MongoDB (MDB) · Software
MongoDB Q1 FY2027 earnings: summary, key numbers & outlook
Results filed 28 May 2026 · Quarter ended 30 Apr 2026
Press release ↗Investor relations ↗
Summaries and transcripts are machine-generated and can contain errors.
In brief
First quarter fiscal 2027 total revenue of $687.6 million, up 25% year-over-year, with Atlas revenue up more than 29% year-over-year and the company raising full-year fiscal 2027 guidance.
MongoDB's first-quarter revenue was $687.6 million, up 25% from a year earlier. Atlas, its cloud database service, grew more than 29% and made up $512.5 million of the total. The company swung to a GAAP net income of $4.4 million from a $37.6 million loss. Non-GAAP income from operations was $123.2 million, and free cash flow was $197.5 million, up from $105.9 million. Remaining performance obligations, or contracted future revenue, rose 88% to $1,458.6 million.
Management raised full-year fiscal 2027 revenue guidance to $2.92 billion to $2.96 billion, mainly because of Atlas strength. It expects second-quarter revenue of $729 million to $734 million. The main tension is that GAAP results are still near break-even, with a guided full-year GAAP operating loss, because stock-based compensation is large. Growth also depends on Atlas usage and on a newly reshaped product and sales leadership team executing well.
Key numbers
- Total revenue · GAAP
- $687.6 million
- Net income · GAAP
- $4.4 million
- Diluted net income per share · GAAP
- $0.05
- Non-GAAP net income per share, fully diluted · non-GAAP
- $1.32
- GAAP gross margin · GAAP
- 72%
- Loss from operations · GAAP
- $24.8 million
- Non-GAAP income from operations · non-GAAP
- $123.2 million
- Cash from operations
- $201.6 million
up 25% year-over-year
compared to a net loss of $37.6 million in the year-ago period
compared to a net loss of $0.46 per share in the year-ago period
compared to $1.00 in the year-ago period
compared to 71% in the year-ago period
compared to a loss from operations of $53.6 million in the year-ago period
compared to non-GAAP income from operations of $87.4 million in the year-ago period
compared to $109.9 million of cash from operations in the year-ago period
| Segment or metric | Value | Change |
|---|---|---|
| Atlas-related revenue | $512.5M | up more than 29% year-over-year |
| Enterprise Advanced and other revenue | $153.7M | up more than 13% year-over-year |
| Subscription revenue | $666.1 million | an increase of 25% year-over-year |
| Services revenue | $21.5 million | an increase of 22% year-over-year |
| Current remaining performance obligations | $766.3 million | an increase of 69% year-over-year |
| Total customers | 67,700+ | |
| Customers over $100K ARR | 2,895 |
Where each number comes from
- Total revenue: “Total revenue was $687.6 million for the first quarter of fiscal 2027, an increase of 25% year-over-year.”
- Net income: “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.”
- Diluted net income per share: “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.”
- Non-GAAP net income per share, fully diluted: “Non-GAAP net income was $112.3 million, or $1.32 per share, based on 85.3 million fully diluted weighted-average shares outstanding.”
- GAAP gross margin: “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.”
- 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: “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.”
- Cash from operations: “MongoDB generated $201.6 million of cash from operations, compared to $109.9 million of cash from operations in the year-ago period.”
- Atlas-related revenue: “Atlas-related | $512,466 | $395,893 MongoDB Enterprise Advanced and other | 153,672 | 135,562 Services | 21,478 | 17,559 Total | $687,616 | $549,014”
- Enterprise Advanced and other revenue: “Atlas-related | $512,466 | $395,893 MongoDB Enterprise Advanced and other | 153,672 | 135,562 Services | 21,478 | 17,559 Total | $687,616 | $549,014”
- Subscription revenue: “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.”
- Services revenue: “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.”
- Current remaining performance obligations: “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.”
- Total customers: “Total Customers(a) | 49,200+ | 50,700+ | 52,600+ | 54,500+ | 57,100+ | 59,900+ | 62,500+ | 65,200+ | 67,700+”
- Customers over $100K ARR: “Customers over $100K(b) | 2,137 | 2,189 | 2,314 | 2,396 | 2,506 | 2,564 | 2,694 | 2,799 | 2,895”
Copied from the press release ↗ and other documents in the SEC filing ↗. A figure is published only if its sentence is in the filing.
| From the filing | Q1 FY2027 | vs year ago | vs last quarter |
|---|---|---|---|
| Revenue | $687.6M | +25.2% | −1.1% |
| Operating income | -$24.8M | +53.7% | — |
| Net income | $4.4M | — | −71.4% |
| Diluted EPS | $0.05 | — | — |
| Free cash flow | $199.3M | +84.0% | +11.7% |
| Gross margin | 72.2% | +1.0 pts | −0.8 pts |
| Operating margin | -3.6% | +6.2 pts | −3.6 pts |
Calculated by code from XBRL, not by the model.
