On August 29, 2024, MongoDB, Inc. announced its financial results for the second quarter ended July 31, 2024. The company reported a total revenue of $478.1 million, marking a 13% increase year-over-year. Subscription revenue contributed $463.8 million to the total, also up by 13%, while services revenue slightly decreased by 1% to $14.3 million. MongoDB's gross profit was $349.9 million, with a gross margin of 73%, slightly lower than the 75% margin of the previous year. The non-GAAP gross profit was higher at $360.8 million, with a 75% non-GAAP gross margin. The company experienced a loss from operations of $71.4 million, compared to a $49.0 million loss in the same period last year. The net loss was $54.5 million, or $0.74 per share, worsening from a net loss of $37.6 million, or $0.53 per share, year...Show More

On August 29, 2024, MongoDB, Inc. announced its financial results for the second quarter ended July 31, 2024. The company reported a total revenue of $478.1 million, marking a 13% increase year-over-year. Subscription revenue contributed $463.8 million to the total, also up by 13%, while services revenue slightly decreased by 1% to $14.3 million. MongoDB's gross profit was $349.9 million, with a gross margin of 73%, slightly lower than the 75% margin of the previous year. The non-GAAP gross profit was higher at $360.8 million, with a 75% non-GAAP gross margin. The company experienced a loss from operations of $71.4 million, compared to a $49.0 million loss in the same period last year. The net loss was $54.5 million, or $0.74 per share, worsening from a net loss of $37.6 million, or $0.53 per share, year-over-year. MongoDB ended the quarter with $2.3 billion in cash and equivalents, and a negative free cash flow of $4.0 million, an improvement from the negative $27.3 million in the prior year. The company also highlighted the general availability of the MongoDB AI Applications Program (MAAP) and accolades received for MongoDB Atlas Vector Search. Looking forward, MongoDB provided guidance for the third quarter fiscal 2025 with revenue expected between $493.0 million to $497.0 million and full-year fiscal 2025 revenue projected to be between $1.92 billion to $1.93 billion.