MongoDB Smashes Q4 Earnings Expectations with 20% Revenue Growth
MongoDB, the leading provider of modern database solutions, has delivered a stellar performance in its fourth quarter fiscal 2025 earnings call. The company's revenue for the quarter reached $548.4 million, representing a 20% year-over-year increase and exceeding the high end of their guidance.
The strong revenue growth was driven by a 24% year-over-year increase in Atlas revenue, which now accounts for 71% of MongoDB's overall revenue. The company also generated non-GAAP operating income of $112.5 million, with a non-GAAP operating margin of 21%. These results demonstrate the company's ability to execute well against its large market opportunity and solidify its position as a leader in the database space.
With over 54,500 customers on board, MongoDB has achieved a significant milestone in its fiscal year 2025 performance. The company crossed the $2 billion revenue mark for the full year, representing a 19% growth rate compared to the previous year. This achievement puts MongoDB roughly 20 times larger than when it went public, showcasing the company's impressive scale and growth trajectory.
Dev Ittycheria, President and CEO of MongoDB, highlighted the key drivers behind the company's success in fiscal '26. He emphasized that customers will continue to build competitive advantage through custom-built software, with MongoDB being a prime choice for this purpose. The company expects another strong year of new workload acquisition, driven by the increasing demand for innovative database solutions.
Atlas consumption growth is also expected to remain stable compared to fiscal '25, with usage growth consistent with recent quarters. This stability, combined with an improved cohort of workloads from fiscal '25, gives MongoDB confidence in Atlas's continued robust growth as it approaches a $2 billion run rate this year.
While the company expects non-Atlas business to represent a meaningful headwind to its growth in fiscal '26, due to fewer multiyear deals and lower incremental workload deployment on Atlas, MongoDB remains optimistic about its long-term opportunity in AI. The company expects customers to continue their AI journey from experimentation to production deployment, with modestly incremental benefits to revenue growth in fiscal '26.
MongoDB's strong Q4 earnings call performance demonstrates the company's ability to execute well against its large market opportunity and solidify its position as a leader in the database space. As the company looks ahead to fiscal '26, it remains committed to delivering innovative solutions that meet the evolving needs of customers.
