earnings
confidence high
sentiment neutral
materiality 0.75
MongoDB Q2 revenue $303.7M (+53% YoY); Atlas up 73%, net loss widens
MongoDB, Inc.
- Total revenue $303.7M (+53% YoY); subscription rev $291.6M (+52%); services $12.1M (+64%).
- Atlas revenue grew 73% YoY, representing 64% of total Q2 revenue; customer count surpassed 37,000.
- GAAP net loss $118.9M ($1.74 EPS) vs $77.1M ($1.22) last year; non-GAAP net loss $15.6M ($0.23).
- Cash and investments $1.8B; free cash flow negative $48.6M, worse than -$22.7M last year.
- GAAP gross margin 71% (vs 69% last year); non-GAAP gross margin 73% (vs 72%).