Financial Analysis

Business Combinations On May 8, 2026, the Company acquired the outstanding shares of Clarity Business Holdings, LLC (Clarity), a services firm specializing in providing support and professional services to support modernizing legacy systems, scaling cloud-native development, and solving complex data challenges for workloads within the U.S. Government, for $16.7 million, which was accounted for as a business combination. In connection with this acquisition, the Company recorded goodwill of $12.8 million, which was primarily attributable to the acquired workforce and expected synergies from expanding the Companys U.S. Federal vertical. Goodwill was not deductible for income tax purposes. The assets acquired, the liabilities assumed, and the intangible assets and deferred tax liabilities recognized were not material. Intangible assets acquired are related to customer relationships and have an estimated useful life of five years. The fair values assigned to assets acquired and liabilities assumed are based on managements best estimates and assumptions as of the reporting date and are considered preliminary. All acquisition-related costs were immaterial for the three and six months ended July 31, 2026. The Company has included the financial results of Clarity in its condensed consolidated financial statements from the date of acquisition. Separate operating results and pro forma results of operations for this acquisition have not been presented as the effects of the acquisition we …

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Commitments and Contingencies Non-cancelable Material Commitments During the six months ended July 31, 2026, other than certain non-cancelable operating leases described in Note 6 , Leases , there have been no material changes outside the ordinary course of business t o the Companys contractual obligations and commitments from those disclosed in the 2026 Form 10-K. Legal Matters The Company investigates all claims, litigation and other legal matters as they arise. From time to time, the Company has become involved in claims, litigation and other legal matters arising in the ordinary course of business, including intellectual property, labor and employment and breach of contract claims. For example, on July 9, 2024, a putative class action lawsuit, captioned Baxter v. MongoDB, Inc., et al. (Case No. 1:24-cv-5191), was filed in the United States District Court for the Southern District of New York against MongoDB, former CEO Dev Ittycheria, and former COO and CFO Michael Gordon (the Securities Action). On January 27, 2025, the lead plaintiff in the Securities Action filed an Amended Complaint naming former Senior Vice President of Finance and former Interim CFO Srdjan Tanjga as an additional defendant. The operative complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act, and alleges that defendants made material misstatements and/or omissions, including regarding MongoDBs sales strategy, growth projections and financial results. The complaint is …

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The following table presents the Companys revenues disaggregated by geography, based on address of the Company's customers (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Primary geographical markets: Americas $ 478,261 $ 364,245 $ 890,598 $ 697,111 EMEA 210,298 160,960 404,976 311,726 Asia Pacific 83,214 66,197 163,815 131,579 Total $ 771,773 $ 591,402 $ 1,459,389 $ 1,140,416 The following table presents the Companys revenues disaggregated by subscription product categories and services (in thousands): Three Months Ended July 31, Six Months Ended July 31, Subscription product categories and services: 2026 2025 2026 2025 Atlas-related $ 565,916 $ 438,970 $ 1,078,382 $ 834,863 MongoDB Enterprise Advanced and other 181,231 133,385 334,903 268,947 Services 24,626 19,047 46,104 36,606 Total $ 771,773 $ 591,402 $ 1,459,389 $ 1,140,416 …

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Equity Equity Incentive Plan The Company adopted the 2008 Stock Incentive Plan (as amended, the 2008 Plan) and the 2016 Equity Incentive Plan (as amended the 2016 Plan), primarily for the purpose of granting stock-based awards to eligible employees, directors and consultants, including stock options, restricted stock units (RSUs), restricted stock awards (RSAs) and other stock-based awards. With the establishment of the 2016 Plan in December 2016, all shares available for grant under the 2008 Plan were transferred to the 2016 Plan. The Company no longer grants any stock-based awards under the 2008 Plan and any shares underlying stock options canceled under the 2008 Plan will be automatically transferred to the 2016 Plan. Stock Options The following table summarizes stock option activity for the six months ended July 31, 2026 (in thousands, except share, per share data and years): Shares Weighted-Average Exercise Price Per Share Weighted- Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance as of January 31, 2026 163,909 $ 9.66 1.2 $ 59,284 Stock options exercised (79,325) 9.08 Stock options forfeited and expired (3,450) 8.98 Balance as of July 31, 2026 81,134 10.22 0.8 26,551,971 Vested and exercisable as of January 31, 2026 163,909 9.66 1.2 59,284 Vested and exercisable as of July 31, 2026 81,134 $ 10.22 0.8 $ 26,551,971 Restricted Stock Units The Company funds withholding taxes in certain jurisdictions due upon the vesting of employee restricted s …

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Fair Value Measurements The following tables present information about the Companys financial assets that have been measured at fair value on a recurring basis as of July 31, 2026 and January 31, 2026 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): Fair Value Measurement as of July 31, 2026 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 294,463 $ $ $ 294,463 Short-term investments: U.S. government treasury securities 1,408,853 1,408,853 Total financial assets $ 1,703,316 $ $ $ 1,703,316 Fair Value Measurement as of January 31, 2026 Level 1 Level 2 Level 3 Total Financial Assets: Cash and cash equivalents: Money market funds $ 381,687 $ $ $ 381,687 Short-term investments: U.S. government treasury securities 1,303,701 1,303,701 Total financial assets $ 1,685,388 $ $ $ 1,685,388 The Company utilized the market approach and Level 1 valuation inputs to value its money market funds and U.S. government treasury securities because published net asset values were readily available. The following table summarizes the amortized cost and fair value of the Companys short-term investments by remaining contractual maturity as of July 31, 2026 and January 31, 2026 (in thousands): July 31, 2026 January 31, 2026 Amortized Cost Net Unrealized Gains (Losses) Fair Value Amortized Cost Net Unrealized Gains (Losses) Fair Value Due within one year $ 539,219 $ (301) $ 538,918 $ 770,766 …

