MongoDB Inc.
MongoDB Reports Q1 FY2025 Results
Summary
MongoDB, Inc. reported its financial results for the first quarter of fiscal 2025, showing total revenue of $450.6 million, a 22% increase year-over-year. The company saw 32% growth in MongoDB Atlas revenue and over 49,200 customers as of April 30, 2024. MongoDB generated $63.6 million of cash from operations, leading to free cash flow of $61.0 million. The company also provided guidance for the second quarter and full year fiscal 2025.
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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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