By Katherine Hamilton

MongoDB raised its outlook for the full-year as demand from AI continued to bolster its revenue.

The document database company said Monday it expects revenue to be $2.43 billion to $2.44 billion for the full fiscal year, which is an increase from a previous range of $2.34 billion to $2.36 billion. It now anticipates annual adjusted earnings per share will be $4.76 to $4.80, compared with previous guidance of $3.64 to $3.73.

In the current fourth quarter, MongoDB expects revenue to be $665.0 million to $670.0 million with adjusted earnings per share of $1.44 to $1.48. Analysts expect $626 million in revenue and adjusted earnings of 94 cents a share.

Shares rose 19% to $393.79 in after-hours trading Monday. Through the close, the stock was up 41% this year.

MongoDB posted a loss of $2.0 million or 2 cents a share, in the quarter ended Oct. 31, compared with a loss of $9.8 million, or 13 cents a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $1.32, ahead of the 81 cents anticipated by analysts, according to FactSet.

Revenue rose 19% to $628.3 million. Analysts surveyed by FactSet forecast revenue of $593.9 million. Subscription revenue rose 19% and services revenue increased 12%.

The company is growing its existing customer base and adding net-new customers, Chief Executive CJ Desai said. MongoDB's Atlas database platform expanded to 30% year-over-year growth, up from 29% in the second quarter and 26% in the first.

Third-quarter results were driven by demand across the business, Desai said during a call with analysts. As more companies are increasing their AI usage, they are turning to MongoDB to power AI applications, he said. Demand is coming from startups that are built on AI as well as big companies that are increasingly integrating AI agents.

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

(END) Dow Jones Newswires

December 01, 2025 17:37 ET (22:37 GMT)

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