NASDAQ$MDB
MongoDB Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
MongoDB's Q3 2023 results were released, showing strong revenue growth and customer acquisition.
MongoDB announced strong third quarter results with a 47% year-over-year increase in total revenue, reaching $333.6 million. MongoDB Atlas revenue grew by 61% year-over-year and represented 63% of total Q3 revenue. The company continued to experience strong customer growth, with over 39,100 customers as of October 31, 2022.
- Total revenue for Q3 2023 reached $333.6 million, a 47% increase year-over-year.
- MongoDB Atlas revenue grew by 61% year-over-year, accounting for 63% of total Q3 revenue.
- The company has over 39,100 customers as of October 31, 2022.
- Non-GAAP income from operations was $19.8 million, compared to $6.3 million in the year-ago period.
Headline financials
Revenue & EPS history
MongoDB · Revenue · Quarterly
$334M
Revenue by segment
MongoDB · $334M total across 2 segments · Q3 2023
- Subscription$321M—96.1%
- Services$12.9M+43.0%3.9%
Forward guidance
MongoDB is issuing financial guidance for the fourth quarter and full year fiscal 2023.
Tailwinds
- Revenue is expected to be between $334 million and $337 million for the fourth quarter of fiscal 2023.
- Full year fiscal 2023 revenue is projected to be between $1.257 billion and $1.260 billion.
- Non-GAAP income from operations is expected to be between $6 million and $8 million for Q4 2023.
- Full year non-GAAP income from operations is projected to be between $30.8 million and $32.8 million.
- Non-GAAP net income per share is expected to be between $0.06 and $0.08 for the fourth quarter of fiscal 2023.
Headwinds
- Fluctuations in MongoDB’s operating results may be particularly pronounced due to adverse macroeconomic conditions.
- Continuing uncertainty caused by the COVID-19 pandemic may impact MongoDB's operating results.
- 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.
- Variability of charges such as stock-based compensation expense may have a significant and unpredictable impact on future GAAP financial results.
- The situation regarding both the adverse macroeconomic environment and the COVID-19 pandemic remains uncertain and could change rapidly.
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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro