MongoDB Q1 Revenue Rises 25% to $687.6M, Atlas Growth Drives Margins
MDB•MongoDB posted 1Q27 revenue of $687.6M, up 25% year-on-year, driven by Atlas which now accounts for 77% of subscription revenue and grew 29% year-on-year. cRPO jumped 69%, bolstering the 12-month sales pipeline and supporting margin improvement and profitability prospects.
1. Q1 Financial Highlights
MongoDB reported 1Q27 revenue of $687.6M, up 25% year-on-year, and EPS of $1.32, surpassing the prior-year $1.00 and analyst forecasts, underscoring robust top-line and profitability gains.
2. Atlas Growth and Margin Impact
Atlas now represents 77% of subscription revenue and expanded 29% year-on-year, serving as the primary growth engine and driving improvements in gross margins and operating leverage.
3. Pipeline Strength and cRPO Surge
Current remaining performance obligation (cRPO) climbed 69% year-on-year, reflecting a strong 12-month contracted pipeline that signals sustained demand and future revenue visibility.
4. Financial Position
The company maintains a debt-to-equity ratio of 0.01 and a current ratio of 4.95, indicating a robust liquidity position to fund continued expansion and innovation initiatives.
