Mongodb, Inc. ( (MDB) ) has released its Q1 earnings. Here is a breakdown of the information Mongodb, Inc. presented to its investors.
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MongoDB, Inc. is a leading provider of a globally distributed database platform, offering solutions for operational data, search, real-time analytics, and AI-powered retrieval, catering to a wide range of industries.
In its first quarter of fiscal 2026, MongoDB reported a total revenue of $549 million, marking a 22% increase compared to the previous year. The company also added 2,600 new customers, bringing its total customer base to over 57,100.
Key financial highlights include a 26% year-over-year increase in MongoDB Atlas revenue, which now constitutes 72% of the total quarterly revenue. The company also announced an $800 million increase in its share repurchase program, raising the total buyback authorization to $1 billion. Despite a net loss of $37.6 million, the company showed a significant improvement from the previous year’s loss of $80.6 million, with non-GAAP net income reaching $86.3 million.
Strategically, MongoDB launched new AI retrieval models and a public preview of its Model Context Protocol Server, enhancing its offerings for AI-powered applications. The appointment of Mike Berry as the new CFO is expected to bolster the company’s financial strategy.
Looking ahead, MongoDB’s management is optimistic about leveraging its modern architecture to drive profitable growth, particularly in the realm of cloud-native and AI-driven applications, as reflected in its guidance for the second quarter and full fiscal year 2026.