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MongoDB (MDB) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed May 29, 2026
MongoDB (MDB) reported revenue of $688M for the first quarter fiscal 2027 (Q1 FY27), +25% from a year earlier and -1% from the quarter before. Operating margin was -3.6%, net earnings $4.4M (0.6% of revenue).
MongoDB, Q1 FY27: revenue $688M (+25% year over year), operating margin -3.6%, net earnings $4.4M, operating cash flow $202M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $688M | -1% | +25% |
| Operating profit | −$24.8M | -8259% | — |
| Net earnings | $4.4M | -71% | — |
| Operating cash flow | $202M | +12% | +83% |
| Free cash flow | $198M | — | — |
What changed
Revenue was $687.6M in Q1 FY27, up 25% year over year and down 1% from the previous quarter. Atlas-related was the largest line at 75% of revenue. Atlas-related added $116.6M year over year (up 29%), 84% of the total change.
Gross margin was 72.2%, up 0.9 points from Q1 FY26. Operating costs exceeded revenue by $24.8M, an operating margin of -3.6%. Operating expenses grew 17% against revenue growth of 25%. The fastest-growing cost line was General & admin (+30%). Net earnings were $4.4M. The effective tax rate was 49.6%. Non-operating items added $33.6M, 382% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $201.6M (up 83% year over year), 4547% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $137.8M of share-based compensation. Working capital and other items added $53.8M. After capital expenditures ($2.3M) and principal payments of finance leases ($1.8M), free cash flow as the company reports it was $197.5M.
Questions
What was MongoDB's revenue in the first quarter fiscal 2027?
MongoDB (MDB) reported revenue of $688M for the first quarter fiscal 2027 (Q1 FY27), +25% from a year earlier and -1% from the quarter before.
Was MongoDB profitable in the first quarter fiscal 2027?
Operating loss was $24.8M (-3.6% of revenue) and net earnings $4.4M.
Source: MongoDB 10-Q on SEC EDGAR.