MongoDB Inc (0KKZ.L) Q1 2026 Earnings Report

MongoDB delivered QQ1 2026 results showing meaningful topline growth alongside ongoing investments in product development and go-to-market activities. Revenue reached $549.0 million, up 21.85% year over year, underscoring the platform’s continued demand for the cloud-native MongoDB Atlas DBaaS across multi-cloud environments. However, operating profitability remained negative as the company continues to fund R&D and SG&A expansion to accelerate ARR growth and customer acquisition. The quarter produced positive operating cash flow and free cash flow of $109.9 million, supported by a robust balance sheet and a sizable net cash position. The combination of healthy cash generation and a strong balance sheet provides a cushion for continued platform investment, though investors should monitor the trajectory of profitability as scale accelerates. Management commentary is expected to emphasize Atlas adoption, multi-cloud strategy, and enterprise migrations, which are critical longer-term growth levers for MongoDB.