MDB · MongoDB, Inc.

MongoDB's Q1 FY2027 results reflect a strong start to the fiscal year, with total revenue of $687.6 million, up 25% year-over-year, driven by Atlas revenue growth of over 29% and Enterprise Advanced & other revenue growth of more than 13%. The company achieved GAAP net income of $4.4 million, a significant improvement from a net loss of $37.6 million in the prior year, while non-GAAP income from operations rose to $123.2 million from $87.4 million, demonstrating expanding profitability. Non-GAAP gross margin held steady at 74%, and GAAP gross margin improved to 72% from 71%. Operating cash flow nearly doubled to $201.6 million, and free cash flow reached $197.5 million, up from $105.9 million, underscoring strong cash generation. Remaining performance obligations (RPO) surged 88% to $1,458.6 million, and current RPO grew 69% to $766.3 million, signaling robust future revenue visibility. Management commentary highlighted better-than-expected results driven by strong end-market demand and AI opportunities, and the company raised its full-year fiscal 2027 revenue guidance to $2.92-$2.96 billion. Q2 FY2027 revenue is guided to $729-$734 million, with non-GAAP income from operations expected between $152 million and $156 million. The company also noted recent business highlights including the acquisition of Clarity Business Solutions to strengthen its US Federal vertical, new platform capabilities for AI production deployment, and key leadership appointments. Overall, MongoDB's Q1 results and raised guidance reflect durable growth momentum, expanding margins, and strong cash flow, positioning the company well for the remainder of fiscal 2027.