MongoDB: Q4 strong, but outlook light amid exec departures

MongoDB's fourth quarter earnings were better than expected, but the company announced executive departures and an outlook that missed expectations.

The company reported fourth quarter net income of $15.5 million, or 18 cents a share, on revenue of $695.1 million, up 27% from a year ago. Non-GAAP earnings were $142.7 million, or $1.65 a share. Non-GAAP earnings beat Wall Street estimates by 18 cents a share.

For fiscal 2026, MongoDB reported a net loss of $71.15 million, or 88 cents a share, on revenue of $2.38 billion.

CEO CJ Desai said the company saw "broad-based demand" across its product lines as customers adopt more of MongoDB's platform. "Customers are excited about the strength of the MongoDB platform, the innovations we have been bringing to market, and plan to deliver in the years to come," said Desai.

• MongoDB integrates Voyage 4 models across its platform
• Constellation ShortList™ Hybrid-Cloud and MultiCloud NoSQL Databases
• Constellation ShortList™ Next-Gen Databases: RDBMS for On-Premises
• MongoDB names CJ Desai CEO

MongoDB added 2,700 new customers in the fourth quarter and ended the fiscal year with 65,200 customers. The company’s Atlas platform had revenue growth of 29%.

The outlook is what hit MongoDB shares in after-hours trading.

MongoDB projected first quarter non-GAAP earnings of $1.15 a share to $1.19 a share on revenue of $659 million to $664 million. Wall Street was expecting first quarter revenue of $669.37 million.

For fiscal 2027, MongoDB projected non-GAAP earnings of $5.74 a share to $5.93 a share on revenue of $2.86 billion to $2.9 billion. For fiscal 2027, MongoDB was expected to deliver revenue of $2.9 billion.

In addition, MongoDB announced the following executive moves.

• Erica Volini, who led Deloitte's ServiceNow practice, joins MongoDB as chief customer officer.
• Cedric Pech, President of Field Operations, is leaving MongoDB.
• Paul Capombassis, Chief Revenue Officer (CRO), is leaving MongoDB at the end of the first fiscal quarter.

The company said the transition had been planned.