MongoDB Inc.
MongoDB Reports Strong Q4 and FY2024 Financial Results
Summary
MongoDB, Inc. announced robust financial results for Q4 and full year FY2024, with total revenue of $458.0 million for Q4, a 27% increase year-over-year, and $1.68 billion for FY2024, a 31% increase. MongoDB Atlas revenue grew by 34% year-over-year, contributing 68% of total Q4 revenue. The company reported a net loss of $55.5 million for Q4, but non-GAAP net income was $71.1 million, or $0.86 per share. MongoDB also provided guidance for Q1 and full year FY2025, indicating continued growth expectations.
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About MongoDB Inc.
MongoDB Inc. is a leading provider of modern database platforms designed for broad applicability across a variety of use cases. The company is renowned for its flagship product, MongoDB, a NoSQL database program that is open-source and offers a flexible data model, scalability, and developer focused performance. MongoDB’s architecture supports both small to enterprise-scale applications, accommodating a wide range of deployment options from cloud to on-premises environments. MongoDB Atlas, the fully-managed global cloud database service offered by the company, simplifies database operation and automates time-consuming administration tasks such as hardware provisioning and backup. This product suite is integral across various industries including finance, healthcare, and telecommunications, facilitating seamless integration of complex data processing. MongoDB Inc., headquartered in New York City, plays a crucial role in helping organizations transition to agile database management systems, emphasizing speed and flexibility for application developers across the globe.
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