NASDAQ$MDB
MongoDB Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
MongoDB's first quarter results for fiscal year 2023 were announced, featuring revenue growth and strong customer acquisition.
MongoDB reported a strong first quarter for fiscal year 2023, with total revenue of $285.4 million, a 57% increase year-over-year. The growth was primarily driven by an 82% increase in MongoDB Atlas revenue, which now accounts for 60% of total revenue. MongoDB ended the quarter with over 35,200 customers.
- Total revenue reached $285.4 million, representing a 57% year-over-year increase.
- MongoDB Atlas revenue grew by 82% year-over-year and accounted for 60% of total revenue.
- The company has over 35,200 customers as of April 30, 2022.
- Non-GAAP income from operations was $17.5 million, compared to a non-GAAP loss of $2.8 million in the year-ago period.
Headline financials
Revenue & EPS history
MongoDB · Revenue · Quarterly
$285M
Revenue by segment
MongoDB · $285M total across 2 segments · Q1 2023
- Subscription$275M+57.3%96.2%
- Services$10.9M+53.5%3.8%
Forward guidance
MongoDB is issuing financial guidance for the second quarter and full year fiscal 2023. This guidance includes an estimated negative revenue impact of $4-5 million in the second quarter and $30-35 million for the full year fiscal 2023 due to the current global macroeconomic environment.
Tailwinds
- Second Quarter Fiscal 2023 Revenue: $279.0 million to $282.0 million
- Full Year Fiscal 2023 Revenue: $1,172.0 million to $1,192.0 million
- Second Quarter Fiscal 2023 Non-GAAP Income (Loss) from Operations: ($18.0) million to ($16.0) million
- Full Year Fiscal 2023 Non-GAAP Income (Loss) from Operations: ($9.0) million to $1.0 million
- Second Quarter Fiscal 2023 Non-GAAP Net Loss per Share: ($0.31) to ($0.28)
Headwinds
- Full Year Fiscal 2023 Non-GAAP Net Loss per Share: ($0.31) to ($0.16)
- The guidance includes our estimate of $4-5 million negative revenue impact in the second quarter from the current global macroeconomic environment
- The guidance includes our estimate of $30-35 million negative revenue impact for the full year fiscal 2023 from the current global macroeconomic environment
- Fluctuations in MongoDB’s operating results may be particularly pronounced in the current economic environment due to the current volatility in the global economy and the continuing uncertainty caused by the ongoing COVID-19 pandemic.
- Reconciliation of non-GAAP income (loss) from operations and non-GAAP net income (loss) per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+4.1%
Avg return
Earnings day
+5.6%
Avg return
5 days after
+5.6%
Avg return
30 days after
68%
23 / 34 earnings
Positive
+37.7%
Q2 2026
Best reaction
-29.3%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | — | — | — | |
| Q4 2026 | +5.8% | -16.8% | -22.1% | |
| Q3 2026 | +5.1% | +24.6% | +27.6% | |
| Q2 2026 | +37.7% | +47.2% | +48.6% | |
| Q1 2026 | +12.7% | +6.7% | +5.8% | |
| Q4 2025 | -26.9% | -25.9% | -41.5% | |
| Q3 2025 | -15.3% | -22.2% | -27.6% | |
| Q2 2025 | +23.5% | +20.3% | +14.5% | |
| Q1 2025 | -29.3% | -30.5% | -25.2% | |
| Q4 2024 | -6.4% | -10.0% | -11.4% | |
| Q3 2024 | -8.4% | -9.7% | -14.3% | |
| Q2 2024 | +4.6% | +5.0% | -7.9% | |
| Q1 2024 | +28.1% | +31.9% | +39.9% | |
| Q4 2023 | -6.3% | -9.8% | -3.5% | |
| Q3 2023 | +19.9% | +28.9% | +15.8% | |
| Q2 2023 | -27.1% | -26.0% | -40.0% | |
| Q1 2023 | +20.9% | +15.8% | +13.4% | |
| Q4 2022 | +19.3% | +13.0% | +53.0% | |
| Q3 2022 | +11.0% | +12.8% | -4.8% | |
| Q2 2022 | +29.0% | +24.5% | +20.6% | |
| Q1 2022 | +9.6% | +11.4% | +25.9% | |
| Q4 2021 | +2.6% | +11.5% | +3.4% | |
| Q3 2021 | -0.2% | +21.2% | +25.4% | |
| Q2 2021 | -11.5% | -14.4% | -6.5% | |
| Q1 2021 | -15.4% | -13.8% | -3.8% | |
| Q4 2020 | +6.8% | +21.8% | +55.6% | |
| Q3 2020 | -1.5% | -2.1% | +6.9% | |
| Q2 2020 | +0.3% | -12.4% | -12.5% | |
| Q1 2020 | +6.9% | +24.7% | +12.8% | |
| Q4 2019 | +24.8% | +31.6% | +36.2% | |
| Q3 2019 | +6.8% | -0.7% | -10.7% | |
| Q2 2019 | +6.8% | +13.1% | -1.2% | |
| Q1 2019 | +0.7% | +9.4% | +5.4% | |
| Q4 2018 | +3.0% | -0.6% | +1.8% | |
| Q3 2018 | +1.8% | +9.5% | +10.2% | |
| Q2 2018 | — | — | — | |
| Q1 2018 | — | — | — | |
| Q4 2016 | — | — | — | |
| Q3 2016 | — | — | — | |
| Q2 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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