earnings
confidence high
sentiment positive
materiality 0.80
MongoDB Q1 FY2023 revenue $285.4M (+57% YoY); Atlas revenue up 82% to 60% of total
MongoDB, Inc.
- Total revenue $285.4M (+57% YoY); subscription revenue $274.6M (+57%); services $10.9M (+54%).
- GAAP net loss $77.3M ($1.14/sh) vs $64.0M loss ($1.04) YoY; Non-GAAP net income $15.2M ($0.20) vs non-GAAP net loss $3.9M ($0.06) YoY.
- Atlas revenue grew 82% YoY, representing 60% of Q1 revenue; total customers >35,200 as of April 30, 2022.
- Non-GAAP income from operations $17.5M vs non-GAAP loss $2.8M YoY; GAAP loss from operations $75.9M vs $61.4M YoY.
- Cash, equivalents & investments $1.8B; free cash flow $8.4M (flat YoY).