MongoDB, Inc. (NASDAQ: MDB), a leading database platform provider, announced financial results for its first quarter of fiscal 2026, which ended April 30, 2025. The company continues to experience significant growth, highlighted by a 22% increase in total revenue to $549 million compared to the previous year. This revenue surpasses MongoDB’s previously established guidance.

Revenue from MongoDB’s Atlas cloud service grew by 26% year-over-year, making up 72% of the total revenue for the quarter. The company added approximately 2,600 customers, raising the total customer count to over 57,100, up from 49,200 a year earlier. The company reported a non-GAAP operating income of $87 million for an operating margin of 16%, improved from 7% in the prior year.

Gross profit reached $407 million, yielding a gross margin of 74%, slightly down from the 75% reported in the same period last year. However, MongoDB’s operating cash flow increased to $110 million, up from $64 million in the previous year. Free cash flow was recorded at $106 million, a notable increase from $61 million in the prior year.

MongoDB also raised its overall revenue guidance for fiscal year 2026 by $10 million, setting a new estimate of $2.25 billion to $2.29 billion. In terms of profitability, the company targets non-GAAP income from operations in the range of $267 million to $287 million and non-GAAP net income per share of $2.94 to $3.12, a marked improvement compared to the previous forecast.

Furthermore, MongoDB announced a significant expansion of its share repurchase program by an additional $800 million, bringing the total buyback authorization to $1 billion. This move accompanies a broader strategy toward increased efficiency and profit margins, with an operating margin guidance increase to 12% from the initial estimate of 10%.

In summary, MongoDB’s performance in the first quarter of fiscal 2026 reflects robust growth in revenue, particularly from its cloud offerings, increased customer acquisition, and strong improvement in profit margins. The financials depict the company’s positive trajectory amidst an evolving market landscape.