MongoDB Inc
F:526
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
M
|
MongoDB Inc
F:526
|
US |
MongoDB Inc
MongoDB builds database software that helps companies store, organize, and search large amounts of data. Its core product is MongoDB, a database designed to handle data in a flexible, document-style format that is easier for developers to work with than a traditional fixed-table database. The company sells both cloud-hosted and self-managed versions of this software. Its main customers are software teams and businesses building websites, apps, and internal systems that need to move and change quickly. MongoDB makes money mostly by charging subscriptions for its cloud database service, Atlas, and for enterprise software and support. Atlas is the biggest entry point for many customers because it lets them run the database without managing the servers themselves. What makes MongoDB different is that it sits close to the application development process. Developers often choose it when they want to ship software faster and handle changing data more easily. That gives MongoDB a role as the database layer for modern application teams, rather than a general-purpose software vendor.
MongoDB builds database software that helps companies store, organize, and search large amounts of data. Its core product is MongoDB, a database designed to handle data in a flexible, document-style format that is easier for developers to work with than a traditional fixed-table database. The company sells both cloud-hosted and self-managed versions of this software.
Its main customers are software teams and businesses building websites, apps, and internal systems that need to move and change quickly. MongoDB makes money mostly by charging subscriptions for its cloud database service, Atlas, and for enterprise software and support. Atlas is the biggest entry point for many customers because it lets them run the database without managing the servers themselves.
What makes MongoDB different is that it sits close to the application development process. Developers often choose it when they want to ship software faster and handle changing data more easily. That gives MongoDB a role as the database layer for modern application teams, rather than a general-purpose software vendor.
Beat and raise: MongoDB reported Q1 revenue of $688 million, up 25% year over year, beating the high end of guidance and raising its full-year outlook.
Atlas strength: Atlas grew more than 29% year over year for the fourth straight quarter, with $117 million in year-over-year dollar growth and stronger-than-expected consumption.
AI momentum: Management said AI adoption is accelerating across the base, with rising MCP server usage, more than doubling Voyage customers, and vector search growth outpacing the company overall.
Margin gains: Operating margin reached 18%, above guidance, and the company now expects full-year operating margin expansion of 100 to 150 basis points.
Guidance raised: Full-year revenue guidance was lifted to 23% to 25% growth, with Q2 revenue guided to $729 million to $734 million.
Strategic moves: MongoDB acquired Clarity Business Solutions to expand in U.S. federal, and management highlighted new product and go-to-market leadership hires as part of the growth plan.
