MongoDB Reports Q3 Financials

TL;DR

MongoDB's Q3 10-Q is in: revenue streams detailed, balance sheet updated. Check it.

AI Summary

MongoDB, Inc. filed its 10-Q for the period ending October 31, 2024. The company reported revenue from licenses and services, with specific figures for the third quarter and year-to-date periods. Financial details such as common stock and additional paid-in capital as of January 31, 2024, were also included.

Why It Matters

This filing provides investors with an update on MongoDB's financial performance and position, crucial for understanding the company's growth trajectory and market standing.

Risk Assessment

Risk Level: medium — As a technology company in a competitive market, MongoDB faces risks related to innovation, customer adoption, and economic conditions.

Key Numbers

• 0.004926 — Q3 EPS (Diluted) (Earnings per share for the third quarter.)
• 0.0001911 — Q3 EPS (Diluted, Prior Year) (Earnings per share for the third quarter of the prior year.)

Key Players & Entities

• MongoDB, Inc. (company) — Filer of the 10-Q
• 2024-10-31 (date) — End of reporting period
• 2024-12-10 (date) — Filing date
• 1633 Broadway (location) — Company's business address

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-20241031.htm (10-Q) — 1605KB
• mdb-103124x10qxex311.htm (EX-31.1) — 12KB
• mdb-103124x10qxex312.htm (EX-31.2) — 12KB
• mdb-103124x10qxex321.htm (EX-32.1) — 6KB
• mdb-103124x10qxex322.htm (EX-32.2) — 6KB
• 0001441816-24-000260.txt ( ) — 7143KB
• mdb-20241031.xsd (EX-101.SCH) — 37KB
• mdb-20241031_cal.xml (EX-101.CAL) — 81KB
• mdb-20241031_def.xml (EX-101.DEF) — 214KB
• mdb-20241031_lab.xml (EX-101.LAB) — 628KB
• mdb-20241031_pre.xml (EX-101.PRE) — 430KB
• mdb-20241031_htm.xml (XML) — 878KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Unaudited Condensed Consolidated Balance Sheets as of October 31, 2024 and January 31, 2024 1 Unaudited Condensed Consolidated Statements of Operations for the three and nine months ended October 31, 2024 and 2023 2 Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and nine months ended October 31, 2024 and 2023 3 Unaudited Condensed Consolidated Statements of Stockholders' Equity for the three and nine months ended October 31, 2024 and 2023 4 Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended October 31, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements (unaudited) 7 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 20 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 33 Item 4.

Controls and Procedures

Controls and Procedures 34

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 35 Item 1A.

Risk Factors

Risk Factors 35 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 69 Item 3. Defaults Upon Senior Securities 69 Item 4. Mine Safety Disclosures 69 Item 5. Other Information 69 Item 6. Exhibits 70

Signatures

Signatures 71 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) October 31, 2024 January 31, 2024 Assets Current assets: Cash and cash equivalents $ 673,054 $ 802,959 Short-term investments 1,629,038 1,212,448 Accounts receivable, net of allowance for doubtful accounts of $ 8,212 and $ 8,054 as of October 31, 2024 and January 31, 2024, respectively 334,629 325,610 Deferred commissions 103,715 92,512 Prepaid expenses and other current assets 53,827 50,107 Total current assets 2,794,263 2,483,636 Property and equipment, net 47,345 53,042 Operating lease right-of-use assets 35,859 37,365 Goodwill 69,679 69,679 Acquired intangible assets, net 963 3,957 Deferred tax assets 5,575 4,116 Other assets 271,101 217,847 Total assets $ 3,224,785 $ 2,869,642 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 11,444 $ 9,905 Accrued compensation and benefits 120,598 112,579 Operating lease liabilities 10,787 9,797 Other accrued liabilities 86,795 74,831 Deferred revenue 286,431 357,108 Convertible senior notes, net 1,124,720 — Total current liabilities 1,640,775 564,220 Deferred tax liability 1,030 285 Operating lease liabilities 27,639 30,918 Deferred revenue 18,481 20,296 Convertible senior notes, net — 1,143,273 Other liabilities 34,884 41,661 Total liabilities 1,722,809 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 October 31, 2024 and January 31, 2024; 74,493,146 shares issued and 74,393,775 shares outstanding as of October 31, 2024; 72,840,692 shares issued and 72,741,321 shares outstanding as of January 31, 2024 73 73 Additional paid-in capital 3,357,146 2,777,322 Treasury stock, 99,371 shares (repurchased at an average of $ 13.27 per share) as of October 31, 2024 and January 31, 2024 ( 1,319 )

View Full Filing

View this 10-Q filing on SEC EDGAR