MongoDB Reports Q1 2025 Results

TL;DR

MongoDB's Q1 2025 10-Q is in, showing revenue from cloud and licenses. Check financials for details.

AI Summary

MongoDB, Inc. filed its 10-Q for the period ending April 30, 2024. The company reported revenue from its cloud database services and software licenses. Specific financial figures for the quarter and year-to-date are detailed within the filing.

Why It Matters

This filing provides investors with MongoDB's financial performance and operational updates for the first quarter of fiscal year 2025, influencing investment decisions.

Risk Assessment

Risk Level: medium — As a public company in the tech sector, MongoDB faces ongoing market, competition, and execution risks detailed in its filings.

Key Numbers

• 2024-02-01 to 2024-04-30 — Q1 Fiscal 2025 Period (Reporting period for the current quarter)
• 2023-02-01 to 2023-04-30 — Q1 Fiscal 2024 Period (Comparative period from the prior year)
• 2024-01-31 — Fiscal Year End (End date of the company's fiscal year)

Key Players & Entities

• MongoDB, Inc. (company) — Filer of the 10-Q
• 2024-04-30 (date) — End of reporting period
• 2024-01-31 (date) — Fiscal year end
• 001-38240 (other) — SEC File Number

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MDB The Nasdaq Stock Market L

Filing Documents

• mdb-20240430.htm (10-Q) — 1260KB
• mdb-43024x10qxex311.htm (EX-31.1) — 12KB
• mdb-43024x10qxex312.htm (EX-31.2) — 12KB
• mdb-43024x10qxex321.htm (EX-32.1) — 6KB
• mdb-43024x10qxex322.htm (EX-32.2) — 6KB
• 0001441816-24-000111.txt ( ) — 6288KB
• mdb-20240430.xsd (EX-101.SCH) — 35KB
• mdb-20240430_cal.xml (EX-101.CAL) — 78KB
• mdb-20240430_def.xml (EX-101.DEF) — 196KB
• mdb-20240430_lab.xml (EX-101.LAB) — 589KB
• mdb-20240430_pre.xml (EX-101.PRE) — 409KB
• mdb-20240430_htm.xml (XML) — 717KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of April 30, 2024 and January 31, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the three months ended April 30, 2024 and 2023 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three months ended April 30, 2024 and 2023 3 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three months ended April 30, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Cash Flows for the three months ended April 30, 2024 and 2023 5 Notes to Condensed Consolidated Financial Statements (unaudited) 6 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 29 Item 4.

Controls and Procedures

Controls and Procedures 30

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 31 Item 1A.

Risk Factors

Risk Factors 31 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 64 Item 3. Defaults Upon Senior Securities 65 Item 4. Mine Safety Disclosures 65 Item 5. Other Information 65 Item 6. Exhibits 66

Signatures

Signatures 67 Table of Contents

—FINANCIAL INFORMATION

PART I—FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS. MONGODB, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands of U.S. dollars, except share and per share data) (unaudited) April 30, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 815,704 $ 802,959 Short-term investments 1,258,292 1,212,448 Accounts receivable, net of allowance for doubtful accounts of $ 7,814 and $ 8,054 as of April 30, 2024 and January 31, 2024, respectively 266,025 325,610 Deferred commissions 93,390 92,512 Prepaid expenses and other current assets 218,914 50,107 Total current assets 2,652,325 2,483,636 Property and equipment, net 50,214 53,042 Operating lease right-of-use assets 34,807 37,365 Goodwill 69,679 69,679 Acquired intangible assets, net 1,303 3,957 Deferred tax assets 4,524 4,116 Other assets 221,577 217,847 Total assets $ 3,034,429 $ 2,869,642 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 9,349 $ 9,905 Accrued compensation and benefits 110,234 112,579 Operating lease liabilities 9,881 9,797 Other accrued liabilities 84,110 74,831 Deferred revenue 323,920 357,108 Total current liabilities 537,494 564,220 Deferred tax liability 770 285 Operating lease liabilities 28,417 30,918 Deferred revenue 16,210 20,296 Convertible senior notes, net 1,144,125 1,143,273 Other liabilities 38,157 41,661 Total liabilities 1,765,173 1,800,653 Commitments and contingencies (Note 7) Stockholders' equity: Common stock, par value of $ 0.001 per share; 1,000,000,000 shares authorized as of April 30, 2024 and January 31, 2024; 73,449,966 shares issued and 73,350,595 shares outstanding as of April 30, 2024; 72,840,692 shares issued and 72,741,321 shares outstanding as of January 31, 2024 73 73 Additional paid-in capital 3,068,730 2,777,322 Treasury stock, 99,371 shares (repurchased at an average of $ 13.27 per share) as of April 30, 2024 and January 31, 2024 ( 1,319 ) ( 1,319 ) Accumulated other comprehensive (loss)

View Full Filing

View this 10-Q filing on SEC EDGAR