MongoDB Q4 Revenue Rises 27% as Atlas Surpasses $2B Run-Rate
MongoDB posted fiscal Q4 revenue of $695 million, up 27% year-over-year, with Atlas revenue growing 29% to cross a $2 billion run-rate. It delivered net income of $143 million and non-GAAP operating income of $159 million (23% margin), and guided fiscal 2027 revenue of $2.86–2.9 billion.
1. Financial Results Overview
MongoDB’s fiscal fourth-quarter revenue reached $695 million, a 27% increase year-over-year, driven by net income of $143 million and non-GAAP operating income of $159 million, yielding a 23% operating margin and marking the first quarter with positive GAAP operating income.
2. Atlas Revenue Milestones
Atlas revenue grew 29% year-over-year, crossing the $2 billion annualized run-rate for the first time and generating $114 million in net new ARR, supported by strong adoption among large customers in North America and Europe.
3. Non-Atlas Performance and Customers
The non-Atlas segment posted 20% revenue growth, its strongest in two years, boosted by major enterprise transactions including over $100 million EA deal and approximately $90 million Atlas deal. Remaining performance obligations rose 97% to $1.47 billion, while customers with at least $1 million ARR increased 26%.
4. Fiscal 2027 Outlook and Leadership Changes
For fiscal 2027, MongoDB guided revenue of $2.86–2.9 billion (16–18% growth), plans to expand operating margin by 100 basis points and commit all free cash flow to buybacks; leadership changes include Erica Volini as Chief Customer Officer and departures of the CRO and President of Field Operations.