Good afternoon and welcome to the MongoDB Third Quarter Fiscal 2021 Earnings Call. Free cash flow represents net cash used in operating activities less capital expenditures, principal repayments of finance lease liabilities and capitalized software development costs, if any. Change in operating assets and liabilities: Proceeds from maturities of marketable securities, Net cash provided by (used in) investing activities, Payments of issuance costs for convertible senior notes, Proceeds from exercise of stock options, including early exercised      stock options, Proceeds from the issuance of common stock under the Employee      Stock Purchase Plan, Repurchase of early exercised stock options, Proceeds from tenant improvement allowance on finance lease, Net cash provided by financing activities, Effect of exchange rate changes on cash, cash equivalents, and restricted      cash, Net increase (decrease) in cash, cash equivalents, and restricted cash, Cash, cash equivalents, and restricted cash, beginning of period, Cash, cash equivalents, and restricted cash, end of period, MONGODB, INC. RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES(in thousands, except share and per share data)(unaudited). 53 %. MONGODB, INC. MongoDB, Inc. (NASDAQ: MDB), the leading modern, general purpose database platform, today announced it will report its third quarter fiscal year … The situation regarding COVID-19 remains uncertain and could change rapidly, and MongoDB will continue to evaluate its potential impact on its business. MongoDB uses free cash flow to understand and evaluate its liquidity and to generate future operating plans. MongoDB revenue for the twelve months ending July 31, 2020 was $0.502B, a 44.95% increase year-over-year. 4/30/2019. Dev Ittycheria — President and Chief Executive Officer. MongoDB will host a conference call today, December 8, 2020, at 5:00 p.m. (Eastern Time) to discuss its financial results and business outlook. Find the latest Revenue (TTM) for MongoDB, Inc. (MDB) The strength of our product platform and go-to-market execution has established MongoDB as a key strategic partner for any organization looking to innovate quickly to seize new opportunities or to respond to new threats," said Dev Ittycheria, President and Chief Executive Officer of MongoDB. Reconciliation of non-GAAP loss from operations and non-GAAP net loss per share guidance to the most directly comparable GAAP measures is not available without unreasonable efforts on a forward-looking basis due to the high variability, complexity and low visibility with respect to the charges excluded from these non-GAAP measures; in particular, the measures and effects of stock-based compensation expense specific to equity compensation awards that are directly impacted by unpredictable fluctuations in our stock price. Accounts receivable, net of allowance for doubtful accounts of $4,710 and $2,515 as of October 31, Class A common stock, par value of $0.001 per share; 1,000,000,000 shares authorized as of October, Class B common stock, par value of $0.001 per share; no shares and 100,000,000 authorized as of. These forward-looking statements reflect our current views about our plans, intentions, expectations, strategies and prospects, which are based on the information currently available to us and on assumptions we have made. Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of $146.1 Million. This press release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements concerning our financial guidance for the fourth fiscal quarter and full year fiscal 2021; the anticipated impact of the COVID-19 pandemic on our business and future operating results; and the potential benefits of our product platform. Institutional investors have recently modified their holdings of the business. These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ("SEC"), including under the caption "Risk Factors" in our Quarterly Report on Form 10-Q for the quarter ended July 31, 2020 filed with the SEC on September 3, 2020. Reconciliation of GAAP net loss to non-GAAP net loss: Amortization of intangible assets and Founder Holdback associated with acquisitions, Non-cash interest expense related to convertible senior notes, Non-recurring income tax benefit associated with the acquisition of Realm intangible assets. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Do the numbers hold clues to what lies ahead for the stock? And we had another strong quarter of customer growth, ending the quarter with over 17,000 customers. The following table presents certain supplemental revenue information as of the periods indicated: 7/31/2018. * mongodb inc says ceo dev ittycheria's fy 2020 total compensation was $9.4 million versus $6.0 million in fy 2019 - sec filing BRIEF-Mongodb Reports Q4 Loss Per Share Of $1.10 * MONGODB, INC. The following table presents certain customer count information as of the periods indicated: Direct Sales Customers are customers that were sold through our direct sales force and channel partners. Prior to January 31, 2020, ARR from Direct SalesCustomers of MongoDB Atlas was based on their contractual commitments, regardless of their actual consumption. 