Business
MongoDB, Inc. Announces Second Quarter Fiscal 2025 Financial Results
Second Quarter Fiscal 2025 Total Revenue of $478.1 million, up 13% Year-over-Year Continued Strong Customer Growth with Over 50,700 Customers as of July 31,
About this update from Mongodb, Inc.
[{"type":"text","content":"Second Quarter Fiscal 2025 Total Revenue of $478.1 million, up 13% Year-over-Year\nContinued Strong Customer Growth with Over 50,700 Customers as of July 31, 2024\nMongoDB Atlas Revenue up 27% Year-over-Year; 71% of Total Q2 Revenue\nNEW YORK, Aug. 29, 2024 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the second quarter ended July 31, 2024.\n\n \n \n \n \n \n \n\n \n\"MongoDB delivered healthy second quarter results, highlighted by strong new workload acquisition and better-than-expected Atlas consumption trends. Our continued success in winning new workloads demonstrates the critical role MongoDB's platform plays in modern application development,\" said Dev Ittycheria, President and Chief Executive Officer of MongoDB.\n\"We remain excited about our opportunity to continue capturing share in one of the largest markets in software. Today, companies of all sizes and across nearly every industry and geography rely on MongoDB to build the software that helps them run and transform their business. We believe we are incredibly well positioned to help customers incorporate generative AI into their business and modernize their legacy application estate.\"\nSecond Quarter Fiscal 2025 Financial Highlights\nRevenue: Total revenue was $478.1 million for the second quarter of fiscal 2025, an increase of 13% year-over-year. Subscription revenue was $463.8 million, an increase of 13% year-over-year, and services revenue was $14.3 million, a decrease of 1% year-over-year.Gross Profit: Gross profit was $349.9 million for the second quarter of fiscal 2025, representing a 73% gross margin compared to 75% in the year-ago period. Non-GAAP gross profit was $360.8 million, representing a 75% non-GAAP gross margin, compared to a non-GAAP gross margin of 78% in the year-ago period.Loss from Operations: Loss from operations was $71.4 million for the second quarter of fiscal 2025, compared to a loss from operations of $49.0 million in the year-ago period. Non-GAAP income from operations was $52.5 million, compared to non-GAAP income from operations of $79.1 million in the year-ago period.Net Loss: Net loss was $54.5 million, or $0.74 per share, based on 73.5 million weighted-average shares outstanding, for the second quarter of fiscal 2025. This compares to a net loss of $37.6 million, or $0.53 per share, in the y...