MongoDB Q4 Revenue Jumps 27%, Atlas Tops $2B Run Rate, Guides 21–23% Growth
MongoDB reported Q4 revenue of $695 million, up 27% year over year, with Atlas revenue rising 29% to exceed $2 billion and represent 72% of sales. It secured its largest Enterprise Advanced deal at over $100 million, achieved a 23% operating margin and guided fiscal 2027 revenue to $2.86–2.9 billion.
1. Q4 Results
MongoDB delivered Q4 revenue of $695 million, up 27% year over year, with Atlas revenue rising 29% to surpass $2 billion and account for 72% of total sales. Net ARR expansion improved to 121%, while customer additions reached 2,700 in the quarter and full-year additions rose 60%.
2. Profitability & Cash Flow
Income from operations reached $159 million, translating to a 23% operating margin versus 21% in the prior-year period, alongside positive GAAP operating income. Net income totaled $143 million, or $1.65 per diluted share, and the balance sheet held $2.4 billion in cash and equivalents, with operating cash flow of $180 million and free cash flow of $177 million.
3. Enterprise Deals & Customer Growth
The company secured an approximately $90 million contract with a major technology firm and its largest-ever Enterprise Advanced agreement exceeding $100 million with a financial institution. These deals underscore sizable enterprise traction as customer counts continue to grow.
4. Outlook & Leadership
For fiscal 2027, MongoDB guided revenue to $2.86–2.9 billion, non-GAAP operating income to $545–565 million, and non-GAAP EPS to $5.75–5.93, targeting Atlas growth of 21–23% and Rule of 40 performance. Q1 Atlas growth is expected near 26%, and leadership changes include a new Chief Customer Officer with a Chief Revenue Officer search underway.