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EX-99.1

2 mdb-043026xex991xrelease.htm

EX-99.1

Document

Exhibit 99.1

MongoDB, Inc. Announces First Quarter Fiscal 2027 Financial Results

First quarter fiscal 2027 total revenue of $687.6 million, up 25% year-over-year

Atlas revenue up more than 29% year-over-year in the first quarter fiscal 2027

EA & other revenue up more than 13% year-over-year in the first quarter fiscal 2027

Raising full-year fiscal 2027 guidance driven mainly by strength in Atlas

NEW YORK - May 28, 2026 - MongoDB, Inc. (NASDAQ: MDB) today announced its financial results for the first quarter ended April 30, 2026.

“We delivered better-than-expected first quarter results, as our go-to-market teams continue to execute well and capitalize on strong end-market demand for the MongoDB platform across enterprise use cases and emerging AI opportunities. At the same time, we continue to show strong profitability, demonstrating we can drive durable revenue growth while simultaneously expanding margin. Based on the momentum we are seeing in the business, we are raising our fiscal 2027 guidance," said CJ Desai, President and Chief Executive Officer of MongoDB.

“With our recently expanded leadership across both product and sales, I’m confident that we have the right team in place to move with even greater velocity. These changes sharpen our focus on delivering mission-critical innovation for our customers while scaling our global go-to-market engine, giving us high confidence in our ability to drive durable, long-term growth.”

First Quarter Fiscal 2027 Financial Highlights

•Revenue: Total revenue was $687.6 million for the first quarter of fiscal 2027, an increase of 25% year-over-year. Subscription revenue was $666.1 million, an increase of 25% year-over-year, and services revenue was $21.5 million, an increase of 22% year-over-year.

•Gross Profit: Gross profit was $496.2 million for the first quarter of fiscal 2027, representing a 72% gross margin compared to 71% in the year-ago period. Non-GAAP gross profit was $512.2 million, representing a 74% non-GAAP gross margin, consistent with the year-ago period.

•Loss from Operations: Loss from operations was $24.8 million for the first quarter of fiscal 2027, compared to a loss from operations of $53.6 million in the year-ago period. Non-GAAP income from operations was $123.2 million, compared to non-GAAP income from operations of $87.4 million in the year-ago period.

•Net Income (Loss): Net income was $4.4 million, or $0.05 per share, based on 81.6 million diluted weighted-average shares outstanding, for the first quarter of fiscal 2027. This compares to a net loss of $37.6 million, or $0.46 per share, based on 81.1 million basic and diluted weighted-average shares outstanding in the year-ago period. Non-GAAP net income was $112.3 million, or $1.32 per share, based on 85.3 million fully diluted weighted-average shares outstanding. This compares to a non-GAAP net income of $86.3 million, or $1.00, based on 86.3 million fully diluted weighted-average shares outstanding in the year-ago period.

•Remaining Performance Obligations (“RPO”): RPO was $1,458.6 million, an increase of 88% year-over-year. Current Remaining RPO (“cRPO”) was $766.3 million, an increase of 69% year-over-year.

•Cash Flow: As of April 30, 2026, MongoDB had $2.4 billion in cash, cash equivalents, short-term investments and restricted cash. During the three months ended April 30, 2026, MongoDB generated $201.6 million of cash from operations, compared to $109.9 million of cash from operations in the year-ago period. MongoDB used $2.3 million of cash in capital expenditures and used $1.8 million of cash in principal payments of finance leases, leading to free cash flow of $197.5 million, compared to free cash flow of $105.9 million in the year-ago period.

A reconciliation of each non-GAAP measure to the most directly comparable GAAP measure has been provided in the financial statement tables included at the end of this press release. An explanation of these measures is also included below under the heading “Non-GAAP Financial Measures.”

First Quarter Fiscal 2027 Recent Business Highlights

•MongoDB acquired Clarity Business Solutions to strengthen its US Federal vertical. Clarity has been a trusted partner of ours since 2021, providing specialized support and professional services for highly classified workloads within the US Government. Clarity will operate as a separate entity as we work through the integration process.

•At MongoDB.local London, MongoDB announced seven new platform capabilities designed to close the gap between AI experimentation and high-performance production deployment. These updates advance MongoDB’s automated retrieval and persistent AI agent memory capability, strengthen the core database foundation for mission critical workloads, and help upskill builders to deploy production AI.

•MongoDB appointed Ryan Mac Ban as Chief Revenue Officer and Doug Bowers as Chief Information Security Office

mdb-202603020001441816FalseJanuary 3100014418162026-03-022026-03-0200014418162026-01-312026-01-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 2, 2026

MONGODB, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware001-3824026-1463205 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

1633 Broadway, 38th Floor

New York, NY 10019 (Address of Principal Executive Offices) (Zip Code)

646-727-4092 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001 per share MDBThe Nasdaq Stock Market LLC (Nasdaq Global Market)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02    Results of Operations and Financial Condition. On March 2, 2026, MongoDB, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended January 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated herein by reference.

The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company, regardless of any general incorporation language in such filing.

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Departure of President, Field Operations

On February 27, 2026, Cedric Pech, the Company’s President, Field Operations, notified the Company of his intent to resign, effective April 15, 2026 (the “Separation Date”).

In connection with Mr. Pech’s resignation, the Company has entered into a separation agreement (the “Separation Agreement”) with Mr. Pech effective February 27, 2026 with a term ended April 15, 2026 (the “Term”). During the Term, Mr. Pech will remain an employee of the Company through the Separation Date and will provide advisory services and continue to receive his base salary in effect as of the date hereof and other employee benefits through the Separation Date. Mr. Pech remains eligible to receive his fiscal year 2026 bonus, which shall be payable on or around April 1, 2026.

Mr. Pech’s outstanding unvested equity awards under the Company’s 2016 Equity Incentive Plan will continue to vest until April 1, 2026, provided he continues to provide services under the Separation Agreement until such date. Any outstanding awards scheduled to vest after April 1, 2026 will be forfeited.

The Separation Agreement provides for a general release and waiver of claims against the Company in exchange for the payments and benefits described above.

A copy of the Separation Agreement will be filed with the Company’s Quarterly Report on Form 10-Q for the quarter ended April 30, 2026. The above summary of the Separation Agreement does not purport to be complete and is subject to and qualified in its entirety by reference to the Separation Agreement.

Appointment of Interim Principal Accounting Officer

Effective February 26, 2026 and until March 13, 2026, Michael J. Berry, the Company’s Chief Financial Officer and principal financial officer, was designated by the Company’s board of

mdb-202512010001441816True00014418162025-12-012025-12-01

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K/A

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): December 1, 2025

MONGODB, INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware001-3824026-1463205 (State or Other Jurisdiction of Incorporation)(Commission File Number)(IRS Employer Identification No.)

1633 Broadway, 38th Floor

New York, NY 10019 (Address of Principal Executive Offices) (Zip Code)

646-727-4092 (Registrant’s Telephone Number, Including Area Code) Not Applicable (Former Name or Former Address, if Changed Since Last Report)

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered Common Stock, par value $0.001 per share MDBThe Nasdaq Stock Market LLC (Nasdaq Global Market)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below): ☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Explanatory Note

This Amendment No. 1 to the Current Report on Form 8-K amends Item 2.02 of the Current Report on Form 8-K filed on December 1, 2025 (the “Original Form 8-K”) solely to correct an error in the Earnings Release furnished as Exhibit 99.1 thereto (the “Exhibit”). As previously furnished, the Exhibit reflected a typo in the Customer Count Metrics table for the Customers over 100K for the quarter ended July 31, 2025, as 5,564, which has been corrected to 2,564 on Exhibit 99.1 to this Amendment No. 1. No other changes have been made to the Original Form 8-K.

Item 2.02    Results of Operations and Financial Condition. Exhibit 99.1 attached hereto is a replacement of the Exhibit furnished on the Original Form 8-K.

The information furnished under this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company, regardless of any general incorporation language in such filing.

Item 9.01    Financial Statements and Exhibits. (d)    Exhibits

Exhibit No. Description 99.1 Press Release, dated December 1, 2025, reporting financial results for the quarter ended October 31, 2025 (Revised)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

MONGODB, INC.

Dated: December 1, 2025 By:/s/ Chirantan J. Desai

Name: Chirantan J. Desai Title: President and Chief Executive Officer