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MongoDB (MDB) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 2, 2025
MongoDB (MDB) reported revenue of $628M for the third quarter fiscal 2026 (Q3 FY26), +19% from a year earlier and +6% from the quarter before. Operating margin was -2.9%, net loss $2.0M (0.3% of revenue).
MongoDB, Q3 FY26: revenue $628M (+19% year over year), operating margin -2.9%, net loss $2.0M, operating cash flow $144M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $628M | +6% | +19% |
| Operating profit | −$18.4M | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $144M | +99% | +283% |
| Free cash flow | $142M | +98% | +300% |
What changed
Revenue was $628.3M in Q3 FY26, up 19% year over year and up 6% from the previous quarter. MongoDB Atlas-related was the largest line at 75% of revenue. MongoDB Atlas-related added $107.8M year over year (up 30%), 109% of the total change. Other subscription declined 7%.
Gross margin was 71.5%, down 3.0 points from a year earlier. Operating costs exceeded revenue by $18.4M, an operating margin of -2.9%. Operating expenses grew 11% against revenue growth of 19%. The fastest-growing cost line was Research & development (+17%). The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $47.0M loss. Non-operating items added $19.8M, 1465% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $143.5M (up 283% year over year). Non-cash charges added back $5.7M of depreciation and amortization and $133.6M of share-based compensation. Capital expenditures of $1.7M left free cash flow of $141.8M.
Questions
What was MongoDB's revenue in the third quarter fiscal 2026?
MongoDB (MDB) reported revenue of $628M for the third quarter fiscal 2026 (Q3 FY26), +19% from a year earlier and +6% from the quarter before.
Was MongoDB profitable in the third quarter fiscal 2026?
Operating loss was $18.4M (-2.9% of revenue) and net loss $2.0M.
Source: MongoDB 10-Q on SEC EDGAR.