$MDB (MongoDB Inc) surged 9% in after-hours trading following the release of its Q3 Fiscal 2025 results, which exceeded expectations and highlighted the companyโs robust growth trajectory.
๐๐ฒ๐ ๐ ๐ฒ๐๐ฟ๐ถ๐ฐ๐:
๐น Revenue hit $529.4 million, up 22% year-over-year, with subscription revenue growing 22% to $512.2 million and services revenue increasing 18% to $17.2 million.
๐น MongoDB Atlas, the companyโs cloud database offering, grew revenue by 26% and accounted for 68% of total revenue.
๐น The company posted a non-GAAP operating income of $101.5 million, a significant increase from $78.5 million in the same quarter last year.
๐น Free cash flow was $34.6 million, maintaining strong liquidity with $2.3 billion in cash, equivalents, and investments.
๐น Customer count surpassed 52,600, with over 2,300 customers contributing $100K+ in annual recurring revenue.
๐ ๐ฃ๐ผ๐๐ถ๐๐ถ๐๐ฒ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐:
MongoDB's Atlas revenue surged 26% year-over-year, driven by strong demand for its cloud database solutions. The launch of MongoDB 8.0 introduced AI-focused features like vector search, boosting its appeal for modern data-intensive applications. Growth in large enterprise customers, with 2,314 now contributing $100K+ in ARR, highlights its deepening traction in high-value segments.
๐ ๐ก๐ฒ๐ด๐ฎ๐๐ถ๐๐ฒ ๐๐๐ฝ๐ฒ๐ฐ๐๐:
While the results are largely positive, the company still reported a GAAP net loss of $9.8 million. Margins slightly compressed compared to last year, with gross margin at 74%, down from 75%. The heavy reliance on stock-based compensation continues to impact GAAP profitability metrics.
๐ฎ ๐ข๐๐๐น๐ผ๐ผ๐ธ:
MongoDBโs strong growth in subscription revenue and expanding customer base shows continue demand for its data platform. Its strategic positioning in the AI ecosystem and partnerships with major cloud providers could unlock further opportunities. However, scaling profitability while managing operational expenses remains a key challenge. The Q4 guidance suggests a steady close to FY 2025, setting the stage for sustained growth in FY 2026.
Disclaimer: I own MongoDB shares. This article is not financial advice. Please do your own research before making any investment decisions.... Show More
Yeah and dropped to -8% by the time the market opened........ Show More
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