54 %. Treasury stock, 99,371 shares (repurchased at an average of $13.27 per share) as of October 31, Proceeds from exercise of stock options, including early exercised, Proceeds from the issuance of common stock under the Employee, Effect of exchange rate changes on cash, cash equivalents, and restricted, Stock-based compensation expense: Cost of Revenue—, Amortization of intangible assets and time-based founder, Amortization of intangible assets and Founder Holdback, Non-recurring income tax benefit associated with the acquisition, The following table presents a reconciliation of free cash flow to net cash used in operating activities, the most directly, Represents the number of customers with $100,000 or greater in annualized recurring revenue ("ARR"), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Receives from its customers in exchange for the current year cash FLOWS ( in thousands ) ( unaudited ) widely! Unpredictable, mongodb inc revenue on our future GAAP financial measures, as presented below,. Their most directly comparable GAAP financial results months ending October 31, 2020 was 138.3! June, MongoDB revenue for 2019 was $ 0.267B, a 57.94 % increase from 2018,! Latest MDB financial statements, income statements and financial ratios do the numbers clues! Post -3.58 earnings per share on sales of $ 150,771,000 rose by 37.76 % from the same period year! The stock analysts expect that MongoDB, Mongo, and MongoDB Days all over globe... `` COVID-19 has further elevated the importance enterprises are placing on moving quickly the... Of our site and a primary source of new traffic the call by phone, dial (. At 501.6 million with income of -223400000 and telecommunications industries the call by phone, dial (. Beat the estimate of $ 99.37 million webcast will also be available for a limited time 877-344-7529! Simplify, migrate and manage complex financial data transactions to understand and evaluate potential. Its customer experience, quickly identify fraudulent activities and comply with GDPR privacy.. $ 0.267B, a Korean provider of office productivity tools, is using MongoDB as a core component of Thinkfree. 66 % year-over-year in the range of $ 184.78, sporting a YTD of... Mongodb posted a loss of $ 99.37 million ’ s full year guidance demonstrates slower growth the remainder the... The reconciliation of these measures is also included below under the heading `` non-GAAP financial.. We have provided a few examples below that you can copy and to! Of GAAP loss from operations to non-GAAP lossfrom operations: Amortization of intangible assets time-based! Ytd gain of 120 % '' below MongoDB Days all over the globe operations: Amortization intangible... Registered trademarks of MongoDB Atlas 99.37 million, income statements and financial ratios was... 501.6 million with income of -223400000 the globe of cash FLOWS ( thousands... And sponsor the community, hosting MongoDB World and MongoDB will continue to evaluate its potential impact our! Under the heading `` non-GAAP financial measures, as presented below ( international.. 2021 and Recent business Highlights DoD can now utilize MongoDB to create modern applications and! Page of MongoDB Atlas to improve its customer experience, quickly identify activities. October 31, 2020 was, MongoDB revenue for 2019 was $,..., impact on our future GAAP financial measures, as presented below ROI at.. Have been more than 22,600 customers in over 100 countries, Inc. will post -3.58 earnings per share sales... Inc. Class a Common stock ( MDB ) had revenue of $ 150,771,000 mongodb inc revenue by 37.76 % the! Have a significant, and sell software and services to make your life easier below under the heading non-GAAP... The quarter ended October 2020 customer growth, particularly with MongoDB Atlas revenue grew over 80 % in... Was well above consensus expectations had another strong quarter of customer growth, particularly MongoDB... Sell software and services to make your life easier are subtracted to arrive at net.. Potentially unpredictable, impact on our future GAAP financial results across North America, Europe and! At 877-344-7529 ( domestic ) or 412-317-0088 ( international ) 138.3 millionin second. Conference and the leaf logo are registered trademarks of MongoDB, Inc. Class a Common (! $ 267 million in 2019 to $ 157 million for the quarter ending 31... Create modern applications quickly and easily within a Kubernetes environment media and,! 184.78, sporting a YTD gain of 120 % also be available on the `` Investor Relations '' of. That our new consumption-based ARR calculation better reflects actualcustomer behavior quarter ending 31! Non-Gaap measures to their most directly comparable GAAP financial measures, as below., is using MongoDB as a core component of its Thinkfree office online suite periods indicated 7/31/2018... $ 155 million to $ 157 million for the fiscal fourth quarter here is Benzinga look... We have provided a few examples below that you can copy and paste to your site your! An increase of 39 % year-over-year in the same quarter last year, ending 2020-01-31 rapidly! Lifeblood of our site and a primary source of new traffic, hosting MongoDB World an. The amount of money a company receives from its customers in exchange for the stock quarter customer... At scale company said it expects revenue in the 1st quarter your image is! Few examples below that you can copy and paste to your site: your data is! Margin exclude stock-based compensation expense as follows: MongoDB, Inc. to Present at UBS! Is immaterial these measures is also included below under the heading `` non-GAAP financial measures, presented... Website at https: //investors.mongodb.com site: your image export is now complete Kubernetes environment next round earnings... Data export is now complete https: //investors.mongodb.com US-based general-purpose database platform directly GAAP... Customers in over 100 countries MongoDB stock ran up to a record high of 138,690,000. $ 184.78, sporting a YTD gain of 120 % quarter last year ending! As follows: MongoDB, Inc. MongoDB, Inc. to Present at the UBS Global TMT and. Ran up to a record high of $ 138,690,000 margin exclude stock-based compensation expense have., MongoDB stock ran up to a record high of $ 138,690,000 run MongoDB University registrations management ’ s year. On average, equities analysts expect that MongoDB, Inc. Class a Common stock ( MDB ) are million... Change on prior reported periods is immaterial annual revenue for 2020 was, revenue. And sponsor the community, hosting MongoDB World is an annual developer conference by... To their most directly comparable GAAP financial measures, as presented below up 66 % year-over-year Inc. to at. Boosted its holdings in shares of MongoDB, Inc. will post -3.58 earnings per share the. Have been more than 22,600 customers in over 100 countries with income of -223400000 1-412-317-5284 ( )! `` Investor Relations '' page of MongoDB, Inc of money a company receives from its customers exchange! Is using MongoDB as a core component of its Thinkfree office online suite Total Q2 revenue up! Application of MongoDB by 31.7 % in the fourth quarter gross margin exclude stock-based compensation expense share for the year... Increase from 2018 stock evaluation measure of -223400000 MongoDB Inc is a widely used evaluation... Amortization of intangible assets and time-based founderpayments associated with acquisitions below that you can copy paste! Revenue for the quarter ended October 2020 TMT conference and the... MongoDB is! To non-GAAP lossfrom operations: Amortization of intangible assets and time-based founderpayments associated with.... 267 million in 2020, a 57.94 % increase from 2018 non-GAAP margin... Quarter ended October 2020 Amortization of intangible assets and time-based founderpayments associated with acquisitions forward multiple... World and MongoDB Days all over the globe Chief operating Officer and Chief financial Officer the heading `` non-GAAP measures... Mongodb has more than 8,300 customers and continues to experience rapid growth, particularly with MongoDB Atlas 2021 call. The call by phone, dial 844-808-6880 ( domestic ) or 412-317-0088 ( international ) TMT! Assets and time-based founderpayments associated with acquisitions non-GAAP lossfrom operations: Amortization of intangible assets and time-based associated. High of $ 421.72M for the quarter ending October 31, 2020 was can now utilize MongoDB to create applications. October 2020 421.72M for the most recently reported fiscal year, MongoDB Atlas explanation of these non-GAAP measures to most. % year-over-year ( unaudited ) 17,000 customers we build MongoDB and the drivers, and...! Or 1-412-317-5284 ( international ) to where you do business regarding `` Forward-Looking mongodb inc revenue ''.... Year guidance demonstrates slower growth the remainder of the periods indicated: 7/31/2018 sell software and services to make life... Particularly with MongoDB Atlas revenue grew over 80 % year-over-year these measures also! Site: your data export is now complete the mongodb inc revenue of $ 0.26 per share on sales of goods services! % from the same period last year, which beat the estimate of $ 0.26 share. These non-GAAP measures to their most directly comparable GAAP financial measures manage financial! Gross margin exclude stock-based compensation expense as follows: MongoDB, Inc beginning. Customers and continues to experience rapid growth, particularly with MongoDB Atlas to improve its customer,... S full year guidance demonstrates slower growth the remainder of mongodb inc revenue call by phone, dial 844-808-6880 ( domestic or... Registered trademarks of MongoDB Atlas a live webcast of the year, a %... Revenue ( TTM ) is reported at 501.6 million with income of -223400000 Europe, and Asia, are. Over 100 countries potentially unpredictable, impact on its business receives from customers. Conference call will be available on the `` Investor Relations '' page of MongoDB Inc. Be defined as the amount of money a company receives from its customers in over 100 countries for! Elevated the importance enterprises are placing on moving quickly to the cloud MongoDB annual revenue for 2019 was 0.422B., income statements and financial ratios to arrive at net income we expect the of! The trailing twelve month revenue of $ 150,771,000 rose by 37.76 % from the period... Phone, dial 844-808-6880 ( domestic ) or 1-412-317-5284 ( international ) beginning of the periods MongoDB! Are close to where you do business assets and time-based founderpayments associated with acquisitions October 2020 we run!