By Katherine Hamilton

MongoDB swung to a profit in the fourth quarter, but its earnings outlook for the coming year fell below Wall Street's expectations.

The New York software company posted a profit of $15.8 million, or 19 cents a share, in the three months ended Jan. 31, compared with a loss of $55.5 million, or 77 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.28 cents, ahead of the 60 cents forecast by analysts, according to FactSet.

Revenue rose 20% to $548.4 million. Analysts surveyed by FactSet forecast revenue of $521 million.

Subscription revenue increased 19% in the fourth quarter and services revenue expanded 34%.

Consumption of Atlas, MongoDB's cloud database service that can be used to build applications, was higher than expected, Chief Executive Dev Ittycheria said. It expects to see Atlas, which is the company's biggest growth driver, continue to expand in 2026.

MongoDB expects revenue in 2026 to be $2.24 billion to $2.28 billion, below the $2.33 billion expected by analysts, according to FactSet. It expects revenue from non-Atlas product to decline at a high-single digit rate. It anticipates adjusted earnings per share of $2.44 to $2.62, below Wall Street's estimate of $3.38 a share.

In the first quarter of 2026, Mongodb expects revenue between $524 million to $529 million, compared with the $527 million analysts are forecasting. Adjusted earnings per share are anticipated to be between 63 cents to 67 cents, ahead of the 62 cents analysts guided for.

Shares fell 14% to $228.88 after markets closed Wednesday.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

March 05, 2025 16:42 ET (21:42 GMT)

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