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"Income Taxes The Company recorded a provision for income taxes of $5.0 million and $9.4 million for the three and six months ended July 31, 2026, respectively, and $3.9 million and $8.2 million for the three and six months ended July 31, 2025, respectively. The provisions recorded during both the three and six months ended July 31, 2026 and 2025, were driven by an increase in global income and the associated foreign taxes as the Company continues its global expansion. The calculation of income taxes was based upon the estimated annual effective tax rates for the year applied to the jurisdictional mix of current period income before tax plus the tax effect of any significant unusual items, discrete events or changes in tax law. The Company regularly assesses the need for a valuation allowance against its deferred tax assets. The Company maintains a full valuation allowance for U.S. and Ireland deferred tax assets, which is in place against the net deferred assets attributable to net operating loss carryforwards, tax credits and intangible assets. The Company expects to maintain these valuation allowances until it becomes more likely than not that the benefit of its deferred tax assets will be realized by way of sufficient positive evidence to support the reversal of all or some portion of this allowance. The Company regularly assesses all available evidence, including cumulative historic losses and forecasted earnings. Given the Companys expected current earnings and anticipa …

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Leases The Company has entered into non-cancelable operating and finance lease agreements, principally real estate for office space globally. The Company may receive renewal or expansion options, leasehold improvement allowances or other incentives on certain lease agreements. Lease terms range from 1 to 12 years and may include renewal options, which the Company deems reasonably certain to be renewed. The exercise of the lease renewal option is at the Company's discretion. Lease Costs The components of the Companys lease costs included in its condensed consolidated statements of operations were as follows (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Finance lease cost: Amortization of finance lease right-of-use assets $ 993 $ 993 $ 1,987 $ 1,986 Interest on finance lease liabilities 388 486 802 996 Operating lease cost 2,983 3,348 6,008 6,594 Short-term lease cost 1,271 1,114 2,511 2,202 Variable lease cost 1,107 1,497 2,086 2,405 Total lease cost $ 6,742 $ 7,438 $ 13,394 $ 14,183 Balance Sheet Components The balances of the Companys finance and operating leases were recorded on the condensed consolidated balance sheets as follows (in thousands): July 31, 2026 January 31, 2026 Finance Lease: Property and equipment, net $ 13,579 $ 15,566 Other accrued liabilities, current 6,687 6,482 Other liabilities, non-current 19,731 23,490 Operating Leases: Operating lease right-of-use assets $ 24,790 $ 28,978 Operating lease liabilities, curr …

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Revenue Disaggregation of Revenue The Company believes that the nature, amount, timing and uncertainty of its revenue and cash flows and how they are affected by economic factors is most appropriately depicted through the Companys primary geographical markets and subscription product categories. The Companys primary geographical markets are North and South America (Americas); Europe, Middle East and Africa (EMEA); and Asia Pacific. The Company also disaggregates its subscription products between its Atlas-related offerings and MongoDB Enterprise Advanced and other. The following table presents the Companys revenues disaggregated by geography, based on address of the Company's customers (in thousands): Three Months Ended July 31, Six Months Ended July 31, 2026 2025 2026 2025 Primary geographical markets: Americas $ 478,261 $ 364,245 $ 890,598 $ 697,111 EMEA 210,298 160,960 404,976 311,726 Asia Pacific 83,214 66,197 163,815 131,579 Total $ 771,773 $ 591,402 $ 1,459,389 $ 1,140,416 The following table presents the Companys revenues disaggregated by subscription product categories and services (in thousands): Three Months Ended July 31, Six Months Ended July 31, Subscription product categories and services: 2026 2025 2026 2025 Atlas-related $ 565,916 $ 438,970 $ 1,078,382 $ 834,863 MongoDB Enterprise Advanced and other 181,231 133,385 334,903 268,947 Services 24,626 19,047 46,104 36,606 Total $ 771,773 $ 591,402 $ 1,459,389 $ 1,140,416 Contract Liabilities The Companys contract l …

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"Summary of Significant Accounting Policies Basis of Presentation The accompanying condensed consolidated financial statements are unaudited and have been prepared in accordance with generally accepted accounting principles in the United States of America (""U.S. GAAP"") for interim financial information and the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. These condensed consolidated financial statements include the accounts of the Company and all of its wholly-owned subsidiaries. The condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and in the opinion of management, reflect all adjustments, including normal recurring adjustments, which are considered necessary for the fair statement of the Companys financial position, results of operations and cash flows for the interim periods presented. All intercompany transactions and accounts have been eliminated. The results of operations for the interim periods should not be considered indicative of results for the full year or for any other future year or interim period. These condensed consolidated financial statements and accompanying footnotes should be read in conjunction with the Companys annual consolidated financial statements and related footnotes included in its Annual Report on Form 10-K for the fiscal year ended January 31, 2026 (the 2026 Form 10-K). Use of Estimates The preparation of the condensed consolidated financial s …

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