MongoDB, Inc. Files 2024 Annual Report on Form 10-K

TL;DR

<b>MongoDB, Inc. has filed its annual 10-K report for the fiscal year ending January 31, 2024, detailing financial performance and key operational data.</b>

AI Summary

MongoDB, Inc. (MDB) filed a Annual Report (10-K) with the SEC on March 15, 2024. MongoDB, Inc. reported its fiscal year 2024 results ending January 31, 2024. The company's fiscal year 2024 filing covers the period from February 1, 2023, to January 31, 2024. The filing includes financial data for fiscal years 2021, 2022, 2023, and 2024. Key financial statement items such as Property, Plant, and Equipment Net, Accrued Liabilities Current, and Other Liabilities Noncurrent are detailed. The report specifies the company's incorporation in Delaware and its principal business address in New York.

Why It Matters

For investors and stakeholders tracking MongoDB, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of MongoDB's financial health and operational status for the fiscal year 2024, crucial for investors to assess performance and future outlook. The detailed financial statements and disclosures within this report are essential for understanding the company's revenue streams, liabilities, and equity structure, informing investment decisions.

Risk Assessment

Risk Level: medium — MongoDB, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which is a routine annual report. While it contains detailed financial information, it does not inherently signal immediate, significant positive or negative developments beyond normal business operations.

Analyst Insight

Review the detailed financial statements and risk factors in the 10-K to understand MongoDB's performance and potential challenges for the upcoming fiscal year.

Revenue Breakdown

Key Numbers

• 2024-01-31 — Fiscal Year End (The end date of the reporting period)
• 2024-03-15 — Filing Date (The date the 10-K was filed with the SEC)
• 0131 — Fiscal Year End (Abbreviated fiscal year end date)
• 7372 — SIC Code (Standard Industrial Classification code for Prepackaged Software)

Key Players & Entities

• MongoDB, Inc. (company) — Filer of the 10-K report
• 2024-01-31 (date) — Fiscal year end date
• 2024-03-15 (date) — Filing date of the report
• New York (location) — City of business and mailing address
• 10-K (document) — Type of filing

FAQ

Risk Factors

• General Risk Factors [medium — regulatory]: The filing is a standard 10-K which contains numerous risk factors related to the company's business, operations, and financial condition.

Key Dates

• 2024-01-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-03-15: Filing Date — Date the 10-K was officially submitted to the SEC

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MDB The Nasdaq Stock Market L
• $94 billion — ement software market is forecast to be $94 billion in 2023 growing to approximately $153 b
• $153 billion — illion in 2023 growing to approximately $153 billion in 2027, representing a 13% compound an

Filing Documents

• mdb-20240131.htm (10-K) — 2070KB
• mdb-exx44descriptionofstock.htm (EX-4.4) — 20KB
• mongodbincrestrictedstocku.htm (EX-10.19) — 182KB
• mdb-13124x10kxex211.htm (EX-21.1) — 3KB
• mdb-13124x10kxex231.htm (EX-23.1) — 2KB
• mdb-13124x10kxex311.htm (EX-31.1) — 12KB
• mdb-13124x10kxex312.htm (EX-31.2) — 12KB
• mdb-13124x10kxex321.htm (EX-32.1) — 6KB
• mdb-13124x10kxex322.htm (EX-32.2) — 6KB
• mongodb-financialrestateme.htm (EX-97) — 46KB
• mdb-20240131_g1.jpg (GRAPHIC) — 407KB
• 0001441816-24-000049.txt (&nbsp;) — 11795KB
• mdb-20240131.xsd (EX-101.SCH) — 59KB
• mdb-20240131_cal.xml (EX-101.CAL) — 110KB
• mdb-20240131_def.xml (EX-101.DEF) — 380KB
• mdb-20240131_lab.xml (EX-101.LAB) — 856KB
• mdb-20240131_pre.xml (EX-101.PRE) — 675KB
• mdb-20240131_htm.xml (XML) — 1462KB

Business

Business 2 Item 1A.

Risk Factors

Risk Factors 14 Item 1B. Unresolved Staff Comments 47 Item 1C. Cybersecurity 46 Item 2.

Properties

Properties 48 Item 3.

Legal Proceedings

Legal Proceedings 49 Item 4. Mine Safety Disclosures 49 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 50 Item 6. Reserved 51 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 52 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 64 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 66 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 104 Item 9A.

Controls and Procedures

Controls and Procedures 104 Item 9B. Other Information 105 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 105 PART III Item 10. Directors, Executive Officers and Corporate Governance 106 Item 11.

Executive Compensation

Executive Compensation 106 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 106 Item 13. Certain Relationships and Related Transactions and Director Independence 106 Item 14. Principal Accountant Fees and Services 106 PART IV Item 15. Exhibits and Financial Statement Schedules 107 Item 16. Form 10-K Summary 110 Table of Contents General Unless the context otherwise indicates, references in this report to the terms "MongoDB," the "Company," "we," "our" and "us" refer to MongoDB, Inc., its divisions and its subsidiaries. All information presented herein is based on our fiscal calendar. Unless otherwise stated, references to particular years, quarters, months or periods refer to the Company's fiscal years ended January 31 and the associated quarters, months and periods of those fiscal years. Trademarks "MongoDB" and the MongoDB leaf logo and other trademarks or service marks of MongoDB, Inc. appearing in this Annual Report on Form 10-K (this "Form 10-K") are the property of MongoDB, Inc. This Form 10-K contains additional trade names, trademarks and service marks of others, which are the property of their respective owners. Solely for convenience, trademarks and trade names referred to in this Form 10-K may appear without the or symbols. Special Note Regarding Forward-Looking Statements This Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. All statements other than present and historical facts and conditions contained in this Form 10-K, including statements regarding our future results of operations an

Business

Item 1. Business Overview MongoDB is the developer data platform company whose mission is to empower developers to create, transform, and disrupt industries by unleashing the power of software and data. Our developer data platform is an integrated set of database and related services that allow development teams to address the growing variety of modern application requirements, all in a unified and consistent user experience. The foundation of our platform is the world's leading, modern general purpose database. Built on our unique document-based architecture, our database is designed to meet the needs of organizations for performance, scalability, 2 Table of Contents flexibility and reliability while maintaining the strengths of relational databases. Every software application requires a database to store, organize and process data. Large organizations can have tens of thousands of applications and associated databases. A database directly impacts an application's performance, scalability, flexibility and reliability. As a result, selecting a database is a highly strategic decision that directly affects developer productivity, application performance and organizational competitiveness. The global database market is dominated by legacy relational databases, which were first developed in the 1970s. Their underlying architecture remains largely unchanged even though the nature of applications, how they are deployed and their role in business has evolved dramatically. Modern software development is highly iterative and requires flexibility. Relational databases were not built to support the volume, variety and speed of data being generated today, hindering application performance and developer productivity. In a relational database environment, developers are often required to spend significant time fixing and maintaining the linkages between modern applications and the rigid database structures that are inherent in relational offerings. Further, relational da

View Full Filing

View this 10-K filing on SEC EDGAR