AI-extracted from the 10-Q filed 2026-09-01 — Q2 FY2027 (quarter ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
MongoDB reported Q2 revenue of $771.8M (+30% YoY), driven by 31% subscription growth and 122% net ARR expansion, achieving $40.9M net income after prior-year loss.
Biggest Revenue Drivers
Subscription$747.1M+31% YoY
Increased consumption of Atlas by large existing customers and growth in MongoDB Enterprise Advanced, reflecting ongoing expansion within the customer base.
Services$24.6M+29% YoY
Consulting and training services supporting customer adoption and deployment of the platform.
Biggest Revenue Drivers
Total revenue: $771.8M+30% YoY
Subscription$747.1M+31% YoY
Increased consumption of Atlas by large existing customers and growth in MongoDB Enterprise Advanced, reflecting ongoing expansion within the customer base.
Within Subscription
Atlas-related$565.9M+29% YoY
Continued growth in Atlas customers (69,300+ as of July 31, 2026) driven by both new and existing customers expanding workloads.
MongoDB Enterprise Advanced and other$181.2M+36% YoY
Enterprise subscription offerings for on-premises and hybrid deployments, representing 21% of subscription revenue.
Services$24.6M+29% YoY
Consulting and training services supporting customer adoption and deployment of the platform.
Largest Expense Items
Cost of subscription revenue$174.3M+25% YoY
$31.4M increase in third-party cloud infrastructure costs from Atlas growth, partially offset by cost efficiencies in scaling.
Sales and marketing$253.1M+4% YoY
$5.2M increase in in-person events and digital marketing, $4.6M increase in commissions.
Research and development$213.9M+18% YoY
$16.7M increase in personnel costs and stock-based compensation, $8.1M in third-party infrastructure for product development, $7.0M in AI tools.
General and administrative$74.4M+25% YoY
$14.2M increase in personnel costs and stock-based compensation.
Margins: Gross margin improved to 74% from 71%, primarily due to a shift in subscription revenue mix toward MongoDB Enterprise Advanced and cost efficiencies from scaling Atlas infrastructure. Subscription gross margin expanded to 77% while maintaining operational leverage despite continued investments in R&D and sales.
Watch Items from the Filing
Multiple securities class action and derivative lawsuits pending against Company, former executives for alleged material misstatements regarding sales strategy and financial results (filed July 2024-July 2026). Company unable to estimate reasonably possible loss; motion for reconsideration pending in Securities Action.
Atlas revenue concentration risk: Atlas represents 73% of total revenue (74% in prior-year Q2), with usage-based billing creating visibility challenges. Customer usage fluctuations and seasonality may increase revenue unpredictability.
Customer concentration and retention dependency: 2,999 customers with $100K+ ARR as of July 31, 2026 (2,564 prior year). Net ARR expansion of 122% demonstrates strong land-and-expand, but dependent on macroeconomic conditions and customer budgets.
Accumulated deficit of $1,866.5M as of July 31, 2026; Company expects to continue incurring operating losses and may require additional capital. Full valuation allowance maintained on U.S. deferred tax assets, but Company believes sufficient positive evidence may emerge within 12 months for reversal.
Cloud infrastructure capacity commitments to AWS, Microsoft Azure, and GCP require fixed payments irrespective of actual usage, creating operating leverage risk if usage declines or growth slows.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Desai Chirantan JitendraPresident & CEOShares withheld for tax or exercise price · Jul 1, 2026
Dsouza FranciscoDirectorGrant or award · Jun 30, 2026
Lewnes AnnDirectorGrant or award · Jun 30, 2026
Killalea Peter ThomasDirectorGrant or award · Jun 30, 2026
Congress trading in MDB
15 transactions in MDB reported by 2 members of Congress under the STOCK Act, most recent trade May 14, 2026. Reported transactions, not recommendations.
About MongoDB, Inc. (MDB): stock profile, AI score and financials
MongoDB, Inc. (MDB) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores MDB at 68.7/100 on a composite quality score built from its SEC filings, placing it at rank #288 of 2,925 stocks — the top 10% of the AI-ranked universe. MDB scores in the top quartile across earnings quality (94.3), institutional flow (88.2), revenue growth (83.9). Shareholder dilution risk is elevated at 7.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2027), MongoDB, Inc. reports quarterly revenue of $771.8M, net income of $40.9M, an operating margin of 3.7%. Top institutional holders of MDB by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, FMR, based on the most recent SEC filings. MDB trades on the Nasdaq exchange and files with the SEC under CIK 1441816. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MDB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for MongoDB, Inc. directly from SEC EDGAR.