MongoDB, Inc. announced its financial results for the first quarter ended April 30, 2026.
"We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities. At the same time, we continue to show strong profitability, demonstrating we can drive durable revenue growth while simultaneously expanding margin. Based on the momentum we are seeing in the business, we are raising our fiscal 2027 guidance," said CJ Desai, President and Chief Executive Officer of MongoDB.
"With our recently expanded leadership across both product and sales, I'm confident that we have the right team in place to move with even greater velocity. These changes sharpen our focus on delivering mission-critical innovation for our customers while scaling our global go-to-market engine, giving us high confidence in our ability to drive durable, long-term growth."
First Quarter Fiscal 2027 Financial Highlights
- Revenue: Total revenue was $687.6 million for the first quarter of fiscal 2027, an increase of 25% year-over-year. Subscription revenue was $666.1 million, an increase of 25% year-over-year, and services revenue was $21.5 million, an increase of 22% year-over-year.
- Gross Profit: Gross profit was $496.2 million for the first quarter of fiscal 2027, representing a 72% gross margin compared to 71% in the year-ago period. Non-GAAP gross profit was $512.2 million, representing a 74% non-GAAP gross margin, consistent with the year-ago period.
- Loss from Operations: Loss from operations was $24.8 million for the first quarter of fiscal 2027, compared to a loss from operations of $53.6 million in the year-ago period. Non-GAAP income from operations was $123.2 million, compared to non-GAAP income from operations of $87.4 million in the year-ago period.
- Net Income (Loss): Net income was $4.4 million, or $0.05 per share, based on 81.6 million diluted weighted-average shares outstanding, for the first quarter of fiscal 2027. This compares to a net loss of $37.6 million, or $0.46 per share, based on 81.1 million basic and diluted weighted-average shares outstanding in the year-ago period. Non-GAAP net income was $112.3 million, or $1.32 per share, based on 85.3 million fully diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $86.3 million, or $1.00, based on 86.3 million fully diluted weighted-average shares outstanding in the year-ago period.
- Remaining Performance Obligations ("RPO"): RPO was $1,458.6 million, an increase of 88% year-over-year. Current Remaining RPO ("cRPO") was $766.3 million, an increase of 69% year-over-year.
- Cash Flow: As of April 30, 2026, MongoDB had $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2026, MongoDB generated $201.6 million of cash from operations, compared to $109.9 million of cash from operations in the year-ago period. MongoDB used $2.3 million of cash in capital expenditures and used $1.8 million of cash in principal payments of finance leases, leading to free cash flow of $197.5 million, compared to free cash flow of $105.9 million in the year-ago period.
A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading "Non-GAAP Financial Measures."
First Quarter Fiscal 2027 Recent Business Highlights
- MongoDB acquired Clarity Business Solutions to strengthen its US Federal vertical. Clarity has been a trusted partner of ours since 2021, providing specialized support and professional services for highly classified workloads within the US Government. Clarity will operate as a separate entity as we work through the integration process.
- At MongoDB.local London, MongoDB announced seven new platform capabilities designed to close the gap between AI experimentation and high-performance production deployment. These updates advance MongoDB's automated retrieval and persistent AI agent memory capability, strengthen the core database foundation for mission critical workloads, and help upskill builders to deploy production AI.
- MongoDB appointed Ryan Mac Ban as Chief Revenue Officer and Doug Bowers as Chief Information Security Officer. Pablo Stern joined the company as Chief Product Officer, AI and Emerging Products, while Ben Cefalo, a longtime MongoDB product leader, was named Chief Product Officer, Core Products.
- MongoDB and LangChain formalized a strategic partnership to transform MongoDB Atlas into the premier unified backend for production-ready AI agents. This collaboration streamlines the transition from prototype to scale by integrating vector search, persistent memory, and natural-language querying into a single, enterprise-grade platform.
- MongoDB announced an investment to expand its Irish operations in engineering and AI development. The investment will grow MongoDB's Irish workforce by more than 50% across its Dublin international headquarters and new Cork office by 2027, while helping customers in Ireland's thriving tech hub move from AI experimentation to production at scale.
- MongoDB was named the 2026 Google Cloud Partner of the Year: Marketplace - Data. This marks MongoDB's seventh consecutive year as a Google Cloud Partner of the Year, and underscores MongoDB Atlas's role as the trusted data layer for the Google Cloud ecosystem.
