MongoDB, Inc. Releases Fiscal 2026 Q3 Financial Results
MongoDB, Inc. has announced its financial results for the third quarter of fiscal year 2026, ending October 31, 2025. The company reported total revenues of $628.3 million, showing a year-over-year increase of 19%. Subscription revenue specifically was $609.1 million, also up by 19%. This growth reflects MongoDB’s strength in its Atlas cloud services, which alone constituted 75% of the total Q3 revenue, growing by 30% from the previous year.
Key Financial Metrics
MongoDB’s financial performance highlights for Q3 of fiscal 2026 include:
- Total Revenue: $628.3 million (up 19% year-over-year)
- Subscription Revenue: $609.1 million (up 19% year-over-year)
- Services Revenue: $19.2 million (up 12% year-over-year)
- Gross Profit: $449.1 million with a gross margin of 71%
- Non-GAAP Gross Profit: $466.2 million, non-GAAP gross margin at 74%
- Net Loss: $2.0 million ($0.02 per share)
- Free Cash Flow: $140.1 million, compared to $34.6 million in the previous year
Customer Growth and Market Positioning
As part of its growth trajectory, MongoDB added approximately 2,600 customers during the quarter, resulting in a total of over 62,500 customers as of October 31, 2025. This indicates robust demand for its database solutions across various industries.
According to CJ Desai, the new CEO of MongoDB, the exceptional quarter showcases the company’s ability to accommodate existing customer expansions while attracting new clients. He emphasized MongoDB’s role as a unified data platform essential for businesses navigating the evolving landscape, particularly with the emergence of AI technology.
Future Outlook
MongoDB has raised its financial guidance for the remainder of the fiscal year. For the fourth quarter, it anticipates revenue between $665 million and $670 million. For the full fiscal year, revenue projections are between $2.434 billion and $2.439 billion. In terms of non-GAAP income from operations, the fourth quarter is expected to yield between $139 million and $143 million, while the annual estimate ranges from $436.4 million to $440.4 million.
Strategic Developments
In addition, MongoDB was recognized as a Leader in the 2025 Gartner Magic Quadrant for Cloud Database Management Systems, marking the fourth consecutive year of such accolades. The company aims to maintain its innovative edge with new features and offerings, such as enhanced search capabilities now accessible in community and enterprise editions.
This financial announcement reflects MongoDB’s commitment to continuing its growth and maintaining a leadership position in the database management market while adapting to new technological demands and expanding its customer base.
