# MongoDB, Inc. (MDB) Q2 2026 Financial Results Summary
MongoDB, Inc. (NASDAQ: MDB) announced its financial results for the second quarter ended July 31, 2025, on August 26, 2025.
## Financial Highlights
– **Total Revenue**:
– **$591.4 million** for Q2 2026
– **Increase of 24%** year-over-year
– **Subscription Revenue**:
– **$572.4 million**, up **23%** year-over-year
– **Services Revenue**:
– **$19.0 million**, up **33%** year-over-year
– **Gross Profit**:
– **$420.0 million** with a **71% gross margin**
– Compared to **73%** in the same quarter last year
– Non-GAAP gross profit of **$436.4 million** with a **74% non-GAAP gross margin**
– Compared to **75%** in the same quarter last year
– **Loss from Operations**:
– **$65.3 million**, compared to a loss of **$71.4 million** in Q2 2025
– Non-GAAP income from operations of **$86.8 million**, up from **$52.5 million** in Q2 2025
– **Net Loss**:
– **$47.0 million**, or **$0.58 per share**
– Improved from a net loss of **$54.5 million**, or **$0.74 per share** in Q2 2025
– Non-GAAP net income of **$87.2 million**, or **$1.00 per share**
– Compared to a non-GAAP net loss of **$59.0 million**, or **$0.70 per share** in Q2 2025
– **Cash Flow**:
– Cash generated from operations of **$72.1 million**, improving from a use of **$1.4 million** in the same period last year
– Free cash flow of **$69.9 million**, compared to negative free cash flow of **$4.0 million** in Q2 2025
## Customer Metrics
– **Added Customers**:
– 2,800 new customers, totalling **over 59,900** customers by July 31, 2025
## Business Highlights
– MongoDB’s platform showed continued strength aided by:
– Accelerated growth in MongoDB Atlas revenue, up **29%** year-over-year
– Significant enhancements in the AI infrastructure, indicating a solid adoption of AI applications by new customers
– Commitment to public sector support with FedRAMP High and DoD Impact Level 5 authorizations for MongoDB Atlas for Government
– Launch of several new AI models and expanded partnerships, contributing to enhanced product offerings.
– **.local Series Events**:
– Ongoing events in cities worldwide to promote developer engagement.
## Guidance
– **Third-Quarter Fiscal 2026**:
– Revenue guidance of **$587.0 million to $592.0 million**
– Non-GAAP income from operations guidance of **$66.0 million to $70.0 million**
– Non-GAAP net income per share guidance of **$0.76 to $0.79**
– **Full Year Fiscal 2026**:
– Revenue guidance of **$2.34 billion to $2.36 billion**
– Non-GAAP income from operations guidance of **$321.0 million to $331.0 million**
– Non-GAAP net income per share guidance of **$3.64 to $3.73**
## Share Repurchase and Dividend
– MongoDB repurchased **1,029,045 shares** at an average price of **$195.66 per share** during the quarter.
– No quarterly dividend was declared.
## Conclusion
MongoDB continues to demonstrate substantial growth in revenues driven by strong adoption of its Atlas product and strategic expansions in AI capabilities, further positioning itself within the technology landscape. The company’s adjusted financial performance reflects a trend toward improving operational efficiency, with better results compared to the previous year.
| Three Months Ended July | 2025 | 2024 | Six Months Ended July | 2025 | 2024 |
|---|---|---|---|---|---|
| Revenue: | |||||
| Subscription | $572,355 | $463,805 | $1,103,810 | $900,701 | |
| Services | $19,047 | $14,304 | $36,606 | $27,969 | |
| Total revenue | $591,402 | $478,109 | $1,140,416 | $928,670 | |
| Cost of revenue: | |||||
| Subscription(1) | $139,949 | $106,816 | $269,534 | $207,578 | |
| Services(1) | $31,479 | $21,437 | $59,935 | $43,372 | |
| Total cost of revenue | $171,428 | $128,253 | $329,469 | $250,950 | |
| Gross profit | $419,974 | $349,856 | $810,947 | $677,720 | |
| Operating expenses: | |||||
| Sales and marketing(1) | $244,065 | $221,539 | $464,988 | $440,983 | |
| Research and development(1) | $181,739 | $148,967 | $350,568 | $295,027 | |
| General and administrative(1) | $59,464 | $50,790 | $114,239 | $111,336 | |
| Total operating expenses | $485,268 | $421,296 | $929,795 | $847,346 | |
| Loss from operations | -$65,294 | -$71,440 | -$118,848 | -$169,626 | |
| Other income, net | $22,174 | $20,808 | $42,404 | $40,982 | |
| Loss before provision for income taxes | -$43,120 | -$50,632 | -$76,444 | -$128,644 | |
| Provision for income taxes | $3,928 | $3,897 | $8,230 | $6,478 | |
| Net loss | -$47,048 | -$54,529 | -$84,674 | -$135,122 | |
| Net loss per share, basic and diluted | -$0.58 | -$0.74 | -$1.04 | -$1.84 | |
| Weighted-average shares used to compute net loss per share, basic and diluted | 81,078,234 | 73,543,427 | 81,304,435 | 73,269,824 |
(1) Includes stock‑based compensation expense as follows:
| July 31, 2025 | January 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $647,139 | $490,133 |
| Short-term investments | 1,698,247 | 1,846,444 |
| Accounts receivable, net of allowance for doubtful accounts of $11,151 and $8,888 as of July 31, 2025 and January 31, 2025, respectively | 349,656 | 393,099 |
| Deferred commissions | 119,597 | 112,632 |
| Prepaid expenses and other current assets | 89,900 | 81,214 |
| Total current assets | 2,904,539 | 2,923,522 |
| Property and equipment, net | 41,792 | 46,377 |
| Operating lease right-of-use assets | 31,565 | 34,607 |
| Goodwill | 189,641 | 69,679 |
| Intangible assets, net | 42,113 | 24,597 |
| Deferred tax assets | 23,542 | 20,810 |
| Other assets | 308,869 | 310,701 |
| Total assets | $3,542,061 | $3,430,293 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $9,868 | $10,467 |
| Accrued compensation and benefits | 110,916 | 120,354 |
| Operating lease liabilities | 9,508 | 9,126 |
| Other accrued liabilities | 103,664 | 87,659 |
| Deferred revenue | 275,877 | 334,381 |
| Total current liabilities | 509,833 | 561,987 |
| Deferred tax liability | 707 | 262 |
| Operating lease liabilities | 26,236 | 27,374 |
| Deferred revenue | 33,274 | 25,404 |
| Other liabilities | 29,037 | 33,042 |
| Total liabilities | 599,087 | 648,069 |
| Stockholders’ equity: | ||
| Common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of July 31, 2025 and January 31, 2025; 82,575,113 shares issued and 81,546,068 shares outstanding as of July 31, 2025; 80,558,847 shares issued and 80,467,811 shares outstanding as of January 31, 2025 | 81 | 78 |
| Additional paid-in capital | 5,064,031 | 4,625,093 |
| Treasury stock, 1,029,045 shares (repurchased at an average of $195.66 per share) as of July 31, 2025 and 99,371 shares (repurchased at an average of $13.27 per share) as of January 31, 2025 | -201,341 | -1,319 |
| Accumulated other comprehensive income (loss) | 5,581 | -924 |
| Accumulated deficit | -1,925,378 | -1,840,704 |
| Total stockholders’ equity | 2,942,974 | 2,782,224 |
| Total liabilities and stockholders’ equity | $3,542,061 | $3,430,293 |
