FINANCE NOTE

MongoDB (NASDAQ: MDB) — Q2 FY2027 Post Earnings

Operations

As of September 2, 2026
Q2 Revenue ↑ 30% YoY $771.8M
Divisions
Subscription 96.8%
Services 3.2%

Key Earnings Driver: Atlas

MongoDB Q2 revenue increased 30% year over year to $771.8M. Subscription revenue was $747.1 million, an increase of 31%. Within subscription, Atlas revenue increased approximately 29% to $565.9M, representing 76% of Subscription revenue, while Enterprise Advanced and other revenue increased 36% to $181.2M. Services revenue increased 29% to $24.6M. Management attributed Subscription growth primarily to increased Atlas consumption among large existing customers, alongside growth in Enterprise Advanced.

Key Operating Metrics¹

METRIC

STATUS

Subscription

🟢 Scaling

↳ Atlas

🟢 Scaling

↳ Enterprise Advanced and other

🟢 Scaling

Key Financial Metrics

Gross Margin 73.82% +2.82 pp YoY
Backlog / Rev. N/A
CapEx Intensity 0.32% 0.00x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from MongoDB website and/or SEC filings for Q2, with status based on reported data.