MongoDB, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended January 31, 2024
March 07, 2024 at 04:10 pm EST
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MongoDB, Inc. reported earnings results for the fourth quarter and full year ended January 31, 2024. For the fourth quarter, the company reported revenue was USD 458 million compared to USD 361.31 million a year ago. Net loss was USD 55.46 million compared to USD 64.4 million a year ago. Basic loss per share from continuing operations was USD 0.77 compared to USD 0.93 a year ago.
For the full year, revenue was USD 1,683.01 million compared to USD 1,284.04 million a year ago. Net loss was USD 176.6 million compared to USD 345.4 million a year ago. Basic loss per share from continuing operations was USD 2.48 compared to USD 5.03 a year ago.
MongoDB, Inc. specializes in developing and operating a development database platform. The group offers the intuitive and scalable MongoDB multi-cloud platform, enabling developers to create, modernize, deploy and manage applications in the fields of Artificial Intelligence, Edge computing, Internet of Things, mobile applications and payment technology. Net sales break down by source of income as follows:
- subscription sales (96.2%);
- service sales (3.8%).
At the end of January 2023, the group had more than 40,800 customers.
Net sales are distributed geographically as follows: Americas (60.9%), Europe-Middle East-Africa (28.2%) and Asia-Pacific (10.9%).
MONGODB, INC. 
