MongoDB 10-Q: Q2 FY25 Financials Released

TL;DR

MongoDB's Q2 FY25 numbers are in. Revenue breakdown shows growth in both license and service segments.

AI Summary

MongoDB, Inc. filed its 10-Q for the period ending July 31, 2024. The company reported revenue figures for the second quarter and the first half of its fiscal year, with specific numbers for license and service revenue. The filing also includes balance sheet information as of January 31, 2024.

Why It Matters

This filing provides investors with MongoDB's latest financial performance and position, crucial for understanding the company's growth trajectory and operational health.

Risk Assessment

Risk Level: medium — As a software company in a competitive market, MongoDB faces risks related to market adoption, technological changes, and economic conditions.

Key Numbers

• 2024-07-31 — Reporting Period End Date (Indicates the end of the financial reporting period covered by the 10-Q.)
• 2024-08-30 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
• 0131 — Fiscal Year End (Specifies the end date of MongoDB's fiscal year.)

Key Players & Entities

• MongoDB, Inc. (company) — Filer of the 10-Q
• 20240731 (date) — End of reporting period
• 20240830 (date) — Filing date
• 0131 (date) — Fiscal year end

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share MDB The Nasdaq Stock Market L
• $0.9 million — any recognized a net unrealized loss of $0.9 million and a net unrealized gain of $ 1.3 mill

Filing Documents

• mdb-20240731.htm (10-Q) — 1524KB
• mdb-73124x10qxex311.htm (EX-31.1) — 12KB
• mdb-73124x10qxex312.htm (EX-31.2) — 12KB
• mdb-73124x10qxex321.htm (EX-32.1) — 6KB
• mdb-73124x10qxex322.htm (EX-32.2) — 6KB
• 0001441816-24-000188.txt ( ) — 6845KB
• mdb-20240731.xsd (EX-101.SCH) — 35KB
• mdb-20240731_cal.xml (EX-101.CAL) — 79KB
• mdb-20240731_def.xml (EX-101.DEF) — 201KB
• mdb-20240731_lab.xml (EX-101.LAB) — 599KB
• mdb-20240731_pre.xml (EX-101.PRE) — 417KB
• mdb-20240731_htm.xml (XML) — 844KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of July 31, 2024 and January 31, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the three and six months ended July 31, 2024 and 2023 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended July 31, 2024 and 2023 3 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended July 31, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended July 31, 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 18 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 30 Item 4.

Controls and Procedures

Controls and Procedures 31

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 32 Item 1A.

Risk Factors

Risk Factors 32 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 65 Item 3. Defaults Upon Senior Securities 66 Item 4. Mine Safety Disclosures 66 Item 5. Other Information 66 Item 6. Exhibits 67

Signatures

Signatures 68 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) July 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 1,290,901 $ 802,959 Short-term investments 973,933 1,212,448 Accounts receivable, net of allowance for doubtful accounts of $ 7,879 and $ 8,054 as of July 31, 2024 and January 31, 2024, respectively 311,166 325,610 Deferred commissions 97,644 92,512 Prepaid expenses and other current assets 48,403 50,107 Total current assets 2,722,047 2,483,636 Property and equipment, net 48,389 53,042 Operating lease right-of-use assets 36,873 37,365 Goodwill 69,679 69,679 Acquired intangible assets, net 1,133 3,957 Deferred tax assets 4,765 4,116 Other assets 248,344 217,847 Total assets $ 3,131,230 $ 2,869,642 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 10,135 $ 9,905 Accrued compensation and benefits 112,063 112,579 Operating lease liabilities 11,048 9,797 Other accrued liabilities 100,795 74,831 Deferred revenue 307,114 357,108 Total current liabilities 541,155 564,220 Deferred tax liability 1,061 285 Operating lease liabilities 28,877 30,918 Deferred revenue 15,612 20,296 Convertible senior notes, net 1,144,977 1,143,273 Other liabilities 36,501 41,661 Total liabilities 1,768,183 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 July 31, 2024 and January 31, 2024; 73,963,083 shares issued and 73,863,712 shares outstanding as of July 31, 2024; 72,840,692 shares issued and 72,741,321 shares outstanding as of January 31, 2024 73 73 Additional paid-in capital 3,210,146 2,777,322 Treasury stock, 99,371 shares (repurchased at an average of $ 13.27 per share) as of July 31, 2024 and January 31, 2024 ( 1,319 ) ( 1,319 ) Accumulated other comprehensive income

View Full Filing

View this 10-Q filing on SEC EDGAR