MongoDB, Inc. Announces First Quarter Fiscal 2023 Financial Results
MongoDB reported strong financial results for Q1 FY2023, with total revenue reaching $285.4 million, a 57% year-over-year increase. Subscription revenue was $274.6 million, up 57%, and services revenue rose 54% to $10.9 million. MongoDB Atlas revenue surged 82%, accounting for 60% of total revenue. Despite a net loss of $77.3 million or $1.14 per share, the company boasts strong cash reserves of $1.8 billion. Guidance for Q2 anticipates a revenue impact of $4-5 million due to macros.
- Q1 FY2023 revenue increased by 57% year-over-year to $285.4 million.
- MongoDB Atlas revenue grew 82% year-over-year, representing 60% of total revenue.
- Gross profit margin improved to 73% from 70% year-over-year.
- Cash reserves stood at $1.8 billion as of April 30, 2022.
- Net loss increased to $77.3 million compared to $64 million in the year-ago period.
- Guidance indicates a $4-5 million negative revenue impact in Q2 due to macroeconomic factors.
- Non-GAAP operating loss projected between $18 million to $16 million for Q2.
First Quarter Fiscal 2023 Total Revenue of
Continued Strong Customer Growth with Over 35,200 Customers as of April 30, 2022
MongoDB Atlas Revenue up
NEW YORK, June 1, 2022 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced its financial results for the first quarter ended April 30, 2022.
"MongoDB began fiscal 2023 with terrific first quarter results, highlighted by revenue growth of
First Quarter Fiscal 2023 Financial Highlights
- Revenue: Total revenue was
$285.4 million for the first quarter fiscal 2023, an increase of57% year-over-year. Subscription revenue was$274.6 million , an increase of57% year-over-year, and services revenue was$10.9 million , an increase of54% year-over-year. - Gross Profit: Gross profit was
$207.2 million for the first quarter fiscal 2023, representing a73% gross margin compared to70% in the year-ago period. Non-GAAP gross profit was$214.3 million , representing a75% non-GAAP gross margin, compared to a non-GAAP gross margin of72% in the year-ago period. - Loss from Operations: Loss from operations was
$75.9 million for the first quarter fiscal 2023, compared to a loss of$61.4 million in the year-ago period. Non-GAAP income from operations was$17.5 million , compared to a non-GAAP loss of$2.8 million in the year-ago period. - Net Loss: Net loss was
$77.3 million , or$1.14 per share, based on 67.7 million weighted-average shares outstanding, for the first quarter fiscal 2023. This compares to a net loss of$64.0 million , or$1.04 per share, based on 61.4 million weighted-average shares outstanding, in the year-ago period. Non-GAAP net income was$15.2 million or$0.20 per share based on 77.0 million diluted weighted-average shares outstanding. This compares to a non-GAAP net loss of$3.9 million or$0.06 per share in the year-ago period. - Cash Flow: As of April 30, 2022, MongoDB had
$1.8 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2022, MongoDB generated$11.6 million of cash from operations, used$2.5 million of cash in capital expenditures and used$0.6 million of cash in principal repayments of finance leases, leading to free cash flow of$8.4 million , compared to free cash flow of$8.4 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 2023 and Recent Business Highlights
- Announced a new multi-year, strategic collaboration agreement with AWS to make it easier for joint customers to advance their cloud adoption journey. These efforts include integrated go-to-market activities across sales, marketing and developer relations, as well as both technology integrations and commercial incentives to streamline the migration of on-premises workloads to MongoDB Atlas on AWS.
- Launched MongoDB Atlas Pay-as-you-go option on Google Cloud, which can be launched directly from the Google Console. The offering provides developers with a simplified subscription experience, and makes it easier for customers to build, scale, and manage data-rich applications with MongoDB Atlas within the Google Cloud Console.
- Continuing a successful return to in-person events, MongoDB.local Paris in April was a completely sold out gathering of attendees. At the event, cloud partner OVHcloud announced the availability of its Managed Databases for MongoDB – Enterprise Plan in free beta. The extension of this partnership offers faster innovation with secure data governance for organizations ensuring they can harness the power of their data to build better applications.
Second Quarter and Full Year Fiscal 2023 Guidance
Based on information as of today, June 1, 2022, MongoDB is issuing the following financial guidance for the second quarter and full year fiscal 2023. This guidance includes our estimate of
Second Quarter Fiscal | Full Year Fiscal 2023 | |
Revenue |
| |
Non-GAAP Income (Loss) from | ( | ( |
Non-GAAP Net Loss per | ( | ( |
The guidance provided above is forward-looking in nature. Actual results may differ materially. See the cautionary note regarding "Forward-Looking Statements" below. Fluctuations in MongoDB's operating results may be particularly pronounced in the current economic environment due to the current volatility in the global economy and the continuing uncertainty caused by the ongoing COVID-19 pandemic. The situation regarding both the volatility in the global economy and the COVID-19 pandemic remains uncertain and could change rapidly, and MongoDB will continue to evaluate the potential impact of both these factors on its business.
Reconciliation of non-GAAP income (loss) from operations and non-GAAP net income (loss) per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in MongoDB's stock price. MongoDB expects the variability of the above charges to have a significant, and potentially unpredictable, impact on its future GAAP financial results.
Conference Call Information
MongoDB will host a conference call today, June 1, 2022, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. A live webcast of the call will be available on the "Investor Relations" page of MongoDB's website at https://investors.mongodb.com. To access the call by phone, dial 1-844-200-6205 (domestic) or +1-929-526-1599 (international). The access code is 463040. A replay of this conference call will be available for a limited time at 1-866-813-9403 (domestic) or +44-204-525-0658 (international). The replay conference ID is 693228. A replay of the webcast will also be available for a limited time at https://investors.mongodb.com.
About MongoDB
MongoDB is the leading modern, general purpose database platform empowering innovators to create, transform, and disrupt industries by unleashing the power of software and data. Headquartered in New York, MongoDB has more than 35,200 customers in over 100 countries. The MongoDB database platform has been downloaded over 265 million times and there have been more than 1.5 million registrations for MongoDB University courses.
Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning MongoDB's financial guidance for the second fiscal quarter and full year fiscal 2023 and MongoDB's ability to capitalize on its market opportunity and deliver strong growth for the foreseeable future . These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts and statements identified by words such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "project," "will," "would" or the negative or plural of these words or similar expressions or variations. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Although we believe that our plans, intentions, expectations, strategies and prospects as reflected in or suggested by those forward-looking statements are reasonable, we can give no assurance that the plans, intentions, expectations or strategies will be attained or achieved. Furthermore, actual results may differ materially from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks and factors that are beyond our control including, without limitation: the impact that the precautions we have taken in our business relative to the ongoing COVID-19 pandemic may have on our business; the financial impacts of the COVID-19 pandemic on our customers and our potential customers; the effects of the ongoing military conflict between Russia and Ukraine on our business and future operating results; the effects of volatility in the global economy and financial markets on our business and future operating results; our potential failure to meet publicly announced guidance or other expectations about our business and future operating results; our limited operating history; our history of losses; failure of our database platform to satisfy customer demands; the effects of increased competition; our investments in new products and our ability to introduce new features, services or enhancements; our ability to effectively expand our sales and marketing organization; our ability to continue to build and maintain credibility with the developer community; our ability to add new customers or increase sales to our existing customers; our ability to maintain, protect, enforce and enhance our intellectual property; the growth and expansion of the market for database products and our ability to penetrate that market; our ability to integrate acquired businesses and technologies successfully or achieve the expected benefits of such acquisitions; our ability to maintain the security of our software and adequately address privacy concerns; our ability to manage our growth effectively and successfully recruit and retain additional highly-qualified personnel; and the price volatility of our common stock. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Annual Report on Form 10-K for the year ended January 31, 2022 filed with the SEC on March 18, 2022. Additional information will be made available in our Quarterly Report on Form 10-Q for the quarter ended April 30, 2022 and other filings and reports that we may file from time to time with the SEC. Except as required by law, we undertake no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events, changes in expectations or otherwise.
Non-GAAP Financial Measures
This press release includes the following financial measures defined as non-GAAP financial measures by the SEC: non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share and free cash flow. Non-GAAP gross profit and non-GAAP gross margin exclude expenses associated with stock-based compensation. Non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net income (loss) and non-GAAP net income (loss) per share for the three month period ended April 30, 2022 exclude:
- expenses associated with stock-based compensation including employer payroll taxes upon the vesting and exercising of stock-based awards and expenses related to stock appreciation rights previously issued to our employees in China;
- amortization of intangible assets for the acquired technology and acquired customer relationships associated with prior acquisitions;
- amortization of time-based payments associated with prior acquisitions that were deemed to be post-combination compensation expense for U.S. GAAP purposes; and
- in the case of non-GAAP net income (loss) and non-GAAP net income (loss) per share, amortization of the debt issuance costs associated with our convertible senior notes and gains or losses on investments
MongoDB uses these non-GAAP financial measures internally in analyzing its financial results and believes they are useful to investors, as a supplement to GAAP measures, in evaluating MongoDB's ongoing operational performance. MongoDB believes that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing its financial results with other companies in MongoDB's industry, many of which present similar non-GAAP financial measures to investors.
Free cash flow represents net cash used in operating activities, less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. The exclusion of capital expenditures, principal repayments of finance lease liabilities and amounts capitalized for software development facilitates comparisons of MongoDB's liquidity on a period-to-period basis and excludes items that it does not consider to be indicative of its liquidity. MongoDB believes that free cash flow is a measure of liquidity that provides useful information to investors in understanding and evaluating the strength of its liquidity and future ability to generate cash that can be used for strategic opportunities or investing in its business in the same manner as MongoDB's management and board of directors.
Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating expenses, non-GAAP income (loss) from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share, free cash flow or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of MongoDB's website at https://investors.mongodb.com.
Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com
Media Relations
Matt Trocchio
MongoDB
communications@mongodb.com
MONGODB, INC. CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share data) (unaudited) | |||
April 30, 2022 | January 31, 2022 | ||
Assets | |||
Current assets: | |||
Cash and cash equivalents | $ 456,275 | $ 473,904 | |
Short-term investments | 1,372,420 | 1,352,019 | |
Accounts receivable, net of allowance for doubtful accounts of and January 31, 2022, respectively | 164,885 | 195,383 | |
Deferred commissions | 66,754 | 63,523 | |
Prepaid expenses and other current assets | 35,973 | 32,573 | |
Total current assets | 2,096,307 | 2,117,402 | |
Property and equipment, net | 62,761 | 62,625 | |
Operating lease right-of-use assets | 45,248 | 41,745 | |
Goodwill | 57,775 | 57,775 | |
Acquired intangible assets, net | 18,313 | 20,608 | |
Deferred tax assets | 1,963 | 1,939 | |
Other assets | 152,174 | 147,494 | |
Total assets | $ 2,434,541 | $ 2,449,588 | |
Liabilities and Stockholders' Equity | |||
Current liabilities: | |||
Accounts payable | $ 6,204 | $ 5,234 | |
Accrued compensation and benefits | 87,717 | 112,568 | |
Operating lease liabilities | 8,671 | 8,084 | |
Other accrued liabilities | 49,216 | 48,848 | |
Deferred revenue | 351,914 | 352,001 | |
Total current liabilities | 503,722 | 526,735 | |
Deferred tax liability, non-current | 93 | 81 | |
Operating lease liabilities, non-current | 40,279 | 38,707 | |
Deferred revenue, non-current | 23,555 | 23,179 | |
Convertible senior notes, net | 1,137,361 | 1,136,521 | |
Other liabilities, non-current | 56,652 | 57,665 | |
Total liabilities | 1,761,662 | 1,782,888 | |
Stockholders' equity: | |||
Common stock, par value of and January 31, 2022; 68,160,434 shares issued and 68,061,063 shares outstanding as of April 30, 2022; 67,543,731 shares issued and 67,444,360 shares outstanding as of January 31, 2022 | 68 | 67 | |
Additional paid-in capital | 1,945,737 | 1,860,514 | |
Treasury stock, 99,371 shares (repurchased at an average of January 31, 2022 | (1,319) | (1,319) | |
Accumulated other comprehensive loss | (4,679) | (2,928) | |
Accumulated deficit | (1,266,928) | (1,189,634) | |
Total stockholders' equity | 672,879 | 666,700 | |
Total liabilities and stockholders' equity | $ 2,434,541 | $ 2,449,588 | |
MONGODB, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands, except share and per share data) (unaudited) | |||
Three Months Ended April 30, | |||
2022 | 2021 | ||
Revenue: | |||
Subscription | $ 274,581 | $ 174,570 | |
Services | 10,866 | 7,078 | |
Total revenue | 285,447 | 181,648 | |
Cost of revenue(1): | |||
Subscription | 64,569 | 45,402 | |
Services | 13,646 | 9,126 | |
Total cost of revenue | 78,215 | 54,528 | |
Gross profit | 207,232 | 127,120 | |
Operating expenses: | |||
Sales and marketing(1) | 150,268 | 97,890 | |
Research and development(1) | 96,372 | 64,751 | |
General and administrative(1) | 36,532 | 25,925 | |
Total operating expenses | 283,172 | 188,566 | |
Loss from operations | (75,940) | (61,446) | |
Other expense, net | (208) | (3,922) | |
Loss before provision for (benefit from) income taxes | (76,148) | (65,368) | |
Provision for (benefit from) income taxes | 1,146 | (1,376) | |
Net loss | $ (77,294) | $ (63,992) | |
Net loss per share, basic and diluted | $ (1.14) | $ (1.04) | |
Weighted-average shares used to compute net loss per share, basic and diluted | 67,706,502 | 61,361,670 | |
______________
(1) Includes stock‑based compensation expense as follows: |
Three Months Ended April 30, | |||
2022 | 2021 | ||
Cost of revenue—subscription | $ 4,467 | $ 2,990 | |
Cost of revenue—services | 2,212 | 1,487 | |
Sales and marketing | 30,534 | 18,876 | |
Research and development | 35,483 | 20,335 | |
General and administrative | 10,870 | 7,226 | |
Total stock‑based compensation expense | $ 83,566 | $ 50,914 | |
MONGODB, INC. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) | |||
Three Months Ended April 30, | |||
2022 | 2021 | ||
Cash flows from operating activities | |||
Net loss | $ (77,294) | $ (63,992) | |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||
Depreciation and amortization | 3,787 | 3,251 | |
Stock-based compensation | 83,566 | 50,914 | |
Amortization of debt issuance costs | 840 | 1,427 | |
Amortization of finance right-of-use assets | 994 | 994 | |
Amortization of operating right-of-use assets | 2,018 | 1,522 | |
Deferred income taxes | (61) | (1,585) | |
Accretion of discount on short-term investments | 2,231 | 1,527 | |
Gain on non-marketable securities | (1,751) | — | |
Unrealized foreign exchange loss | 581 | 315 | |
Change in operating assets and liabilities: | |||
Accounts receivable | 28,740 | 35,145 | |
Prepaid expenses and other current assets | (3,293) | (9,027) | |
Deferred commissions | (4,722) | (5,882) | |
Other long-term assets | (358) | 23 | |
Accounts payable | 1,023 | 224 | |
Accrued liabilities | (23,016) | (17,152) | |
Operating lease liabilities | (2,192) | (1,027) | |
Deferred revenue | 152 | 9,749 | |
Other liabilities, non-current | 329 | 3,791 | |
Net cash provided by operating activities | 11,574 | 10,217 | |
Cash flows from investing activities | |||
Purchases of property and equipment | (2,538) | (627) | |
Acquisition, net of cash acquired | — | (4,469) | |
Investment in non-marketable securities | (1,119) | (936) | |
Proceeds from maturities of marketable securities | 75,000 | 100,000 | |
Purchases of marketable securities | (100,146) | (101,479) | |
Net cash used in investing activities | (28,803) | (7,511) | |
Cash flows from financing activities | |||
Proceeds from exercise of stock options | 1,656 | 3,539 | |
Principal repayments of finance leases | (595) | (1,199) | |
Repayments of convertible senior notes attributable to principal | — | (27,594) | |
Net cash provided by (used in) financing activities | 1,061 | (25,254) | |
Effect of exchange rate changes on cash, cash equivalents, and restricted cash | (1,467) | (94) | |
Net decrease in cash, cash equivalents and restricted cash | (17,635) | (22,642) | |
Cash, cash equivalents, and restricted cash, beginning of period | 474,420 | 430,222 | |
Cash, cash equivalents, and restricted cash, end of period | $ 456,785 | $ 407,580 | |
MONGODB, INC. RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (in thousands, except share and per share data) (unaudited) | ||||
Three Months Ended April 30, | ||||
2022 | 2021 | |||
Reconciliation of GAAP gross profit to non-GAAP gross profit: | ||||
Gross profit on a GAAP basis | $ 207,232 | $ 127,120 | ||
Gross margin (Gross profit/Total revenue) on a GAAP basis | ||||
Add back: | ||||
Expenses associated with stock-based compensation: Cost of Revenue—Subscription | 4,803 | 3,243 | ||
Expenses associated with stock-based compensation: Cost of Revenue—Services | 2,239 | 1,156 | ||
Non-GAAP gross profit | $ 214,274 | $ 131,519 | ||
Non-GAAP gross margin (Non-GAAP gross profit/Total revenue) | ||||
Reconciliation of GAAP operating expenses to non-GAAP operating expenses: | ||||
Sales and marketing operating expense on a GAAP basis | $ 150,268 | $ 97,890 | ||
Less: | ||||
Expenses associated with stock-based compensation | 33,838 | 21,684 | ||
Amortization of intangible assets associated with acquisitions | 760 | 760 | ||
Non-GAAP sales and marketing operating expense | $ 115,670 | $ 75,446 | ||
Research and development operating expense on a GAAP basis | $ 96,372 | $ 64,751 | ||
Less: | ||||
Expenses associated with stock-based compensation | 37,504 | 21,826 | ||
Amortization of intangible assets and post-combination compensation expense associated with prior acquisitions | 1,535 | 1,422 | ||
Non-GAAP research and development operating expense | $ 57,333 | $ 41,503 | ||
General and administrative operating expense on a GAAP basis | $ 36,532 | $ 25,925 | ||
Less: | ||||
Expenses associated with stock-based compensation | 12,754 | 8,571 | ||
Non-GAAP general and administrative operating expense | $ 23,778 | $ 17,354 | ||
Reconciliation of GAAP loss from operations to non-GAAP income (loss) from operations: | ||||
Loss from operations on a GAAP basis | $ (75,940) | $ (61,446) | ||
Add back: | ||||
Expenses associated with stock-based compensation | 91,138 | 56,480 | ||
Amortization of intangible assets and post-combination compensation expense associated with prior acquisitions | 2,295 | 2,182 | ||
Non-GAAP income (loss) from operations | $ 17,493 | $ (2,784) | ||
Reconciliation of GAAP net loss to non-GAAP net income (loss): | ||||
Net loss on a GAAP basis | $ (77,294) | $ (63,992) | ||
Add back: | ||||
Expenses associated with stock-based compensation | 91,138 | 56,480 | ||
Amortization of intangible assets and post-combination compensation expense associated with prior acquisitions | 2,295 | 2,182 | ||
Amortization of debt issuance costs related to convertible senior notes | 840 | 1,427 | ||
Less: | ||||
Gain on non-marketable securities | (1,751) | — | ||
Non-GAAP net income (loss) | $ 15,228 | $ (3,903) | ||
Reconciliation of GAAP net loss per share, basic and diluted, to non-GAAP net income (loss) per share, basic and diluted: | ||||
Net loss per share, basic and diluted, on a GAAP basis | $ (1.14) | $ (1.04) | ||
Add back: | ||||
Expenses associated with stock-based compensation | 1.35 | 0.92 | ||
Amortization of intangible assets and post-combination compensation expense associated with prior acquisitions | 0.03 | 0.04 | ||
Amortization of debt issuance costs related to convertible senior notes | 0.01 | 0.02 | ||
Less: | ||||
Gain on non-marketable securities | 0.03 | — | ||
Non-GAAP net income (loss) per share, basic | $ 0.22 | $ (0.06) | ||
Adjustment for fully diluted earnings per share | (0.02) | — | ||
Non-GAAP net income (loss) per share, diluted * | $ 0.20 | $ (0.06) | ||
* | Diluted non-GAAP net income per share for the three months ended April 30, 2022 is calculated based upon 77.0 million of diluted weighted-average shares of outstanding common stock. The GAAP and Non-GAAP net loss per share calculations exclude potentially dilutive shares as the inclusion of such shares would have been anti-dilutive due to the net loss reported. |
The following table presents a reconciliation of free cash flow to net cash provided by operating activities, the most directly comparable GAAP measure, for each of the periods indicated (unaudited, in thousands): |
Three Months Ended April 30, | |||
2022 | 2021 | ||
Net cash provided by operating activities | $ 11,574 | $ 10,217 | |
Capital expenditures | (2,538) | (627) | |
Principal repayments of finance leases | (595) | (1,199) | |
Capitalized software | — | — | |
Free cash flow | $ 8,441 | $ 8,391 | |
MONGODB, INC. CUSTOMER COUNT METRICS The following table presents certain customer count information as of the periods indicated: | |||||||||||||||||
4/30/2020 | 7/31/2020 | 10/31/2020 | 1/31/2021 | 4/30/2021 | 7/31/2021 | 10/31/2021 | 1/31/2022 | 4/30/2022 | |||||||||
Total Customers (a) | 18,400+ | 20,200+ | 22,600+ | 24,800+ | 26,800+ | 29,000+ | 31,000+ | 33,000+ | 35,200+ | ||||||||
Direct Sales Customers(b) | 2,200+ | 2,500+ | 2,800+ | 3,000+ | 3,300+ | 3,600+ | 3,900+ | 4,400+ | 4,800+ | ||||||||
MongoDB Atlas Customers | 16,800+ | 18,800+ | 21,100+ | 23,300+ | 25,300+ | 27,500+ | 29,500+ | 31,500+ | 33,700+ | ||||||||
Customers over | 780 | 819 | 898 | 975 | 1,057 | 1,126 | 1,201 | 1,307 | 1,379 | ||||||||
(a) Our definition of "customer" excludes users of our free offerings and all affiliated entities are counted as a single customer. As of and prior to January 31, 2022, our definition of "customer" excluded (1) users of our free offerings, (2) mLab users who spend |
(b) Direct Sales Customers are customers that were sold through our direct sales force and channel partners. |
(c) Represents the number of customers with |
MONGODB, INC. SUPPLEMENTAL REVENUE INFORMATION The following table presents certain supplemental revenue information as of the periods indicated: | |||||||||||||||||
4/30/2020 | 7/31/2020 | 10/31/2020 | 1/31/2021 | 4/30/2021 | 7/31/2021 | 10/31/2021 | 1/31/2022 | 4/30/2022 | |||||||||
MongoDB Enterprise | |||||||||||||||||
Direct Sales Customers(a) Revenue: % of | |||||||||||||||||
(a) | Direct Sales Customers are customers that were sold through our direct sales force and channel partners. |
View original content to download multimedia:https://www.prnewswire.com/news-releases/mongodb-inc-announces-first-quarter-fiscal-2023-financial-results-301559515.html
SOURCE MongoDB, Inc.
FAQ
What were MongoDB's Q1 FY2023 revenue results?
How did MongoDB Atlas perform in Q1 FY2023?
What is MongoDB's guidance for Q2 FY2023?
What was MongoDB's net loss in Q1 FY2023?
How much cash does MongoDB have as of April 30, 2022?
