$MDB (-0.58%) MongoDB Inc. reported earnings

Q3 FY2025 results ended on October 31st 2024

- Revenue: $529.4M, +22% YoY

- Net Loss: $9.8M vs $29.3M loss in Q3 2023 

- Non-GAAP EPS: $1.16 vs $0.96 in Q3 2023

- Total customers reached 52,600+, continuing strong growth

CEO Dev Ittycheria: "MongoDB's third quarter results were significantly ahead of expectations on the top and bottom line, driven by better-than-expected EA performance and 26% Atlas revenue growth. We continue to see success winning new business due to the superiority of MongoDB's developer data platform."

🌱Revenue & Growth

- Subscription Revenue: $512.2M, +22% YoY

- Services Revenue: $17.2M, +18% YoY

- MongoDB Atlas Revenue: 68% of total revenue, +26% YoY

- Enterprise Advanced: 25% of subscription revenue

- Direct Sales: 88% of subscription revenue

💰Profits & Financials

- Gross Profit: $394.0M, 74% margin vs 75% YoY

- Non-GAAP Operating Income: $101.5M vs $78.5M YoY

- Operating Loss: $27.9M vs $45.2M loss YoY

- Free Cash Flow: $34.6M vs $35.0M YoY

- Cash & Investments: $2.3B

📌Business Highlights

- Released MongoDB 8.0 with 45+ architectural enhancements

- Named AWS Technology Partner of the Year for North America

- Obtained AWS Modernization Competency designation

- Launched MongoDB AI Applications Program (MAAP)

- Added new MAAP partners: Capgemini, Confluent, IBM, Unstructured, QuantumBlack

🔮Future Outlook

- Q4 Revenue: $515.0M-$519.0M

- Q4 Non-GAAP Income from Operations: $55.0M-$58.0M

- Q4 Non-GAAP EPS: $0.62-$0.65

- Full Year Revenue: $1.973B-$1.977B

- Full Year Non-GAAP Income from Operations: $241.8M-$244.8M