MDB Latest Report

Financial Performance

Based on the provided financial data, MongoDB's total operating revenue reached RMB548,398,000 as of January 31, 2025, up 19.74% from RMB458,002,000 as of January 31, 2024. This growth indicates a significant improvement in the company's operating revenue, reflecting increased market demand or successful business expansion.

Key Financial Data

1. MongoDB's total operating revenue reached RMB548,398,000 in 2025, up 19.74% YoY.

2. The company's total customer base exceeded 57,000, including 7,300 direct sales customers.

3. MongoDB's net dollar retention rate was 118%, reflecting increased customer consumption and expansion of existing customers.

4. Atlas' revenue grew 27% YoY, indicating strong demand for cloud services.

5. Global IT spending is expected to reach US$5.061 trillion in 2024, up 8.0% YoY, which will drive investment in IT infrastructure.

Industry Comparison

1. Industry-wide analysis: In the database industry, with the acceleration of enterprise digital transformation, overall market demand continues to grow, and the demand for cloud database solutions is also on the rise. According to industry reports, the market demand for high-performance databases is expected to continue to rise from 2024 to 2025, promoting the growth of operating revenue for companies including MongoDB.

2. Peer evaluation analysis: Compared with other companies in the same industry, MongoDB's 19.74% YoY growth in operating revenue is higher than many traditional database service providers, which may face greater market competition pressure. MongoDB's growth rate demonstrates its competitive advantage in emerging technologies such as cloud computing and big data, indicating its relatively strong performance in the industry.

Summary

MongoDB's financial performance in 2025 shows strong growth in operating revenue, mainly driven by increased market demand, optimized sales strategies, and new product releases. The company's customer base expansion and high net dollar retention rate also indicate its success in customer retention and consumption enhancement.

Opportunities

1. With the continuous growth of global IT spending, MongoDB can seize the opportunity to further expand its market share.

2. The release of new products and services, especially in AI and cloud computing, may attract more customers and drive revenue growth.

3. Cooperation with large enterprises such as Meta and Microsoft can help enhance brand influence and market competitiveness.

4. The improvement of the economic environment provides a good backdrop for investment in IT infrastructure, which will help drive the company's continuous development.

5. With the transformation of the database industry to cloud services, MongoDB's leading position in the cloud database market may bring more business opportunities.

Risks

1. Intensified competition in the market, especially in the cloud database and big data fields, may lead to price pressure and lower profit margins.

2. Rapid technological updates may cause MongoDB to lose market share if it fails to keep up or innovate.

3. Economic fluctuations may affect customer investment in IT infrastructure, which may in turn affect MongoDB's revenue growth.

4. High customer concentration, with reliance on large customers, may increase operational risks.

5. Growing concerns about data security and privacy may threaten the company's reputation and customer trust.