MongoDB, Inc. announced its financial results for the fourth quarter and full fiscal year ended January 31, 2025. For Q4 FY25, total revenue was $548.4 million, a 20% increase year-over-year, surpassing analyst estimates of $517.6 million. Non-GAAP adjusted earnings reached $1.28 per share, significantly beating the average analyst estimate of $0.64 per share.
Full-year fiscal 2025 total revenue was $2.01 billion, up 19% year-over-year. MongoDB Atlas revenue grew 24% year-over-year in Q4, representing 71% of total revenue. The company added 1,900 customers in the quarter, bringing the total customer count to 54,500.
Despite the strong quarterly performance, MongoDB issued disappointing guidance for fiscal year 2026. The company expects full-year FY26 revenue between $2.240 billion and $2.280 billion, implying 12.7% growth, which would be the slowest rate since its 2017 public debut. Non-GAAP net income per share is projected between $2.44 and $2.62, below analyst expectations of $3.34.
The weak outlook is attributed to slower-than-expected growth in new applications utilizing its Atlas cloud-based database service and an anticipated high-single-digit decline in non-Atlas subscription revenue. This decline is primarily due to an estimated $50 million headwind from multi-year license revenue compared to FY25, weighted towards the second half of the year.
For the first quarter of fiscal 2026, MongoDB forecast adjusted earnings per share between $0.63 and $0.67 on revenue of $524 million to $529 million. The company is increasing hiring to pursue deals with larger companies, while scaling back on mid-sized businesses.
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