Outlook
| Metric | Period | Outlook |
|---|---|---|
| Revenue | second quarter fiscal 2027 | $729 million to $734 million |
| Non-GAAP income from operations | second quarter fiscal 2027 | $152.0 million to $156.0 million |
| GAAP net income per share | second quarter fiscal 2027 | $0.08 to $0.12 |
| Non-GAAP net income per share | second quarter fiscal 2027 | $1.58 to $1.61 |
| Revenue | full year fiscal 2027 | $2.92 billion to $2.96 billion |
| Non-GAAP income from operations | full year fiscal 2027 | $571.0 million to $591.0 million |
| GAAP net income per share | full year fiscal 2027 | $0.15 to $0.39 |
| Non-GAAP net income per share | full year fiscal 2027 | $5.95 to $6.14 |
| Long-term non-GAAP tax rate | long-term non-GAAP | 20% |
Key takeaways
Atlas drives 25% revenue growth
Atlas-related revenue was $512,466 thousand versus $395,893 thousand a year earlier, up more than 29%. Enterprise Advanced and other grew more than 13%.
GAAP turns profitable; operating loss narrows
Net income was $4.4 million versus a $37.6 million loss. Loss from operations narrowed to $24.8 million from $53.6 million.
Free cash flow nearly doubles year over year
Free cash flow was $197.5 million versus $105.9 million a year earlier. Cash from operations was $201.6 million.
Contracted backlog grows faster than revenue
RPO rose 88% to $1,458.6 million and cRPO rose 69% to $766.3 million. Both grew faster than the 25% revenue growth.
Full-year guidance raised, mainly on Atlas
Full-year fiscal 2027 revenue is now expected at $2.92 billion to $2.96 billion, and non-GAAP EPS at $5.95 to $6.14. Second-quarter revenue is guided to $729 million to $734 million.
Charts
Fourth quarter worked out from the annual figure.
Data
| Q3 FY25 | $529.4M |
| Q4 FY25 | $548.4M * |
| Q1 FY26 | $549.0M |
| Q2 FY26 | $591.4M |
| Q3 FY26 | $628.3M |
| Q4 FY26 | $695.1M * |
| Q1 FY27 | $687.6M |
| Q2 FY27 | $771.8M |
Data
| Q1 FY26 | -$0.46 |
| Q2 FY26 | -$0.58 |
| Q1 FY27 | $0.05 |
| Q2 FY27 | $0.50 |
Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.
Data
| Q3 FY25 | -5.3% |
| Q4 FY25 | -3.4% |
| Q1 FY26 | -9.8% |
| Q2 FY26 | -11.0% |
| Q3 FY26 | -2.9% |
| Q4 FY26 | 0.0% |
| Q1 FY27 | -3.6% |
| Q2 FY27 | 3.7% |
Data
| Q3 FY25 | $35.5M |
| Q4 FY25 | $24.6M |
| Q1 FY26 | $108.3M |
| Q2 FY26 | $71.6M |
| Q3 FY26 | $141.8M |
| Q4 FY26 | $178.5M |
| Q1 FY27 | $199.3M |
| Q2 FY27 | $139.4M |
Operating cash flow minus capital expenditure, from cash flow statements.
Questions
What were MongoDB's first-quarter fiscal 2027 results?
Revenue was $687.6 million, up 25% year-over-year. GAAP net income was $4.4 million ($0.05 per diluted share), and non-GAAP net income per share was $1.32.
How fast did Atlas grow?
Atlas revenue grew more than 29% year-over-year to $512,466 thousand. Atlas customers reached 66,400+.
Did MongoDB raise its full-year outlook?
Yes. Full-year fiscal 2027 revenue guidance is $2.92 billion to $2.96 billion, and non-GAAP EPS guidance is $5.95 to $6.14. The company said the raise was driven mainly by Atlas strength.
What is the second-quarter guidance?
MongoDB expects second-quarter fiscal 2027 revenue of $729 million to $734 million. It expects non-GAAP income from operations of $152.0 million to $156.0 million and non-GAAP EPS of $1.58 to $1.61.
How strong was cash generation?
Cash from operations was $201.6 million and free cash flow was $197.5 million, up from $105.9 million a year ago. MongoDB held $2.4 billion in cash, equivalents, short-term investments and restricted cash.
Documents
SEC filing