MongoDB Powers Ahead: Record Revenue and Strong Growth in Q3 2025
The company's third quarter fiscal year 2025 financial results were announced during a conference call, showcasing a remarkable growth trajectory. With revenue reaching $529 million, a 22% year-over-year increase that surpassed guidance expectations, MongoDB demonstrated its continued dominance in the market.
Dev Ittycheria, President and CEO of MongoDB, expressed satisfaction with the company's performance in Q3, highlighting a strong new business quarter and improved Atlas consumption. The non-Atlas business significantly exceeded expectations, driven by large multiyear deals that reflect customers' increasing value for MongoDB's 'run anywhere' strategy.
The company reported 52,600+ customers at the end of Q3, indicating a substantial growth in customer base. This achievement underscores the mission-criticality of MongoDB's platform and reinforces its position as a leader in the market.
During the conference call, Dev Ittycheria provided an update on the company's strategic initiatives to maximize long-term opportunity. These initiatives include increasing investment in the enterprise channel, expanding the strategic account program, and up-leveling developer skills in large enterprise accounts. The goal of these investments is to drive incremental adoption of MongoDB's platform.
As part of this strategy, MongoDB will reallocate a portion of its mid-market investments to fund upmarket initiatives. This decision reflects the company's confidence in delivering strong returns from prioritizing investment in larger enterprises. By leveraging technology-enabled sales and customer service motions, MongoDB aims to serve the mid-market more efficiently.
Additionally, Dev Ittycheria discussed the opportunity to accelerate legacy app modernization using AI, highlighting successful pilots earlier this year. The company is investing more in this area by combining AI tooling with professional services and its Relational Migrator product to significantly reduce the time, cost, and risk of migrating legacy applications onto MongoDB.
The impressive growth demonstrated by MongoDB in Q3 2025 underscores the company's ability to capitalize on emerging trends and adapt to changing market conditions. With a strong foundation and strategic initiatives in place, MongoDB is well-positioned for continued success and leadership in the market."
