Business
MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2022 Financial Results
Fourth Quarter Fiscal 2022 Total Revenue of $266.5 million, up 56% Year-over-Year Full Year Fiscal 2022 Total Revenue of $873.8 million, up 48% Year-over-Year
About this update from Mongodb, Inc.
[{"type":"text","content":"Fourth Quarter Fiscal 2022 Total Revenue of $266.5 million, up 56% Year-over-Year\n Full Year Fiscal 2022 Total Revenue of $873.8 million, up 48% Year-over-Year\n Continued Strong Customer Growth with Over 33,000 Customers as of January 31, 2022\n MongoDB Atlas Revenue up 85% Year-over-Year; 58% of Total Q4 Revenue\n\n\nNEW YORK, March 8, 2022 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced its financial results for the fourth quarter and fiscal year ended January 31, 2022. \n\n \n \n \n \n \n \n\n \n\"MongoDB delivered exceptional fourth quarter results, highlighted by delivering 85% Atlas revenue growth and surpassing $1 billion in annualized revenue. Our success is being driven by the fact that our modern application data platform dramatically reduces friction in the development process to make it incredibly easy for developers to build compelling applications that create a competitive advantage,\" said Dev Ittycheria, President and Chief Executive Officer of MongoDB.\n\"We enter fiscal 2023 having established MongoDB as the leading application data platform used to build new and modernize existing applications. Our strong growth in six and seven figure customers is evidence that customers increasingly view MongoDB as a strategic platform. We are confident in our ability to capitalize on our $70B+ market opportunity and deliver strong growth for the foreseeable future.\"\nFourth Quarter Fiscal 2022 Financial Highlights\nRevenue: Total revenue was $266.5 million in the fourth quarter fiscal 2022, an increase of 56% year-over-year. Subscription revenue was $258.2 million, an increase of 58% year-over-year, and services revenue was $8.3 million, an increase of 17% year-over-year.Gross Profit: Gross profit was $190.7 million in the fourth quarter fiscal 2022, representing a 72% gross margin, up from a 70% gross margin in the year-ago period. Non-GAAP gross profit was $196.6 million, representing a 74% non-GAAP gross margin.Loss from Operations: Loss from operations was $78.6 million in the fourth quarter fiscal 2022, compared to a loss of $59.4 million in the year-ago period. Non-GAAP loss from operations was $1.3 million, compared to a non-GAAP loss of $16.0 million in the year-ago period.Net Loss: Net loss was $84.4 million, or $1.26 per share, based on 67.0 mi...