MongoDB Announces Third Quarter Fiscal 2026 Financial Results
Atlas Revenue is up 30% year-over-year; now 75% of Total Q3 Revenue.
Total Revenue for Q3 2026 reached $628.3 million, marking a 19% increase from the previous year.
2,600 new customers added, totaling over 62,500 customers as of October 31, 2025.
MongoDB, Inc. (NASDAQ: MDB) announced its financial results for the third quarter, underscoring impressive revenue growth and customer acquisition.
President and CEO CJ Desai commented, "MongoDB delivered strong results exceeding our guidance criteria, particularly in the Atlas segment, where growth accelerated by 30% compared to last year. Furthermore, our margin performance demonstrates our capability to drive profitable growth, prompting us to adjust our financial outlook for the remainder of the year."
Desai added, "Our Q3 performance reflects an exceptional quarter with existing customers expanding their usage. New customer additions continue to show substantial momentum as businesses across all sectors choose MongoDB, recognizing our unified data platform's strength in powering mission-critical workloads while positioning them favorably for emerging AI trends."
Third Quarter Fiscal 2026 Financial Highlights
- Revenue: Total revenue for Q3 2026 stood at $628.3 million, reflecting a 19% growth over the same period last year. Specifically, subscription revenue was $609.1 million and services revenue was $19.2 million.
- Gross Profit: Gross profit for the period totaled $449.1 million, representing a 71% gross margin.
- Loss from Operations: The loss from operations improved to $18.4 million from $27.9 million a year earlier, while non-GAAP income from operations increased to $123.1 million.
- Net Loss: The net loss amounted to $2.0 million, or $0.02 per share, a significant improvement compared to $9.8 million reported in the prior year. Non-GAAP net income showed a remarkable increase to $114.5 million, equivalent to $1.32 per share.
- Cash Flow: As of the end of October 2025, MongoDB reported $2.3 billion in cash, cash equivalents, and short-term investments, achieving $143.5 million in cash from operations during the quarter, a notable rise from $37.4 million in the same quarter last year.
Executive Leadership Changes
MongoDB has recently appointed CJ Desai as President and CEO, succeeding Dev Ittycheria after an outstanding 11-year tenure. Desai brings a wealth of product and engineering experience, alongside successful software company scaling strategies.
Acknowledgment in the Industry
MongoDB has been recognized as a Leader in the Gartner® Magic Quadrant™ for Cloud Database Management Systems (CDBMS) for the fourth consecutive year. This accolade emphasizes the company’s innovation and execution strength in the modern database sector.
Feature Enhancements
The company recently unveiled powerful search and vector search capabilities in its MongoDB Community Edition and MongoDB Enterprise Server, previously limited to the fully managed MongoDB Atlas cloud platform, thus broadening access for developers and businesses.
Fourth Quarter and Full Year Fiscal 2026 Guidance
As of today, MongoDB provided its financial outlook for Q4 and the entire fiscal year of 2026, citing a projected revenue range of $665 million to $670 million for Q4 and $2.434 billion to $2.439 billion for the full year.
Non-GAAP income from operations is expected to range from $139 million to $143 million for Q4 and $436 million to $440 million for the entire fiscal year, with non-GAAP earnings per share anticipated between $1.44 and $1.48 for Q4 and $4.76 to $4.80 for the full year.
Frequently Asked Questions
What key developments did MongoDB highlight in its Q3 2026 results?
MongoDB emphasized significant revenue growth, customer acquisition, and executive leadership changes, alongside improved financial metrics.
How much revenue did MongoDB report for Q3 2026?
The company reported total revenue of $628.3 million, reflecting a 19% growth year-over-year.
What is the significance of MongoDB's Atlas revenue growth?
Atlas revenue grew by 30% year-over-year, contributing significantly to the total revenue of the company, showcasing its intelligent data platform's effectiveness in meeting customer needs.
What changes in leadership occurred at MongoDB recently?
CJ Desai was appointed as the new President and Chief Executive Officer, succeeding long-time CEO Dev Ittycheria.
What guidance did MongoDB provide for the upcoming quarters?
For Q4 2026, MongoDB expects revenue between $665 million to $670 million and is optimistic for continued growth and expansion.
