MongoDB
MDBQ2 2025(MDB Q1 FY2026)Estimated5% AI
AI Revenue %
5%
AI Fair Value
$543.3M
AI Revenue (Q)
$22.5M
Total Revenue (Q)
$450.6M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q1 FY2026 (3 months ended Apr 30, 2025). Total revenue $549.0M (Subscription $531.5M + Services $17.6M). Atlas represented 72% of total revenue ($395.3M). Notable: MongoDB completed a business combination resulting in $141.4M in stock issuance and $119.9M goodwill increase (total goodwill now $189.6M). Intangible assets increased to $45.9M from $24.6M. The company's total headcount grew to 5,686. Platform downloads exceeded 500M. Atlas Vector Search, now nearly 2 years GA, is increasingly adopted for enterprise AI applications. Still no AI-specific revenue disclosure. Conservative 5% estimate reflects growing but still minority AI workload on Atlas. Math: $549.0M x 5% = ~$27.5M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription $531,455K, Services $17,559K, Total revenue $549,014K
10-Q for period ended April 30, 2025
MongoDB Atlas revenue represented 72%...of our total revenue during the three months ended April 30, 2025
10-Q for period ended April 30, 2025, MD&A
Goodwill increased to $189,641K from $69,679K; Intangible assets, net increased to $45,919K from $24,597K
10-Q for period ended April 30, 2025, Balance Sheet
AI Products Identified (Ring 1)
MongoDB Atlas Vector SearchMongoDB Atlas (AI workload consumption)Stream processing for AI data pipelines
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 workloadsEmbedding storage and retrievalAI agent and copilot data layersEnterprise AI application backends
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix