MongoDB 2026 Q3 Earnings 79.5% Reduction in Net Loss Amid Strong Revenue Growth

MongoDB (MDB) delivered Q3 2026 results that exceeded expectations, with revenue rising 19% year-over-year to $628.31 million and adjusted EPS of $1.32, surpassing estimates by 66%. The company raised full-year revenue guidance to $2.434–$2.439 billion, reflecting confidence in its growth trajectory.

Revenue

Subscription revenue accounted for the majority of the total revenue, contributing $609.07 million, while services revenue added $19.24 million. The 75% revenue contribution from Atlas, MongoDB’s cloud database service, underscored its 30% year-over-year growth, driving overall performance.

Earnings/Net Income

MongoDB narrowed its net loss to $2.01 million in Q3 2026, a 79.5% reduction compared to the $9.78 million loss in Q3 2025. Despite this improvement, the company reported a per-share loss of $0.02, down from $0.13. The sustained losses over 10 consecutive years highlight ongoing financial challenges.

Post-Earnings Price Action Review

The strategy of buying MDB when earnings beat and holding for 30 days delivered moderate returns but underperformed the benchmark. The strategy achieved a 69.94% return, while the benchmark returned 85.24%. The Sharpe ratio of 0.17 indicated reasonable risk-adjusted returns, though the maximum drawdown of 0% suggested the strategy avoided losses but failed to capitalize on gains effectively.

CEO Commentary

CEO CJ Desai emphasized 19% revenue growth driven by a 30% surge in Atlas revenue and 2,600 new customers added, attributing success to the company’s “unified data platform.” He highlighted margin outperformance and raised guidance for both top and bottom lines.

Guidance

MongoDB projected Q4 revenue of $665–$670 million and full-year 2026 revenue of $2.434–$2.439 billion. Non-GAAP net income per share is expected to range from $1.44–$1.48 in Q4 and $4.76–$4.80 annually.

Additional News

Following the earnings report, MongoDB shares surged 15% in after-hours trading as the company raised annual guidance. Institutional investors, including Spyglass Capital and Korea Investment CORP, increased stakes in the stock, while insiders sold 91,172 shares over 90 days. The company also announced a leadership transition, with CJ Desai assuming the CEO role after Dev Ittycheria’s 11-year tenure.