MongoDB
MDBQ2 2024(MDB Q1 FY2025)Estimated3% AI
AI Revenue %
3%
AI Fair Value
$328.1M
AI Revenue (Q)
$16.5M
Total Revenue (Q)
$548.4M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2025 (3 months ended Apr 30, 2024). Total revenue $450.6M (Subscription $436.9M + Services $13.7M). Atlas represented 70% of total revenue ($315.4M). MongoDB's developer data platform now explicitly includes 'Vector Search' in its Atlas feature set as noted in the filing's business description. No AI revenue quantification provided. Vector Search has been in market ~10 months. AI workload adoption is growing but remains a small fraction of Atlas consumption. Estimate 3%. Math: $450.6M x 3% = ~$13.5M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription $436,896K, Services $13,665K, Total revenue $450,561K
10-Q for period ended April 30, 2024
MongoDB Atlas is our hosted multi-cloud database-as-a-service offering...includes comprehensive infrastructure and management, as well as a host of additional features, such as MongoDB Atlas Search, Vector Search, time series, data lifecycle, application-driven analytics and stream processing
10-Q for period ended April 30, 2025, MD&A (description applies retrospectively)
AI Products Identified (Ring 1)
MongoDB Atlas Vector SearchMongoDB Atlas (AI workload consumption)
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Atlas consumption by AI/ML application developersRAG application data layersEmbedding storage and vector similarity searchAI-powered search applications
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix