# MongoDB (MDB) Q1 FY2027 earnings

Results filed 2026-05-28 for the quarter ended 2026-04-30. Source page: https://earnings.opennash.com/companies/mdb/2027-q1/
Press release and exhibits: https://www.sec.gov/Archives/edgar/data/1441816/000162828026038798/0001628280-26-038798-index.htm
> 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

| Metric | Value | Change | Basis |
| --- | --- | --- | --- |
| Total revenue | $687.6 million | up 25% year-over-year | GAAP |
| Net income | $4.4 million | compared to a net loss of $37.6 million in the year-ago period | GAAP |
| Diluted net income per share | $0.05 | compared to a net loss of $0.46 per share in the year-ago period | GAAP |
| Non-GAAP net income per share, fully diluted | $1.32 | compared to $1.00 in the year-ago period | non-GAAP |
| GAAP gross margin | 72% | compared to 71% in the year-ago period | GAAP |
| Loss from operations | $24.8 million | compared to a loss from operations of $53.6 million in the year-ago period | GAAP |
| Non-GAAP income from operations | $123.2 million | compared to non-GAAP income from operations of $87.4 million in the year-ago period | non-GAAP |
| Cash from operations | $201.6 million | compared to $109.9 million of cash from operations in the year-ago period |  |
| Free cash flow | $197.5 million | compared to free cash flow of $105.9 million in the year-ago period | non-GAAP |
| Remaining performance obligations | $1,458.6 million | an increase of 88% year-over-year |  |

## Segments and operating metrics

| Name | Value | Change |
| --- | --- | --- |
| Atlas-related revenue | $512,466 | up more than 29% year-over-year |
| Enterprise Advanced and other revenue | $153,672 | 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 |  |

## 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

1. **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%.
2. **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.
3. **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.
4. **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.
5. **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.

## 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.