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MongoDB | 8-K: MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2024 Financial Results

SEC announcement ·  Mar 7 16:16
Summary by Moomoo AI
On March 7, 2024, MongoDB, Inc. released its financial results for the fourth quarter and full fiscal year ended January 31, 2024. The report highlighted a 27% year-over-year increase in total revenue for the quarter, reaching $458.0 million, and a 31% increase for the full year, totaling $1.68 billion. MongoDB's Atlas revenue grew by 34% year-over-year, accounting for 68% of the total Q4 revenue. The company also reported a gross profit of $343.4 million for Q4, maintaining a 75% gross margin, and a full-year gross profit of $1.26 billion with a 75% gross margin. Despite these gains, MongoDB experienced a net loss of $55.5 million, or $0.77 per share, for Q4, and a net loss of $176.6 million, or $2.48 per share, for the full year. However, non-GAAP net income was reported at $71.1 million...Show More
On March 7, 2024, MongoDB, Inc. released its financial results for the fourth quarter and full fiscal year ended January 31, 2024. The report highlighted a 27% year-over-year increase in total revenue for the quarter, reaching $458.0 million, and a 31% increase for the full year, totaling $1.68 billion. MongoDB's Atlas revenue grew by 34% year-over-year, accounting for 68% of the total Q4 revenue. The company also reported a gross profit of $343.4 million for Q4, maintaining a 75% gross margin, and a full-year gross profit of $1.26 billion with a 75% gross margin. Despite these gains, MongoDB experienced a net loss of $55.5 million, or $0.77 per share, for Q4, and a net loss of $176.6 million, or $2.48 per share, for the full year. However, non-GAAP net income was reported at $71.1 million for Q4 and $274.2 million for the full year. MongoDB ended the fiscal year with $2.0 billion in cash and equivalents and generated $54.6 million in cash from operations in Q4. The company also provided guidance for the first quarter and full year fiscal 2025, projecting revenue between $436.0 million to $440.0 million for Q1 and $1.90 billion to $1.93 billion for the full year. MongoDB's President and CEO, Dev Ittycheria, expressed confidence in the company's growth trajectory and its role in modern application development, particularly with the integration of artificial intelligence.

This announcement is a separate document:

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