Executive Summary
MongoDB reported QQ2 2025 revenue of USD 478.109 million, up 12.82% year-over-year and 6.11% quarter-over-quarter, underscoring continued demand for its database platform despite ongoing investments. Gross profit reached USD 349.856 million, delivering a gross margin of 73.17%, supported by a product mix heavy in Atlas and Enterprise services. The company generated an operating loss of USD 71.44 million and a net loss of USD 54.53 million, with adjusted metrics reflecting substantial investment in growth initiatives, including R&D and go-to-market efforts. Earnings per share stood at a loss of USD 0.74, while stock-based compensation remained a meaningful non-cash driver of opex (USD 122.423 million). финансов
Liquidity remains robust, with USD 1.2909 billion in cash and cash equivalents and a net debt position of about USD -106 million, reflecting ample liquidity to fund Atlas expansion and platform enhancements. The balance sheet shows healthy liquidity indicators (current ratio 4.85; cash ratio 2.39) and a substantial deferred revenue base of USD 307.114 million, implying revenue visibility from existing contracts. Free cash flow remained negative at USD -2.449 million, while net cash provided by financing activities contributed USD 188.036 million, helping to offset operating cash flow weakness. Going forward, MongoDB's trajectory hinges on the strength of Atlas adoption, multi-cloud positioning, and the pace at which operating expenses can be aligned with revenue growth to approach meaningful profitability absent a material shift in the cost base.
Key Performance Indicators
QoQ: 27.24% | YoY:-45.79%
QoQ: 32.34% | YoY:-45.04%
QoQ: 32.73% | YoY:-39.62%
Key Insights
Revenue: USD 478.109 million in QQ2 2025, up 12.82% YoY and 6.11% QoQ. Gross Profit: USD 349.856 million; Gross Margin 73.17% (YoY +9.86%, QoQ +7.59%). Operating Income: USD -71.44 million; Operating Margin -14.94% (YoY -45.79%, QoQ +27.24%). Net Income: USD -54.529 million; Net Margin -11.41% (YoY -45.04%, QoQ +32.34%). EPS: -0.74; EPS Diluted: -0.74; YoY EPS change -39.62%, QoQ +32.73%. EBITDA: USD -42.415 million; EBITDA Margin: -8.87%. Cash Flow: Operating cash flow USD -1.398 million; Capit...
Financial Highlights
Revenue: USD 478.109 million in QQ2 2025, up 12.82% YoY and 6.11% QoQ. Gross Profit: USD 349.856 million; Gross Margin 73.17% (YoY +9.86%, QoQ +7.59%). Operating Income: USD -71.44 million; Operating Margin -14.94% (YoY -45.79%, QoQ +27.24%). Net Income: USD -54.529 million; Net Margin -11.41% (YoY -45.04%, QoQ +32.34%). EPS: -0.74; EPS Diluted: -0.74; YoY EPS change -39.62%, QoQ +32.73%. EBITDA: USD -42.415 million; EBITDA Margin: -8.87%. Cash Flow: Operating cash flow USD -1.398 million; Capital Expenditures USD -1.051 million; Free Cash Flow USD -2.449 million. Net change in cash USD +476.09 million; Cash at end of period USD 1.29248 billion; Cash at beginning USD 0.81639 billion. Balance Sheet: Total assets USD 3.13123 billion; Cash and cash equivalents USD 1.2909 billion; Total debt USD 1.184902 billion; Net debt USD -105.999 million; Deferred revenue USD 307.114 million; Total current assets USD 2.722047 billion; Total current liabilities USD 541.155 million; Total liabilities USD 1.768183 billion; Total stockholders’ equity USD 1.363047 billion. Ratios: Current ratio 4.85; Quick ratio 4.94; Gross margin 73.17%; Operating margin -14.94%; Net margin -11.41%; Revenue YoY growth 12.82%; Revenue QoQ growth 6.11%.
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
478.11M |
12.82% |
6.11% |
| Gross Profit |
349.86M |
9.86% |
7.59% |
| Operating Income |
-71.44M |
-45.79% |
27.24% |
| Net Income |
-54.53M |
-45.04% |
32.34% |
| EPS |
-0.74 |
-39.62% |
32.73% |
Key Financial Ratios
operatingProfitMargin
-14.9%
operatingCashFlowPerShare
$-0.02
freeCashFlowPerShare
$-0.03
priceEarningsRatio
-85.62
Management Commentary
No earnings call transcript provided for QQ2 2025 in the supplied data. Consequently, management quotes and thematic highlights from the QQ2 2025 earnings call are not available for inclusion.
Forward Guidance
There is no explicit forward guidance in the provided data for QQ3 2025 or beyond. MongoDB’s near-term outlook will be shaped by: (1) Atlas platform growth and cross-sell into existing customers, (2) sustained demand for cloud-native data services across multi-cloud environments, (3) the cadence of operating expense growth versus revenue expansion, particularly in R&D and go-to-market spending, and (4) product mix shifts toward higher-margin offerings. Given the current profitability trajectory, investors should monitor: (a) progression toward operating leverage as Atlas adoption scales, (b) improvements in gross-to-operating income conversion, and (c) cash flow stabilization or improvement (free cash flow trajectory) as revenue grows. If Atlas revenue accelerates and cost discipline tightens, the path to sustainable profitability could become clearer in the next several quarters.