Wed, Jun 4, 9:18 PM (8 days ago)
### MongoDB, Inc. (MDB) Q1 2025 Financial Performance Summary **Revenue:** - **Total Revenue:** $549.0 million, up 22% year-over-year (YoY). - **Subscription Revenue:** $531.5 million, up 22% YoY. - **Services Revenue:** $17.6 million, up 28% YoY. **Profit Margins:** - **Gross Margin:** 71%, down from 73% in Q1 2024. - **Operating Margin:** -10%, improved from -22% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $109.9 million, up from $63.6 million in Q1 2024. - **Investing Cash Flow:** $51.6 million, up from -$48.1 million in Q1 2024. - **Financing Cash Flow:** -$1.8 million, up from -$1.1 million in Q1 2024. **Earnings Changes:** - **Net Loss:** -$37.6 million, improved from -$80.6 million in Q1 2024. - **EPS:** -$0.46, improved from -$1.10 in Q1 2024. **Quarterly Performance Discussion:** - **Revenue Growth:** Driven by increased demand for MongoDB Atlas and MongoDB Enterprise Advanced. - **Gross Margin Decline:** Due to higher subscription revenue from MongoDB Atlas and increased services costs. - **Operating Expenses:** Sales and marketing expenses increased by 1%, research and development by 16%, and general and administrative by -10%. - **Cash Flow Improvement:** Driven by higher cash collections and increased accounts receivable. **Trends:** - **Customer Growth:** Over 57,100 customers, up from 49,200 in Q1 2024. - **Direct Sales Customers:** Over 7,500, up from 7,100 in Q1 2024. - **MongoDB Atlas Customers:** Over 55,800, up from 47,700 in Q1 2024. **Uncertainties:** - **Macroeconomic Headwinds:** Slower growth rates for existing MongoDB Atlas applications due to adverse macroeconomic conditions. - **Competition:** Intensifying competition from established legacy database providers and cloud providers. - **Customer Retention:** Dependence on customer renewals and expansions. **Future Operations Impact:** - **Investment in Growth:** Continued investment in sales, marketing, and research and development. - **Share Repurchase Program:** Authorized $1.0 billion for repurchases, bringing the aggregate authorized repurchase amount to $1.0 billion. - **Legal Proceedings:** Ongoing legal proceedings and risk factors that could impact financial performance.