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Mongodb, Inc. (MDB) SEC Filing 10-K Annual Report for the fiscal year ending Tuesday, January 31, 2023

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Mongodb, Inc.

HISTORY TOOLS
CIK: 1441816 Ticker: MDB
Exhibit 99.1

MongoDB, Inc. Announces Fourth Quarter and Full Year Fiscal 2023 Financial Results
Fourth Quarter Fiscal 2023 Total Revenue of $361.3 million, up 36% Year-over-Year
Full Year Fiscal 2023 Total Revenue of $1,284.0 million, up 47% Year-over-Year
Continued Strong Customer Growth with Over 40,800 Customers as of January 31, 2023
MongoDB Atlas Revenue up 50% Year-over-Year; 65% of Total Q4 Revenue
NEW YORK - March 8, 2023 - MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the fourth quarter and fiscal year ended January 31, 2023.
“MongoDB delivered a strong finish to fiscal 2023, highlighted by 50% Atlas revenue growth and continued strength in winning new customers and workloads. Our continued new business momentum is driven in part by an increasing number of enterprise customers looking to standardize on MongoDB's developer data platform to accelerate innovation while driving greater operational efficiency in their business," said Dev Ittycheria, President and Chief Executive Officer of MongoDB.

“As we enter fiscal 2024, we are incredibly optimistic about the opportunity ahead for MongoDB as we continue to disrupt one of the largest markets in software. We remain focused on acquiring new customers and workloads while driving greater efficiency across the business, which we are confident will enable us to further capitalize on our long-term opportunity when economic conditions normalize.”

Fourth Quarter Fiscal 2023 Financial Highlights
•Revenue: Total revenue was $361.3 million for the fourth quarter of fiscal 2023, an increase of 36% year-over-year. Subscription revenue was $348.2 million, an increase of 35% year-over-year, and services revenue was $13.1 million, an increase of 59% year-over-year.
•Gross Profit: Gross profit was $272.2 million for the fourth quarter of fiscal 2023, representing a 75% gross margin compared to 72% in the year-ago period. Non-GAAP gross profit was $280.8 million, representing a 78% non-GAAP gross margin, compared to a non-GAAP gross margin of 74% in the year-ago period.
•Loss from Operations: Loss from operations was $72.9 million for the fourth quarter of fiscal 2023, compared to a loss from operations of $78.6 million in the year-ago period. Non-GAAP income from operations was $37.2 million, compared to a non-GAAP income from operations of $13.0 million in the year-ago period.
•Net Loss: Net loss was $64.4 million, or $0.93 per share, based on 69.5 million weighted-average shares outstanding, for the fourth quarter of fiscal 2023. This compares to a net loss of $84.4 million, or $1.26 per share, in the year-ago period. Non-GAAP net income was $46.4 million, or $0.57 per share, based on 80.8 million diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $8.0 million, or $0.10 per share, in the year-ago period.
•Cash Flow: As of January 31, 2023, MongoDB had $1.8 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended January 31, 2023, MongoDB generated $25.9 million of cash from operations compared to $22.3 million in the year-ago period. Free cash flow was $23.8 million for the three months ended January 31, 2023, compared to free cash flow of $16.8 million in the year-ago period.

The following information was filed by Mongodb, Inc. (MDB) on Wednesday, March 8, 2023 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Mongodb, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Audit Information
Document And Entity Information Document
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Redeemable Convertible Preferred Stock And Stockholders' Equity (Deficit)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows - Reconciliation
Consolidated Statements Of Comprehensive Loss
Consolidated Statements Of Operations
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Additional Information (Details)
Commitments And Contingencies - Future Minimum Financing And Operating Leases And Other Non-Cancellable Agreements (Details)
Convertible Senior Notes
Convertible Senior Notes (Tables)
Convertible Senior Notes - Additional Information (Details)
Convertible Senior Notes - Capped Calls (Details)
Convertible Senior Notes - Schedule Of Interest Expense For The Notes (Details)
Convertible Senior Notes - Schedule Of Net Carrying Amount Of The Liability Component Of The Notes (Details)
Equity Incentive Plans
Equity Incentive Plans (Tables)
Equity Incentive Plans - 2008 And 2016 Stock Plan (Details)
Equity Incentive Plans - 2016 China Stock Appreciation Rights Plan (Details)
Equity Incentive Plans - 2017 Employee Stock Purchase Plan (Details)
Equity Incentive Plans - Executive Performance Share Awards (Details)
Equity Incentive Plans - Schedule Of Espp Valuation Assumptions (Details)
Equity Incentive Plans - Schedule Of Rsu Activity (Details)
Equity Incentive Plans - Schedule Of Stock Option Activity (Details)
Equity Incentive Plans - Stock Options And Restricted Stock Units, Additional Information (Details)
Equity Incentive Plans - Stock-Based Compensation Expense Recognized In Statement Of Operations (Details)
Fair Value Measurements
Fair Value Measurements (Tables)
Fair Value Measurements - Narrative (Details)
Fair Value Measurements - Schedule Of Financial Assets And Liabilities Measured At Fair Value (Details)
Goodwill And Acquired Intangible Assets, Net
Goodwill And Acquired Intangible Assets, Net (Tables)
Goodwill And Acquired Intangible Assets, Net - Additional Information (Details)
Goodwill And Acquired Intangible Assets, Net - Future Amortization Expense (Details)
Goodwill And Acquired Intangible Assets, Net - Schedule Of Goodwill (Details)
Goodwill And Acquired Intangible Assets, Net - Schedule Of Intangible Assets (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Schedule Of Components Of Loss Before Provision For Income Taxes (Details)
Income Taxes - Schedule Of Components Of Provision For Income Tax (Details)
Income Taxes - Schedule Of Deferred Tax Assets And Liabilities (Details)
Income Taxes - Schedule Of Effective Income Tax Rate (Details)
Income Taxes - Schedule Of Unrecognized Tax Benefits (Details)
Leases
Leases (Tables)
Leases - Balance Sheet Components (Details)
Leases - Components Of Lease Expense (Details)
Leases - Lease Maturities (Details)
Leases - Narrative (Details)
Leases - Supplemental Information (Details)
Net Loss Per Share
Net Loss Per Share (Tables)
Net Loss Per Share - Additional Information (Details)
Net Loss Per Share - Schedule Of Antidilutive Securities Excluded From The Computation Of Diluted Net Loss Per Share (Details)
Net Loss Per Share - Schedule Of Basic And Diluted Earnings (Loss) Per Share (Details)
Organization And Description Of Business
Organization And Description Of Business (Details)
Property And Equipment, Net
Property And Equipment, Net (Tables)
Property And Equipment, Net - Additional Information (Details)
Property And Equipment, Net - Schedule (Details)
Revenue
Revenue (Tables)
Revenue - Allowance For Doubtful Accounts (Details)
Revenue - Contract Liabilities (Details)
Revenue - Costs Capitalized To Obtain Contracts With Customers (Details)
Revenue - Disaggregation Of Revenue (Details)
Revenue - Remaining Performance Obligations (Details)
Revenue - Schedule Of Disaggregation Of Revenue (Details)
Revenue - Unbilled Receivables (Details)
Stockholders??? Equity (Deficit)
Stockholders??? Equity (Deficit) (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies (Tables)
Summary Of Significant Accounting Policies - Advertising (Details)
Summary Of Significant Accounting Policies - Long-Lived Assets, Including Goodwill And Other Acquired Intangible Assets (Details)
Summary Of Significant Accounting Policies - Marketable Securities (Details)
Summary Of Significant Accounting Policies - Non-Marketable Securities (Details)
Summary Of Significant Accounting Policies - Recently Adopted Accounting Pronouncements (Details)
Summary Of Significant Accounting Policies - Restricted Cash (Details)
Summary Of Significant Accounting Policies - Revenue Recognition (Details)
Summary Of Significant Accounting Policies - Schedule Of Property, Plant And Equipment Useful Lives (Details)
Summary Of Significant Accounting Policies - Segment Information (Details)
Summary Of Significant Accounting Policies - Stock-Based Compensation (Details)
Ticker: MDB
CIK: 1441816
Form Type: 10-K Annual Report
Accession Number: 0001441816-23-000027
Submitted to the SEC: Fri Mar 17 2023 4:12:05 PM EST
Accepted by the SEC: Fri Mar 17 2023
Period: Tuesday, January 31, 2023
Industry: Prepackaged Software

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