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MongoDB (MDB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
MongoDB (MDB) reported revenue of $549M for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and +0.1% from the quarter before. Operating margin was -9.8%, net loss $37.6M (6.9% of revenue).
MongoDB, Q1 FY26: revenue $549M (+22% year over year), operating margin -9.8%, net loss $37.6M, operating cash flow $110M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $549M | +0.1% | +22% |
| Operating profit | −$53.6M | — | — |
| Net earnings | −$37.6M | -338% | — |
| Operating cash flow | $110M | +118% | +73% |
| Free cash flow | $106M | — | +74% |
What changed
Revenue was $549.0M in Q1 FY26, up 22% year over year and roughly flat from the previous quarter. MongoDB Atlas-related was the largest line at 72% of revenue. MongoDB Atlas-related added $82.0M year over year (up 26%), 83% of the total change.
Gross margin was 71.2%, down 1.6 points from a year earlier. Operating costs exceeded revenue by $53.6M, an operating margin of -9.8%. Operating expenses grew 4% against revenue growth of 22%. The fastest-growing cost line was Research & development (+16%). The quarter ended with a net loss of $37.6M, after a profit of $15.8M the previous quarter. Non-operating items added $20.2M, -61% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $109.9M (up 73% year over year). Non-cash charges added back $5.3M of depreciation and amortization and $132.4M of share-based compensation. Working capital and other items added $9.8M. After principal payments of finance leases ($2.4M) and capital expenditures ($1.6M), free cash flow as the company reports it was $105.9M.
Questions
What was MongoDB's revenue in the first quarter fiscal 2026?
MongoDB (MDB) reported revenue of $549M for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and +0.1% from the quarter before.
Was MongoDB profitable in the first quarter fiscal 2026?
Operating loss was $53.6M (-9.8% of revenue) and net loss $37.6M.
Source: MongoDB 10-Q on SEC EDGAR.