MongoDB
MDBQ4 2023(MDB Q3 FY2024)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$234.4M
AI Revenue (Q)
$12.0M
Total Revenue (Q)
$478.1M
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Q3 FY2024 (3 months ended Oct 31, 2023). Total revenue $432.9M (Subscription $418.3M + Services $14.6M). Grainite acquisition ($15M, stream processing) closed Sep 2023, extending the developer data platform. Atlas Vector Search in market for ~4 months. MongoDB positioned itself as an AI data platform but disclosed no AI-specific metrics. Estimate 2.5% as Vector Search adoption grows from a small base. Math: $432.9M x 2.5% = ~$10.8M estimated AI revenue.
Analyzed by claude-opus-4-6
Quoted Figures
Subscription $418,339K, Services $14,599K, Total revenue $432,938K
10-Q for period ended October 31, 2023
On September 27, 2023, the Company acquired the assets of Grainite, Inc. for total cash consideration of $15.0 million. Grainite is a stream processing application company and the transaction is intended to accelerate the development of the Company's stream processing offering.
10-Q for period ended October 31, 2023, Note on Goodwill
AI Products Identified (Ring 1)
MongoDB Atlas Vector SearchMongoDB 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 retrievalStream processing for AI pipelines (via Grainite acquisition)
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix