MongoDB, Inc. (NASDAQ: MDB) has released its financial results for the third quarter of fiscal year 2026, showcasing significant growth and exceeding expectations. The report, released on December 1, 2025, reveals a strong performance driven by the company's Atlas platform and an expanding customer base.
Key Highlights from the Report
- Revenue Growth: Total revenue reached $628.3 million, a 19% increase year-over-year. Subscription revenue also saw a 19% rise, reaching $609.1 million.
- Atlas Performance: Atlas revenue grew by an impressive 30% year-over-year, contributing 75% of the total Q3 revenue.
- Customer Acquisition: MongoDB added 2,600 new customers, bringing the total customer base to over 62,500 as of October 31, 2025.
- Gross Profit: Gross profit stood at $449.1 million, representing a 71% gross margin.
According to CJ Desai, President and CEO of MongoDB, the company's strong Q3 results were driven by the continued strength of Atlas and a focus on profitable growth. The company is also raising its guidance for the remainder of the year.
Analyst Perspective
Analysts like Vladimir Dimitrov, CFA, highlight that while MongoDB has demonstrated strong momentum, persistent GAAP profitability issues, widening net losses, and increasing reliance on stock-based compensation remain concerns. The recent CEO change also signals a potential strategic shift as the company aims to address these challenges.
Looking Ahead
Investors will be closely watching MongoDB's future reports to see how the company addresses profitability concerns and capitalizes on the growing demand for its unified data platform. The company's ability to adapt to the evolving AI landscape will also be crucial for its long-term success.
Important Considerations
It's essential for investors to conduct their own due diligence and consult with a financial advisor before making any investment decisions. The information provided here is for informational purposes only and should not be considered financial advice.