reported a 22% year-over-year increase in revenue, reaching $549 million, surpassing the high end of their guidance.

• Atlas revenue grew 26% year over year, now representing 72% of total revenue, indicating strong adoption of their cloud-based platform.

• The company achieved a non-GAAP operating income of $87 million, resulting in a 16% non-GAAP operating margin, which is an improvement from the previous year.

• MongoDB Inc (NASDAQ:MDB) added approximately 2,600 new customers in the quarter, bringing the total customer count to over 57,100, the highest net additions in over six years.

• The company announced a significant expansion of their share repurchase program, authorizing up to an additional $800 million, reflecting confidence in their long-term potential.

Negative Points

• Despite strong results, MongoDB Inc (NASDAQ:MDB) noted some softness in Atlas consumption in April due to macroeconomic volatility, although it rebounded in May.

• The non-Atlas business is expected to decline in the high single digits for the year, with a $50 million headwind from multiyear license revenue anticipated in the second half.

• Gross margin slightly declined to 74% from 75% in the previous year, primarily due to Atlas growing as a percentage of the overall business and the impact of the Voyage acquisition.

• The company experienced slower than planned headcount additions, which could impact future growth and operational capacity.

• MongoDB Inc (NASDAQ:MDB) remains cautious about the uncertain macroeconomic environment, which could affect future consumption trends and overall business performance.