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MongoDB Inc. (MDB+1.91%) has submitted its 10-Q filing for the quarterly period ended October 31, 2024.
The filing reports total revenue of $529.4 million for the quarter, an increase from $432.9 million in the same quarter of the previous year. Subscription revenue accounted for $512.2 million of the total revenue, while services revenue contributed $17.2 million.
The cost of revenue for the quarter was $135.3 million, with subscription costs at $111.2 million and services costs at $24.2 million. This resulted in a gross profit of $394.0 million.
Operating expenses for the quarter totaled $421.9 million, comprising sales and marketing expenses of $218.0 million, research and development expenses of $151.4 million, and general and administrative expenses of $52.6 million.
MongoDB reported a loss from operations of $27.9 million for the quarter. Other income, net, contributed $20.8 million, leading to a loss before provision for income taxes of $7.1 million.
The provision for income taxes was $2.7 million, resulting in a net loss of $9.8 million for the quarter.
Net loss per share for the quarter was $0.13, based on a weighted-average share count of 74,020,593.
Cash provided by operating activities was $99.7 million for the nine months ended October 31, 2024, while cash used in investing activities was $411.1 million and cash provided by financing activities was $186.3 million.
As of October 31, 2024, MongoDB had cash, cash equivalents, and short-term investments totaling $2.3 billion.
The company highlighted its continued investment in sales and marketing, research and development, and infrastructure to support its growth strategy.
This content was summarized by generative artificial intelligence using public filings retrieved from SEC.gov. The original data was derived from the MongoDB Inc. quarterly 10-Q report dated December 10, 2024. To report an error, please email earnings@qz.com.