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Highlights

  • Total revenue increased 24% year-over-year to $591.4 million in Q2 fiscal 2026.
  • Atlas revenue growth accelerated to 29% and over 5,000 customers were added year-to-date.
  • Company reported positive operating cash flow and $2.3 billion in total liquidity.

MongoDB, Inc. (NASDAQ: MDB) reported results for the second quarter ended July 31, 2025, with revenue expansion led by subscription sales and continued margin improvement on a non-GAAP basis. Total revenue for the quarter was $591.4 million, up 24% from the comparable period a year earlier. Subscription revenue accounted for $572.4 million, a 23% increase year-over-year; services revenue was $19.0 million, up 33%.

Gross profit for the quarter was $420.0 million, representing a 71% GAAP gross margin, down slightly from 73% a year ago. On a non-GAAP basis, gross profit was $436.4 million, or a 74% non-GAAP gross margin versus 75% in the prior year. The company recorded a loss from operations of $65.3 million, an improvement from a $71.4 million operating loss in the year-ago period. Non-GAAP income from operations was $86.8 million, compared to $52.5 million a year earlier.

Net loss attributable to MongoDB was $47.0 million, or $0.58 per share, based on 81.1 million weighted-average shares outstanding. This compared with a net loss of $54.5 million, or $0.74 per share, in the second quarter of the prior fiscal year. On a non-GAAP basis, MongoDB reported net income of $87.2 million, or $1.00 per diluted share, versus a non-GAAP net loss of $59.0 million, or $(0.70) per share, in the prior year period.

Liquidity remained a focal point in the quarter. As of July 31, 2025, MongoDB held $2.3 billion in cash, cash equivalents, short-term investments and restricted cash. Operating activities generated $72.1 million of cash during the quarter, turning positive from a use of $1.4 million in the year-ago quarter. Capital expenditures were modest at $0.5 million, and principal payments on finance leases totalled $1.7 million, resulting in free cash flow of $69.9 million versus negative free cash flow of $4.0 million in the prior period.

Management highlighted customer traction and product adoption. Dev Ittycheria, President and Chief Executive Officer of MongoDB, said: "MongoDB delivered strong second quarter results across the board, highlighted by Atlas revenue growth accelerating to 29% and adding over 5,000 customers year-to-date, the highest ever in the first half of the year. We also delivered meaningful margin outperformance as we executed on our plan to drive profitable growth. Reflecting this strength, we are raising our guidance on the top and bottom line for the rest of the year."

He added: "These results reflect the strength of MongoDB's platform – our flexible document model, expanded database capabilities like search and vector search, enterprise-grade security, durability, availability, performance, and the ability to run anywhere. Many of our recently added customers are building AI applications, underscoring how our value proposition is resonating in the AI era and why MongoDB is emerging as a key component of the AI infrastructure stack."

Analysts will likely focus on sustained Atlas expansion, margin conversion from subscription scale, and the company’s ability to convert AI-era interest into long-term revenue and cash flow.