MongoDB
MDBQ3 2023(MDB Q2 FY2024)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$184.8M
AI Revenue (Q)
$9.0M
Total Revenue (Q)
$450.6M
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q2 FY2024 (3 months ended Jul 31, 2023). Total revenue $423.8M (Subscription $409.3M + Services $14.5M). Atlas Vector Search reached GA in June 2023. The FY2024 10-K is the first to mention AI in risk factors: 'the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships.' However, Vector Search was brand new and adoption was nascent. Bumping to 2% to reflect early Vector Search adoption plus growing RAG workload consumption on Atlas. Math: $423.8M x 2% = ~$8.5M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription $409,334K, Services $14,457K, Total revenue $423,791K
10-Q for period ended July 31, 2023
the effects of social, ethical and regulatory issues relating to the use of new and evolving technologies, such as artificial intelligence, in our offerings or partnerships
10-K FY2024, Risk Factors
AI Products Identified (Ring 1)
MongoDB Atlas Vector Search (GA June 2023)MongoDB Atlas (general-purpose database for AI workloads)
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 cloud database consumption by AI application developersRAG application data layersEmbedding storage and retrieval workloads
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix